New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1892-10-05
TIE GREAT SENSATION.
SOME FACTS CONCERNING THE
=OLCOTT PAMPHLET.
The Fina' ciaI Adventurersa ndcom-
mission PIcK-Pockets OF the
Chicago Board ofTrade Are
the Blood-Suckers Tho
Are Sapping The Life
Blood OF the
Farmer,

L u + Il i
Farmer.
The most profound political sensa-
ton OF the campaign of 1892 thus far
has been the publication of the VOL
colt Pamphlet entitled ga Gigantic
Conspiracy" It processes to give
facts, figures and proofs generally es-
tabllshlng the existence of a con-
spiracy against the farmers among
the grain dealers and milling compan-
les OF Minnesota, whereby the produc-
ers are yearly sWindled out Of thous-
ands ofdollars.
That the farmers are swindled and
robbed goes without saying. Who is
| the robber? is the. main question to
be settled. For tRe past ten years
| Minneapolis and Duluth have been
sapping the grain trade of Chicago.
The laws governing the trade in wheat
have SO ordered it, that practically
all OF the hard northern varieties OF
this great staple have of their own
| volition been finding a market at
Minneapolis and Chicago. Such wheat
| as Chicago now receives in her ele-
vators consists of the soft southern
Varieties-an interior article in the
worlds markets.
| The big Board of Trade in Chicago
has thus been compelled to
! sell the chief product OF the city
| by the lake-wind. Option dealing
| has taken the place oflegitimate trade
in actual wheat on the Chicago mar
ket. This Industry" of selling wheat
they do not have and purchasing
wheat they know they cannot get has
been a very profitable one to the
| financial adventures and commits
sion pick-pockets of Chicago. The
| Board of Trade men have pocketed
| pretty much all the profits of each re-
curing crop OF wheat, and smiled at
the innocence OF the northwestern
farmers, who allowed themselves to
be despoiled and robbed, year in
and year out, with never protest.
Finally the Hon. w. D. Washburn,
United States Senator, from Minneso.
| ta, determined to make the effort to
compass the defeat of the Chicago
commission men, by causing law to
bepassed making option dealing-or
buying and selling that which did not
exist-a penal offense. Early last
winter, in pursuit of this object, Sem
ator Washburn introduced his we'll
known "Anti- option bill'' in the SEN
ate of the United States Some weeks
later, Mr.. Hatch, a member OF the
National House of Representatives
from the State of Missouri, introduce
ed a similar measure in that body.
Senator Washburn and Representa-
tive Hatch, later on, met and COM
bined the essential features of their
two bills into one, and then proceed
ed to combine every influence posi-
bic for the passage Of the joint bill.
No bill ever introduced into Con-
gress has produced the opposition
provoked by the Washburn--Hat
''Anti.option" measure, INTRODUCED
into Congress- in the interest of the
farmers and producers of the nation.
The bill prohibits dealing options,
covering wheat, oats, corn, pork, cot
ton and other farm products, and,
under it's provisions no man my pur-
chase, or sell any of these fruits of
the soil, unless the articles so sold or
purchased are actually in sight, and
absolutely owned by the man who Of
fers them or any of them for SALE
Under this bill "wind" is no longer
recognized as a commercial commod-
ity, and all dealers must first purchase
the articles from the farmer
and own them before he offers them
for sale in the open market, other
wise he becomes common criminal
and is liable to be prosecuted and
sent to the penitentiary as a violator
Of the law. ..,-a
Its introduction into Congress
brought on an army of agents and
attorneys from all the large cities of
the land to the lobbies of Congress.
Every option chamber in the nation
had one or more attorneys in Wash
ington. The Chicago Board of Trade
was especially active. It opened g.
barrel ofmoney right under the dome of
the capital, and proceeded to endeavor
to defeat the passage of the bill .by the
most open and lawless bribery. The
press was subsidized, and characterless
and venal writer's saIaried to Islander
every representative of the people
in Washington who pronounced
in favor OF the bill. Lobbyists waited
upon members and senator's, using
all their willy and seductive powers
to secure votes against it.
Senator Washburn was particularly
singled out for the malevolent shafts OF
these corrupt hirelings OF the brazen
gambling houses. He was accused 10
having wasted q fortune in gambling
at options, when the literal fact was
that he had never lost a dollar in
gambling in wheat during his entire
life.
The bill passed the house of repre-
sentatives by a vote OF almost two to
one, and came to the senate during
the closing days OF the session-too
late to force action upon it before adj
journment. 1t is on the senate calen.
dar for final action early next session
and will finally come up for a vote
upon it's passage in December or Jan
uary next. The almost absolute Ger
tainty that this great reformatory
measure will pass the senate and be-
come a law, has driven the option
gamblers wild. They have SO long
4ho So, IL -.Ll.