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WAREHOUSE

A place adapted to the reception and storage of goods and merchandise. Warehouse book. A book used by mer-chants to contain an account of the quantities of goods received, shipped, and remaining in stock. Warehouse receipt. A receipt given by a warehouseman for goods received by him on storage in his warehouse. Warehouse system. A system of public stores or warehouses, established or authorized by law, called “bonded warehouses,” in which an importer may deposit goods imported, in the custody of the revenue officers, paying storage, but not being required to pay the customs duties until the goods are finally removed for consumption in the home market and with the privilege of withdrawing the goods from store for the purpose of re-exportation without paying any duties.

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