The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1898-06-29

option gamblers, by t6imbIe-rig2ipg
either the committee or t2eqUota:ionS
levy tribute vEon the stomach or
.he back OF sveEy consumer IN the
lard at the same line :has they take
sway from the farmer the fruits cf
lis honest toi3
LETTERS TRANSACTIONS
BI3 il is claimed that Lister
merely 5cught &ctua! wheat and again
At = profit, rs be rad right to dc.
He DID buy ard ssh actual wne2:
that is true T.:a. he only did
what ho4est tI&Gesn.e1; DO every Gay
IS Gisingeruous IS we'll As false. He
bought actual wheat only alter it be
came necessary in order 10 secure the
winnings on his oU;staL ding bets and
to multiply his winnings. Af.er le
0Sd ioycsG tbs price up 10 II cents by
fixing t2e quotations, it occurred 10
rim 10 buy uo ali the actual wheat IL
sight ard then take advantage Of his
aatsgc4js:s. He had 8 corner o.
gambling coI tracts. L h5 should Get
O. c3rner ca &cjuaI wheat and then &c
m41Q wheat Instead OF iGe winnings
aeresd upCn, he could force the price
up io&giui.ely. Tcat IS precisely
wAa!he did; and tn5 Cry Of hungry
cmidrsn was heard IL this land Of
2lenlv because they could not pay the
demands of this cQ.ion gambler. TIE
same IS rue n evsey respect Cf deals
Il cotton &Ed other sub cts CT option
IaGJ Eij:g +"
DIX he farmer get the beneti! oi
nigh prices when The bulls gel conuo!
OF me excAange!'
"Pcobaoly one cut o. z hundred
dccs. sad he IS ap- 10 pe The enc VINO
cou!U hes! get along without il. l. IS
:. act EUrusd in;o Ike memory Ct CIR
cs.s0a growers every year tGat the
gamblers IL c1ltou force TIE prics
toHn IL The fail after The bulk CT Inc
farmers have sod n The spring, up 20
.da prices. Tne same is true yearI
and year out OF ali the crops tG2t are
gSmo.td dowa 10 suit :he interest 0.
tbs option dealers. Iou noticed /
suppose tnat Letter goE out OF the
wheat pit and lei the pr;cs collapse
before The frs. carload of new whsat
go: to Chicago
Bo. suppose the farmers were to
get the benefit OF nigh prices every
Tine the bulls get IL control The
history shows tnat there has no sUch
thing occurred on the grain exchange
siGco the lime OF OLD HutcG, and
uone On the cctlCD excaance since Ia.
man operated similar deal n co.
ton. All these other years the eX-
changes nave been ia the hands o;
BEARS IL the fail and the bulls IN the
spring. The mass OF the farmers have
10 sell in the fall. They can't hold.
Ard SO in this instance, tie COTTON
farmer is ground between The upper
I'D the nelner mills:one. The bears
are in control OF WA. he has to sell,
while the bulls are II control OF what
he hes 10 buy. This is the culmlnaling
iniamy OF the system, and i ahCGlu
&c stamped cut utterly.
Il Introduced bill last December
.ha: is the result OF several years
study OF this question. If all the pee
pie interested IN fair prices based upon
actual supply and ac;usl demand will
get behind this bill It will bs made
law. When ! say people interested
that means both consumers and pro-
ducers, both are robbed under this Vi
cious system.
1T is an outrage that any man CT
body OF men should have absolute
control OF the prices Of the product Of
another. It IS infamous when such
power IS permitted to gang OF option
gamblers. TIE mere possession OF that
power is g menace to the bUsiD ess al
fecled BY i. The possession Of power
is tie .U&rantee OF the exercise OF tha:
power. Il will be SO as long az water
runs down hill and aYarice aoiGes in
the human bcesst. The law OF the
land should make the. POSSESSION OF
such power impossible. II both cor.
Sumers and producars-.he honest
toiIers OF the land-Wi!l combine to
this end it will be accomp plished be
Ycnd doubt. OIL.