The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-07

Passage OF . Resolution Favoring Improve.
ments In Western Rivers and Southern
Harbors-Report Of the Committee ON the
Resumption Of Specie Payments.
RICHMOND, Va, Dec. 9, 1889.
At the session OF the National Board of Trade to-
day delegates from the Louisville Board was
received. The Executive Council recommended Buff
falo, n Y, as the next place OF meeting Hamilton
A. Ill., Of Boston, was reelected secretary Of the
Board.
General Candy being present was invited within
the bar.
The Committee on the Improvement Of the Ohio and
Mississippi rivers reported resolutions asking Con-
ess to make appropriations for the removal Of the
obslructions to navigation In those rivers especially
ct the mouth OF the Ohio. and the rapids at Rock
Island and Des Moines, ana to provide that the
bridges over the Ohio should have span 400 feet
long, and the brides over the Mississippi above the
mouth OF the Missouri one span 300 feet long, and
eli 80 elevated Is not to obstruct navigation, and
that piers or these bridges be located BY the govern
leave out the clause fixing the length Of the spans
and as TO ask Congress to improve the harb0rs OF
Mobile. Richmond. savannah and Charleston, ana
The Committee on the Resumption OF Specie Pay
ment reported resolutions, first, arirming that the
ation OF the specie standard OF value; second,
commanding TO Congress the issue OF four per cent
and intsrss. in gold, which may bs exchanged Tor
greenbacks at par, the greenbacks to be thus with
drawn until the amount outstanding does not ex-
S Sf new national Sanss in those parts o.
the sony Snfa nave G no
to exceed the amount OF legal tenders Withdrawn
from circulation ana IN no case 70 exceed hall
be rexuired by law 70 retain the coin received Tor
interest on bonds deposited TO secure their crcua-
tion until specie payments be resumed.
Messrs. OPDYKR. OF New YORK. and Hostile. OF
South Carolina, offered minority reports approving
the present financial policy Of the government and
Mr.. GRUDB OF philadelphia, offered substitute
proposing to work the United States Treasury with
such private capital may be necessary addition
to the public money, ~ bank chartered for term
long and general discussion followed the sub
mission Of these propositions. After debate all the
propositions were defeated, and in place OF them
majority report declaring s belief that the resump
ton Of specie payment Is an imperative necessity.
subject be printed and transmitted to Congress.
The twenty-nfth proposition, looking to q uniform
rate OF interest In the country was debated briefly
The third proposition, for uniform inspection Of
hour and grain, was indefinitely postposed.
repeal all the duties on railroad iron and shipping
materials failed TO receive Q two-thirds vote and
was defeated. Another resolution requesting Con-
The twenty eighth proposition. urging the revision
Of the tariff and revenue laws 80 Is to render them
harmonious with each other just to every class OF
the community and to each State In oil their pro-
Visions, was unanimously adopted.
The thirtieth proposition, recommending repeal
OF the law cOndemning vessels 70 cOnfscatOn for
the acts OF the officers, crew or passengers which
are beyond the control OF the captain or owners,
was adopted.
the thirty first proposition in favor Of uniformity
OF coinage among tRe commercial nations Of the
world was adopted.
The recommendation Of last year for the passage
OF the Civn Service bill was renewed.
resolution was offered by MIR. WALBRIDGE endors-
ing the National Exposition to be held at Washington
III 1871, which was adopted.
A tribute Of respect to the memory OF George Pea.
body was adopted.
Buffalo, N. r., was fixed as the next place OF meet
ing, and the first Wednesday Of December next rs
the time.
the Board adopted resolutions OF thanks to Presi-
dent Fraley for the able Of presiding, and to
the citizens OF Richmond for their hospitality; and
the Convention then adjourned sine die with three
cheers for Richmond.