The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-03-29
CAPITAL NOTES.
ANTI.OPTIONS BILL.

ANTI. OPTIONS BILL,
WASHINGTON. March 23-The anti
options bill as agreed upon provides
that every bill of sale executed at the
termination of contract is to have af'
fixed thereto a 2 cent internal revenue
stamp. The special tax on dealers
options and futures is fixed at $l2, in
stead of $24, as originally proposed,
and the penal bond required co be fur
nished is fixed at $4,000, instead of
$4,000. In the first section, which
defines options, the bill has been
amended SO as to apply to ANY per
son, as vendee, Ior whom, or in whose
business such contract is made" as
we'll as the party acquiring the right
TO sell or deliver to another at tutur3
time, or within designated month or
period. The same modification as 20
the time limit was m ide with regard
to future contracts. Dry sailed meat
and picked meat are added to the
list OF articles to which the bill is t.
apply and flour is dropped thereirom
All options and future contracts and
transfers and assignments therefore
are 10 De in writing and signed in
duplicate by the parties thereto, and
every option contract ia to state in eX.
plicit terms the time when the right
or privilege of delivery or the right of
demanding the delivery otthe articles
named therein shall expire, and every
future contract is to state in explicit
terms the quality and the date> upon
which the article to be sold shall be
delivered. In each such contract the
party contracting or the party for
whom he acts as agent, etc., shall
state EXPLICITLY whether he is or is
not the owner of the article or articles
contracted to be sold and delivered,
or has or has not therefore acquired it
or them by purchase or Is or is not
then entitled to the right of future
possession OF such articles, Any such
contract not including such statements
made and signed are unlawful.
Brokers are required to keep bo) TX
for recording Oh the day OF its eXeGu'
ton the date of option and future con-
tracts, those which may be transferred
or assigned, or other information m
cidental thereto, which book is to be
subject to inspection by the revenue
officers Monthly returns are to be made
to the internal revenue collectors, who
in return, at stated per iods, are TO
make reports to the commissioner OF
internal revenue. Provision is made
tor the preparation of suitable stamps
for the taxes required by the act 10 be
paid Herewith, and for Furnishing
cOunterteiters, and persons violating
the provisions of the act are to be
liable to a fine or imprisonment 10 ad-
ditiOn to the taxes prescribed in this
act.
There were u members of the COM
mittee present and Chairman Hatch
said there were but two negative votes
on the bill, those of the members from
Massachusetts and New Hampshire.
All the absent members he said were
in favor OF the bill.
PRESSURE FOR VETO.
WASHINGTON, March % The stu.
alton at the White House presents one
strong feature of novelty in the fact
that it appears to be the scene OF a
bloodless battle just now between the
congressman on the one hand the large
majority of whom are urging the sign
ing of the seigniorage bill. and tie
great commercial interests OF the
country on the other, for 30 out OF
every 80 of the communications com.
ing from them pray for the veto of the
bill. The congressman have the adj
vantage of personal presence on the
field, but the other side is in evil
dence in great force in the
form of letters that burden the presi-
Dental mail and of kilograms that
come so numerouslv as to keep the
wires hot and the White House oper-
ator occupied to his full capacity.
These communications by mail and
wire are coming from all parts OF the
country and are not, as might be sup
posed, altogether of eastern origin.
For instance, today there were APP
peas for veto from Cincinnati, st.
Louis, San Francisco and Salem, Ore.
Virginia has also joined the line, as
was made evident 10y protests against
the bill from the cotton factors OF Nor
! folk and the transportation Interests
there. A very thoughtful presenta-
ton of objections TO the bill coming
from Richmond without doubt has
made some impression upon the pres
ilIent.
Of course it is manifestly impossible
for the president to read himself in
detail all these communications, but
they are carefully examined by Mr.
Thurber, and any new point or sug'
gestiou, on either side of the case, is
brought to the attention of the presi-
dent. There are all sorts of stories
about the presidents disposition
toward the bill, and some have gone