Page:United States Statutes at Large Volume 40 Part 1.djvu/1367

 s1XTY-F1r*rH coxemess. sm. 111. on. 125. 1919. 1349 at the places designated for the delivery of the same by the President’s proclamations or such other places as he may designate, for cash at the said aranteed prices and he is authorized thereafter to buy or contract §-dir the purc ase of, for cash, or sell, consign, or contract for the sale of, for cash or on credit, wheat of the said crops of nineteen Sm of wm, and hundred and eighteen and nineteen hundred and nineteen and {leur uounpurcimed. produced therefrom at the said guaranteed prices or at such other prices and on such terms or conditions w may be necess to carry out the piuposes of this Act and to enable the people ofuthe United Emduugsmmge ,,0 States to purchase wheat products at a reasonable price; to make ’ ’ ` reasonable compensation for handling, transportation, insurance, and other charges with respect to wheat and wheat Hour of said crops, and for storage thereof in elevators, on farms, and elsewhere; to take rmtsmim against such steps, to make such arrangements, and to ado t such methods i°.$nE¥§lL’€Z?m°l H"` as may e necessary to maintam and assure an adp uate and continuous How of wheat and wheat Hour in the channelsedi trade, including(the protection or indemnification of millers, wholesalers, j obbers, ba ers, and retail merchants who urchase in carload lots against actual loss b them on account of abnormal Huctuations in the rice of wheat and, wheat Hour of said crops due to the action of the gov- _ ernment; to borrow such sums of money as may be secured by the B°"‘°“"€ '”°”°Y- property or other assets acquired under this Act; to lease and utilize Requwmn tgt smstorage facilities for, and to store, such wheat and wheat Hour; and °°°|“°ml°°’° ' to requisition storage facilities therefor. He shall ascertain and pay a just compensation for facilities so requisitioned. If the compensa- gg-TP§¤$”·U°¤· t tion so ascertained b the President be not satisfactory to the person saasami-;l°°°° °°` entitled to receive tlile same, such person shall be paid sevent -five per centum of such amoxmt and shall be entitled to sue the Uiiited tates to recover such further sum as, added to said seventy-five per centum, will make up such amount as will be `ust compensation for such facilities; and jurisdiction is hereby conierred on the United States district courts to hear and determine all such controversies. Sec. 4. That whenever the President shall find that operations, R¢z¤¤:¤¢i5g¤.¤¢¤i, to practices, or transactions, at, on, in, or imder the rules of anyexchange, i°{° K$Z`1mi1}a,p iigicgi oard of trade, or similar institution or place of business cause or are "”°‘*‘°' “°“’· likely to cause unjust market manipulation, or unfair and misleading ‘ market quotations, or undue depression or Huctuation of the prices of, or injurious speculation in, w eat or wheat Hour, hereafter in this section caHed evil practices, calculated or likely to enhance unduly the liabilities of the United States under the said guaranties, he is authorized to rescribe such regulations governing, or may either wholly or partlly prohibit, operations, dpractices, and transactions in wheat or wheat Hour at, on, in, or un or the rules of any exchange, board of trade, or similar institution or place of business as he may find essential in order to prevent, correct, or remove such evil practices. Such regulations may require all peisons coming within their 0§mg;g;éi¢g$;.¤¢c·, provisions to keep such records and statements of account, and may ` require such persons to make such returns, verified under oath or otherwise, as will fully and correctly disclose all transactions in wheat or wheat flour at, in, on, or under the rules of any such exchange, board of trade, or similar institution or place of business, including the making, execution, settlement, and fulfillment thereof. He may ,,§},°f"'“‘“°"‘°°"°‘°‘ also require all persons acting in the capacitprl of a clearing house, clearing association, or similar institution, for the purpose of clearing, settlirég, or adjusting transactions in wheat or wheat flour at, in, on, or un er the rules of any such exchange, board of trade, or similar institution or place of business, to kee such records and to make such returns as will full and correctly disclose all facts in their A tm,, R possession relating to such transactions, and he may appoint agents gm `°v°S°g° ° to conduct all investigations necessary to enforce the provisions of this section and all regulations made by him in pursuance thereof,