Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-02-08
NATIONAL Commercial ConYentian

WASHINGTON, Feb. Thursdays SEES
sion of the National Commercial Conven-
ton was mainly devoted to reports from
committees.
Gen. Dalbridge presented report from
the Committee on National Chamber of
Commerce. 1t provides that the name OF
the association shall be the Association OF
the National Board of Trade; its purposes
the PRONUNCIATION of the Commercial and
Industrial interest of the country, its men,
bership shall be composed Of one from each
Trade Board those having more than one
hundred members to be entitled to one ad-
tional delegate, more than FIVE hundred two
additional, and more than one thousand
three additional; one session shall be held
annually, and special session shall be fixed
by the bylaws. The details of the organi-
cation to be left to the Boston Board OF
Trade. The report was accepted.
A resolution Recommending Congress to
enact law for the Genital system measur-
ment on all produce of the soil after the
lst of August, was accepted.
Preambles and resolutions asking Con-
gress to so change the tonnage duties az
TO operate in favor of the shipping inter
ests of the country, and declaring that the
government should economic in all ways
in expenditure, and that the taxes be taken
from domestic productions and manufac-
lures, and the revenue of the country be
raised for tobacco, spirits and other luxu-
ries, was adopted, with much applause.
Mr.. Tale, of Louisville, offered a resO.u-
ton that Congress be requested to loan the
South $20,00000O. Referred.
Mr.. Ralling's resolution was unani-
mously adopted.
Resolved, That the Convention heard,
with deep sympathy, the accounts of tie
restitution and suffering existing in the
South, and wonld earnestly express hope
that Congress, in wisdom, will devise snch
means as will, without loss to the govern
ment, stimulate industry, and speedily and
permanently restore prosperity in that sec
ton of the country.
The Committee on Transportation made
a report including the resolution earnestly
recommending Congress- to cooperate with
any or all governments or States interested
in the measures which will make certain
the opening of a ship canal adequate to
pass vessels of 1000 tons bHrthen from the
Atlantic coast BY a channel of the great
lakes to the Mississippi free. A ship
channel around the Falls of Niagara is
vitality essential to the public. The inter
eat and commercial necessity demands the
attention and action Of Congress. The re-
port was accepted.
The Finance Committee reported the
Senate's resolutions which fayors the
gradual appropriation of legal tender chr
rency to specie standard, by commencing
on the first Of January next to fund
three million of dollars, in 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 fye-twenties until the resumption
of specie payment and government securi-
ties can be paid off in gold or its equiva-
lent. A free banking system was advoca-
ted, making it 4 seven per cent. uniform
rate of interest on all cases except where
other rates is agreed to. The minority re-
port contemplated an immediate redemp-
ton Of the compound notes, which was
submitted and rejected.
The Western delegates objected TO a con-
traction at present, and the committee ex-
pressed itself in opposition to the proposed
change of value for gold coin. Adj
iourned.