New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-27
SHERMAN BILL REPORTED.
COMPLETION OF THE ANTITRUST MEASURE
IN SENATE COMMITTEE OF THE WHOLE.
GOING TO THE SENATE WITH GREAT VARIETY
OF AMENDMENTs-A DAY OF LIVELY DEBATE.
my TELEGRAPH TO THE TkiBrNE.1

OF AMENDMENTs-A DAY OF LIVELY DEBATE.
,Br TELEGRAPH TIE ThBrSEl
Washington. March 2G.-The Senate sat until ai'er
dusk this evening trying TO reach vote on the ohci
man Anti Trust bill. The most that could be accom-
plshed. however. the completion OF the measure
in Committee Of the Whole and its report To ti'e
senate. As nearly every amendment so far acccptcu
will he voted upon again separately in the senate. the
progress made today is. perhaps. more apparent 'hah
actual The bill, it stands now, SATISFIES hooous ,
and many important changes Will nave TO be enectcu
before 1t can be beaten into shape acceptable e'he
TO its friends its enemies. The opposition 10 'lo
original bill concentrated their efforts to-day on the
second amendment, that OF Mr.. ingalls, incorporated
with the sherman yesterday. The first, that
Of senator Reagan, has been combined effectively
with the sections offered by Mr. sherman; ana TINS
part Of the proposed law aimed at trusts stilcty'
offers little chance Of attack. senator lneallSs ad
dition, dealing with contracts in options ana
futures consequently, became The mark OF tho
opponents Of the whole scheme and it was gradually
loaded down with amendments until 1t became almost
a legislative absurdty.
The section defining futures gave the most
trouble. and 1t found exceedingly doubtful
whether, under the terms of the law supprcssing
gambling in farm products. by forbddng sales for
future delivery many legitimate and useful methods Of
doing business not also affected The section was
finally altered as exclude from the Application OF
thc law all bona tide contracts for the actual dc
livery Of the property contracted for This would
allow the sale Of crops. the custom now Is. while
they are still in the ground even before seeding II
actual delivery is contemplated. TO the list OF agri-
cultural products on which gambling in futures Is 10
be prohibited added gradually stock, ana bonds
cotton prints. steel rails lead. salt boots ana Shoes
lumber wcolIcn goods. whshcy and all manner Of in
oxicatng drinks senator Blair responsible. OF
course for the last items. and senators Bntcr ana
Eust, for the others. The bncombc character Of these
addition, was sufficiently emphasized BY the fact that
no trouble wa, taken 10 change the section iE:ihcr
down. in which licensed dealers In futures are 10 DO
taxed ~ the rate Of d" ; cents pound and 20 cents
a bushcl7 on all their Transactions. Senators Hher-
man and ingalls, finally made dicndcd appeal 70 the
senate for treatment of the BILL and
the horse play ended.
The opposition then tried to rccOmmit the bill ana
the amendments. first to the Committee on Finance
and then 10 the Committee on the judiciary. Boil
motions failed by few vote, did two or three
ATTEMPTS Al adjournment. The George Trust bill Wa
next offered by senator Gray. substitute Tor Inc
whole ~hcrman-Rcaean IngaI' measure. 1t wa
voted down by "a 10 - single section OF H. ma
authorizing tic President 10 remove by proclamation
i.un duir- on article, corncrcd IN price ~ trust
was then pnt forward as an amendment and VA air'
! bcatcn-.., 10 IL At length. with a great variety o
amendment, both serious and iarcical, the bill wen
! over until 10 morrow.
| the lons discussion over the measure led to SOM
| lively and interesting passage ~ arms. Mf. lhs"N
made two striking speeches, highly seasoned VIII
cpirram and personal allusion, and Mr.. Vest hA'
| separate tit. with MIR. ingalls, W. Vance ana hr
| REAGAN. The Texas senator and Nr. 'corsc %
Mis,i~- luIi cnCagcd In personal encounter. IN wmcl
dc1ntion 10 the Constitution Mr.. Reagan thinks TN
Trust lin constitutional and the Nlnr Educational hl
Unconstitutional Nr. Georges views ar Just th'
contrary ~cmaior Vance amused and cnlNcnci To
afternoon by attacking Mr. Nost. and Mr. Hur in
cn Do, pedestal q, one Of The greatest Of all th'
friends of the people