Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-12-04
CINCINNATI.
Proceedings in the National Board Of
Trade.


Trade.
CINCINNATI, Dec. 3.-The National
Board of Trade was called to order at
quarter past nine o'clock this morning, by
President Farley. The Rev. j. L. Robert
son opened the session with short prayer.
A communication was received from the
Western Union Telegraph Company, tend
eriug the Tree use Of its lines to the menu
bers for The purpose Of transmitting mes
ssges to their friends and families. Com
munications we're received from the Young
Mems Christian Association and the School
Board, inviting The members TO visit
them thanks we're returned.
Mr. Randolph, Of Chicago, chairman of
the COMMITTEES on Credentials, presented a
verbal report recommending the admission
Of delegates from the Corn and Flour Ex-
change Of Baltimore, which report
was adopted The same reported
OF he delegates from the Dubuque
Board Of Trade, AMI on motion of Mr..
Kirkland, of Baltimore, the delegates we've
admitted TIE same in favor of admitting
the delegates from the Memphis Chamber
OF Com merce, was adop.ed
A communication from the Dslroit board
Of trade concerning the proper interests
Of the country, wa referred to the L Gu
tive Council. Another from the l-yuis
will board of trade concerning .the chan
nels Of the Ohio and Mississippi rivers,
was referred al the Executive committe.
A Communication from the Unit ed
States Mail Line Company, rendering the
steamer America for pleasure excursion,
was received. The invitation was de-
clined and the thanks Of the board re-
turned for the kind offer. .a
The following resolution, offered by
the Chicago board, wss the cause Of
great deal of discussion, the delegstts
from the East generally opposing their
passage, while the Western representatives
as strongly ADVOCATED the passage of the
same They were finally adopted by a
vote Of 49 for and &c against.
Whereas The custom prevails in most
cities at the seaboaId of selling produce,
provisions and other properly nominally
for cash, but in reality upon i credit TO the
purchaser Of from five to fifteen days, and
Where's, The Western or interior con
signer Of such property has been in many
cases, obliged 10 suffer loss by credit so
given by his consignee TO irresponsible
parties, and al other times has been obliged
70 pay largely for guarantees by his Ct n
Bignee Of sales on credit.
| Resolved, That it is the opinion of the
National Beard Of Trade that all sales Of
| graiD, flour, provisions, and other similar
| property consigned for sale on owners
account to Commission merchants, should
be sold for cash on delivery.
Resolved, That this body recommend TO
local organisations associated with it, the
adoption of such regulations touching the
sale of and payment for property as will
confirm the spirit Of the foregoing resOlu-
tons.
Mr.. Trczevant of Memphis, submitttd
the following resolution, which was adopt
ed:
Resolved, That it is the manifest inter-
e-t of both the government and people,
that the construction Of railroads should
be encouraged by the former, aud this can
be done by permitting railroad iron to be
imported free of duty.
Resolutions TO secure the private prop.
eriy Of belligerents at sea freedom from
seizure, and 10 make telegraphing a Part
OF the postal system, were introduced.
Mr. Trszsyant, Of Memphis, speaking
on the te!egraphic resolution, referred tC
the time when letters cost twenty-five
cents each. Within quarter of century
postal rates have been reduced seven
eighths, and Geographic dispatches may b,
reduced in the same way 10y the govern
mfnt taking hold Of the business. TIT
government does not carry the mails. l
leis out the work by contract, and SO ii ma,
d. with the Geographic system, with lh,
came advantage TO the people.