"Cotton Futures": The Business of Buying and Selling Cotton from Future Delivery as Conducted on the New York, New Orleans and Liverpool Cotton Exchanges and Its Advantages to Merchants, Manufacturers, Bankers, and Farmers

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A.B. Shepperson, 1911 - 66 sider
 

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Side 64 - ... producing its books and papers, but no person shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter or thing concerning which he may testify or produce evidence...
Side 63 - Every letter, writing, circular, postal card, picture, print, engraving, photograph, newspaper, pamphlet, book or, other publication, matter or thing, of any kind, in violation of any of the provisions of this Act is hereby declared to be nonmailable matter and shall not be conveyed in the mails...
Side 61 - The words and phrases used in this Act and in proceedings pursuant hereto shall, unless. the same be inconsistent with the context, be construed as follows: (1) " A person against whom a petition has been filed...
Side iii - The fact that contracts are satisfied in this way by setoff and the payment of differences detracts in no degree from the good faith of the parties, and if the parties know when they make such contracts that they are very likely to have a chance to satisfy them in that way and intend to make use of it, that fact is perfectly consistent with a serious business purpose and an intent that the contract shall mean what it says.
Side 61 - ... persons'* shall include corporations, except where otherwise specified, and officers, partnerships, and women, and when used with reference to the commission of acts which are herein forbidden shall include persons who are participants in the forbidden acts, and the agents, officers, and members of the board of directors or trustees, or other similar controlling bodies of corporations; (20) "petition...
Side 63 - ... shall knowingly take, or cause the same to be taken, from the mails for the purpose of circulating or disposing thereof, or of aiding in the circulation or disposition thereof, shall be fined not more than $5,000, or imprisoned not more than five years, or both.
Side 62 - ... under inquiry, shall be deemed guilty of a misdemeanor, punishable by a fine of not more than one thousand dollars nor less than one hundred dollars, and imprisonment in a common jail for not less than one month nor more than twelve months.
Side 64 - Unlawful" plainly written or stamped upon the outside thereof, and all such mail matter so returned to such postmasters shall be by them returned to the...
Side 63 - ... any of the provisions of this Act shall be deemed guilty of a misdemeanor, and...
Side 61 - A comparison of the foregoing decision with the provisions of II. R. 67, "A bill to prohibit interference with commerce among the States and Territories and with foreign nations, and to remove obstructions thereto," discloses no conflict whatever in the law applicable to each. HR 67 in no way whatever, either in terms or spirit, hinders or obstructs legitimate transactions for future delivery of cotton, nor indeed in the settlement between seller and purchaser at a future date upon the basis of the...

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