New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-26
AMENDING THE SHERMAN BILL.
THE SENATE MAKES PROGTESS WITH THE
ANTITRUST MEASURE
THE FINAL VOTE LIKELY TO BE TAKEN TO-DAY
THE REAGAN AND INGALLS,
AMENDMENTS.

Washington, March % (spcclan.-A good deal Of
progress was made to-day il the senate with the
sherman Antitrust bill Various amendments were
accepted and incorporated in the bill until it IS now
about four times it, original length. few moro
minor changes may be found necessary before the
measure Is reported from the Committee on the Whole
to the senate but the vote Oh the final passage Is al
most certain to lie taken afteinoOn.Whst
To some extent test Ct st.eI 9Th the bill arose on
the motion of senator George 10 send the bill and the
pending amendments to the Committee tic
Judicary-a direct reflection of mcompctcncy. II
course. upon the Committee Finance. which had
reported and ind0Tscd the sherman measure To
send any bill to the judiciary Committee senator
Vance humorously remarked, equivalent TO bid
ding IL fearful farewell. for the judiciary Committee
always looked to 10 give proposed legislation
decent but highly effective burial. ON the question
putting the Trust bill underground by the reference
suggested by Mr.. George tlc vote was - 10 10. Tho
Senator, who wanted to play the undertaken with Mr.
shciman's antitrust scheme Bate. of Tennessee
Blackburn, Of Kentucky, Dixon. Of Rhode Island
George and Walthall, of Mississippi Gray ana Ing
gins, of Delaware; Ilawlcy, of Connecticut; HiscocK
of Ncw-York; Jones, Of Arkansas, Payne. OF oho'
Stewart. of Nevada Teller, Of Colorado: Vest OF Mis-
souri,, and wilson, Of Maryland-nnc Democrats ana
six Republicans.
On the attempted substitution of "A Trust Dill
formulated by Mr.. Coke. of Texas. for the sherman
measure. there another similar vote. the op
position amounting this time to 49, as against 20
The two principal amendments adopted IN Com
mittce of the Whole were those offered by senators
Reagan and ingalls,. The first Is divided Int" three
sections. one makes participation IN trust a n,eh
mi,dcmcanor, punishable by a fine not exceeding
$4,000 Imprisonment at hard labor for MOI moro
than five years The second defines the purposes INC
attempt to accomplish which on the part Of the IIust
i to De adudgcd criminal The third provides thit
each DAYS violation OF the Law by "a Trust must 10
held to constitute separate offence
Mr. Ingalls, amendment /, drawn In eleven sec
tions. and j., aimed transactions IN options anu
futures" defines both sorts of contracts ana
mentions these the articles IN which ~uch tIanhS
* To be prohibited " Wheat, corn, oats rye Darcy;
cotton and all other farm products. beef PORK "iu
and all other hog and cattle products Dealers III
options and futures" to be licensed ana 10 pay
~ 900 wear the internal revenue collcctOr' D'
sides ; cents on each pound and 20 cents on esch
lu.h.l traded in The whole business Is 10 be pun
under The supervision Of tS government ana hcaVf
Inc of from $1,000 to $4,000. imposed Tor vtcD
offence against the law. This. II course J. practical
prohibition Of dealing in options" and " INJURIES on
agricultural products. ., ,,,,, ,, -,-,,.,
mr.. v~o wa also added to tho bill by Mr, sherman
which exempis from the provisions Of the olli al inc
combinations among lahorcr> t. reduce their hoIr' q"
labor or Increase t!clr wages, and all combination,
among farmers T. increase the price OF agricultural
and horticultural products