The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-06-25
DISCUSSING "FITURES. >"
Representative Sibicy Entcrtnins the
House for Three Hours.

Washington, June In the absence OF
Speaker Crisp, Representative Bailey was
appointed speaker pro tenn.
The house proceeded, in committee of the
whole TO the further consideration of the
anti-option bill.
Mr. Coombs, of New York. was the first
speaker in opposition to the bill. lie said
the depressed condition OF things, especially
in the agricultural interests which the bill
was intended to cure, was not peculiar to
the United States. The whole world was
suffering from the same trouble. and it IS
believed the United State. was the most
prosperous country the globe. In an
experience of forty years. he had never
known foreign markets to be SO depressed
as they are now. The bill would not bring
prosperity to the farmer. but was frausht
with danger to the interests Of the country
Mr. Sibey, OF Pennsylvania, advocated
the bill. He convinced the committee by
relating the visit of the Lord to the coast
OF Gadarene, where the legion OF devils
which he drove out Of the unfortunate
young man whom they had afflicted. en-
tered into herd of swine. which ran down
the steep. into the sea. Whereupon, the
board Of trade of Gadarene came cut and
petitioned Him to leave their coasts. And
lie did" said Mt. Sibley. never more to
return. And that's what the Chicago board
of trade would ask If He were to visit them
fearing falling pork market with no line
of shorts OUT
Mr.. Sibley drifted into =. discussion OF
financial relief and called attention to the
fact that the same elements which de-
rnanded and supported the repeal Of the
Sherman law opposed the passage Of this
bill.
How about Coxey?" some one asked.
Rather than choose between the imam
cial vagaries which various Ohio people
have INDUCED in," answered MI. Sibley. /
would take to the woods AS between the
Dcl;cAs Sherman
IIarter and the tropical richness of Coxey's
schemes. I prefer the common sense aver
age temperate zone of finance. The differ
ence between Harter and Coxey seems to
be-" continued Mr.. sibley, that Coxey
came to Washington from Ohio and was
elected to serve twenty days iii jail, while
Ha~ter was elected to come to Washington
and serve two years in congress. Which
one serves his country best, God knows;
I don't know" Lsughter)
Mr.. SihIey pictured the country under the
decentralization OF silver a dismal swamp,
and the brush was welded with artistic
eject. He was interrupted by his col
league. Mr.. Hatch'S recent suggestion that
the nopuist candidates for president ana
wee president in 1856 would be Teller and
Sibley was recalled by the close Of Mr.
Sibleys speech. He said that il his party
abandoned the principles for which he
stood, and that were inscribed on the ban
ner of any other party, whatever its name,
he should follow that bapner. and if no
party championed them "Why, them" said
Mr. Sibcy, Il shall return to the farm
and be a party to myself"
MI Sibley spoke nearly three hours,
time being granted him by Messrs. Alex
ander, of North Carolina, and Pence, OF
dorado
Mr.. Aldrich, republican, Of Illinois, In
whose district the Chicago board of trade
is located, was the next speaker. He had
for years been q member Of the board,
and spoke from the standpoint OF ex-
perience. He defined trading in futures,
which the bII sought to restrict, il not to
annihlate entirely, and asserted that II
Injured to the benefit Of the producer
Whether not the farmer needed protec-
ton from his friends, as Secretary Morton
declared, Mr. Aldrich said he knew that
he did not need the restriction OF mar
kets for his products which this bill would
inevitably bring about.
Mr.. Fletcher, Of Minnesota, had read at
the desk communications from dealers in
and handlers OF wheat in the northwest
protesting against the passage of the bill
These writers gave statistics show tfat
farmers and producers were largely bene-
hteG by the practice OF dealing in futures
1t was also asserted that wheat in North
Dakota today was worth as much to the
producer as 1t was ten years ago.
The committee rose at 4 :55 O'Clock and
the house then adjourned.