New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-02
BUSINESS MEN UERE PREPiRED.
THEY CONDEMN TnE ACTION OF TIE SiNATE IL
pANAlNG TIlr ANTI.OPII Is NIL.

THEY C0NnrNN rHE ACTION 0F TIE SiNATL IN
PASSING THE ANTIOP1I ~ pILL.
The members 81 The Tr,fucc and cotton Exchanges
had .r thoroughly discounted the erect 81 we passage
~ tie Auti option I'LL by the senate. that Tier" Wa
no decline In quotations ycst'rlHy. In met WSh'r
ngi.r,-- th" rule. owing either {" confidence" That
She l.ll would not become law 10 foreign reports
Wheat op ned II q cont buShcl higher than the
close Of Ia, Jay. and advanced j-H % II cent on
cllque buying. Cotton Op"nci three To- slN point
M and declined four ir.nt-. but closed al
a net advance 81 four - Gv" points. Rcpor', wer"
received from Liverpool before III" opening Of the
EAchangc Tint prices were kept mp there. some ac-
count, attributed The SD, thrr, 10 belief that ~"
Anti-oplion bill would not become law. Others 70
report, that tn Llvcrvoc! -hc would soon b" settled
The general opinion expressed on III" eNch1ne",
was that the bill would got through the House
for lack OF time II va. said that II II lccom" law
th. cotton irahn: would b" entirely Transferred TO
England. rp;h exchanges sent committee, 70 argue
against the hill when it WAS under consideration In
committees. and have representatives, now In Wash
ngton
Charlie, ". Idc. president Of the Cotton Exchange.
said Yesterdays We are all much surprised and dis
corrar,d At the action Of the senators. We cannot
tell what the fate Of the bin VIII be- II Is simply
question whether or no, It, friends force II to
vote In the House The market Is not much affected
because people don't look upon the action Of thu sen
ntc ~ IN any way final. Tho bs hanging over
"A, has greatly tric~ business Foreigners be-
cvc that II the bill pa-sc, they viii be abb" to buy
cotton cheaper. southern planters have a notion
that Tie bill may help them, and hnve not been anxious
70 force sales II the bill pa,,cS 1t Will practically
ruin the Cotton EAchancr. They told In Wash
ington that nothn, would be done to inurc legitimate
business. but they have changed TO strike direct
blow, at the exchanges, and they intended to strike
them"
Henry licnz said 81 expected that the bill
would pass the senate Il vote were reached. but
believe IT will not pass the House. The market was
kept up by Liverpool 1t being believed there that the
strike woull soon be- settled. We wired to Liverpool
last night that there good chance that the bill
would not become n law. 80 the effect there
wa, SLIGHT. 1t Is amazing 10 foreigners.
They keep asking IL II It can be possible that an
attempt Is 10 be- made 10 overthrow established busl-
ncs, methods in all over the world. They are
theoretical and practical business men, and they look
upon the system Of the exchanges settled business
principle II the bill becomes law this viii cease
To be- "A cotton trading centre. Al the business VIII
90 to Liverpool and the prices will be fixed there
Edward Amman. Of the Produce Exchange, remarked
II they make such a law as TINT they can do
anything. believe II Is unconstitutional lOu can't
overthrow a mans right to do business in regular
universally recognized way"
The AnNOptlon bill passed by the Senate
said Henry Clcws, is about The most reche,, and
vicious piece Of legislation besides disrcgardf Of tho
commercial interests of the Nation. which have ever
known to obtain recognition by that body 1t Is on
a parity with the Prohibition Cold bill which became
%a,ional law during the war period the effect VI
which was exactly contrary 10 what the statesmen
and politicians expected ln,tcad Of gold going down
n, intended II advanced 100 per cent within twenty
four hours after the law was enacted Thi, struck
terror IN the halls ~ Congress and The following day
tn. repeal 81 It passed by unanimous vote In
bo,h ,cnac and Iou.e. Tn" AntOption bill occupies
"A similar position. should IL ever become "a ia"
farmers. whom the supporters OF the profess
- benefit thereby. win be- the real victims and the
one, most seriously hurt by it, operations and
will be benefited excepting the great milling companies
such personal legislation IS 10 be- deprecated ~ II Is
CcrfnlnN dnpOrailr.