The Portland daily press., 1868-02-08
fEASsAGGUs EPTs.
THE NATIONAL COMMERCIAL CONVENTIONS
THIRD Days PROCEEDINGS

THE NATIONAL COMMERCIAL CONVENTIONS
THIRD DAYS PROCEEDINGS.
BosToN, Jan. THE third days session of
the National Commercial Convention was
mainly devoted to reports of committees.
Gen Walbridge, of New York, presented
report of the Committee on National Chamber
of Congress- 1t provides that the name of the
Association shall be "The Association Of Ma
tional Boards of Trade" its purpose the har-
monizing of the commercial and industrial in
terest OF the country; its membership shall
comprise one from each Board OF Trade
Boards having more than one hundred men,
bers being entitled to one additional delegate.
more than tive hundred two additional and
more than one thousan three additional
The Committee on Weights and Measures
reported in favor of the adoption of the Genital
system or measuring gain, on and after the
1st day OF August 1868. The same committee
also recommend thaton and after the above
date 200 pounds constitute barrel OF -four or
meal, and that Congress be petitioned to enact
laws necessary to carry their resolution into
effect as national measures and to extend the
decimal system TO all weights and measures
Unanimously carried.
Mr.. Bennett chairman OF Corlmittoa on
Agriculture and Manufacturing Interests. re-
ported series of resolutions. In revision of
the tariff duties they should be so laid as to Sc
cure the balance of trade in favor OF the United
States and to place the heaviest duties on
manufactured articles in which labor forms
the chief expense, giving protection to labor
and inviting the importation OF laborers
Quite an exciting discussion sprung up. but
the resolutions We're finally adopted by quite
majority just as they came from the commit.
tee.
The Committee on Taxation presented pre-
ambie and resolves, asking Congress to SO
change the tonnage duties as to operate in
favor of the shipping interest of the country;
declaring that the Government should econo-
mize IN Ill ways in its expenditures, and that
the taxes be taken from domestic productions
and manufactures, and the revenue of the
government be raised from tobacco spirits
and other Injuries. Adopted with much ap-
plause.
Mr.. Tate, of Louisville, offered a resolve that
Congress be requested to loan the South $780,
100000. The resolution was referred TO COM
mlttee OF one from each delegation, who SUBJ
sequenty reported the following:
Resot0ed, That this Convention has hear with
deep sympathy the account OF the restitution
ands suffering existing at the South, and
would earnestly express the hope that Congress
IN Its wisdom viii devise such measures
of relief as viii without loss to the Gov
eminent stimulate the industry and speed
lily and permanently restore prosperity in that
section Of the country. The rep CRIT was unan-
imously adopted.
Shortly alter o'clock the delegates proceed
ed in body to the State House, where they
were welcomed by Gov, Bullock and Presid mt
Barstow of the Senate, in brief addresses, to
which President Fox, of the Convention, re-
sponded.
The Convention re-assembled at half pa It a.
The committees on foreign commerce and on
nnance submitted reports. The subject of the
foreign commerce committee was the restora-
tlono commerce from its present depress e |
condition, and the committee urged the pas
sage OF resolution urging Congress to enact
such measures OF relief to the foreign and do
mestie commerce of the United States as snail
enable us to compete with the commerce of
other nations on the ocean, and thereby per
NIT the port masters Of our merchant marine
to regain for our country the proud position
on the high seas from which she has been driy=
en- by The late war of the rebellion. Report
accepted resolution adopted.
Inc finance committee reported q long series
of resolutions witch favor the gradual approx
lmatIng OF the legal tender currency to a spe-
Gle standard, by commencing on the FIRST of
ne1t January to refund $1,000 600 currency per
month, and hold that the National honor and
faith require that the Government should not
avail itself OF the right to pay off the 5-20s
until the resumption of specie payments, and
the goverdmen securities can be paid iFgold
or Its equivalent. Banking system was advo-
Gated, and the making Of per cent the uni
form rate of interest in all coses, except VIXEN
any other rate isagreed upon.
a minority report contemplating the imms-
date reduction OF compound notes was sub
mitted and rejected. Western delegates ob-
jected to contraction at present.
The convention expressed itself in opposi-
ton to the proposed change in the value OF our
gold coin.-Adiourned
The report Of the Finance Committee will
Dc considered and acted upon tomorrow, when
IL u presumed the convention will dissolve.
ms evening the delegates are receiving the
Inequalities Of tho Boston Board of Trade MT
the American House.
APPOINTMENT OF CHIEF JUSTICE CONFIRMED.
Judge R. A. Chapman was confirmed in the
Executive Council to-day as Chief Justice of
the Supreme Judicial Court of Massachusetts,
in place of Chiet Justice Rigelow. RESIGNED.