The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-03-09
Rumors That Establishment Saying
They Are Not "BuCket Shops"
Will Test the New
Law.

is said to be the slogan of some of
the adjustments, while others go at
the case from a different point of
view
These declare that "the best legal
advice" given to them, of course at
so much per give" is that the hitch
ing on of Section ~ to the Woodland
bin renders the whole thing uncon-
stitutional. On that they base their
hopes of keeping the ticker going for
all men, crying that well known cry
Special privileges to none" The peo-
pie who deny Indignantly that they
are bucket shops" declare that being
class legislation the law is no good,
that they will keep on business and
will go up against the Supreme court
in a test case.
To the outsider the .gentlemen of
the futures" claim to be on easy street
and to be taking the legislation with
smile. This, however, is exactly
antipodal to their agitation and con-
fusion and alarm and desperate at
tempts to escape the meshes of the
Woodland bill when it was before the
committees, and before the General
Assembly made it a law Their rock
of safety, they claim, is in the amend
ment to the bill.
This amendment, or section seven
of the Woodland bill reads as fol-
lows:
Section T. That this act shall not
be construed SO as to apply to any per-
son. firm or corporation. or his or
their agent, engaged in the business
of manufacturing or wholesale nner-
chandising, in the purchase or sale of
the necessary commodities required
i'm the ordinary course of their busi-
ness.
section s. That this act shall be
i'm force from and after it's ratifica-
ton"
The act was ratified on Monday and
as it is provided that it is in force from
and after it's ratification the bill is
now a law, and the firms that are
operating are doing so with the hope
that there is loop hole in the net,
and that construction of the law
will show that there is nothing in it
for them to fear. 1t is certain that a
test will be made, and if the future"
men are basing their hopes on mis-
take there are heavy penalties.
There is one house or rather branch,
in Raleigh which does a future" bust
ness. This is the branch of Ware &
Leland, firm that has connections
on the Boards of the big markets. Yes
terday business there is reported to
have gone on as usual, its affairs being
conducted as heretofore.
In response to a query concerning
his intentions, the Raleigh manager
answered: I'VE have nothing to say
now, and we don't know what we will
do" From other sources it was stated
that the understanding is that Ware
a. Leland will continue to carry on
their business as heretofore, awaiting
a test case with confidence, as the firm
does not think that the Woodland act
will affect it at all.
The act, with the addition of sec
tions and 8, given above, is as fol-
lows:
Section 1. That it shall be unlaw-
luf for any person, corporation or
other associations or persons, either as
principal or agents, to establish or
open an office or other place of bust
ness in this State fore the purpose of
carrying on or engaging in any such
business as is forbidden in this act
or in chapter 221 of the Public Laws
of North Carolina of 1889.
Section 2. Any person. corporation
or association of persons, who shall as
principal or agents. violate section 1
of this act shall be guilty of a mis-
demeanor, and upon conviction thereof
shall be fined and imprisoned, at the
discretion of the court.
Section 8. That no person shall be
excused on any prosecution under
chapter 221 of the Public Laws of
1889 and the amendment thereto from
testifying touching anything done by
himself or others contrary to the pro-
visions of said act and the amend
ment; but no discovery made by the
witness upon such examination shall
be used against him in any penal or
criminal prosecution, and he shall be
altogether pardoned of the offense so
done or participated in by him.
under said act and amendment, proof
that the defendant was party to
contract, as agent or principal to sell
and deliver any article, thing or prop
erty specified or named in said act,
chapter 221, Public Laws of 1889, or
that he was the agent directly or in
directly of any party in making, fur
thering or effectuating the same, or
that he was the agent or officer of any
corporation or association, or person
i'm making, furthering or circulating
the same, and that the article, thing
or property agreed to be sold and de-
livered was not actually delivered, and
that settlement was made or agreed to
be made, upon the difference in value
of said article thing or property, shall
constitute against such defendant
prima facie evidence of guilt.
Section s. That proof that anything
of value agreed to be sold and deliv-
cred was not actually delivered at the
time of making the agreement to sell
and deliver, and that one of the par
ties to such agreement deposited or Sc
cured, or agreed to deposit or secure
what are commonly called margins
shall constitute prima facie evidence
of contract declared void by chapter
221 of the Public Laws of 1889.
Section 6. That proof that any per-
son, corporation or other association
of persons, either principals or agents,
shall establish an office or place where
are posted or published from informa-
ton received any fiuctuating prices of
grain, cotton, provisions, stock, bonds
and other commodities or of any one
or more of the same shall constitute
prima facie evidence of being guilty of
violating section / of this act. and of
chapter 223 or the Public Laws of
1889
Arrested for Murder at Mont Clair.
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