This exhibit of the work of the Executive De ence, power, and prosperity should not observe partment is submitted to Congress and to the the same rates of increase that have characterpublic in the hope that there will be found in itized the past thirty years. We carry the great a due sense of responsibility and an earnest pur- impulse and increase of these years into the pose to maintain the national honor and to pro- future. There is no reason why in many lines of mote the happiness and prosperity of all our production we should not surpass all other napeople. And this brief exhibit of the growth tions as we have already done in some. There and prosperity of the country will give us a are no near frontiers to our possible developlevel from which to note the increase or deca- ment. Retrogression would be a crime. dence that new legislative policies may bring to BENJ. HARRISON. There is no reason why the national influ us. III. THE QUARANTINE ACT OF THE FIFTY-SECOND CONGRESS. IN SENATE. Pending S. bill 2707, reported from the Committee on Epidemic Diseases by Mr. HARRIS with amendments, December 22, 1892. The title of the bill was "granting additional quarantine powers and imposing additional duties upon the Marine Hospital Service." 1893, January 10-Mr. WHITE of Louisiana moved to insert at the end of the bill the following: "All the provisions of this act shall expire on the 1st day of January, 1895." Which was rejected-yeas 13, nays 33, (not voting 41): YEAS-Messrs. Blodgett, Butler, Gallinger, George, Gibson, Gorman, Gray, Mills, Palmer, Platt, Vance, Vilas, White of La.—13. NAYS-Messrs. Call, Cameron, Chandler, Dawes, Dixon, Dolph, Dubois, Frye, Gallinger, Gray, Hansbrough, Higgins, Hunton, McMillan, McPherson, Mitchell, Morrill, PEFFER, Platt, Proctor, Sawyer, Sherman, Shoup, Stockbridge, Teller, Washburn, Wolcott-27. Mr. PALMER moved to amend the bill, in line 7, section 7, by striking out, after the word "by," the word "immigration," and inserting the words "the introduction of persons or property from such country;" in line 8, before the word "same," to insert "the right to introduce;" and in line 10, to strike out the words "suspend immigration" and insert" prohibit, in whole or in part, the introduction of persons and property;" so as to read: "SEC. 7. That whenever it shall be shown to NAYS-Messrs. Aldrich, Allison, Berry, Cam- the satisfaction of the President that by reason eron, Chandler, Cockrell, Coke, Dixon, Dolph, of the existence of cholera or yellow fever or Dubois, Felton, Frye, Hansbrough, Harris, other infectious or contagious diseases in a forHiggins, Hoar, Hunton, Irby, McMillan, Mc-eign country there is serious danger of the inPherson, Mitchell, PEFFER, Pettigrew, Proctor, troduction of the same into the United States, Sawyer, Sherman, Shoup, Stewart, Stockbridge, Teller, Walthall, Washburn, Wolcott-33. "SEC 7. That whenever it shall be shown to the satisfaction of the President that by reason of the existence of cholera or other infectious or contagious diseases in a foreign country there is serious danger of the introduction of the same into the United States, and that notwithstanding the quarantine defense this danger is so increased by passenger travel that a suspension of the same is demanded in the interest of the public health, the President shall have power to suspend all passenger travel, but not immigration alone, from such countries or places as he shall designate and for such period of time as he may deem necessary.' Which was rejected-yeas 17, nays 27, (not voting 43): YEAS-Messrs. Berry, Blodgett, Butler, Cockrell, George, Gibson, Harris, Jones of Ark., KYLE, Mills, Morgan, Palmer, Vance, Vilas, Voorhees, Walthall, White of La.-17. and that notwithstanding the quarantine defense this danger is so increased by the introduction of persons or property from such country, that a suspension of the right to introduce the same is demanded in the interest of the public health, the President shall have power to prohibit, in whole or in part, the introduction of persons and property from such countries or places as he shall designate, and for such period of time as he may deem necessary.' Which was agreed to-yeas 37, nays 10, (not voting 40): YEAS-Messrs. Call, Cameron, Chandler, Cockrell, Dawes, Dixon, Dolph, Dubois, Frye, Gallinger, George, Hansbrough, Harris, Higgins, Hoar, Irby, KYLE, McMillan, McPherson, Mitchell, Morrill, Palmer, PEFFER, Pettigrew, Platt, Proctor, Pugh, Sawyer, Sherman, Shoup, Stockbridge, Teller, Vance, Voorhees, Walthall, Washburn, Wolcott-37. NAYS-Messrs. Berry, Blodgett, Butler, Coke, Gray, Hunton, Mills, Morgan, Vilas, White of La.-10. Mr. MORGAN moved to amend by adding the following, as a new section: "Nothing in this act contained shall be so construed as to authorize the United States or any officer thereof in its behalf to take into its ownership or control for quarantine purposes any place in any State, and to exercise therein exclusive jurisdiction without the consent of such State." Which was rejected-yeas 19, nays 28, (not voting 40): YEAS Messrs. Berry, Blodgett, Butler, Coke, Daniel, Gorman, Gray, Hunton, KYLE, McPherson, Mills, Morgan, Palmer, Pugh, Vance, Vilas, Voorhees, Walthall, White of La.-19. NAYS-Messrs. Call, Cameron, Chandler, Cockrell. Dawes, Dolph, Dubois, Frye, Gallinger, George, Hansbrough, Harris, Higgins, Hoar, Irby, McMillan, Mitchell, Morrill, PEFFER, Pettigrew, Platt, Proctor, Sawyer, Sherman, Shoup, Stockbridge, Teller, Washburn-28. The bill as amended was then passed without division. stitute therefor: being the bill as finally passed, with the addition of a section appropriating one million of dollars to be expended, as far as necessary, under the direction of the President, and in his discretion, to meet emergencies arising in the execution of the act. Which was rejected—yeas 99, nays 158, (not voting 72): YEAS-Messrs. Abbott, Alexander, Amerman, Andrew, Atkinson, BAKER of Kan., Belknap, Bingham, Boutelle, Bowers of Cal., Broderick, Brosius, Brunner, Buchanan of Va., Burrows, Busey, Chipman, CLOVER, Cogswell, Coolidge, Covert, Curtis of N. Y., Cutting, Dalzell, Dingley, Dolliver, Edmunds, Ellis of Ky., Enochs, Flick, Geary, Griswold, Grout, HALVORSON, Hamilton, Hare, Harmer, Haugen, Henderson of Ill., Hilborn, Hitt, Hooker of Miss., Hooker of N. Y., Hopkins of Pa., Hopkins of Ill., Houk of Tenn, Huff, Johnson of Ind, Johnson 1893, Fanuary 21-Pending in Committee of N. Dak., Jolley, KEM, Kribbs, Lawson of of the Whole the House bill (H. R. 9757), "to | Va., Lewis, Lind, Lodge, Loud, Meredith, Milprovide for the better protection of commerce ler, Milliken, Montgomery, O'Donnell, O'Ferand for the general welfare by the establishment rall, O'Neill of Pa., OTIS, Owens, Payne, Perof a National quarantine," etc., reported Janu-kins, Pickler, Powers, Quackenbush, Ray, Reed, ary 9, by Mr. RAYNER, from the Committee on Interstate and Foreign Commerce— IN HOUSE. Mr. BROSIUS moved to amend by inserting the following: "And all quarantine regulations existing or that may hereafter be adopted by authority of State laws or municipal ordinances at any port or place where the Federal Government has established or may establish quarantine regulations, shall be inoperative and of no effect so far as the same may interfere with or be in conflict with the provisions of this act or the rules or regulations prescribed thereunder." Which was rejected—ayes 52, noes 75. Mr. COVERT moved to amend by inserting, after section 6, the following proviso: "Provided, however, That nothing herein contained shall be construed to authorize the establishment or maintenance of any quarantine station at any locality where properly constituted local authority, having jurisdiction in the matter, shall officially determine such action or proposed action to be dangerous to the lives or safety of the people of such locality." Which was rejected-ayes 28, noes 98. Mr. BROSIUS moved to insert the following after section 6: "That for the security of the people of the United States against the introduction of the Asiatic cholera, pending the establishment of the Federal system of quarantine provided for in this act, all immigration from European and Asiatic countries shall be suspended for the term of one year from the passage of this act. And during such suspension it shall not be lawful for any immigrant from said countries or any of them to enter the United States from any foreign port or place." Which was rejected-ayes 27, noes 79. The bill was then engrossed and read the third time. Mr. REILLY moved to recommit it to the Committee on Interstate and Foreign Commerce, with instructions to report to the House a sub Reilly, Rusk, Russell of Conn., Scull, SIMPSON, Smith, C. W. Stone, W. A. Stone, Sweet, Tars ney, Taylor of Ill., Taylor of Penn., E. B. Taylor, J. D. Taylor, Townsend, Tucker, Turpin, Wadsworth, Walker, Warner, Waugh, Wever, Wheeler of Mich., Wilson of Wash., Winn, Wright of Pa.-99. NAYS-Messrs. Alderson, Allen, Antony, Arnold, Babbitt, Bacon, Bailey, Bankhead,' Barwig, Beltzhoover, Bentley, Blanchard, Bland, Blount, Boatner, Bowman, Branch, Brawley, Breckinridge of Ark., Bretz, Brickner, Brookshire, Bryan, Bullock, Bunn, Bushnell, Butler, Cadmus, Caminetti, Campbell, Capehart, Catchings, Cate, Clarke of Ala., Cobb of Ala., Cobb of Mo., Cockran, Compton, Cox of N. Y., Cox of Tenn., Crain, Crawford, Crosby, Cummings, Daniell of N. H., DAVIS, De Armond, De Forest, Dickerson, Dockery, Donovan, Dunphy, Durborow, Elliott, English, Enloe, Everett of Ga., Fithian, Forman, Fyan, Gantz, Gillespie, Gorman, Grady, Greenleaf, Hall of Minn., Hallowell, Harries of Minn., Harter, Hatch, Heard, Hemphill, Henderson of N. C., Herbert, Hermann, Hoar, Holman, Houk of Ohio, Jones, J. M. Kendall, Kilgore, Kyle, Lagan, Lane, Lanham, Lapham, Lawson of Ga., Layton, Lester of Ga., Livingston, Lockwood, Long, Lynch, Mallory, Mansur, Martin, McAleer, McClellan, McGann, McKaig, McKinney, McLaurin, McMillin, McRae, Meyer, Moore, Moses, W. Mutchler, Newberry, Oates, Ohliger, O'Neil of Mass., Outhwaite, Page, Patterson, Patton, Paynter, Pearson. Peel, Pierce, Frice, Randall, Rayner, Reyburn, Richardson of Tenn., Robertson of La., Rockwell, Sayers, Seerley, Shell, Shively, Sipe, Snodgrass, Snow, Sperry, Springer, Stahlnecker, Stevens, Steward of Ill., Stewart of Tex., Stockdale, Stout, Stump, Terry, Tillman, Tracey, Turner of Ga., Van Horn, WATSON, Weadock, White of Iowa, Wike, Willcox, Williams of Mass., Williams of Ill., Wilson of Mo., Wise, Wolverton—158. 1 The House bill was then passed-ayes 138, | passed in the Senate with the single exception noes 29. IN SENATE. February 6-Pending the House bill (H. R. 9757) Mr. HARRIS moved to amend by striking out all after the enacting clause and inserting a substitute, reported by the Senate Committee on Epidemic Diseases, which is the bill as it was that the appropriation of $1,000,000 contained in the bill as it passed the Senate, has been omitted in the substitute. This was agreed to without a division. IN HOUSE. February 8-On motion of Mr. RAYNER the IV. THE CAR COUPLER ACT OF THE FIFTY-SECOND CONGRESS. [For action in the House, see HAND-BOOK | line 2, after the word "act," "the American OF POLITICS FOR 1892, page 260.] IN SENATE. Railway Association is authorized hereby to designate to;" in line 3, after the word " Commission," to insert "shall designate; " in line 8, 1893, February 9-Pending, as in the Com-after the word "cars," to strike out "upon their mittee of the Whole, the bill (H. R. 9350) to promote the safety of employees and travelers upon railroads— determination being certified to the Interstate Commerce Commission" and insert "and;" in line 14, after the word "standard," to strike out Mr. MORGAN moved to amend the substitute "but should said Commission fail to determine a reported by the Committee on Interstate Com-standard as above provided, it shall be the duty merce, by inserting the following as a section: of the Interstate Commerce Commission to do "SEC. 8. That if the brake or coupling or so;" so as to read: device of any kind that shall be at any time adopted under the provisions of this act is under the protection of letters patent, it shall be the duty of the Attorney General to institute judicial proceedings in the Supreme Court of the District of Columbia to condemn such device, brake, or coupling, and the letters patent protecting the same, to the public use, upon just compensation to be paid by the United States to the owners of such letters patent. Such proceeding shall be in the name and on behalf of the United States of America and against the owner of such letters patent. And full jurisdiction is hereby conferred upon said Supreme Court of the District of Co❘ lumbia to hear and decide such proceedings of condemnation without reference to the residence of the defendant in such proceeding. "And no common carrier shall be required to use any such brake or coupling device until the same has been condemned to public use and provision made by law for the use of the same by such carrier." Which was laid on the table-yeas 36, nays 9, (not voting 42): YEAS-Messrs. Allison, Bate, Berry, Blackburn, Caffery, Call, Chandler, Cockrell, Cullom, Daniel, Dubois, Faulkner, Frye, Gallinger, George, Hansbrough, Hawley, Higgins, Hoar, Hunton, Jones of Ark., KYLE, Manderson, Palmer, PEFFER, Perkins of Kan., Platt, Quay, Sawyer, Sherman, Squire, Stockbridge, Vest, Vilas, Voorhees, White of La.—36. "SEC. 5. That within ninety days from the passage of this Act the Interstate Commerce Commission shall designate the standard height of draw-bars for freight cars, measured perpendicular from the level of the tops of the rails to the centers of the draw-bars, and shall fix a maximum variation from such standard height to be allowed between the draw-bars of empty and loaded cars; and said Commission shall at once give notice of the standard fixed upon to all. common carriers, owners, or lessees engaged in interstate commerce in the United States by such means as the Commission may deem proper, and thereafter all cars built or sent to the shops for general repairs shall be of that standard." Which was rejected-yeas 17, nays 27, (not voting 43): YEAS-Messrs. Bate, Berry, Brice, Caffery, Call, George, Gray, Hill, Jones of Ark., McPherson, Mills, Morgan, Pugh, Turpie, Vance, Vest, White of La.—17. NAYS-Messrs. Carey, Chandler, Cockrell, Cullom, Dolph, Dubois, Felton, Gallinger, Hansbrough, Hawley, Higgins, Hoar, Hunton, Irby, KYLE, McMillan, PEFFER, Perkins of Kan., Platt, Proctor, Sawyer, Sherman, Shoup, Squire, Stewart, Vilas, Washburn—27. February 10-Mr. GEORGE moved to strike out in section 5, line 2, "American Railway Association," and insert "Brotherhood of Rail road Trainmen;" so as to read: "SEC. 5. That within ninety days from the NAYS-Messrs. Dolph, Felton, Gorman, Hill, passage of this act. the Brotherhood of Railroad McPherson, Mills, Morgan, Stewart, Wol-Trainmen is authorized hereby to designate to cott-9. the Interstate Commerce Commission the standMr. GEORGE moved to strike out, in section 5, | ard height of draw-bars for freight cars, etc." Which was rejected-yeas 10, nays 37, (not | mus, Caldwell, Caminetti, Campbell, Capehart, voting 40): YEAS-Messrs. Berry, Brice, Coke, Daniel, George, Harris, Mills, Pugh, Turpie, Voorhees-10. NAYS-Messrs. Bate, Blodgett, Caffery, Call, Carey, Chandler, Cockrell, Cullom, Davis, Dawes, Dolph, Dubois, Felton, Frye, Gallinger, Gray, Hansbrough, Hawley, Hiscock, Hoar, Irby, Jones of Nev., KYLE, McPherson, Morrill, Palmer, Pasco, PEFFER, Proctor, Sawyer, Sherman, Squire, Stewart, Stockbridge, Vilas, Washburn, White of La.—37. February 11-Mr. GEORGE moved to add the following as a section: "SEC. 8. That any employé of any such common carrier who may be injured by any locomo tive, car or train in use contrary to the provisions of this Act, shall not be deemed thereby to have assumed the risk thereby occasioned, although continuing in the employment of such carrier after the unlawful use of such locomotive, car or train had been brought to his knowledge." Which was agreed to-yeas 42, nays 7, (not voting 38): YEAS-Messrs. Bate, Berry, Blackburn, Cail, Chandler, Coke, Cullom, Daniel, Davis, Dawes, Dolph, Dubois, Felton, Frye, Gallinger, George, Hansbrough, Harris, Hawley, Hoar, Jones of Ark., Jones of Nev., KYLE, McMillan, McPher son, Mills, Morrill, PEFFER, Perkins of Kan., Proctor, Pugh, Sherman, Squire, Stewart, Stockbridge, Teller, Turpie, Vance, Vilas, Voorhees, Washburn, White of La.-42. NAYS-Messrs. Blodgett, Brice, Caffery, Camden, Gray, Morgan, Sawyer-7. The substitute bill was then passed-yeas 39, nays 10, (not voting 38): YEAS-Messrs. Allison, Berry, Caffery, Call, Carey, Chandler, Cockrell, Coke, Cullom, Davis, Dawes, Dolph, Dubois, Felton, Frye, Gallinger, Gray, Hansbrough, Hawley, Hoar, Jones of Nev., KYLE, McMillan, McPherson, Morrill, Palmer, Pasco, PEFFER, Perkins of Kan., Proctor, Pugh, Sherman, Squiré, Teller, Turpie, Vilas, Voorhees, Washburn, White of La.-39. NAYS-Messrs. Blodg tt, Brice, Daniel, George, Gorman, Harris, Morgan, Sawyer, Stewart, Vance-10. IN HOUSE. 1893, February 27-Mr. WISE moved to suspend the rules and concur in the SENATE amendments Which was agreed to, two thirds voting in its favor-yeas 185, nays, 84, (not voting 60): YEAS-Messrs. Abbott, Amerman, Arnold, Babbitt, BAKER of Kan., Barwig, Belden, Belknap, Beltzhoover, Bland, Boutelle, Bowers of Cal., Bretz, Broderick, Brookshire, Brosius, Brown of Ind., Brunner, Bryan, Burrows, Busey, Bushnell, Butler, Bynum, Cable, Cad Castle, Cate, Chipman, Clancy, Clark of Wyo., CLOVER, Coburn, Cogswell, Coolidge, Coombs, Cooper of Ind., Covert, Crain, Crosby, Cummings, Curtis of N. Y., Dalzell, Daniell of N. H., DAVIS, De Armond, De Forest, Dingley, Doan, Dockery, Dolliver, Donovan, Durborow, Enochs, Fithian, Flick, Forman, Funston, Fyan, Gantz, Geissenhainer, Gorman, Griswold, Grout, HALVORSON, Hare, Harmer, Harter, Hatch, Haugen, Haynes, Heard, Hemphill, Henderson of Iowa, Hermann, Hilborn, Hitt, Holman, Hooker of N. Y., Hopkins of Pa., Hopkins of Ills., Houk of Ohio, Huff, Hull, Johnson of Ind., Johnson of N. Dak., Jolley, Jones, KEM, Kribbs, Kyle, Lane, Lanham, Lapham, Lawson of Va., Lawson of Ga., Layton, Lewis, Lind, Lockwood, Lodge, Loud, Lynch, Magner, Mallory, Mansur, Martin, McClellan, McGann, McKaig, MCKEIGHAN, McKinney, McLaurin, McRae, Mitchell, Moore, Morse, Norton, O'Donnell, O'Neil of Mass., O'Neill, of Mo., OTIS, Outhwaite, Page, Patterson, Patton, Payne, Paynter, Pearson, Perkins, Pickler, Post, Price, Quackenbush, Raines, Randall, Ray, Rayner, Robertson of La., Sayers, Scott, Shively, SIMPSON, Sipe, Smith, Sperry, Springer, Stahlnecker, Stephenson, Steward of Ill., C. W. Stone, W. A. Stone, Storer, Stout, Sweet, Taylor of Ill., J. D. Taylor, V. A Taylor, Terry, Tillman, Townsend, Van Horn, Walker, Warner, WATSON, Waugh, Weadock, Wever, Wheeler of Mich, White of Iowa, Whiting, Wike, Willcox, Williams of Mass., Williams of Ill., Wilson of Wash., Wilson of Mo., Winn, Wise, Wright of Pa., Youmans-185. NAYS Messrs. Allen, Antony; Bacon, Bailey, Bankhead, Bartine, Blanchard, Blount, Bowman, Branch, Brawley, Breckinridge of Ark., Breckinridge of Ky., Brown of Mo., Buchanan of Va., Bullock, Bunn, Caruth, Catchings, Clarke of Ala., Cobb of Ala., Cobb of Mo., Compton, Cox of Tenn., Crawford, Culberson, Dickerson, Dungan, Edmunds, Elliott, Ellis of Ky., English, Enloe, Epes, Everett of Ga., Fellows, Forney, Geary, Grady, Greenleaf, Hallowell, Hamilton, Hayes, Henderson of N. C., Herbert, Hooker of Miss., Houk of Tenn., Johnson of Ohio, Kilgore, Lester of Va., Lester of Ga., Livingston, Long, McAleer, McCreary of Ky., McMillin, Meredith, Miller, Montgomery, Moses, W. Mutchler, Oates, Ohliger, O'Neill of Pa., Owens, Peel, Pendleton of W. Va., Pierce, Richardson of Tenn., Rife, Robinson of Pa., Rusk, Scull, Shell, Snodgrass, Stone of Ky., Tucker, Turner of Ga., Turpin, Washington, Wheeler of Ala., Williams of N. C., Wilson of Ky., Wolverton—84. Approved March 2, 1893. V. THE ANTI-"OPTIONS AND FUTURES" BILL. IN SENATE. [For previous votes, see HAND-BOOK OF POLITICS FOR 1892, pp. 253-255.] 1893, January 13—Mr. WHITE of Louisiana moved to strike out of H. R. bill (7845) at the end of section two, the following proviso: "Provided, however, That such contract or agreement shall not be made, settled for by delivery or settlement of differences, or by another mode of performance or settlement in or upon any board of trade, produce, cotton, hop, merchants', or other exchange, or other commercial association, or in any place or upon any premises where price quotations of said articles are announced, bulletined, or published, nor be subject to the rules or regulations of any such board, exchange, or other commercial association." Which was disagreed to-yeas 15, nays 32, (not voting 39): YEAS-Messrs. Brice, Cameron, Dixon, Felton, Gibson, Gorman, Hiscock, Hunton, Mills, Mitchell, Palmer, Quay, Vilas, White of La., Wolcott-15. NAYS-Messrs. Allison, Berry, Butler, Call, Carey, Chandler, Cockrell, Coke, Dawes, Dubois, Frye, Gallinger, George, Hale, Hansbrough, Harris, Irby, KYLE, McMillan, Pasco, PEFFER, Proctor, Pugh, Ransom, Sherman, Shoup, Stockbridge, Teller, Vance, Voorhees, Wash burn, Wilson-32. January 16-Mr. VILAS moved to insert the following after the word "thereof" in section 2, line 15: "And does not in good faith intend to pur. chase and deliver the articles contracted to be sold and delivered according to the terms and requirements of such contract." So as to read: of Ark., McPherson, Mills, Palmer, Power, Stewart, Vest, Vilas, White of La-12. NAYS-Messrs. Allison, Berry, Blackburn, Call, Carey, Chandler, Cockrell, Coke, Dawes, Dolph, Dubois, Gallinger, George, Gordon, Hale, Hansbrough, Higgins, Hunton, KYLE, McMillan, Manderson, Morgan, PEFFER, Pugh, Quay, Ransom, Sherman, Stockbridge, Vance, Voorhees, Walthall, Washburn, Wilson-33. The date on which this Act was to take effect was changed from September, 1892, to July 1, 1893, without a division. Mr. DANIELS moved to strike out section 10; which was rejected-yeas 13, nays 32, (not voting 42): YEAS-Messrs. Brice, Caffery, Dixon, Gib son, Hill, Jones of Ark., Mills, Palmer, Pugh, Sawyer, Stewart, Vest, White of La.—13. NAYS-Messrs. Allison, Berry, Blackburn, Call, Carey, Chandler, Cockrell, Coke, Dawes, Dubois, Felton, Frye, Gallinger, George, Gorden, Hansbrough, Hunton, KYLE, McMillan, Manderson, PEFFER, Power, Quay, Sherman, Squire, Stockbridge, Teller, Vance, Voorhees, Walihall, Washburn, Wilson-32. Mr. GEORGE moved to strike out, beginning with section 4 to the close of section 14 of the bill, and insert the following: "SEC. 4. That options' and 'futures,' as hereinbefore defined, are hereby declared to be obstructions to and restraints upon commerce among the States and with foreign nations, and to be illegal and void; and if any person shall be a party, either as buyer or seller, to any contract or agreement hereinbefore defined as options' or 'futures,' he shall be deemed guilty of a misdemeanor, and on conviction therefor, in either the proper district or circuit court of the United States, shall be fined for every such offense in a sum not less than the whole sum paid or agreed to be paid or received or agreed to be received on any such contract, if the sum shall amount to as much as $1,000; but if the said sum shall not amount to $1,000, then he shall be fined $1,000, and in addition thereto, he shall be imprisoned for a period not less than one year nor more than five years; and every distinct contract shall constitute a separate offense of the seller and also of the buyer. "That for the purposes of this Act the word 'futures' shall be understood to mean any contract or agreement whereby a party contracts or agrees to sell and deliver to another or others at a future tinie, or within a designated period, any of the articles mentioned in section 3 of this Act, when at the time of making such contract or agreement the party so contracting or agreeing to sell and make such delivery, or the party for whom he acts as agent, broker, or employé in making such contract or agreement, is not the owner of the article or articles so, contracted or "SEC. 5. That any merchant or other exagreed to be sold and delivered, or has not there- change, board or other association in or through tofore acquired by purchase and is not then en- which 'options' or 'futures' or both shall be titled to the right to the future possession of such made, encouraged, settled, regulated or adjusted article or articles under and by virtue of a con- are hereby declared to be unlawful combinations tract or agreement for the sale and future deliv- to obstruct commerce among the States and with ery thereof previously made by the owner there of foreign nations. And if it shall appear that any and does not in good faith intend to purchase and such board, association or exchange has encourdeliver the articles contracted to be sold and de-aged, regulated, adjusted or promoted any such livered according to the terms and requirements of such contract." Which was disagreed to-yeas 12, nays 33, (not voting 42): YEAS-Messrs. Caffery, Dixon, Gibson, Jones contract or settlement, the said board, associa tion or exchange shall be subject to proceedings to be instituted in the circuit court of the United States by bill in equity, by which such action of such association or exchange, or any member |
