Summary

Portrait of William O. Douglas William O. Douglas Rice v. Santa Fe Elevator Corporation…

It is pointed out that all the Federal Act requires is disclosure; that the more basic state policy of uprooting the practice of public warehousemen storing and dealing in their own grain is not inconsistent with the federal policy of disclosure. Another illustration relates to the preferential and discriminatory practices in connection with the rebate of storage charges, retention of desirable transit tonnage, and the utilization of preferred storage space. All the Federal Act requires is that warehousemen receive products for storage without making discriminations between persons.
Source: Wikisource

Portrait of William O. Douglas William O. Douglas Rice v. Santa Fe Elevator Corporation…

The amendments to § 6 and § 29, read in light of the Committee Reports, say to us in plain terms that a licensee under the federal Act can do business 'without regard to State acts'; that the matters regulated by the Federal Act cannot be regulated by the States; that on those matters a federal licensee (so far as his interstate or foreign commerce activities are concerned) is subject to regulation by one agency and by one agency alone. [12] That is to say, Congress did more than make the Federal Act paramount over state law in the event of conflict.
Source: Wikisource

Portrait of William O. Douglas William O. Douglas Rice v. Santa Fe Elevator Corporation…

On the other hand, the Federal Act, as we have seen, requires every licensed warehouseman to 'receive for storage' any agricultural product 'without making any discrimination between persons desiring to avail themselves of warehouse facilities.' § 13.
(6) Maintenance of unsafe and inadequate elevators; inadequate and inefficient warehouse service. The complaint alleges that as a result of these practices fire insurance premiums have become exorbitant and prohibitive; that owners of grain have suffered damages due to the deterioration of grain.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature