The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-02-01
THE kNTl-0P!,JNS BILL.
it Finally Goes Through the Ma
tional Senate.
PROVISIONS OF THE MEASURE.
1t Is Designed Only to Prevent Gam
bling In Food Products. and VIII Not
Interfere with Contracts Made by Farm
ers for Future Delivery.

WASHINGTON, Feb. 1.-The senate yester-
day got rid of the legislative incubus un-
der which it has labored since the first day
Of the session The anti-options bill reached
the point at which voting uegan at Is d.
M, and after the defeat Of the amendments
offered by Messrs Villas and George the
bill was finally passed by vote of 40 to
20. There We're many members of the
house of representatives, at times almost
as many of them as there were senators,
present in the senate chamber during the
votes and the preliminary discussions of
the bills, and the deepest interest was man
ifested in the proceedings as well on the
floor as in the crowded galleries.
The following is the vote in detail:
Yeas - Nessrs. Allison, Blackburn, Call,
Carey Chandler, Cockrell, Cullom, Davis,
Dubois, Faulkner, FELTON,, Frye, Gallinger,
Gordon, Hale, Hansbrough, Hawley, Higgins,
Hunlon, Irby. Kyle. Mcmillan, Manderson
Mitchell, Morgan, Morrill,, PETER, Perkins,
Pettisrew, Proctor, Sherman, Shoup, Squire
Stockhridgc, Teller, Turpie Voorhees,, Wal
thall, Washhurn and Wilson-40.
Nays Mcssrs Berry, Blodgett, Butler, Cnf-
fiery, Cameron, Coke, Daniel, Dawes, Dixon.
Gibson. Gorman, Gray, Harris, Hill Hiscock
Hnar, Jones ark, MCPHERSON. Mills, Palmer,
Platt, Pugh, Ransom, Sawyer, Stewart, Vest,
Villas, White and Wolcott-29.
: The bill is the one passed by the house of
representatives on June 0, 1872, with var
ious senate amendments thereto. The first
section defines the word "options" to mean
Contract or agreement for the right or
privilege to deliver, at n future time, or
within designated period, any of the ar
tieles mentioned in section B.
The second section defines futures to
mean cOis.ract or agreement to sell and
deliver, Mt a future time, or within desig-
mated period, any of such articles when the
party SO contracting was not the owner of
such articles, or had not agreed for right
to their future possession. The act, how
ever, is not to apply to any contract to
supply national, state or municipal govern
ments with any of such articles; nor to
contracts by farmers or planters for future
delivery, nor to agreements to pay or dc
liver part of the product of land as com
pensation for its Use or as compensation
foc work or labor done or to be done on
the same; nor to agreements with farmers
or planters to furnish such articles for use
or consIimpton-provide that such con-
tracts or agreements shall not be made or
settled for on any board of trade or legsla-
ture.
The third section specifies the articles to
which the bill is to apply as cotton (raw or
unmannfactured), hops, wheat, corn, oats,
rye, barley, pork, lard and bacon,
The fourth section imposes Special taxes,
as follows: Dealers in Options or FLU
lures" at $1,000 year license fee and 5
cents a pouiid On cotton, hops, pork, lard
or bacon, and 20 cents "A bushel on grain.
Sections 5 to IA relate to the details for
enforcing the tax aud section Ii provides
that the act shall take effect oil July /,
iS.3
The Chandler resolution requesting the
president to enter into negotiations with
| the commissioners from the provisional
government OF Hawaii for annexation of
the islands, was taken up and pftcr brief
discussion was laid aside without action
the ar.i-optd0i,, bill pushing icout OF the
way.