The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-12-10

+. THE NATIONAL BOARD OF TRADE.-Cin-
cinnati, December 7.-Mr. Holden, of Mil
waukee, submitted brief report of the
first resolution, that Congress should deter
mine the time for the resumption Of specie
payments.
Mr.. Nazero, of Boston, wished to add
not later than the lst of July, 1871 -;
which was lost. " 'n..-
Mr.. Holden, in proposing the second re-
solution, that no gold should be sold till the
national banks had in reserve their full per-
centage of gold, said the committee had
purposely determined to avoid details as to
the time of action, leaving much to the wis
dom Of Congress.
The resolution was then adopted. + -
The other resolutions were, that further
sales of gold be made but for the purchase
Of $40 bonds, all bonds so purchased to be
cancelled that gold contracts should be
legalized ; that national honor and faith
require that the Government should not
avail itself of the right to pay off the $40
bonds until, by general resumption Of spe-
Gle payments, the public debt as it natures
can be paid in specie or its equivalent.
They were also carried.
The report of the committee favoring the
purchase Of telegraph lines was dis
agreed to. H.4..
Cincinnati, Ohio, December S. Mr..
Monroe, of Dubuque, spoke at great length
on the subject of the James River and IA
nawha canal.
Mr.. Stranahan, of New York, moved the
previous question on the matter proposed
by Mr.. Monroe, and it was carried.
On motion of Mr.. Randolph, of Chicago,
it was resolved that the Convention adjourn
with to-day's session to meet in Richmond.
Mr.. Hazard, of Buffalo, offered a resolu-
tion favoring the enlargement of the Erie
and Oswego canals.
Mr.. Shryock, Of st. Louis, made few
remarks favoring the restoration Of naviga-
ton by Congress to that tributary of the
Mississippi river, the Bayou Manchac, con-
Meeting the Mississippi river with Mobile
bay and the Gulf of Mexico. a
The report of the committee on the sub
iect of taxation on cotton was referred to
the executive council. ........ ...
Amotion of President Fraley to allow q
certain portion of duties to be paid in legal
tender notes was lost.
A proposition from the Boston Board Of
Trade in favor of forty days. notice being
given by thesecretary was adopted.
A proposition from the Louisville Board
of Trade referring to Mississippi levees
was superseded by one on the same subject
offered by Mr.. Topp, of Mississippi; which
was carried.
A proposition from the Dubuque Board Of
Trade in reference to the Pacific railroad,
the Sioux or northern branch having di-
verted from the original course, was sub
mitted and lost.
A proposition from the Buffalo Board OF
Trade in reference to the New York Erie
canal was submitted and unanimously car
ried.
A proposition from the Cincinnati Cham
Der OF Commerce in reference to making
stated reports by boards of trade was &C.
cepted by unanimous vote. .asU
The Board of Trade of Cincinnati sub
mitted proposition in reference to local
authorities interfering with corporations
1t was referred to the executive council.
Mr.. Gano, from the Cincinnati Board Of
Trade, submitted proposition in reference
to the GENITAL system. 1t was referred to
the Weights and Measures Committee Of
Congress. .sa# .a1
Aftera vote of thanks to the Mayor and
City Council, the press, and the presiden,
and secretary of the Convention, the body
adjourned.