The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1894-10-20
Anu Futnre Gambling Convention.


rae'"ts. Commissiop Merchants. Bank.
ers, aad all Others Interested m ,Ls
agricultural Interests Of the Conn.
irs:
The undersigned JOINT committee
i'ne Vlessburg Board nf Trade and
the NicksDurg Cotton Exchange do.
slfe TO call our Earnest attention II, a
convention 10 be held in the civ q,
vicksburg, Miss. on the goth day o,
November, with the view of impress.
ing upon the United States Seuaie ibe
Importance of passing the Hatch bin
or some kindred measure at the com,
Ing session of congress. We also An.
peal TO you for your hearty co-opers.
ton. and ask you to use your influence
with Others in your vicinity in this be.
half
The present condition of the Hatch
Oil is such, that with the proper ef
forts by Its friends in the agricultural
State, there can be little doubt of II,
being passed and receiving the sigma,
ture of the president.
IL passed the house by an over,
whelming majority aud there is q
reasonable hope that a majority of The
senators are favorable TO II In i,s pre
scn' form or as II may b. amend
ed to make II more ii, Give.
The work III hand Is 10 secure ac;iot
on ! by said body as promptly n,
possible. While lwo-lhlrds OF th,
senator's may he opposed TO "ruture
gambling" they are some who are op.
posed to attempting its suppression by
The Federal government, aud they
might so delay action on this bill, OF
any similar one, us 10 defeat II. Ii |,
10 guard against thus delay, that thi,
convention OF the people IA called le
meet In the center Of the cotton belt
II should be a large and iulluentia
convention, and It should take such
measures as will prevent the danger
Gus delay to which We have alluded.
In this appeal to the people 10 aid
In suppressing this great evil which
has fastened itself on our commerce
aud agriculture, we can only refer to /,
few Of Its worst features. aFuture
gambling" % II 10 universally termed
has at present the protection of som.
Of our largest trade bodies. II Il
backed by an unknown and vas
amount Of money. 1t has invaded
banking. commerce, add agriculture
TO such an extent, that 1t 10 no exag
geration to state, that more money |,
employed In gambling In some of tn,
exchanges In the citier than Is employ
cd In legitimate commerce.
| SIts pcrnicious effects are 90 serlousl,
felt that IL 10 a matter of grave doubt
whether the law Of supply and de
maud regulates the price Of leading
agricultural products. To illustrate
this We would only refer 10 QUE ex
change. For many years the New
York Cotton Exchange has done littl,
except to bet on the price OF cotton
At this exchange In q single montl
the sales (bets) Of fictitious cottoi
have reached the total Of the aversg,
crop Of the United States, 8,00O,O0'
bales and In one year over 60,000,00'
bales, while the sales Of actual cottoI
during thesame year at New York wer
only $4,000 bales aud the net receipt
of actual cotton at that port were onl,
l07,00 bales. Such bets cannot pos
sibly aid In the rapid handling ant
delivering of cotton, and In securing
its manufacture aud sale 10 consumers
On the contrary, the effect can b.
nothing but evil, aud the longer 1t !
permitted the greater the extent I,
which the evil will be carried.
This is but single illustration. |
there was any way of presenting tn
actual statistics of future gambling II
cotton, wheat, corn, oats and othe
agricultural products in New York
Chicago, st. Louis, New Orleans an,
other cities, the showing would b
such one a. to arouse the people al
over the Republic.
The people are masters Of the situ
alton, but they must unite and acl
When there 10 no longer reason t
doubt the sentiment Of the peopl
their wishes will be enacted into law
will be executed.
In view of the foregoing We hereb.
invite all persons in sympathy wit
the purposes Of this convention to ct
tend, and II Is desired that oil com
munitles be represented.
Senators and representatives fron
this aud other States favorable to tb
movement are invited aud expected.
Arrangements have been made wit
transportation lines for reduced rate
A. Rose, Z. Martin, Z. s. Butts, j. ]
: Cowan, G. 0. Willis, W. L. Wells, /
! M. Harding, B. w. Griffith, Commit
: tee.
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