The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-01
HArCH's ANrLoprIoNs BILL
a Motion to Instruct Georgia's Dele
CATION TO Support Il Tabled.

a Motion to Instruct Georgla's Dele
cation TO Support II Tabled.
ATLANTA, Ca, Nov. 3O.-Immediately
on the assembling Of the House this morning
on motion Of Mr.. Dennard of Houston, the
Senate resolution requesting our senator's
and representatives in congress to support
the Hatch ssnti-options,billn was takensup.
a resolution which was introduced IN the
Senate by Mr.. Wright of the First district,
and which passed that body, had been
before the House committee on general
agriculture and had been favorably re-
ported.
Mr.. Fleming Of Richmond opposed the
resolution, not because he was against the
Hatch bill but because be thought the issue
was too big TO be disposed of hastily
and without proper study. be
urged, too, that our senators
and representatives in congress, who were
studying the question and who had the best
possible opportunities for studying 10 IN
diligently, could be trusted to act on it
wisely and be thought they should be left
to act on Is in their own discretion,
especially in view Of the fact that there was
a difference of opinion as to whether the
Hatch bill would achieve the results desired.
He moved to indefinitely postpone the
resolution.
Mr.. Dennard thought this was the time
TO settle the question.
BRANCH ADVOCATES IT.
Mr. Branch of Columbia advocated the
resolution. The farmers organizations OF
the whole country were a unit for the Hatch
bill, and be urged the House to hearken to
the voice of the farmers and pass the reso-
luton.
Mr.. Harrison OF Qultman didn't
think 1t proper for, members OF
the House. not half Of whom perhaps had
read the Hatch bill, to undertake to dictate
to our representatives in congress who had
been sent there because Of their ability and
honesty He considered il doubtful
whether speculation in futures was morally
wrong or whether it hurt the farmers. be
urged the House to go slow and not to pass
the resolution.
Mr.. Richards OF Newton favored she
passage Of the resolution. He argued con-
corning the moral and economical effect Of
future specu ton, which he considered
disastrous TO the producing interests of the
country.
Mr. Graham of Appling thought the
House should understand better what the
propositions were to which they were asked
to subscribe, and he moved to lay the reso-
luton on the table and to have 200 copies
printed for the use of the members. On
the motion to table the vote was ayes 81,
nays So, and the resolution was laid on the
table.
BACON'S RAILWAY BILLS.
Another Of Mr.. Bscon's series Of railroad
bills came up next. IL was his bill to make
railroad wrecking felony and to prescribe
punishment therefor. 1t had been reported
back by the general Judiciary committee.
with the recommendation that it
do pass. Mr.. Bacon explained
the objects OF the bill 30 be TO supply the de-
ficiepcy in the law, which, as 10 now stands
provides no punishment for the wreckinR
Of railroad companies This bill made that
act criminal ofrense and provided a pun
ishment therefor. It would be extremely
difficult to convict anybody I'm
der the bill, but It's provisions
were carefully guarded so that 1t could in
jure no honest man and its very presence
on the statute books would do good. IL
would be a warning TO the wreckers,
and II conviction should be
secured under it, certainly a great
good will have been accomplished.
There was no opposition to the bill, and
after the adoption of an amendment offered
by the committee, It was passed by vote OF
1875 to Q. The general plan of the
bill, as indicated tn i its first section, is to
require builders of railroads to pay into
the company at least 20 per cent.
of the value Of the road before
issuing any share of stock. THE great
scheme of the bill, said Mr.. Bacon in open
ing the discussion, " is that there shall be
honest investments and that honest in
vestors shall be protected. 1t is intended to
prevent Spectators from securing possession
of the controlling interests in railroads and
overriding the interests of the minority
stockholders. The object is to make rail-
road stock in Georgia of some value, and to
make the holder Of railroad stock as secure
as the holder of other stocks.