The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-02-09
THE ANTl-OPTlON BILL
Passed tho United states Senate by a Good
Majority.

| minority.
WAsIIINGToN, Feb. I.-The Senat
yesterday afternoon passed the anti
option bill bya ma IOrity Of eleven votes
= when the bill was taken up, the hours
for taking the votes today were prC
longed- on the George substitute frou
l to p. IN, and on the bill itself from
: to p. m. At 3:l5 the discussion OF
the blll closed and the voting began.
The first vote was on the amendment
offered by Mr.. NilaS to strike out of thu
George substitute the words "optiOl
and futures as hereinbefore defined, are
hereby declared to be distractions tt
and restraints upon commerce. among
the States and with foreign countries
and to be Illegal and void" The vote
was: cas- 81, nays 30; 50 the amend
ment was defeated.
| The next vote Was on the George sub
Stitute, which proposed to declare the
business of options and futures an OBJ.
Stacle to and restraint upon commerce.
and to be illegal and void. It. was re-
Jected-yeaS 10. nay II.
| The question was then on TIE pass
age of the bill Explanations Of the
| reasons why they felt compelled to vote
against the bill were given hy Harris,
Berry, Bate, Vance, Butler and Vest
Several other amendments were pre-.
Sented and all were re lcr ed, some with.
out division. The bill Was then
passed yeas iD, nays -. The following
Is the vote in drtail
Yeas Allison. Blackburn, Call, Ca.
rey, Chandler, Cockrell. Cull0m, DAVIS,
dubois. Faulkner, FELTON,, Frye, Galhn.
ger, Gordon, Hale, IIanShrough. lIaw-
ley, Higgins, llunton, lrby. KYLE, Me-
MILAN, ManhrrSon, Mitchell, Morgan,
Ia bArl, b,i,
Proctor, Sherman, Shoup. squire, = ock-
bridge, Teller, rurpIr, Nnoihres. Wall.
thralI Washburn and Wilson 10.
IS-Hrrry, BIodg"tt. Butler. Caf-
irry, Cameron, Coke, Daniel, Dawes,
Dixon, Gibson. GOrman, Gray, Harris.
Hill, lliscock, Iluar, Jones of Arkansas,
Mcpherson, Mills, Palmer, riatt, pugh,
Ransom, sawyer, Stewart, Vest, Villas,
White and W"olcot %
lalrS wrr" announced between Car.
isle and hadi"rk, Alhrich and QUAY,
Bate and Allen, Jones Of Nrvadt and
Saunders, !aSco and Casey, Naurr and
warren. the hlll ~ the one pdSSnd by
the House of H"nr, SrntatirS on June 9.
1872, with various Senate amendments
thereto
The first section defines the word
"optlon' to ln"an cont ract or agree.
mtnt Tor the right or privilege to deliver
at 1lilnr" time, or thin Il designated
period, any OF the articles mentioned i'm
section s. The second sec: ion defines
"1utureS to n" IAN Il contract or agree.
ment TO sell and deliver at Il future
time, or within designated period, any
| OF SucT articles when the party 81 con
| tracing was i,nt the owner of such ar
tlcltH, or had not agreed for Tn" RIGHT &c
| their future possession. ~" act how
| ever, IS not to apply to any contract tt
| supply national, state or municIpal roy
| ernmentS with any such articles: nor [,
| contracts by farmers and planters roI
tutare delivery; nor TO agreements &c
pay or deliver parts Of the products OF
land as compensation for its use, or as
compensation for work or Labor done or
TO Dc zone on ilnr; nor to agreement s
with farmers or planters to furnish
Sllcn articles Tor use or CONSUMPTION
PROVIDED that such contracts or agree.
mentS Shall not be made or settled for ON
any board Of trade or exchange. The
third section specifies the articles to
which the bill Is to apply, as cotton
ira" or ulmanuiac,urcdD hops wheat,
corn, oats, rye, barley, pork, lard and
bacon. The fourth section imposes Spc
cial taxes as follows: Dealers in "oD.
tlonS' or futures" at - 900 4 wear II .
cenSe lee and five cents Il pound on cot
ton, hops, pork lard or bacon, and tWcn-
ty cents buSlrl on gram. Sections >
to II relate 10 the details for enforciur
the tax; and section H. provides that
the act shall take effect on the first Of
july lS!E}