New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-06-20
TRADING IN OPTIONS.
MR.. HATCH's BILL AGAIN BEFORE THE
HOUSE FOR DEBATE.

SHARPLY ATTACKED BY MEssRs CooMBs AND
AIpRrcH-MR sIBLEY DEFENDS ITwHEAT
GROWERS PROTEST AGAINST IT
Washington. June ls.-Among the bills passed IN
the House to-day was directing the Secretary
OF the Interior to sell at public auction loc"D acres
of nine land on the Chippewa Reservation. Mime
sofa and one 10 surrender to the city OF Newport
KY for park purposes. the old site or the new
mort Barracks. situated at the confluence OF the
Ohio and Licking rivers. The day was emery spent
in general debate on the Hatch Anti-Opton bill
speeches against IT being delivered by Messrs
Coombs Dem " " and Aldrich Rcp, I'D and
a speech in It's favor by Mr.. Sbley Dem. PENN
Mr. Fletcher Rep. Mimi had read letters from
actual wheat buyers in Minneapolis protesting
against the passage OF the bill In presenting them
Mr.. Fletcher said that statistics showed mat lot
five years past at Chicago the average price OF
Nav wheat az n future hal been cents bushe
higher than the article commanded as spot art-
Gle I'm that month, demonstrating the advantages
that futures o the producer
Mr Coombs Dem ~ " was the hrSt
sneaker lie said the depressed condition
OF things, especially in the agricultural
interests which the bill intended to
cure was not peculiar to the United States The
whole world was suffering from the same trouble
and ne believed that the United states was the
most prosperous country on the globe. In an eN-
pcrence OF forty years ne had never known foreign
bill would not bring prosperity 10 the farmer and
was fraught with danger TO other interests Of the
country.
There we're two classes OF farmers. said MT
Coombs-the professional farmer and the farmer
who titled the soil. The latter was not. as usual
thing. Interested in or worried about the Uhhsac-
lions OF boards OF trade.
Mr. SIbley Dem. PENN advocated the Dill lie
CONFUSED the House by relating the visit OF the
Lord to the coast Of Gadara. whore the legion OF
l...ff - IL 1rls afff Of
young whom they had afnicted entered INTO
herd OF s"ne Which Tan dowh r rng Of ,dar9
came out and petiton"i Him 70 leave their coasts
turn And that's what the Chicago Board 81 Trade
would ask II He werc 10 Wait them. fearing A
falling pork market with no line 81 shorts out"
Air siblcy irlfied into discussion q the imam.
he same elements which demanded and supported
the repeal Of the sherman law opposed the passage
How about Coxey7' askei.
"Rather than choose between the financial
vagnres which various ohio people have INDUCED
woods As between the Arctic contracting policies
OF sherman nui Hartcr and tho tropical richness
average temperate zone OF finance. The difference
between Harter AMI CoXcy seems q be. continued
ohio and was elected 20 serve twenty days In jail
while Har'cr vas elected - comc 70 W@ssn,nEton
serves hir country best. God knows don T.
daughter.
under the characterization OK silver as Dismal
swamp AMI the brush was welded with artistic
effect lie was interrupted By his colleague. MT
Robinson (Rcp Penn TO ask II the Dismal swamp
he had been describing was the one In which Presl-
dent Cleveland had recently been nshing
Mr. Alirich REP M In whose district the
Chicago Boars OF Trade "a located, was the next
speaker He had ,or years been member on the
board ana spoke from the standpoint Of expert,
cnce lie defined trading IN futures, which me Dir
sough; - restrict. II not 10 annihilaic entirely
and asserted that Il Injured 70 the benefit ~ the
producer Whether not the farmer model pro
lection from. his friends. as Secretary Morton DC,
cAred. Mr. Adrich said that he knew that ne ~
not need the restriction Of markets for his products
which this bill would inevitably bring about