Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-02-01
ANlI-OPTION 4 LAW
The Senate Passed the Bill
With a Rush.
VOTE FORTY TO TwENIY-sINE
ses-fal Amendments Wsfs odsssd only
- Bs Rriscrst In Turn--How
ths Senators Voted.


or bile we're pasAed By toe senate to-
day, add Mr.. Dolpn vas taking on the
proposed Anrexatioa Of the Sandwich
islands when ths sntl-opsson bill vAs
t2kea up.
Mr.. Holcott opposed the b.li - not
sanctioned by the constitution. - VIC
lCus N principse aud - not calculated
10 work beneiit. bat injury. to the 2eo-
pie IA ~ho-e interest lt professed 10 %
framed
lie believed that. II the ball became
AN. the effect would be TO lower the
prices Of agricultural products. and
the clsmors tor ~ repeal would be far
louder tnan were the demands for its
passage. The bsll MAS a iie upon I,s
face. Il vas far more immoral than
the practices AIMED at
Mr.. GRAY, Delaware. areaed on con-
stltas.onal grounds against the bill and
against the George substitute for Il.
Nr. n gyms, Delaware. made an ar
xnmeat "a favor of lie bill.
At3l5 the discusion on the bin wa-
closed aud The ting began Tne trss
vote was On the amendment offered ~
Mr.. Slias 70 strike out OF the George
Sub .titute the words "option and fu-
tures a. nere.n before defined are mere
~ declared 70 ne distractions 10 and
restraints upon cOmneFcs among the
sI1tes and Nitn foreign countries. AMI
- te illegai aud VOID TIE vote wGs.
Yeas q. NAYS 20: 80 the amendment
wss defeated.
TIE next vote was on the Gcorg
susoLtute, when proposid 10 declare
tn- business OF options and fsturrs oh
stables 10. and restraint upon com
merce. AnG TO b~ illegal ana void. l.
va srl-cted--yeAs. -; nays. 81.
The question VAS on the passage ..
the ball.
The Bin Passes
Mr.. Mills moved as an amendment,
tne insertion OF n provision tnat all sill
yer bullion purchased for the govern
ment shal. he delivered and paw.
ment therefor made on the
CAV Of the purchase. or tns
next dsy thereafter. sThe amend.
ment ~zs reisctel wltaout the yeas aud
nays Mr.. Mil.- moved another Ament-
ment. Ia insert section declaring that
who shall enter into any COMMISSION
or agreement % tx the price at winch
gram shall be hougnt or sold IN any
market Ia The niled states. or 10 pre-
vent competition IN the sale or pur.
chase OF grain, shall he guilty OF ME
demcsnOr aud te subject TO fine OF
$1,000. lie mod ted u 30 as 40 make
Il Apply s,so - cotton or 10 other agri.
cultural prpinct-- Tns amenimcri
wa@ !sctsd-yess. =; nays, Il.
Ar. Power of Montana moved 70 ia
eiuds silver bullion among the articles
20 when the ball snail apply. Rejected.
Yeas. 2l. nays. "a.
Mr.. Wolcott moved 10 include pstro.
lsuai snd - products, certificates rep
resentiug the same. high wines, spirlt'
and saiskies. Rejected without = d.
yi-sou. Tae bs!. wss then passed. Yeas
a.. nays. -
rh~ Vote.
The following - the vote in detail.
Yeas Nessrs. Allison. Blackburn
ealia. Carey. Chandler. CocSrell. (ul.
ION. pav... Dubois. Faulkner. FELTON,
Frye. GAllingsr, Gordon. Hale. Hans
brouxh. Hssiey. Higgins, Hunton
frfy. Kyle, Mcmillan. Nsndefsoa
Ntcneii. Morgan. Morrill,. fefier. Perk
sns. Prltzrrw, Proctor. sherman
-aoup. SECURE. - ckhfidxe. Teller
Iurple. voorhees,. Ws.tham. Wasnburn
ara Wlispn-i0.
Nsy.-Nessrs. Ferry. Bloigett. Butter
gtferv. cameron. Coke. Daniel Dawes
Sxnn, Gibson. tormsn. Gray. Hsrr.s
ffd. Hi~cock. Hosr. Jones Arxansssi
Nerhersou. Nils. Fsinrr. Pistt, Pagn
Ransom. sawyer. stewart, Vest, Nila-
wht- and Woicott--29.
Psrs ~sre anoounced betweer
Nss-rs. Carlisle and Paddock. Aidrch
sni Quay. Bate. and Allen. Jones Ne
vada snd saunders, PsscO and -asey
Vance and Warren.
what the Bln rs
The bill is the one passed hy th'
hnu-r % representatives on Juao =
i-2 WITH various senate an'endmsnt
thereto. The nrst section defines TO-
wDrd 'opf ons' 10 mean n contract o
sgrs-oleut for the right or priviless g
deliver ats future time, or vlthia .
de- xnsted pcrlos. any ot the sriiclei
mentioned IN section three.
Ioe second section defines futures
= 90 mean a contract or aggssuert q
SCI snt deliver a. = future time. o.
within Designated peri0f. any o.
tracing a nos the owner Of such
srtfies or hss not sgreei for a
rxnt u thsi- future posesslen. Ih'
act. fo~eveT - not % apply 10 sns
rontrsct 30 supply nstionsl. state o.
nsunic pai governments With any sOcf
srticles. ror - sxree % contracts hi
fsrusrs OF planters for future delivery
nor 81 agreements "a pay or deliver
part of tns product of the isnf. q
cor, peusston f0r "a uss or "a com
penssbnQ for wnr< ~ laoor done or 4
be isne on the same nor % agree
n,ents y Ga fsrmers Or planters b fur
nish snrb srtcies FOR 1.~ or consurip
uen. provided tsst such contracts ~
.Sreenents snail 11t - made OF - "a .
f,r ca snv hosrt Of trade az eschso q
Ihs thirl secfnr specifies the art
30 when tne BIS u spplv A. cot
-, l~sw or nnnaanfscteTedi. hop.
~rast. corn. as. re. barley, PORK
isf8 sut bacon
- fanrta section mpcers srecis
tars. a. .foi.o~- llesiers n OPT ons 8
f1furas st4i Do8 = Yesr iicenss Zee. an
saets a ranrd on cottna, hops. cork
All ar s.rof. sass - ceats tnsbs d
srsr.
sector. % -. relates - shs asisi'
f,r eaf.rt,ns me tsx ss.i sectsoo ; ) srf
vIde@ At 80 49, snsli ts<e eEeet ol
she ist - 33lv. i>i&
Fssa-. seu,.st>l <sfartsr.
rsr frrrftsrsn tsii wts taer y,
Ne sherman fian rcvea "a nsv
a. ~.ra~sxra hiIi tss q ~ - ss
~.sstitfe ar nishe.t or@,nest sfts