After the declaration by the U. S. Supreme Court that the original Capper-Tincher Bill to regulate grain exchanges was unconstitutional, it was revamped by Congress and again enacted. Appeal was again taken by the Chicago Board of Trade to the Supreme Court, which finally sustained the act in its amended form, on the grounds that dealings in grain futures possess an " interstate character."
The new law thus sustained forbids the use of the interstate mails, telegraph lines or other methods of communication to all grain exchanges not declared " contract markets "...
To continue reading:
or
Log-In
