The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-05-22
CITY INTELLIGENCE.


BOARD OF TRADE.-The stated meeting for May
was held last evening, President Welsh in the
chair.
"a Communication from the Corn Exchange of
Philadelphia, respecting pro rata through freights
on southern and southwestern shipments, was
The subject was placed in charge of the Com
mittee on Inland Transportation, with directions
to act conjunction with a committee OF the Corn
Exchange in making full investigation of the
facts, aud by full and free interchange of views
with the Managers Of the Philadelphia, Whining
ton and Baltimore, and the Baltimore and Ohio
roads, to attempt the removal Of the great OBJ
structIons to trade now existing in that direction.
communication was read from the Produce Ex-
change of New York. in favor OF renewed effort to
have the Genital system generally adopted by the
common consent and common action of the different
commercial organizations of the country, and pro-
posing convention for that purpose. IL was
agreed, on the part of this Board to unite with
such convention should 1t assemble.
A communication from the Board OF Trade OF
Macon, Georgia, was received and read, asking
aid by loan of food on the security of lien upon
the growing crops, to propretors and la6orers en-
gagged in agriculture in that State. 1t states that
he agricultural interest at the south is almost to-
tally prostrated and its condition to-day Is more
cheeriess, than at any former period in its his
tory" and that the Uentire annlhIaton of capital
in the hands Of the agricultural class and the par.
failure OF cotton, and nearly entire failure OF
corn crops the past season, together with other
causes, have placed vast numbers of our farmers
in condition, at present. where they must nave
aid or perish.
ga large area Of land is now prepared, and
being planted in cotton, and much larger area
than last year has already been planted in corn.
In spite of multiplied dtscouragements, our plant
ers have resolutely striven, and are striving, to
overcome the numberess embarrassments Of their
condition and situation, and gather from the will
ing soi by patient, careful industry the means to
repair their losses at least in part and drive gaunt
hunger from their habitations, and distress and
suffering from the land; but, after having EN-.
ployed their aboTers, (who, TO their praise be 1t
spoken, are doing well,) prepared their lands and
planted their crops, their means have become, or
are rapidly becoming, exhausted. Corn and bacon
must be had, and they have not the money to pro-
cure IL, and there are thousands of farms whose
further culture must be abandoned and their Ia
borers discharged unless their proprietors OBJ
tain credit for their needed supplies until their
crops can be harvested. This may seem start
ling assertion, but we believe 1t to be literally true
"There is no capital here at all adequa to meet
the exigency. Our merchants and others are doing
what they can with means quite limited but the
truth is they poweTless afford the relief re-
quired; and the object of the Board in this COM
munication, is 10 memorialize the Boards of Trade
IN the leading commercial cities of the Union,
praying that these facts may be considered, anu
that associations may b7 formed and capital sub
EeIsV9p loE the purpose OF supplying the wants of
the producing Class, at the souh in respect to food
for their hands and stock, credit, until harvest
the same first lien upon the growing crops, flor
which provision has been made in Georgia by ex-
press statuie and such other and further security
as might reasonably be demanded and Afforded
s.ShouId the assistance indicated be long with
held, many thousands of farms must be abandon
ed, and many thousands OF laborers throw wn out
OF employment, without homes OF the means OF
procuring food, and vast amount OF desutution
and suffering must follow. On the other hand
should the credit be promptly anorueu, rehef FOL
lows, and these calamitles are averted A simple
loan OF food Is ali that Is asked, and that upoI
such conditions as, with proper prudence and dis
cretion on the part of the agents selected, IL is be
ieVed, result in no loss but return 20 the sub
scTlbers their capital unimpaired, together with
moderate interest on the same while thus employ
ed, and, meanwhile. accomplish an amount o
good almost incal culable az this particular crisis.
ON motion Of Mr.. Wheeler, IL was ordered tina
the Secretary should ackno owledge the receipt o
the Communication, which was properly referred
MI Wheeler, In accordance with the report o
Cezncil at former nesting, presented thorough
Of the present stale OF the laws OF this com
Rnlth regulating the interest OF money. 1
Npted, and 1000 copies ordered TO be printet
OF the Board. rr al -ta
OF Mr.. Fraley, standing committe
ma Fraley, Smith and Tatham) wa
into consideration the subject 0
State and municipal, with tn
N procuring amelloTations Q