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Show Till) IMI lll'tlONl IHIW WiiATltnoM liiiowiiailhe"IIaUh" or "anil oitlonstlll" which raised the Ilousool lt reselitatlves at Waihlug-ton Waihlug-ton on the Dili Inst. It nenilonlng lleice crlllchui, n e New or k lines con-liudi con-liudi that If It should become- law, 11 would not only causa a suitiwnslonon otliu trallng but eterclse a surveillance surveil-lance over 1 uslness lu general Ibat lu the t nd woul I be destructive to all I ll-dustry. ll-dustry. The New Wk Collon l.s-chungu l.s-chungu and the Hti i ark Pruduie Exchange hau entire I ilruug ro-leits ro-leits ngalntl thlt bill. Tho New Vork baukera hero alto opo" It, contending that tho ruvlslont of themsature aoull bring ntiout a panic. Ihu New Orleans baukirs hnvu Joltud Willi IhilrU thatii brolhen, nnd the bankeraof Chicago aro itlll more em phatlo lu their o poallr;n. flu declare de-clare that both the firmer and manufacturer manu-facturer w ould 1 1) ruinously Injuri-d by Ihe "Hatch bill," or, as It It called lu the Heuate, the "Uilhrjuru bill," should It Wromo law, TI upurpoie of the propose I enact-meut enact-meut la to preteut dealing lu whit are known aa "otloua" and "fuluria'Mn certain i i clllrd commodities. In board of tra lo parlance "o tloni," "futures," "puts," "ealla" und "straddles" are thu turns mid for manipulating I roducta of various klndt In a mothed not geneiallyuudentool by Ihe average aver-age citizen, tut which b) many business busi-ness men Is characlerlzed asaspttlit of gambllug. 11 "option" It meant any contract which gives the right lu any party to ill liver to nnothernlu future llmu some arllile, but does not obligate tub! arty to do.tvir 11, ahoul I ha fill V) cl-lncllllld. The future la something rlulllar and apilltH to agents, Irokirt or others who may ait as a Ibllil l art, III any transaction whtre an acluil ealo mid borm tide do liver tf goiafsiloet not take lace. Tho articles to which the "Hatch Bill" ajpllti ate raw cotton, hur, wheat, com, oils, rye, larli, grits iiu.i, llxsttd, otk, lard, laiviu, anJ all edible iroUucta of twine. The (III domindi that every "o lion" deahr lu theiu pruducta ahall pjy au-nually au-nually fl,))!) license fuc, nndtliall alt aiy tho further hum ot A tents ir vuud for caili nnd every pound tf raw cotton, hoS, ank, lard and baujii, and ID tents r buahcl for each and i Mr) buihel of grain traded In, uulir the name of "o Hon" or "futiins." Thomiaaure Isqultoa len,tbyonu, and emtratia nnny other radltal chingetlnthe leieut mode of doing builnest lu tho great inirti of Ihli country. It aNo emlKjIlei severe iuiiI-live iuiiI-live rovl.lom for violation of thu law . Itaiiedlhullouaotiy 1U7 yiot to 4j nays, UO not voting. |
