The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-05-24
EDWIN CHAMBERLAIN.
SAN ANTONIO. TFyAS

ne Encct of option DEALINGS on
Legitimate Business "sS ot
Gentlemen of ,h, re-. ,,
ton. '''e AeAoS bankers Assoca-
,,,.
nave peen honored by this nssoct.,io,
insomuch that ] have boon ,,g,,,s,,1', 80
address van ~, o"en requested to
md .,,s, W. On me question of Options
anu dealing IN futures"
1t will not be nv nurnos., T.,
this ouas,3on fN' fosc IN discussing
mort M, ,..S " give you statistics TO sup
t to.' my views nor Will bore you with the
dry details of figures. ''''
| have po,,oo1 ~
uh "V'.eon III discussing questions
| ""e'c statistics are freely used and ,r-
| ures quoted, thu, they ,o,, fraa,,.' '"' us
| the purpose of tn. .ofb, i"TS,'l.ts serve
that your figures were nnt cor ryl.U" not
+, by a careful selection Of ~ put ny
be turned against Won tiaeim ,hey can
perience in my ow, husinns" ~ rom tN-
may be so used nm. ~ tnH' lisufeS
most Wonderful manner 's VIII Nc IN a
| subject. In dlscussin, ~, ,,rtulh 20 my
| dealing in the Tntnsos =. 1pe0hs ana
here, that 1 shall, lax, 81 ,, mVs 10 STATE
| against the practice ho,b Sg rn s'anJ
| point of view n nd t,iso ~, 'ip V"l Il moral
| firmly bel!ev. ,h, rti. t,le iact that
ncous influence ON tro'3c eNg'ts per
country. interests oil the
| We have. reu.-en,er &, est,
system of connacrcjai ~ M nracuGe, a
c as msn aisr'ra''qral products and siapo
.markar "a oi MONT s,'l'., carlo is not
men, this deaynr In f,'t,Ire ~, sVi it,,',,
has caused nor iiilr uTa "a afa 1mtie anu
disaster to the people Of ,his country
nan an,y,ning ever devised 10y the devilisn
re "ond %,p " w., H., ~ man III
the gambler n CRIMINAL. bui rei,t,a,,,,,
they do their business on small scale
VIZ" ~ tonai i 10 ne honorable member
ulatcs a dsai for snv 16ano hteh,,s ~
wheat for July delivery. or / might bot
ter ,ay o."'' 600 bn.ne!s Of wind. for that
Is an me deal consists 0i.
And YET as memhers OF thus board Of
~, anu OF otler pQafis oi 'raae we
lli'u men OIL we hlRhes' STANDING in thclr
respective cities, men of unlmpeaohable
character of the highest rating CONNER
eiallN, and also in tho supporters Of the
Practice DO we ma men connected In an
executive canhcity with me largest banks
N 9hf country: and gentlemen ,when We
ma TINS conhitfon or nffa.rs is II not
serious enough 10 eau II n9infedly to Your
nI.h'lpn 80 that you VIII not nnlNrcsU-
may M nV'i ''l'n s, o, ahS pra'tT'
country ana on sqcicIyi the Eathnier Is An
"ut'aSt ana criminal Nel u, - a para
g9h whom eoinparea 10 H. ne NOS 'n hstr,,
WHO nave ul,oh me floors OF inherent
hoariS 81 trade ,ried IN "VerN way 10 rum
their leliows ana prlhE niSaSlei upon We
nouh'rN, Su'n 'he.' w, 10 NM W. w.
u nAt-' f''hH'' o. '''''i, -
Will" ono Is an outlaw ne oiher y
memhor oi repu'ap', poaN ann an non
orapie seh'iV''en~So t'es say
w 80, o,., -, ,,,s ,.,c,,,o ,,o,,,,
we hIe 'oiu a'So ''"' ,'''s w ''N' W. ~
no INJURY on lhn producor-how is this
then ia he proved holieve II Is generally
,or,.,ld ma, srnn,v and demand reg,l-
'ohceu'h 'hd' supply ""' "'"''i"' w.
late the price OF any commodity or staple
product Int when You hear or read in
tho ,nar,.at rcnorts Tint Il 900 90 bushels
OF wheat nave n'eh SoId Gu 'Ne '"io"so
board of trade, do You imagine for
minute that any supply has been OK
faci n hushnI of Wheat h.en handled or
is thara In t,l,th ANY don Of hnndlinr a
bnshel?
TO his deal ever intended to handle "a
r,,sbai, IL, Ia, u'hera ,,,as ths whnat ihai
WIS sold and where did Inc purchaser
put it? If the buyer bought for July de-
iiverv whore will lie uut il when he pets
Wmr.e MI MI ,io sn,,.r ,,"t il TO DE-,
liver m .niIyq In fact. gentlemen. look into
the matter and s,e il ether the buyer or
he nailar aver han5iied nm actual hushol
o az ,,l,,at in ,hoir ii,,as % AK Inc en-
cap" SINNER If Mr. Long or Mr. Short
ever sold them any wheat No, gentle
( o,n a,o husbais l ronsisied az ,S,nd and ali
~, , 1nVanh ,or sin,sle h,ishri
of Of wheat, but did serve 10 depress the
marhe, an ,omr re am ana mue bet mbon
w h s tha nrce n,,eht be in JUN and the
se.ling lnuGlin'te,y an II, ,i, hur'.sos
Price PRICE, and obs,Iets The true Channels of
trace. IT., .. 49,. ,,.,.,.,,,, s,a,o TINT
it is in Intended to be an actual delivery
can ohiy say thht ruen u s,at ,,i,o '''''''
Is I ho 'i.S sentlemen When men 70 on the
moor OF an! noara Oh t,a'', W., ,rce ~ ,.iv
stapie pr % where the seldr puts NM
IONS Of bushels OF Wneht on 'nr ia IN he
o eonId by '" amy * Known means Obtain re
sales OF wnlch IRE lsNistt,'t, 10 etn,n,v nm
% 'oplon p sought oo ITO Tor "fu'uTc delivery~
repeat, "nen s"en - I onn' va, ynr.-
speees Of sa an ever devised by man
h az, ,''', ,han tho rambler who SPINS the
fouie,.e VIZ Yorh
Vel me dealer in futures" is admitted
to society. his practice Is allowed by law