Show grain of practice vs 0 ounce 1 of theo theory phe united states government tie de dared in a brief tiled in hi tile the supreme court that flint tile pie question involved vl d lu iii he ease case brought t by the chicago board of trade to have the grain futures net act declared ince fincun on was whether cong congress ess or that grain exchange should regil regulate late interstate and foreign commerce and the postal laws so asap us to control the great current of com m arce blown g 7 between uie the the worlds supply of wheat ind and other cereals the government stilted that its position in the present grain future e case would be the same as aa that I 1 pre presented dented when the packers and stock yards ards net was under attack in that case the S supreme court in sustaining ning that law held heldtke the govern went declared that commission merchants and traders engaged in purchases ani sales identically ns as in the instant case constituted a part of tho the current of commerce comfere was subject to regulation referring to a brief filed by coun BI for tile the chicago board of trade LP ra AX submitting tile the views of prof professors essers of universities on the advantages ot of trading in futures future 1 ns as a mear me ansof of regulating lating the low law of supply and demand we government placed on tile file a state genf uen by the of ture 04 the practical workings of the ma grain exchanges and especially of them the boded of trade adding that a grain of practice Is worth an ounce of theory in this connection the government insisted flint congress Is a better judge of the common welfare than all the learned faculties of our universities si ties |