The Portland daily press., 1892-07-12

!
ing Options and Futures-The Propo-
sition to Open the Worlds Fair on
Sunday-It Is Vigorously Opposed by
| Some Senators and by Others Favored
With Certain Restrictions.
WASHINGTON, July 11.-Senator PEI
fer introduced a joint resolution today,
proposing an amendment to the consti-
tuition that mo person shall hold the of
flee of President of the United States
more than one term" He asked that it
| lie on the table. 1t was so ordered.
Mr.. Chandler gave notice of his inten-
ton to offer to the sundry civil appropri-
alton bill an amendment appropriating
$3.50, 900 to meet any extraordinary emer-
| gency that may arise between the adj
| journment of Congress and the next
meeting in December, in connection with
| epidemic diseases.
| Mr.. Gray presented the statement of
the Homestead employees for publication
| in the Congressional Record.
Mr.. washburn on Gambling on Change.
| Mr.. Washburn, speaking on the House
bill defining options and futures, i'm
posing special taxes on dealers therein,
and requiring such dealers and persons
engaged in selling certain products to
obtain licenses, said the bill was aimed at
system of gambling of the most
outrageous, insidious and pernicious
character, which brought the most wide
| spread and disastrous results of any
scheme of gambling which the wit and
faculties of man were ever able to devise.
AT least 80 per cent. of all the business
of the produce exchanges and boards of
trade in the United States was of ficti-
| tious character where property was sold
without ownership and without any in
tention of delivery on the part of either
seller or buyer. The great agricultural
products of the country were made the
foot ball of gamblers. Between the
grain producer and the loaf-eater there
slipped in a party saying at what price
the one should sell and the other buy, a
parasite that robbed them both. He as
serted that the prices of agricultural
products were made artifcially and
arbitrarily by boards of trade, most
notably on the Board of Trade of Chi
cago. Mr.. Washburn read letters
from cotton brokers declaring that
is dffG Is astaa deslisae cottos,
Wasburn said he could count on the fin
gers of one hand those who had become
immensely wealthy from manufactures
1t was not the tariff barons or business
men who so absorbed wealth, but the
creatures whom this system of speculat-
ing and gambling had evolved.
Sundays at the Worlds Fair.
At the close of Mr. Washburn's speech
further conferences were ordered on the
naval and District of Columbia appropri-
alton bills and the Senate then resumed
consideration of the sundry civil bill, the
pending question being on the committee
amendment as to the Columbian Expo
sition, and Mr.. Quay's amendment to it
requiring that the exposition be closed
on the Sabbath Day. VI
Mr. Manderson believed it would be
| well to have some portions of the expo
sition open Sunday. He would, there
fore, offer an amendment to have the
mechanical portions of the exposition
closed Sunday.
Mr.. Quay modified his amendment by
making it read, 1.-THE first day of the
week, commonly called Sunday"
Mr.. Pettigrew argued in favor of Mr..
Quay's amendment. Consideration was
due, he said, to the petitions presented
to Congress to have the exposition closed
Sundays. There were over 1900 such
petitions with 2,S25,000 names, against
SIG petitions on the other side with 22,-
5SS names.
Mr.. Saunders gave notice that he would
move to lay the amendment on the
table.
Mr.. Vest gave notice of substitute
for Mr.. Quay's amendment. 1t provides
that if the exposition'is is kept open Sun
days no machinery shall be operated;
that there shall be a cessation of labor
among the employees and attendants CON
nected with the exposition, except so far
as is necessary to the preservation of
order and safe keeping of the articles ex-
hibited. Religious exercises shall also
be held on the grounds.
After further discussion, without ac-
ton, the Senate adjourned.
The Fight Against Free Coinage.
WASHINGTON, July II. - Representa-
tive Stone of Pennsylvania, on behalf of
the minority of the House coinage COM
mittee, has prepared a draft of report
in opposition to the Senate free coinage
bill. The report will be submitted to
other members of the minority for their
approval today. The chief points of OBJ
lection which the report will urge against
the bill are that it is exceedingly crude
| and clumsy in its structure, and uncer-
tain in its effects, that the repeal of the
law of 1890 carries with it the discredit-
ing of $1OO, 100000 of treasury notes out
standing, that though the notes will still
be receivable for customs and dues to
the government, the desire of the peo-
pie to get rid of these, as evidenced