The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-12-08
NATIoNAI BOARD OF TRADE.


| CINCIENATI, Dec. z.
Mr.. Holden of Milwaukee as chair
man OF the Committee substituted a
brief report. The first resolution OF
which is, that Congress should deter
mine the time for the resumption OF
specie payments. 1t was debated by
several members, some of whom wish
one time and some another. That of
MIR. NaZr0 OF Boston was brought to a
division in which he wished TO add
the words mot later than the first of
July 1871" which on a division was
lost.
Mr.. Holton in proposing the second
resolution said, that no gold should be
sold until tho National Banks had in
He said that the Committee had pur-
posely determined to avoid details as
10 time OF action, leaving much to the
wisdom of Congress.
MIR. Taylor, of st. Paul, congratulate
ted the Convention rs much on what
they had left undone as in what they
had recommended. He fnstanced the
success ofthe Canadian ParliamentRnd
ministry for the able finance they had
shown In the resumption OF specie pay
mentS. He went into a clear detail,
and concluded by saying the United
States could do the very same with the
same success. He proposed Congress
should prohibit all notes OF less value
than ten dollars.
The previous question was then
moved, whereby the resolutions of the
Committee were carried.
The other resolutions were, that fur
ther sales of gold should be made, but
for the purchase OF 5-20S, and all bonds
SO purchased cancelled. That gold con-
tracts should be legaliZed, and the ma
tiopal honor and faith requires that the
Government should not avail itself OF
the right to pay of the $40 bonds until
by general resumption OF specie pay
ments the public debt as IL natures can
be paid in specie or its equivalent,
were also carried.
Mr.. aolton presented a resolution,
offered by Mr.. Gano, which was not
agreed to by the convention, resolving
that Congress be urged to amend the
National Bank Law SO that quarterly
reports at the specified times be dis,
pensed with, and that instead, each ma.
tional bank shall be called upon by the
what Its condition may have been on q |
a designated day. The resolution was
adopted.
The Chair announced as the next
business in order, the consideration of |
the resolution in regard to the Govern |
ment adopting the telegraphic sytem in |
connection with the postal service.
,
lutions, declaring that the present tele- |
graphic system did not meet the wants
of the country; that the experience of
the past few years have demonstrated |
the fact that telegraphic communica- |
tton can be 80 extended and cheapened |
as to place itwithin the reach OF all class.
IS of the community: that the atten-
tion of Congress is called to the subject,
and should Il be deemed advisable to |
build, buy or lease the telegraph lines
now in use, it is the sense OF this
board that it will facilitate its working,
and prove beneficial to the whole coun.
Try.
Mr.. Buell., of Albany, offered reso-
luton that the government should not
unite with the post Office department.,
the transmission of messages by tele-
graph; that in the effort being made for
he adoption by the government OF the
telegraph, we recognise a dangerous
precedent. The motion to lay the
whole subject on the table was lost.
The report of the committee favoring
the purchase of the telegraph was dis
agreed to-yeas, 25; nays, IS. Mr..
aud MIR. Bueil's substitutes
we're also rejected.