The Greenville times., 1894-11-24

Who are large dealers in futures, shows
clearly thai prices can be controlled
by such gambling transactions:
-If any market for contracts (eot-
ton fasuresl smaller than ours, should
Attsmpt TO sell down prices OF cotton,
dealers in New York could within .
few hours buy all they had to sell II
they attempt to advance prices against
quotations in New York dealers, here
could within twenty-four hours offer
to sell more cotton than they could
buy.S
We indignantly repudisie the inso-
lent contention Of these sehemers and
gamblers, that the producer obtains
through such transactions . sLeAdier
and more wholesome market, and on
the contrary assert the belief that
great good would result II the whole
brood should be prevented from pur-
suing their nefarious occupation and
compelled to earn their livelihood BY
honest and legitimate methods. The
nature and magnitude OF these gam
bling transactions that 30 affect and
distress our people, are such as TO
make them 9 national evil, and In the
judgment Of this convention, oil the
lawful powers Of the Federal Govern.
ment should be exerted to extirpate II
root and branch. We venture to ex-
press the belief that the congress OF
the United States can find SEINE means
to give US relief, and the hope that
the distrsssful conditions that environ
Us wifi urge our law makers to give
our needs their sympathetic and
friendly consideration.
Resolved further, That we most ear.
nestly appeal to the senate of the Uni
ted States TO take prompt action upon
the bill on this subject lately passed
by the house Of representatives,. and
either sgree to the same or to SONS
other measure, SO that suitable aud
efficient legislation may be enacted by
this congress before 1t expires In
March OF nsxt year.
Resolved, That copies OF these reso.
luli0ns be sent 10 all members of the
senate aud house OF Representatives, |
In his remarks Mr.. Catchings OK.
planned away the campaign psryer-
'ions Of bis record on the anti. option |
questions; showing that this was
worked through misuse of bis
Fotc against the original and
utterly Objectionable Hatch bill.
How effectively be supported the
measure, IS best proved by
he following, the close Of a letter he
'eceived from Mr.. Hatch tho day after
he convention. which too late TO
'e read before that body as the writer
|esigned, has since been published iu
he Vicksburg papers. Its perusal 10
ommended to those who were misled
D this Particular
The measure now pending IL inf.
itely stronger aud better in every
ray than that of the fifiy.second con.
ress. 1t Is based on surer and broad.
r constitutional principles, aud has at
. foundation the indisputable and
Ime.honored commercial principle ,
nat be who sells q commodity for a {
xed price, to be delivered at q future |
me aud stated place, shall be CON- |!
elled 10 make actual delivery of the :
sold In good faith and not .
e permitted by board of trade prac.
ces to evade this cardinal principle |
oil legitimate contracts, TO the great [
etriment of commercial aud indIvld.
al rights.
My regret THAT | cannot attend the
invention is doubly increased by the u
ct that | cannot personally testify 10
10 good people Of Mississippi, and J
pecially your immediate constitu- I
It's, how actively and cordially you {
ded and supported me in bringing
q bill of this congress before the
'use, ahd also pending Its considers. IL
IN aud final passage. q
Please read this letter 10 the con-
ntion as my apology for not being
10 to accept the invitation which
much appreciate.
With warm personal regard and
teem, am,
w.. - -