Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-14

The Anti-OptiOn Bill--GOvern-
ment Positions.
IBy telegraph to the Dispatch.l

[By telegraph to the Dispatch.
WASHINGTON, December 10. SEX
ArF-Certificate Of the election Of cleo
tors for President and Nice-President
were presented from the States OF North
Carolina, Texas, Alabama, illinois. and
Maine and were ordered to be placed on
file.
Among the bills introduced and refer
red were the following by Mr.. Gal
lincer Republican, New HAMPSHIRE Tor
the suspension Of immigration under
certain circumstances by Mr.. PETER
peoples party, of Kansas to facilitate
promotion in the navy; by Mr.. Mitchell
Republican. Oregon to provide for
national encampment of the militia at
The Worlds Columbian Exposition by
Mr.. Cullom (Repubhcan, illinois, to
amend the interstate commerce law.
INFORMATION AS TO GOVERNMENT POSI-
TIONS.
Mr.. Daniel Democrat, OF Virginia
offered resolution calling on the CIVIL
Service Commissioners for succinct
statement of the government positions
that are inside and outside OF the CIVIL
service rules the methods of apphca-
ton and examination the quota oil each
State, filed and vacant; and what posi-
tons are open to appointment outside OF
the civil service rules-the purpose be-
ING to procure in q compact form lnfor-
nation for the use OF those desiring to
enter the government service.
The resolution went over without
action.
Mr.. Vests joint resolution for n COM
mission TO make an agreement with the
five civilized tribes in the Indian Terri
tory for taking lands in severalty was
taken up and debated until . o'clock,
when it was laid aside. Those partici-
patlng in the discussion were Senators
Jones of Arkansas, Platt OF Connectl-
cut, and Coke of Texas
MIR. Teller gave notice that he would
ask action tomorrow on the Presidents
veto of the McGarrahan bill.
THE ANTI-OPTIoS BILL.
At2 T. NJ. the anti-option bill was
taken up and Mr.. George proceeded to
address the Senate in support of it. He
said that there had been much discussion
of the subject since last session, and
that efforts had been made by the vari-
Gus cotton markets of the country to de-
press the price of cotton, based on the
fact that the bill was pending.
lie found himself, representing
cotton growing State, called upon to
meet some new aspects in which the
question had been presented. The peO-
pie of Mississippi were deeply interest
ed III the bill. 1t deeply affected their
interest in a vital point. 1t was alleged
on the part of the cotton exchanges that
the passage Of the bill suppressing specu-
| lation in futures would be disastrous to
tho farmer, but on the othet hand the
farmers of Mississippi and of Alabama,
and other southern States, as well
as the farmers of the West, were so " be-
/ nigbted" that they, with almost one
voice, demanded the enactment OF
measure to prevent dealings in futures
He had examined every argument that
had been put forward in favor of the
present system as practlced III the cot
| ton exchanges Of New York and New
| Orleans, and he had reached the conclu-
sion that the system of dealing in fu-
| lures was detrimental to the interests of
the producer.
PRODUCERS BEING vICTINIZED.
The cotton-growers were every year
becoming poorer and poorer and were
becoming the victims of a rapacious
policy which hGd taken their earnings
and added the amount to the over
grown wealth of men who used their
power for that purpose. There were, he
said, but five great cotton markets In
the world-New York, New Orleans,
Liverpool, Havre, and Bremen
but the New York Cotton Ex-
change, which exercised such an
influence on prices, had fewer ac-
tual dealings in cotton than seven or
eight other seaports III the United States.
Last year 1G5, 900 bales had been re-
ceived in New York, as against over
10000 bales in New Orleans, and
100000 in Galveston, 1000, 600 bales in
Savannah, 500, 600 bales III Charleston,
and about the same number in Norfolk.
MIR. George cited the regulations OF
the New York Cotton Exchange to
show that quotations were not fixed sc-
cording to the actual trading in the
market, but that the price of enid
ding" being ascertained the relative
prices OF all other grades, thirty in num-
Der. were fixed by sliding scale estab-
lished by revision committee, which
met only once month that quotations
for "spot" sales were made where no
sales were made, and so also as to sales
for future delivery; in other words,
that prices were fixed in the New York
Cotton Exchange without reference to
transactions. And New York dominated
and controlled every cotton market, not
only in the United States, but some
times in the world.
NO PLANTERS IN THE EXCHANGES.
AS to the New Orleans and New York
cotton exchanges their members were
composed of factors, bankers, brokers,
and steamboat-owners, but not of actual
planters except i'll cases where they car
ried on other business, residing il New
Orleans, New York, Galveston, and
Memphis, and owning cotton planta-
tons, some Of them as many as thirty.
Without finishing his argument, Mr..
George yielded for motion for an exc
cutive session, and soon afterwards, at
$3.50 p. NJ, the Senate adjourned until
tomorrow.
House of Representatives.
The attendance in the House this
morning was rather small one, the
inclemency of the weather lettering
many members from being present
Mr.. Catchings Democrat), OF Missis-
sippi, from the Committee on Rules,
reported back favorably the resolution
offered by Mr.. Wilson (Democrat). Of
West Virginia, directing the Committee
on Ways and Means to inquire into and
report upon the present condition OF the
Treasury and the future probable reve-
nues under existing law. Adopted.
THE PERENNIAL LA ABRA.
! The House then proceeded to consider