Daily Yellowstone journal., 1892-02-07
NATIONAL. NOTES.
Options and Futures Hav. DAY
IN the LuWcr House 1t
Washington.
The Nomination of Jut::r Ecatt,e
Cnnhymct-T.c Louisiana
Lotte1 y Action.

NASHl$Grt,<. Feb, 4.--Tht n4,'oft
tn'a nf 'h- hn'l-rp'ntn I'LL had til
; t|'n'r t,>dav II. the hearing before tl.'
, Hut,-~ c1nltDittee utt agriculture. r l>
r+~+ntu'vt fr'tn ~. l'hui md Mime
arntls told whv th+ till would no
| benefit tie farmers, uhtl would linr
! the men +ng.K-d in The business q
.upplyi,g >hr d~tnan'l for grain. Aid.
rich, of tue Chicago tn'ara nj trade
sAid the board was heartily ia favor Il
lie b'll 70 fur us It related t" options
w de-gnat4 Il In the first epction ri the
nt asure., relating t" fictitious tafes
aa that kind OF trading had always
been illegal und never recognized. The
board spent great deal Of money try.
tnR to prt"ure the enforcement of the
law prohibiting gambling contracts.
The system In operation II the result
of great n,auy year, experience. II
was not something devised especially
to give an opportunity for dealing In
futures. BDards of trade, tlk. bAnk
clearing houses. were commerci !: cons
ven'ence, for the exchange. The de-
clnea which came ~ rule were 1egi>
innate and due to supply exceeding
t',+ demand for III. GRIP At times;
when the prices were temporarily nd
van I'd by ~ 'eu1atiru, bv buying and
Hing III ~E,ori fluctuations greater nL
.l!at side Ehnn on the ntilur. C,ntinu~
INK, A>tr Ct, sHld fine hill u,Id' ron~
>idtruttHl pAs-+'i ii would h~ the t1r'%'
ti:>u.trnu~ thing fer he inin,tr- THAI
coult i4nIlmn and "hu'd deprive them
Ut their sy.tem # rxr1tngr. Atdritl'
SAID 1t Wu,tit tn he All over t.tftnate
tn ~ that ovG' $1,000 ,thn' wtr+ III In
ChIctxn III margins ut IT. time.
Attrictt >ntl # tile 90 .utni::te wh''tt
report the httt doing away with tirtlt~
ious >;.les, he tEuught there WAS no
t}nuM II wnuld meet t"+ appreciation
of he n,enbere of The Chtcngr oart!
OF trade. 4. j. Sawyer. one OF ,ht
largest elevator n,en III M'nneupoIi.,
sutu be would tunke 10 attack "n th'.
bill, but leforr The rrt'ert niethud ot
handling EiAiu Wn> DESTROYED, l|e
would u=k The committee I devise
SOME sut'-'it&' t hy wtli'h | c'Mtd be
better bundled.
Sawyer a;,pea;td to tile Committee
not to kuck away the unde1pi1niug
hy which wheat n,etchanss, jike HIM
stlf. protected themselves trom lossss
without giving them IN its pltc: soule~
thing equally ~ goon.
Tie conl1uittce To-day received a
protest against The pnsnag- Of the
Washburn bill reIetIng to that subject,
from the New Orleans cotton ex-
change. TIE document maker dis
ttnction between FIXTURES" and Top,
tions." comm My known as "puta and
calls" which are characterized al
nothing more or less than Wages. II
is further asserted that futures strvt
~ restraint 10 serious declines iu
time OF depression.
TIE PRESIDENT PREVAILS.
The confirmation by the Senate to-
day, of the nomination Of james II
Beattie to tie district judge of Idaho
marks the termination tn favor of tht
administration, Of Il struggle laetine
nearly II year with the idaho senators
MIR. Beattie WIS nominated Feb. lot
Of last yea; in spite If the protests o
Senators Shoup and Mcconnell, VIII
/ sought to convince the Pr stlent lha
tho nomination would not he uccept
able tn the people of Idaho The op
position w:.s able to prevent actio.
upon the nomination during The feq
weeks that remained Of The last ser
sion of the Fifty-frst Congress. T.re
days n'str the adjournment o( con
gre-s, however, the President appoint
I'd Realtlt+ to the iudgeahip and hi
nomination was one of the first to h
rent to the SENATE at the beginning T.
the present Congress.
Again tlle Iuaho senators resumes
1T cir opposition TO the nomination
and for ll+nrly yeur Judge BeAtti
has been decharning the functions {
hta ,tf}na in Ttluhu u,,n Toiif1rnj II
His decision has been sustained When
ever au appeal haa t'o-n taken tn tn
superior tribunal, and It WAS not DOE
sibie to pick any flaws In his Jniiutt
career. Tit St tacts naturally had til
effect of Il favorable determination an
tht senators soon found several I
tlltir republican colleagues, who ha
been ia sympathy with them las