This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
A warehouse receipt is for goods classified and placed in a warehouse,
(The Amount Paid Should Also Be Indorsed on the Back of the Note.)
Winona, Minn., May 15, 1922. $60.00
Received of Rudolf Thomson, Sixty dollars, to apply on his note of One hundred and fifty dollars in my favor, dated January 11, 1919.
J. Cameron Hecht and it is both a receipt for goods received and a contract for their safe care and redelivery. It is given by the warehouseman to the depositor. There are two forms: (1) "non-negotiable," which states that the goods will be delivered to the depositor or to some other specified person; (2) "negotiable," which states that the goods received will be delivered to bearer or to the order of some person named in the receipt. A provision inserted in a negotiable receipt stating that it is non-negotiable is without effect. Warehouse receipts may be issued only by licensed warehousemen, and must embody the following essentials: (1) the location of the warehouse where the goods are stored; (2) the date of the issue of the
(If the Account Had Been Paid in Full the Words "In Full of Account to Date" Might Have Been Added
After the Word "Dollars.")
New Orleans, La., February 14, 1922. $50.00
Received of Gardner B. Beckley, Fifty dollars, to apply on his account.
Stewart D. Perry
Newton, Iowa, November 3, 1921. $80.00
Received of Carter E. Locke, 80 bushels of wheat at one dollar per bushel, to apply on account.
Robert B. Talman receipt; (3) the consecutive number of the receipt; (4) a statement whether the goods received will be delivered to the bearer, to a specified person, or to a specified person or his order; (5) the rate of storage charges; (6) a description of the goods or of the packages containing them; (7) the signature of the warehouseman, which may be made by his authorized agent; (8) if the receipt is issued for goods of which the warehouseman is owner, either solely or jointly or in common with others, the fact of such ownership; (9) a statement of the amount of advances made and of liabilities incurred for which the warehouseman claims a lien. If the precise amount of such advances made or such liabilities incurred is, at the time of the issue of the receipt, unknown to the warehouseman or to his agent who issues it, a statement of the fact that advances have been made or liabilities incurred and the purpose thereof is sufficient. If any of the essential terms are omitted the warehouseman is liable for any injury caused thereby. He may put in the receipt any terms not contrary to law or not relieving him of reasonable care of the goods stored. As in the case of bills of lading, these provisions are not uniform in all States.
Columbia, Mo., September 25, 1921. $20.
Received of Frank Moser, Twenty dollars, in full of all demands to date.
Witness:
Byron W. Hall
142 Main St., Columbia
Frank C. Schacht
67 Spring St., Columbia
His
Charles A. x Ball
Mark
428 Harrison St.
Elevator Receipt no. 7000 East And West Railroad Company
Grain Elevators
Weehawken, N. J.................., 192..
Received in Store from........ ................................................
.......................................................................... Bushels of........................................................................ subject only to the order hereon of.......................................................
and the surrender of this receipt, and payment of charges.
This Grain Is Stored Subject To All
Of The Conditions Prescribed IN .................................. Manager
Kind of Grain..........
Bushels........
Grade..
 
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