The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-15
|1ATE AGRICULTURAL DEPARTMENT
interests Of Texas Reported Being in po,r.
Futures Condemned this Commis,ior. urss
ia Partly Responsible for LowP Price, "'

rnvItI,- = the farmnr m Ig
| nro,asi. III us terms and excellent in us
paoposiuons but has been va haiio,os
uyyn,nte!llptuously disobeyed because IL T.
| ~ ,n"u ~, me power of compelling apDlica
~, ms condition of affairs certine,
we humiliation OF the farmer an HE en,,,
| PAINT AT tie denial Of the helm that is d,'.,
niln ana makes the law the ieer ana
s so,,b OF me gambler whose swiniles il
49, usnt 20 prevent. This act declares dcli,
ny IN futures to be a inisdemennor mi
,shaple by fine of not less than sIa ror
more than $500 and imprisonment In IN,
| 81, r mSs .nan thirty days nor more than
~ months Ihat 1t has been productive
VI no good results whatever is 10 n lnrpe
| sAteht because those entrusted with ,ho
| eHHccutioh OF the laws through the medium,
, Tbos o' ours do not perform their duty.
| ,r,,s Sv ollicials are either incompetent or
unw iIhhg TO obey statutory requirements
! anu III elther event are themselves amen
bbore ana should be brought TO answer
| before the tribunal of the law mai ~.
nlsNoned them. While | am Of onin,n,
tMd, every gambler is away from h-ma
| WINE out OF the pententiarv and thtn,,
tt thls offense should be made a felony
! instead OF a inisdemeanor I neverthois.sS
also think that the act Of thc Twenf,ct,
i,SEisiature might eventually give some re-
| ~ II so amended az to require district
| ghnEes TO give the matter in special
cnafse 10 tho grand jurics; and 10 rsouirn
| county and district ATTORNEYS 10 arroign
ana prosecute all such cases undnr
| penalty OF removal from office and for
l,llui Z VI lHrlr bOnGS to the State for the
amounts thereof and to make II tha durv
OF the attorney general Of the State. uno1
| sworn complaint presented TO him 10
for tho Ga "a ,o,oo,,o 1'u w. 'fose proceedings
is no oxrttec ~, 80 -, n''u lorneltufs' There
part of nrosncn,S Sugi o,vronctioh on the
nleased however. 10 he able to state that
their duties IN tbis ,, artn mnu neglect OF
ing officers ,e no. pui ny prosecute
ceptlons far snn,o 80 1s', IL, us pressing eX-
untter ~ doaijnrr i ..tonl ~ tlls very
manly efforts In b.b,is u u. re-, nave made
OF tho lno, - N'""'i VI INC supremacy
Since writing tho ,ho,,o -
'"V """Ne my attention
mas neen called to n recent decision on
this subject rendered h, tba su,,ro,,,
court Of Missouri ,,ht.h -
ror,i,,o,,o ., ,.. ""' 80 u'"'"
FI' N"e"Oe anu pun that l insert Il here
with.
"Tbe law noeead h,. ,ho to,-,,,..,,. l..
1897 aae,,,,r,. 1T. w III
a.. ,,,,''s ue"I'"e j" op,iouS on grain
brated case OF Conner Bros G. 90 ~ ,h,.
c,t,, We Co. -. ~ ~ Va ''''S
" H''' &c Diaeh OF tlarK county
Missouri, In decision handed down Tues
day by Justice CAN'T Of the s,iprenro court
rba cnso Z. o,, ,t,,,, -.
- o"s ""io" "'''"S'eu "iue At
UeHtoH' ana IL mas been twice in the SUI
preme court once having hann rarnaudad
for ,r,si
Qh July ~ 1870, Conner Bros. & Co.
Soit Iof the account OF Black, as his
brokers, on the moor OF the Merchants
exchange 10000 bushels OF No. mixed
UHts ut seilerS option for the month OF
oePteHper, lSW Biack put up IN Conner
hahus al different times as margins $1,000
IN cast. from July 81 the market rose
so as TO absorb all the margins and Con-
her notified Back and demanded further
ilarslns 10 carry tne deai through. BLACK
refused TO advance any more money for
margins, ana directed Conner Bros. TO
close out the transaction by buying 10000
bushels OF oats in the st. Louis market to
~ ~ tie .o"'tact. iicIe was !. ,oss aculu-
I.s 10 the Sonher bIVs' IN tne lralsuC
ton they having, as the brokers', sold the
property in their own names ana so they
brought suit in the circuit court of Clark
county against Black Tor s!5i;5l. jung
~ took an appeal to the supreme court,
a decision being handed down by Judge
burgess. IN DIVISION No. q.
in that opinion Judge burgess sall
tnat the missouri isglslature III lSe'
and that section 1897 OF the Revised stat
utoS of lsS9 condemned all such transac-
tons IN grain on marglns Tor tutHrc or
sale or purchase was made by any one for
himself or as agent or broker for another |
Duly Incorporated merchants oXchanses
he said. were exempted from the opera
,lon Of This act. hut In the revision of the |
stntntoe Of iSSG the words Other than a
All, incotDoratcd merchnnts' exchange |
y,,nye drained from inc section, 80 that |
w., NY ~ ~ tsea nnnlied az weil to mer- |
~ nv s.,i ns 10 other exchanges |
'r, ;,,l,. Vent on "a saw that where |
lnr JSSs ,.orn male without any inten- |
IN .'o,,t,,i,,, INA navinr for the prop. |
ron OF ito ,,lrtt az doliwcrod or inc prop-
er'y so Sold when tne setor nv , rUs ON
to nave me lu'i ,s nont,oi u ia deliver on
s,,ob snia or when the party buying or |
offering to buy does not ln.eha ss ay'u s',nb
10 %, r,stto,,s are defined TO he gambling
and unlawful.
The court found thai S J,h no, n have
M a .ne on ny hand and that BLACK from
his own testimony said he did not Intend
to receive and ray lor sI RIOS nould not
ln man IN 1 ibo loss which they sustained by
reason of their being compelled TO ouy
100000 bushels Mt loss ana rever ,h h IA
Judgment OF tns low, Low DAMAGES FOR mar |
,,,n ~
.a1,be case was remanded for trial ana
:, 6am a. came nm In the circuit court Bla,h
M co,,ntar claim against the lniniihs.
~ rb n he asked TO recover back from
Nom The 5000 he had put up as marg1ns,
'aLin,. tho position that. as the supreme
49, nod stamped the contract as a gam
aa.a1a 81