Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1893-01-13

XIV Nilu uSC NuV lIVuty UIIu SNttl IlVlN
it. He hau had the benefit and gained by
II, but a lost sometimes. lie Thought
every farmer ought to buy options to pro-
tect himself.
Mr.. McCuLLOCH said this was neithel
II democratic measure nor u republican
measure. 1t was the peoples measure
Gambling is wrong whether in wheat OF
came a law would have worked to the de
struction of the state Us this dealing il
options destroys the interest Of the farm
ers. 1t is claimed that the passage OF the
WaShbnrn bill will put down the price OF
wheat. The markets We're steady wlcl
the millers are forced to deal in options in
order to protect their purchases of wheat
and the cost of this is charged to the farm
erS and taken out of the price of Their
wheat. They can't tell to-day what the
price will be Tomorrow. 1t may be this
bill is not what we want but we want to
put down option dealing and stop gamb.
ling in farm products.
0Mr. YEGEN said the fact that the head
of the miliers' association is the sponsor
for this bill was enough tn settle it in his
mind. He was against the measure.
Mr.: HOGAN said he believed McLean's
warehouse and elevator bill would give
the farmers all the protection they needed,
and this bill might Interfere with the
elevators and millers to the injury of the
farmers.
Mr.. KELLEY said the elevator and
millers' combine were urging the passage
OF this bill. He knew they were engaged
in manipulating prices and presumed they
would continue to do so more or less. 1t
Is a rule OF the elevators to make their
own prices. They have no conscience. A
farmer goes fifty miles to the elevator
or II mile and when he
goes home he wonders at the
small amount he gets for his summers
work. They q his load and give him
what they please for it; Suppose what he
has lett at home is burned while he is
gone and he wants to buy it back again
they will charge him 10 cents a bushel
more than they paid him for it. Is that
ruling prices? Is that an open market? |
am not in favor of the London capitalists:
l am in favor of the farmer.
Mr.. LOGAN: The leaders of this move
memt nave been farmers. The farmers
organizations and farmers papers have
approved the anticipation bill. The
mlllers' organization favor it because they
are business men and want steady prices.
Inc OIL does not prevent anyone from
selling grain for future delivery if they
have the grain. 1t only forbids gambling
n prohibits men from selling what they
depressing prices. 1t is only necessary to
look over the records of the past to show
how gambling affects the prices. If they
want TO gamble let them bet on the sands
on the seashore. The Inter Ocean, Trib-
Inc and other Chicago papers and the
populist and democratic papers and the
european papers also have shown how
regulated by the law of supply and demand
and not by gamblers. Gambling is not
necessary to success of any interest. FARM
ing and legitimate business interests do
not depend upon gambling, and the farm
ing interests do not demand the co.opera-
Mr.: H0DGSoS: They tell us we are
in the clutches Of a vast COM
blne, and so we are and we want
a chance to get out. 1t is the uncertainty
OF prices which is robbing the farmers
anu gambling in grain is the cause of that
uncertainty; Those who buy are obliged
70 depress the prices in order to protect
tnelr purchases and the farmer is the one
Mr.. DEAN desired to present another
feature. The majority are compelled to
sell in the fall. Under the option system
OF dealing in grain they could sell no
matter how low and protect themselves by
purchasing May wheat and get the benefit
OF holding, besides having the money to
use. He said it was a deiusion to suppose
the u ti.optiOn measure would be a benefit
to the farmers.
Mr.. ELLIOTT ridiculed the idea of
Young 1or measure one day and then
calling it back for discussion the next day.
tie favored the anti-optiOn bill.
there was no millers' combine. No eleva-
tors combine. Buyers would go out and
meet the farmer and inspect and buy his
wheat, bidding against each other until he
got all it was worth. But now one man
likes the prices: That what they would
pay.and ii a farmer was dissatisfied he
could 80 to another elevator. only to he
for they had offered him more than it was
worth. He believed the elevators a curse
to the farmers, and he would be in favor of
wvlping them out. He believed in farmers
elevators and in buying options to protect
their interests, he was opposed to gambling
III wheat and wanted to see the Hatch bill
before he would recommend it's passage.
He wanted the railroad companies to be
compelled to receive wheat at every station
and give their bill of lading for ait and be
required to furnish facilities for handling
It.. That would give a free market.
Mr.. MCCANNA favored the Washbuln
phi. Men who have wheat can sell for
future delivery under that bill as we'll as
now.
Mr.. McCULLOCH said he was sorry to
see farmers urged on the floor of this house
10 engage In gambling. 1t was better to
put down gambling instead of turning
everybody into gamblers. 1t was a shame
that the miIlers were compelled to gamble
IN order to protect their purchases of
wheat Just as the farmers are now advised
to gamble t. protect their interests. The
farmers have been squeezed enough by
the gamblers and they have reason to
think gambling a damage to them.
Mr.. MCLEAN here terminated the dis
cuSSl0n by calling to order as the motion
to recall was not under discussion, but the
merits OF a resolution not before the house.
Mr.: SANFORD moved that copies of the
Hatch bill be laid on the desks of mem
bers before further action was taken. This
was agreed to and the bill wa made a
special order for Tuesday at 4 o'clock.
MI. SIMPSON moved to indefinitely
postpone the motion to recall. This was
lost by the following vote:
Those voting to recall the resolution
were: Messrs. Benedict, Bentley. Burk-
hardt, Churchill, COchrane, Deans, Ebbip-
hansen, Hallum, Halv0rson, Havreyold.
Holiday Horrgan, Hurley, James, johnson
OF Grand Forks, Johnston, Kelly, Larson.
O'keefe, O%ksendahl, Pierce, ritter. San,
FORD, Satterlund, Sivers0n, Simpson. They
Ton. Tufts, Veeder, Wincman. Wishek.
YegeD. Walsh-3.
Those who voted against recall and
1av0rinY the Washburn bill were: Cald.
well, Elliott, Iorgen, Hall, HauQen, John.
son OF Sargent, Levang, I.ohnes, Nc