The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-12-22
PALMER ON OPTIONS
rlen Who Are Fighting the Pres
ent System of Change.
The Effect of the Bill Now Pending
Would Be to Drive Spectators
Out of Business.
Special TO THE MORNING CALL

WASHINGTON. Dec. 2L-In the Senate to-
day Morgan of Alabama presented joint
memorial Of the Senate and House of Ala
bama, urging that measures be adopted by
Congress to secure the speedy construction
OF the Nicaragua canal and its control by
the United States, and also the memorial OF
George l.. Converse of Ohio ana others,
forming the committee appointed by the
convention recently held in New Orleans.
Both were ordered printed. In the same
connection Sherman Of Ohio reported from
the Committee on Foreign Relations n bill
to amend the act incorporating the Near
aqua canal. 1t was placed on the calendar.
and Sherman gave notice that he would at
as early a day as practicable attempt to
secure action upon it.
The resolution directing the Committee
on Census to investigate charges OF partisan
action against certain census enumerators
was agreed 10.
The concurrent resolution for a holiday
recess -as agreed to, and then the MeGar-
rahan bill was taken up and Hunton spoke
in favor of IL. he had not concluded when
the morning hour expired and the anti
option bill got the right of way. The sug-
gestion by Sanders OF Montana that the
latter bill be laid aside informally without
losing its place so that the discussion OF the
McGarrahan bill might go on was objected
to by Washburn Of Minnesota. Wash
burn, howeyer, yielded 10 allow Perkins of
kans to address the Senate in favor Of
the resolution for the appointment Of COM
mittee 10 treat with the five civilized tribes
in the Indian Territory 10 induce them to
take homesteads in severalty.
At the close of Perkins remarks McPher-
son introduced joint resolution directing
the Secretary of the Treasury 10 suspend,
until otherwise ordered by Congress, all
purchase of silver bullion as provided for in
the first section of the act of tho 14tn of
July, and gave notice that immedia tely after
the holiday recess he would call ii up for ac-
ton.
Then the anti-option bill was taken up
and Palmer of Illinois proceeded with his
argument in opposition to it. He said that
cna OF the most serious objections to the
bill was that it struck at the common rights
of citizens to make contracts in any manner
now permitted by law. Nothing was far
ther from the truth than the idea that the
farmers and planters of the United States
demanded the bill. or would demand 1t If
they were made aware OF its provisions.
He was happy to know that there was no
Of Illinois. The effect OF the bill, il it should
become a law, would be to drive spectators
out of business and give TO large capitalists
a monopoly in dealings in farm products.
which would lead TO diminished purchases,
drive out competition and leave the field of
business TO the men who were so fiercely
demanding the passage Of the pending BILL
PETER Of Kansas 81 oke in favor OF the
measure. Ninety per cent of the American
farmers, he said. favored the passage OF
the bill, or of another having the same OBJ
ject in view. Farmers did not object to
buying and selling for future delivery.
That was often convenient and sometimes
necessary, but the farmers insisted that
fictitious, pretended and false commerce In
purely imaginary articles. which continually
interleTed with their business TO their in
jury, ought TO be suppressed.
PETER yielded the floor without conclud-
ing his remarks, and on motion of Teller it
was ordered that the McGarrahan bill be
taken up in the morning hour tomorrow.
The Senate then adjourned.