Show IT IS TO BELL in ili view ot of tile tho anti option bill pending and wo we believe passed by tho the house of representatives recently the ilon hon S Y binm of wall street ex congress man defending dealings lit in options on tho the ground that they enable tho the farmer to got get at his home railway station tho the full market price loss less only the freight and actual charges to the city and to get it cash down tho the west ho he says is 18 lull fall of wheat buyers at every station tho the telegraph tells of september wheat at in chico chicago go the tha buyer wires his house to sell september wheat and in an all instant it Is done no he then has tho the certainty of tho the price ho he la is to receive and so he buys wheat blo ble within two or three weeks at aprice which pays freight handling and commission and the wheat grower has big at oneo once tho the advantage advant ago of the tha advanced chicago Chicag oprice it if tho the buyer had to take tho the risk of tho the markets fluctuations for tile tho fortnight or three weeks ho be could not payI pay within thin many cents per bushel of tho the advanced price trading in futures deacon WHITE continues attracts capital and without permitting monopoly furnishes funds to pay cash for all products it does thisby this by giving a certain sate safe margin upon which the banker and nd commission merchant can invest in cash grain it if ono one can mill bell bushels ol of december wheat at and cm can buy september at one can sell the ono one and buy tho the other his money moncy Is safely invested and the profit easily computable tho the storage for three months will bo be 1 cents atlow allow X cent for insurance and incidentals find and thero there is a commission of besides interest for advancing for three months suppose there are men in tho the country trading in chicago wheat and using an average 0 of f 2000 each that is and it will carry bushels of wheat tho the producer gets tho the benefit of this aggregation of capital whore where if one could only buy spot wheat not a dollar would bo be at the producers service what is tho the poor granger crying about anyway asks mr WRITE WHITE and lie he answers when this congress convened tho the price of chicago spot wheat whoa was about 75 cents cants per bushel now it Is about an advance of 40 per cent the arico of cornias corn has advanced during the same horld from 30 to no 50 cents per bushel a gain of 16 per cent low how has it been in fit live stock in chicago in which one cant deal in futures for tho the six years last past hinchmen ranchmen ranch rinch men havo have grown poorer and thinner while stockyards stock yards men hivo hive coolly kept down prices to producers and kept up prices to consumers and have waxed tat fat and wicked 1 live bogs in chicago aro are lower than they were when congress mot bo be causo cause ono one cant trade in options on oa tile them m 11 ma WHITE closes his appeal as follows folios this country Is prosperous beyond a parallel it stands today to day without i a peer in iw its prosperity on tho cho globe you men of the fifty first congress havo have bettor better than you knew kleiv anil and better than you hoped for or cereals are up and vien men sault gay it la Is because of oa a short crop in the world horld myself I 1 do not think so there Is 1 no surplus crop but counting cho surplus ot of past 1 years cars there la Is an abundant supply coreale are arc up in my humble judgment la in a larko large measure because of the beneficial results of 0 tho the silver legislation ot of the fifty first congress when convened tho the hark lane grain dealer bought hn his wheat 1 in 1 india where they love have tho the misfortune to have a mono circulating medium which happens to be silver at tho the same bamo time that ho he bought w wheat 11 catin in india he bo bought silver in fit at wy cents por per ounce and paid for indian wheat u with ith oliver rated at the gold value of 0 iny cents per oil ounce dec no he haft had tile the drop on the american amello n far barmor or to tile extent ot of that thirty seven cents por per ounce but the thirty seven cents has dwindled to alno ano cents on OIL tile hie of 0 tho the silver bli bill 1 und nua Is still dwindling boya you have done well enough I 1 I 1 dont try experimental thoro Is too much danger Of 0 a mistake mItkO whatever may be thought ot of his argument ment in behalf of 0 trading in futures mr anite will be conceded lit in tho the west to be sound on the sib fiher er question |