davidaulloa/AmericanStories huggingface dataset:
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
SEAL FISHERIES.
An Intimation That Crooked Work Has
Been Dome.

Been Done.
NEW YORK, April 19th.-The World has
special dispatch from Indianapolis pur-
porting to have come from a Washington
correspondent to the Sentinel 1t is in
timated that corruption entered largely
into the recent award of the Alaska seal
fisheries. Mysterious interviews of promi-
nent citizens with Secretary Window are
limited at.
1t is also alleged that representatives of
the successful company made a PROPOSE
ton to a company composed of Indianap-
oils people, which was. in substance:
Make your capital stock 100000, re-
tain one million yourself, let us (the North
American) retain one million and let one
million be set aside or held in trust for
some person not to be named and never to
be known to you, and we can guarantee
the acceptance of your bid"
The award, of course, greatly surprised
the indianapolis syndicate, as their bid,
being one of the highest, was thrown out.
while the lowest of the three offered by the
American Company was accepted. They
allege that the Government, by accepting
that bid, loses $4,000, 900.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
LIFE-sAvING KITE.
The Invention of an Ingenious and In
telligent Dutch Carpenter.


NEW YORK, April l9;h.-A letter from
Harrington, in the Netherlands, says that
a carpenter there named Slut had invent
ed a sort of kite intended to serve as q
means of communication with the shore
in a case of shipwreck. This kite consists
of canvas stretched out on couple of laths,
and is held by strong rope. At some
fathoms distance from the kite is a loop, to
which belt is attached and in which q
man places himself when jumping into
the water, then by the veering out of the
kite the man is carried 10 the shore. Some
time ago a man was experimental with,
aud with the best results.
On Monday morning, March 10, 1890,
while strong breeze was blowing from the
southwest, another experiment was per-
formed in the presence OF some captains of
the mercantile feet. This time, however.
bag filled with straw and sand, and hav-
ing the shape of man. was put in the belt.
Within five minutes this object was carried
from one pier of the new harbor at Harl-
ington to the other, a distance of 200
meters. The kite held the supposed man
very well above water.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

coupled to the connecting rod and lie
folded back along the tail rod, which is
bent like a bit of wire.
The ruin is not confined to the engine
room. The great screw shaft. twentv.ope
inches in diameter and over 100 feet long
has been ripped up out of its bearings from
one end of the screw tunnel to the other
and dropped back again. The one-half-
| inch steel plate has been bent and buckled
IKE bit OF paper. The smashing of the
condenser was followed by an enormous
rush of water into the engine-room. The
condenser lies low in the ship, consider
ably under the water-line."
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

The other day Minnesota clergyman
travelled thirty miles, made six calls, Wis.
tied two schools, gave an afternoon lect-
ure and shot seven jack rabbits, all be-
tween sunrise and sunset, and he said it
wasn't good day for pastoral work either.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
NATIONAL BANKS.
The Main Points in Senator Hiscock's
Bill on Banks.

Bill on Banks.
WASHINGTON, April 19th.-Senator His
cock has introduced bill providing that
national banks may secure their circula.
ton by deposits of Government, State, rail-
way and municipal bonds of par market
value, and not in default of interest for ten
years past, the amount of circulation not to
exceed 80 per cent. of their market value,
except on Government bonds, upon which
the face value should be issued; also, of
first mortgage loans on improved real es-
tated at not exceeding so per cent. of the
assessed value; properly guaranteed certif.
Gates of deposits of gold or silver coin or
bullion; storage warrants and warehouse
receipts for pig iron, cotton and wheat in
responsible companies, the percentage of
circulation on these not to exceed IS per
cent. of the face value, except in the case of
gold and silver.
The banks must make good any de-
iciency caused by shrinkage IN values.
The circulating notes issued are made re.
deemable in fifty years 2 per cent. Govern
ment bonds. The Secretary of the Treas
uary shall set apart from the amocnt paid
in previously BY national banks as a tax on
circulation and from the fund accumulated
from the presentation of circulation
lost or destroyed $40 600, 900 as a guaranty
fund for the protection OF bank depositors,
and an amount equal to one-tenth of one
per cent. per annum upon deposits shall be
paid into the Treasury as an addition to
this fund; payment to cease when the fund
becomes large enough to provide requisite
protection and reimburse the Government
for the original amount set apart for the
fund.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
CONGRESSIONAL.
IN THE SENATE.


WASHINGTON, April 18th. = Henderson pre-
sented numerous petitions favoring the free
coinage of silver. He also introduced bin TO
authorize Congress to accept and place in the
Statuary Hall a monument of General U. S.
Grant, to be presented by the Grand Army of
the Republic.
Stewart introduced a bill to audit accounts
arising from Indian service in Arizona.
The calendar was then taken up and numer-
Gus bills were passed.
The first called up was for the relief OF Sarah
K. Mclean, widow of Lieutenant Colonel Ma
thaniel H. Mclean. This precipitated a hot
debate, as the bill was one of those vetoed by
Cleveland. Turpie and Davis urged its passage,
while Cockrill opposed it on the ground that
Mclean had been fully compensated for his
service.
IN THE HOUSE.
WASHINGTON, April 19th.-In the House this
morning Brewer of Michigan presented petit
ton praying for relief by asking S25 600 for Mrs.
Mary Peterson of Los Angeles. whose husband,
while msil-carrier in Arizona, was murdered
and robbed by hostile Apaches In 1885.
In his prayer the Chaplain made a feeling
reference to the fact that they had gathered TO
pay the last tribute of respect and the affection
of the nation to the memory of man long ia
miliar to this hall and those frequenting it
Hon. S. s. Cox, deceased"
At o'clock public business was suspended
and the House proceeded TO pay tribute to the
memory of Samuel S. Cox of New York. The
entire afternoon was devoted TO eulogistic ad-
dresses,
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

Princess Wilhelmina, the future Queen
of Holland, is a fair. haired, slender, incon-
spicuous maid of years.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
Queen Victoria.

The venerable Victoria hangs on to state
and ceremonial only equaled by her illus
trious predecessor, Elizabeth. Aged and
infrm, she cannot many years longer ap-
pear IN "drawing-rooms," and the follow
ing picture by Ethel Mackenzie in the
Philadelphia Telegraph is of the greater in
terest, since it may be her last appearance,
or as royal subject would say, "In the
ffty-irst year of the reign of our Gracious
Majesty, the Queen, God bless herp She
writes: "The Queen was more becomingly
dressed than on the former occasion. Her
Majesty's dress on Friday was of rich black
silk, the bodice and train being trimmed
with jet passementerie and Grape, while
the skirt was draped with jet embroidery.
The jet tiara was replaced by coronet of
pearls and diamonds, and her Majesty
wore necklace of four rows of huge pearls
and many pearl brooches. The Princess of
Wales wore lovely dress of chestnut vel
vet and gold embroidered gauze. The
skirt was edged with brown ostrich feath-
ers, and the velvet train, lined with gold
satin, was bordered on one side with clus-
tiers of ostrich tips. As usual, the two
Young Princesses were dressed alike.
Their gowns of rose-pink rave satin were
very becoming to their compilations, and
the broad sashes of pink poult-de-soie were
admirably suited to their slight, long
wasted figures. The fronts of the dresses
were of pink embroidered lisse." /
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
EAST OF THR ROCKIES.
The New Boss Carpenters at Chicago
Start Ven to Work.
MARRIED AGAINST HER WILL
An Ascending Kentucky Defaultel
is Captured-The Battle
Of Lexington.
DIAMOND DUST.

ESPECIAL DISPATCHES TO THE REcosD-usuos.l
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

A metal that will melt at such low
temperature as 1902 is certainly curlos-
ity, but John E. White, of Syracuse, n.
Y, has succeeded in producing it. 1t is an
alloy composed of lead, tin, bismuth and
cadmium, and in weight, hardness and
color resembles type-metal. So easily does
it melt that if you place it on a compare
lively cool part of the stove with piece
of paper under it it will melt without the
paper being scorched.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
WASHINGTON CULLINGs.
Prospects Of a Veto for the San Jose
Building appropriation.
CLUNIE AND THE PRESIDENT.
Secretary Blaine Declares the Pan
American Congress Adj
journed Sine Die.
BLAINE,s TRIUMPH.

lrscIAL DmrArccHEs TO TIE REoosD-uMos.l
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
IN FOREIGN LANDS.
Stanley'S New Book and the Inforna.
ton II will Give.
BALFOUR,s SCHEME CONDEMNED
Why 1t is Opposed by the Parnell-
ites-Elevated Railways
Emperor William.
sTANLEY's BOOK.

ESPECIAL DISPATCHES TO rHR REooRD-uN1os.l
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

Rev. Mr.. Hubbelps house, in Hamden, and
then again threatened to kill the girl if she
did not marry him.
Reluctantly she left the carriage aud en-
tered the ciergyman's home, wbtre she as
married to Foote. Miss May Huboell
daughter of the clergy man, was one of the
witnts es to the ceremony. FSote Brought
his bride back to this city and left her at
her home. He then went to Mount Car
mel, where be is employed in creamery.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20
Merchant Murdered.

REDDING, April l9th.-Theodore Habich,
merchant at Newtown, in this county,
and an old settler, was shot about o'clock
this morning. Habich died from the shot
and his murderer is under arrest. He for
merly cooked TOR Habich.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

LOUISVILLE, April 19.h.-A telegram was
received this morning by the Chief of
Police stating that Pope the teller of the
City National Bank, who absconded with
SO 600, had been arrested at Laney, New
Mexico.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-20

LONDON, April l9th-Jameson says that
York Yacht Club for a race for the America
cup. The 1verna, he says, was not de-
signed to race in America, though it may
do so when her powers are tested. The
Field, referring to the report of yacht be-
ing built to race for the America cup, SAYS
nothing will be done in the matter until
autumn.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09

SIC; No. red, s4@s5c; steamer No. 8 red.
754@75l2c; ungraded red, 7l@esBc; No
l northern, 97I2@9Sc; No. HARD, 99@
99Ac; options active in protecting contracts,
ness was done early in the day; prices have
1uctuated l2@a4c. closing weak at lsc adj
vance May, 1s@Mc decline on later months;
No. red April closing at SSs4c; May, S61s
@ s IS ice: closing 1s at sSs4c: June June $3.50
closing at e7lsc; August. s57s@e6l2c, clos
ing at S6Ac; September, s57s@96lsc,
closing at S6Ec: December, 9Sl5@S91sc,
closing at 8s7sc. Oornmeal steady.
Rye stronger Western 5z@5sa2c eo Barley
BARLEY malt steady. Canada, 75@s752e;;
bu; sales, 792. 1000 Blu futures, $4,000 blu
spot; spot market frmer; moderately aetiye;
afioat; ungraded mixed, 36la@41c; steamer
mixed, 377s@3914c; No. 2 white, 40@4Ol2c;
No, 3, 36l2@37c; options dull, frmer.
April, 3sAc; May. 3sss@3S4sc, closing at
July, 3912@39ksc, closing at 39ssc. Steamer
mixed April 327sc. Oats = Receipts 1877
900 bu; exports, 2,305 bu; sales 445, 900 bu
futures, 139, 900 blu spot: spot market fairly
2SIS@29c closing at 2S7sc june 2SA@2S5sc,
closing at 2S12c; spot No. white, 32s4@
o33e; mixed Western, 2s@32c; white West
Hay quiet steady. Hops weak, quiet.
Coffee Options opened steady, SOLO points
down; closed steady, unchanged to 10 points
down: sales 2O,75O bags, including: April,
17.70@17.75c; May, 17.50@l7.60c; June,
1850; July, l7.15@l7.20c: August, 17.05c;
September, 16. sO@16. Soc; October. 1860;
November, 16.4Oc; December, 16. 35@16.4 doc;
January, I6. 25@l6.3 Soc: spot Rio quiet and
steady; fair cargoes, 20l2c; No. flat bean,
19l19ssc. Sugar-Raw steady, fair demand;
fair refining 1866; Sales $500 bags
centrifugal, 96-test. 5ssc; refined quiet,
weak; off A, 5 l-l6@5 5-19c; contectioners'
A, sac: powdered, 6lsc. Molasses-For-
good demand: Petroleum easier; refined
here. 7.l0c; Philadelphia, 7.IOc; Baltimore.
7.1Oc; United closed at 8Ossc for May. Cot
tonseed oil strong. Taliow. steady.
Rosin steady; strained, common to
good Sl.25@130 Turpentine firm;
43c for spot: 4l@4l22e to ar, arrive
domestic fleece, 32@36c; pulled, 27@34c;
Texas, 13@25c. Pork quiet. firm; mess, old,
$l1@11.25 mess. new, S11.75@12.25: ex-
ira prime, S9.50@1O. Cut meats strong;
picked bellies, 5AG15S4c; picked shoulders,
512c; picked hams, 9a4@l0c. Lard quiet
steady; Western steam, $3.50; sales 800 ties;
options, sales, $3.50 ties; April, $6.49: May,
July. S6.5e@6.59, closing at $3.50: August,
S6.67; September, 1913 asked, closing at
So IA October, $67S, closing az S6.7S bid.
Butter liberal supply. weak; Western dairy,
7120l3c; Western creamery, 1O019c; West
ern held. 6@12c; western factory, 4@14c:
Elgin. 21c. Cheese strong, active; Western,
lO12@l0a4c. Pig iron dull, easy; Copper
firm; lake April $3.50. Lead dull, heavy;
domestic, $500. Tin quiet, easier: straits,
$40.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
Legislation in the Interest of
Railroads Keeps the House
Busy.
Butterworth's Bill to Stop
Gambling in BreadStuffs
Reported Favorably.
President Harrison PardonS a
Batch Of Violators Of Fed
eral Laws.

WASHINGTON, April S.-The senate
to-day considered the Montana election
cases further, but without action. The
antitrust bill was taken up, and after
brief discussion passed. The senate
then resumed consideration of the Mon
tana contested election case, and Mr..
Spooner continued his argument in
favor of the right of the Republican
claimants. Mr.. Spooner's speech was
directed chiefly against Gov. Toole, OF
Montana, for his course III reference to
the meeting of the legislature. The
title of Clarke and Maginnis, he said.
depended in part on the votes OF the
men who were not citizens OF the
United States. and who were not en-
titled to vote. Mr.. Pugh argued in
favor of the Democratic claimants.
After speaking short time, Mr.. George
interrupted him to call attention to the
fact that there were but two seats occu-
pied on the Republican side OF the
chamber, and that there was less than
a quorum present. A motion, directing
the sergeant-at-armS to request the at
tendance of the absent senators, was
agreed to. A motion to adjourn was
defeated. Mr.. Pugh said he did not
feel well enough to continue his argu-
ment, so it was agreed that tho Mon
tana case be laid aside for the day, and
the antitrust bill was taken up and
passed exactly as it came from the COM
mittee. The senate then, at 5:45 p. NJ,
adjourned,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
Minneapolis Building Permits.

Total number OF deeds, IA. ....S39, 900
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
Wholesale Produce.

Pork, Bacon, Lard, Etc.-Pork. mess,
S1O25: hams, 10I2c; salt dry long clear,
6ssc; smoked. long clears, &c; breakfast
lard. G7sc; keg lard, 7isc; Glib tin pail. 79sc;
5-lb tin pail, 7l2c; 10-lb tin pail, 7ssc; 2O-lb
wood pail. 7lec.
Flour--Patents, 81, 5o@4:9o; straights, 81
@41o; bakers, S3. 25@350; buckWheat
Beans Medium, Sl@l.25; navy. S1.5o@
Dressed Meats-Fancy dressed steers, 4.25
@4.5O; choice steers. S404.2o; COWS and
heifers, $3.50@3.75; country-dressed beef,
S2@3; veal, 4la@512c; extra heavy mutton,
6@7c: mutton ranging from 80 TO 40 lbs, 10
7Iac; country dressed mutton, 4@5c; pigs
feet and tripe, 90c@S1 per kit; quarters. 81
oysters = Per Can-Standards, 30c;, best
standards, 4Oc; selects, 35c; best selectst
45c. Bulk Oysters-per quart-standards.
45c; Selects 55c; counts 60c.
Fish-Lake Superior trout, No. l, Sc; Lake
Superior whitefsh, No. 1, 6@61s; Lake SUI
perior whitefsh. No 2, &c; fine Lake SUI
pickerel, dc; Smells. 1O@15c; salt water her
ring &c; croppies. &c; black bass, 100 l5c;
Holsters, 25c; halibut, Csc; salmon, 25c;
red snappers. 25c; bluefsh, Csc.
Furs : Mink, 5oe@Sl; marten, Sl.25@
a; fisher, S!@7: cross, fox, $500; silver
grey fox, S15@75; red fox, Sl.65: kit
fox, doc; wolverine. 81; timber wolf, So;
prairie wolf, 81; lynx. S4@5: wildcat. soc;
house cat, 15c; skunk, $4,000; muskrat
(falD, lie; muskrat (winter), 13c; muskrat,
(kits), SC; badger, 81; black bear, Sl6@25
black cub bear, S4@7; brown bear, $1,000;
brown cub bear, S4@7; grizzly bear, $40
@15; grizzly cub bear, S4@5; raccoon, coca
81 sheep pelts. 25@S5c.
Hides-Green hides, per ID, &c; green salt
ed hides. per Id, 4l9c; green sailed long
haired kip, perlb, DC; green sailed veal kip,
per Id, 4l2c; dry flint hides per ID, &c; dry
sailed hides, per lb, &c; green calfskins, per
lib, 4Iac; dry calfskins, per h. &c: wool,
washed, per ID, 24@26c; wool, uuwashed,
per H. 1901 &c; tallow. per lb DC; ginseng.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
Queer Marriage Notices.

The Springfield Union has been COL
lecting some quaint and curious mar
riage notices of the old times, and here
arc three of the best:
In Bozrah, August, 1919, Mr.. John
Bate, of Williamstown, Mass, to Miss
Mary Ann Bass, of the former place,
after cOurtship of one hour.
Is this not angling well, ask,
Such tender bait 10 take?
He caught in one short hour Bass,
The Bass, though, caught Bate
Married at Bridgewater Dec. 16, 17sS,
Capt. Thomas Baxter, of Quincy, aged
siXty-siX, to Miss Whitman, OF the for
mer place, aged fifty-seven, after long
and tedious courtship of forty-eight
years, which they both sustained with
uncommon fortitude.
In Boston, April. 1921, by Rev. Will
lam Sabine, Joseph Willicut to Miss
Susan Whitmarsh, after tedious court
ship of thirteen days. and but thirty
five days after the death of his former
wife.
The best way. it seems. deep sorrow to
smother
For the loss of wife is-to marry another.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09

The story is told of man, who took the
hands of his clock to the maker to have
them fixed, because they did not keep
proper time. Of course, the clock-Inaker
demanded the ICOrkS, as in them lay the
trouble. Boils and blotches, pimples and
other eruptions on the exterior tell of a
disordered condition of the blood within.
If you have these indications, be wise in
time, and take DR.. Pierce's Golden Med
ical Discovery. 1t puts the liver and kid
neys in good working order, purities the
blood, cleanses the system from all impu-
rites, from whatever cause arising, and
tones up the functions generally.
Golden Medical Discovery" checks the
frightful inroads of Scrofula, and, if taken
in time, arrests the march of Consumption
of the Lungs (which is Lung -scrofula),
purifies and enriches the blood, thereby
curing all Skin and Scalp Diseases, Ulcers,
Sores, Swellings and kindred ailments. 1t
is tonic as well as Alternative, or blood
cleansing, in its effects, hence it strength
ems the system and restores vitality, there
by dispelling all those languid, " tired
feelings - experienced by the debilitated.
Especially has it manifested its potency in
curing letter, Salt-rheum. Eczema, Fry
sipelas, Boils, Carbuncles, Sore Eyes, Col
tire, or Thick Neck, and Enlarged Glands.
Golden Medical Discovery is the only
blood and lung remedy, sold by drug
gistS, and guaranteed by its manufacture
ers to do all that it is claimed to accom-
plish, or money paid for it will be refunded.
WORLDS DISPENSARY MEDICAL Asso-
CITATION, Manufacturers, Buffalo, N. Y.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
Produce Exchange.

With the exception Of roll and print, which
has advanced, there is no change in butter.
Cheese firm. Poultry is in very light supply
but there seems to be sufficient demand for
all that comes in. Eggs continue weak, and
are likely to go lower. Oranges and lemons
are steady, with an improving demand.
Apples are in good demand and firm at quo
tatiOnS.
second. 1O@12c: dairy first 15@1Sc; dairy
second, G@1Oc; roll and prints, 10@14c;
packing stock, 3D4c.
Cheese-Full cream, 9011c; skinned,
4@5c.
Poultry-Dressed turkeys, 14@15c; chick
ems. lO@11c; ducks and geese, 1O011c.
Eggs-Fresh, So. 1908. do.
Maple Sugar-S@1Oc.
Maple Syrup-Per gallon. 81. l5@1.25.
Honey-Slow at quotations: Fine white
new clover l3@15c; buckwheat, 1O@1lc.
Malt-Per bushel, 60@70c.
Oranges-Californias, So. 25@3.5O; Navels,
S4.5O@5; Messinas, S3@3 20.
Lemons-Fancy, S4Ql5.
Nuts-Peoans. Texas polished medium
to large, S@lOc per lb; almonds. Tarrago-
mas, TIC; California soft-shelled, 1Sc; filberts,
Sicily, l2c; walnuts. new California. 12G
15c; cocoanuts, So per 100; hickory
Der bu; Brazils, 1O@12c; peanuts. Virginia
hand picked, SEC; roasted, 1Ol2c.
Dates-Persians, 70sc; IN mats, 5l5c; figs,
new, 12@15e.
Cider-Cholce Michigan, 10-gal Kegs, %
per key; choice refined. legal kegs, So;
choice refined. 32-eal bbls. $50 $50 per
Dbl; Ohio cider, 81 per half-bbl, 81 for full
Dbl.
Veal-S4.5O@5.5 so.
Onions-75c@Sl.
Carrots-35c per bu.
Apples-Fancy, s45o@5; standard, $3.50
"a
Celery-3O@35c.
California Fruits
lvocr
Pears-S2. 5O@3 per box.
Sweet Potatoes-Jerseys, So; Muscatines,
Cranberries- and cherry. SIS per Dbl.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
APPLIES TO sam DEALERS.
ButterwOrth's Bucket Shop Bill
Reported Favorably.

Reported Favorably.
WASHINGTON, April s. = Chairman
Funston, of the house committee on ag-
riculture. to-day reported to the house
with amendments the Butterworth bill,
to define options and futures, and to i'm
pose special tax upon dealers therein.
An elaborate report was also submitted.
In it the committee says the bill in
terms does, and is intended to, apply to
that class of transactions conducted in
the bucket shops" and "grain pits" of
the country. and known as puts
and "calls," including the whole range
of mere speculative gambling IN tictiti-
Gus fam products. 1t does not affect
injuriously any legitimate trader or
dealer in farm staples. 1t seeks
to and does impose an internal
revenue tax upon those IDEAL
erS" in grain, cotton and pork
who, as a rule, never see, own or handle
a peck or pound of the article they
deal in. 1t applies to dealers" whose
reference to the supply, and still less
reference to the demand for consump-
ton; who are not concerned whether
the harveSts are blighted or plentiful.
The bill is intended to reach that class
of spectators only who sell what they
don't own, who sell with no purpose or
intent to deliver what they sell, who
require little capital OF stock in trade,
and yet who sell in the ''bucket shops"
of the United States every month more
wheat than is grown in the whole world
in a year; thus in great measure de-
stroying trade, driving merchants from
the field and forcing the price of farm
products below the cost of production.
1t is urged, says the committee, that
the influence of this bill will greatly
hamper and restrict trade, but SO far as
tee has no doubt of the constitutionality
of the measure.