The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-04-18
CITY INTELLIG EN- g. E
IFor Additional Local Nens see FIfh Pagel

For Additional Local Items see bRTn Pd9e.I
BOARD OF TRADE.-The stated monthly
meeting for April was held last evening. The
President being called away, Vlce-President
Nerrick occupied the char.
Mr. George L. Busby, from the Committee ap-
pointed to urge upon the Legislature the change
of the legal rate of interest to seven per cent,
made final report:-
The Committee had twice visited Harrisburg
in pursuance of the duty of tneir appointment.
At their first visit the bill had, without opposl-
ton, and with every prospect of final accept.
ance, gone to third reading in the House; and
with every reason to expect its passage in the
Senate without serious opposition, they had re-
turned and reported favorable progress. They
had also the announcement OF a favorable recep-
ton OF the proposition by the Governor. They
were, however, Unexpectedly disturbed in this eX-
pectatioD by the presentation of a new BILL pro-
posing TO confer upon the banks of the State the
right, under certain conditions, of charging
seven per cent, and restricting its operation to
them alone.
Conceiving this TO be in every way impolitic,
and an invldious distinction, they proceeded
second time 10 Harrisburg to urge upon the
members the passage OF the bill originally pro-
posed. They had failed to accomplish the OBJ.
ject, though the proposition met the approval of
all the representatives OF mercantile constituent
cies, and OF those from border localities, where
is more distinctly felt the drain of capital to the
neighborlng States of Ohio and New York by
their higher rate of interest; but the fears of
those who represent the interior and agriCultu
raj sections lest the enactment of such law
should operate to call in mortgages, and TO en-
hance the rate OF interest on permanent loans on
farms and other securities on real property, pre-
vailed 10 the defeat OF the measure.
The committee, however, believe that pro-
gress has been made; that the conviction that
traffic in money should be perfectly Free like all
other trade, is gaining ground; and that it is to
be expected that at some day in the future, not
far distant the proposed bill may be expected
TO become Il law.
The committee asked TO be and were dis
charged.
communication was received and referred
to the Committee of the Month"; in reference 10 q
bill now before Congress having TOR its object to
secure the admission of qualified and deserving
boys, upon examination, from the apprentices
in the navy to the Naval Academy, thus break
ing down that barrier of caste which has already
been swept away in the army, but which here
tofore has been maintained in the navy, to the
restriction and extinguishment of all the higher
aspirations OF the common sailor. The Commit
tee of the Month we're announced to be Messrs.
Wheeler, Townsend, and Thornton Brown.
BRIDGE OVER THE SCHUYLKILL AT SOUTH
STREET-The Chief Engineer and Surveyor has
received copy OF an act OF the Legislature ap
proved April 6, 1866, to authorize the construc.
tlon of free bridge over the SchuyiKill at South
street." The first section provides hat Samuel
Field, Field, John II 81. Holmes, A. j. Drezel, G; H.
H. NJ. Philips, NJ. A. Dropsie, William B. Mann,
John L. Lawson, John Leigh, William Perry,
M. McCaw, John Kater, James Smyth, j. G.
Brown, William j. Pollock, Charles F. Lex, and
A. M. Eastwick are created a commission to
build said bridge said RIVER at south street.
and are hereby required to commence the erec.
ton OF the same within twelve months from the
passage OF this act; and it is further provided
that the aforesaid Commissioners shall have full
power to create loan, not exceeding 5000, 900,
payable by the city OF Philadelphia forty years
tIom the date OF said loan, negotiable at not a
less rate than par, the same to bear interest al
the rate OF six cent. a0num and cnrti n.
Gates thereof shall pass by delivery as in cases
OF negotiable paper, and that no certificate shall
be issued for less sum than 800.
The other sections of the bill are as follows:-
Section 2 That said Commissioners shall de
post ali moLey arising from the sale of the
aforesaid loan OF ,000 with the Treasurer o.
the city OF philadelphia, and The President o.
said Commission shall have full power to draw
checks countersigned by the Secretary of the
same and approved by majority of the sale
Commission, and the money shall be expended
for no other purpose than the construction o
Section 8. That so much of section fourth o
an act passed April Is. 1861, entitled San act tC
incorporate the Lombard and South Street,
Railway" as allows the Lombard and Soutl
Streets and the Darby Railway Companies t
use the said bridge, without the consent o
Councils, is hereby repealed; and that so mucl
oil section first as limits the cost of SAID brldg
10 $25O,0 and so much OF section second q
authorized the creation of loan of $3.50, 600
are hereby repealed.
Section 4. That in case of the failure of an
OF the within named Commission to serve, tn
Judges Of the Court of Common Pleas shall nav
full power and are hereby required TO suppl
such vacancies, and in case any vacancy shal
occur in said Commission after their acceptance
the remaining members of the, same, or a ms
jority thereof, are hereby authorized and n
quired TO I'll tue same withia thirty days afte
such vacancy shall occur, and upon their failin
to do so within that time, then the Judges of til
Court aforesaid are authorized and required
fill such vacancy within thirty days after tn
refusal of said Commission to I'LL the same: Pr
vided, That If the Councils OF Philadelphia shall
before the first day OF July, 1867, enter into COZ
tract and commence the erection of q tree bridg
over the river Schuylkill at South street, the
the powers OF SAID Commissioners shall be veste
in the Councils of Philadelphia.
EXHIBITION OF PLANTs.-At a month
meeting of the Horticultural Society, held la
evening at the Hail. Broad and Walnut street
there was fine display OF choice plants. Son
luscious Cooks strawberries attracted much q
tention. As the season advances the month
displays OF the Society will become more al
more interesting.
TEMPERANoE.-We desire to call especi
attention to the advertisement of the Philad
phia Temperance Society, and advise every o.
who believes drunkenness to be a vice to attel