The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-02-08
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Mr. WAEBKIDcE Of New York. offered resouson
that the public interests require Congress TO provcs M
Paciac coast The Convention refused TO adopt N.
resolution, but referred to the COMMITTEES on in'sfns
Mr. BArcHFoxp OF Chicago offered a resolution 70 the
effect that specie Is the only sound standard OF value
and advocating RESUMPTION Of specie payments a. 'hs
earliest period consistent with the public good.
Mr. FORSYTH, of Troy, des red the Convention to pass
resolution looking towards ion Of specie pay
ments, but containing satemen that no one tnne
would prejudcial than few subsidies or
little tariff 1t was referred TO the Committee on
The Committee on Taxation presented q presmble and
resolutions asking Congress to change the tonnage
as "a operate favor OF the shipping interests Of
ths country declaring that the government should
economize in all IN It's expenditures and that tbs
be ,at en- from domestic productions and manufae
and The revenue OF the country be raised from
tobacco spirits and other luxures. which we're adopsse
with much applause. -
eress be- requested TO loan the South $50. 900 090
The resolution was opposed oy hessrs wetnorel, OF
Philadeluha and Atkinson, OF Boston, who consdered
tho proposition the struggle Of the planting States
and said effect OF such proceeding woula % 70
pauperze the South still greater extent tnsn nos
Ia The would last the South Only 'S
months
was advocated BY Messrs Nazro and Ropes Of Boston
The resolution was referred TO committee OF one
from each delegation x
The following resolution vas unanimously aaopseov
Resolved, That this Convention has heard with dsep
sympathy the accounts OF the desuion and sunerln4
existing In the South and would earnestly express me
hope that Congress, in IT'S wisdom, will devise sush
measures Of relief az will without loss TO the govern
rnent stimulate the industry and speedily aud perma
neny restore prosperity IN that section OF the coun
Tho COMMITTEES Transportation made reporh m
cludng seres OF resolutions, two OF which are a. FOL
lows .
10 the Congress OF the United states incidental 10 in
penary regulate commerce with foreign nations
OF the States In crested In which
win make certain the openins OF ship canal Adequate
pass vessels Of one thousand IONS burden from the
- feag hann nf hQ IRA
Mississippi river
Resolved That free ship channel around the Fa'A'
OF niagara viiay essential TO the public Interest," ana
is commercial necessity that demands the assens'sn
and the action Of Congress
The report was accepted.
Mr HArca, Of Buffalo. offered the following. whssh
laid
Resolved, That inasmuch as the commerce upon We
canals OF New York is NATIONAL and that The
people OF all the States interested 10 cheap uan
spor,aton between the food consuming states Of sns
Atlantic and the odproducing states or the Wss that
this Nationa! Commercial Convention do recommend
Congress, after the Usual survey and report OF ans
government engineers before The expenditure OF
public money to appropriate sunicien. money TO
improve these transit lines OF inland commesee
10 their utmost capablity TO- the transportation OF
western PRODUCTIONS in the ohape and shortest sins
TO any city; provided that tho people Of ms
suas, IN their laws or adopt in their oonstussn sec
after The payment OF all debts consastod Tor
the construction or maintenance OF canals thereansr
they will levy greater tolls upon property
transported upon their canals than shall be necessary
for their repair or further Improvement
Mr. soBEy, from The Committee on Foreign Commerce
presented lengthy report esultng in q recommends
ton that the following resolution be passed.
Resolved That this Convention respectfully ana ear
nesty urge npon Congress OF the United States the
OF such or rciof to tbs foreign and
domestic OF the United States shall enable Hs
10 compete with the commerce OF other nations on
the ocean, and thereby permit tho promoters Of our
merchant marine 70 regain Tor our country nsr proua
driven by the late war OF the rebellion
General WaLBRDGE OF New York. offered the Sollow-
ing which referred TO the COMMITTEES on nsnspor-
| tRti0n.
Resolved, That this Convention considers important
Union that the national government shall now promptly
exercise the constitutional right vested In IL to regulate
| the means Of trade and commerce between ths
| American people in all sections Of their svB
country, IS il has always done y refer.
foreign ns,ions and thai. holding these opinions this
| Conventions hereby RECOGNIZES the propnety Of Gen
Hsssoaal action in na!ionazina the railway system z
ali over the United states wbensSsr and wherever ths
s annoy from any local legislation. whereby
spscuators have TOO frequently controlled state fAgis
in the way Of business men and capitalists whs have
strven and striving to provide better facilities
States States : 40 ''' ''1'-' '''A1' - '''''-
Commerce and Finance submitted reports The subject
OF the report Of the Committee on Foreign Conmercs
pressed coudt,ou' and After rsvswas the sSppsns s
terest nsrsuIsd BY England and France, and
l comparing the same with tho course pur~
| ssed in this country, and showing the de-
Of american shipping the committee resommsnd
tbs passage Of resolution urging Congress TO enact such
Of relief 10 foreign and domestic commeIes Of
the United states shall enable 10 compete with the
commerce OF other nations on the ocean, and thereby
permit the promoters OF mechanic marine 70 regnI
Tor country her proud position the high Deas,
from which she has been driven BY tho late var u the
l rebellion
The repor. was accepted and tbs resolutions were
1 adopted
Tho Finance Committee reported long series Of
lutons which favor gradual approximation OF the Legal
tender currency 70 specie standard by commencing -
the 6rst Of January refund three million doA
currency per month, and bold thai the national homer
and faith require that the government should nola
itself o. the right 10 pay on the unsD hs
resumption Of specie payment and the government
| curiues be paid In gold or its equivalents. !.
free banking system was Advocated and the makine
Of seven cent the uniform rate Of interest," - ala
| except where any other rate Ii agreed upon.
minority report contemplating the immediate re-
dempton OF compound interest notes was Bubmiele1
and rejected Western delegates objected - consrsssios
I NJ present
The committee expressed itself in opposAion 70 the
| proposed change In tho value Of our gold coin.
The Convention adjourned.
! The report OF the Finance Committee will be eossA-
| cred and acted upon tomorrow, whom u b pvesumee
! the Convention viii dissolve.
shortly after two O'Clock the delegates proceeded In
body the State House. where they welcomed by
Governor Bullock and President Brastow OF the Ssnais
In brief addresses 20 which President Fox, Of the Csa
This evening tho delegates are receiving the Aesp-
aitlee Of Boston Board Of Trade ct the American
House.