The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1894-06-28
HATCH HAPPY.
Tho anticipation Efl Passes the House by q
Vote OF 1SO tn 81.

Vote OF $50 to 81.
WASHINGTON, June .3..-On q votc q!
$50 yeas to 81 nays, the house Friday
passed she anti-option bill of 8lr.
Hatch, of Missouri This bill, which
It's author claims to be in the interest
OF farmers, proposes to tax all spccu-
lative transactions known as options
and futures" I:v taxing thesc DEAL
ings an excuse is uinde for the exercise
of Federal jurisdiction, and tho meas
ure is thus given ths. classification Of a
revenue bill.
While the avowc.l purpose is to de-
stroy gambling in farm products, and
thereby enable the farmer to realize
the profit on his product now alleged
to 60 into the hands of exchange rob
bers," the imposition Of the tax really
supporters characterize as gambling.
The revenue which would be produced
from the proposed tax has been care
fully estimated. AMI, based upon the
quantity of grain handled at Chicago
and New York lust year, it would not
reach $4,000.
Mr.. Hatch, closing. his advocacy of
Che measure, said the bill was not in
tended to be, nor was it believed to be
panacea for Hll ills, but it's friends
and the farmers of the country be-
lieved that its passage would remove
one of the causes of the depressed
prices of grain and cotton prevailing in
the markets of the United States,
which, in q large measure. controlled
the prices Of the markets of the world.
Mr.. Harter dem. o. came in for a
lively excoriation by Mr.. Hatch, near
the close of his speech. lie spoke of
Mr.. Harter's invitation to come and
sleep in his political bed, and an
nounced his refusal of the invitation,
saying he would rather sleep with a
rail fence.
"I would trudgc in tho heat all the
way 70 Georgia." said Mr.. Hatch, and
crawl under the covers with Tom Wat
son rather than to stretch one limb in
the same political bed with the gentle
man from Ohio" daughter.
passage of the bill. 1t was announced
yeas $50, nays 81. Present and not
voting, /.
This result was reached after two
hours consideration of the amend
ments to the bill, under the flvc-min-
ute rule, and an hours speech by Mr..
Hatch. the author of the bill summing
up the arguments in it's favor.
In committee of the whole an amend
ment offered by Mr.. Boatner dem,
Ia.) providing that the bill should not
apply to transactions where delivery of
the articles traded In was intended and
which arose in due course of business,
failed of adoption by tic vote.
An amendment was offered by Mr..
Aldrich (R., Ill., to include trading in
-four within the provisions Of the bill,
and m amendment offered by Mr.. Cox
o., Tenn.) amended on motion of Mr..
Lacy R., Ia.) exempting from the pro-
visions of the bill sales for future de-
livery by the owners articles, or his
duly authorized agent, and re-
lieving the seller from liability
where failure to deliver the article
sold was due to failure in trans
portation or other fault, if a common
carrier, beyond the sellers control,
were agreed to in committee of the
whole. But in the house the latter
amendment was rejected, go that the
bill Us finally passed was the bill that
camo from the committee on agricul-
ture with the single addition of flour
to the list of articles which may not be
traded in