The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-02
NATIONAL BOARD OF TRADE.
Cordial Reception Of tho Board by The
People-Large Acknowledgements
and Addresses-Prompt Despatch
Of Business = The Subjects
Discussed.

OF Business = The Subjects
Discussed.
RICHMOND Dec. ], 1859.
The National Board Of Trade commenced Its SEES
sion here to-day The greatest possible interest was
felt by the community In the proceedings, and the
hall OF the House OF Delegates was filed with the
members OF the Richmond Chamber OF Commerce
anxious to hear the discussions on the questions
prepared for action by the body. So far there is but
one sentiment In regard to the debates, and that Is
that they have been characterized by great ability In
every point Of view. General Walbridge's address
was listened to with great attention and seemed to
produce marked effect To-day the Board made
rapid progress in the disposition Of several OF
the subjects before them. The questions OF
trade statistics, exchange OF reports, uniform
inspection OF hour and grain, measurement
OF grain, tares and short weights, uniformity IN
executing conveyances OF land uniform tax, united
States District Courts and local trading licences,
were either referred TO committees or disposed OF
by direct vote OF the Board An animated and
deeply interesting discussion LOOK place on the
question OF local trading licenses in which certain
prominent Northern, Western ana Southern dele
gates took an active part, and their respective In
terests were advocated in a frank but friendly
SpiIlt. AlteE otDdIei WHICH LOOK tlt
widest latitude it was almost unanimously
agreed that the Legislatures should be re-
quested TO abolish all State legislation
restricting free commercial intercourse between the
States. II this Is carried into effect certain prohib
tons against the free sale OF commodities by parties
from state In another will be materially changed
for the benefit OF the commercial interests OF the
country.
The feeling OF the people towards the visiting
members and their lady friends is OF the most cordial
and sincere character The most amcabe spirit
pervades, and The most happy results are already
mannesting themselves IN the visit OF the National
Board. The address Of welcome of Mr.. Burr was
mos, warmly applauded by The whole delegation.
-
Proceedings Of the Convention.
RICHMOND, Dec. /, 1859.
The National Board OF Trade met at noon IN the
Capitol. Frederick Fraey, OF Philadelphia president
IN the chair.
PRAYER AND ADDRESS OF WELCOME.
Prayer was offered by Rev. Charles Mlnnegenode,
Of the Episcopal Church. Thomas McCauce, OF the
Richmond Chamber Of Commerce, submitted an
address Of welcome. The address is as foows:-
Before to the regular business which has
duty on behalf members Of the Richmond Chain6er Of
Commerce, and may add OF this community We dcsre in
with which We meet you here in the Capitol of the Old
we with warm greeting tender
you most cordial welcome i shall be sndeavor 10
make you feel at home In our midst We greet you not only
personally, but the representatives of communities
Of our scattered oyer every part Of this beloved
this opportunity cultivate with them that spirit fraternity
which should animate this whole descendants of
moving together toward destiny; we bid
these uned ses ouSh Of Seh ud
growth and arrived at such high prominence among the
mature questions financial policy are con-
nd
patriotism to decide them to subserve the highest
a q s $ S as IS h s
ton OF public sentiment connection with these
commerce and intercourse are The pioneers of aud
plenty As they advance prosperity follows and dscord and
spirit enterprise anity shall break down the
natural ana artificial barriers dividing the States into
snona unite me whole people IN inc BOMBS OF peace and
nation.
Th3 address was received with applause.
q ( REPORT OF TIE EXECUTIVE COUNCIL
sderreport OF the Executive Council for the pas,
year was received 1t shows that the National Board
consists OF thirtyscyen constituent bodies and 16 OOl
business men. Among the most prominent ques
lions to come up. " states are weights and meas
ures conveyance OF real esase, regulation Of JOINT
stock companies, legal rate for use OF money and
the relations between debter and creditor
In the report was tribute to the memory OF James
the National Board who was accidentally killed last
summer. AT TINS point the members OF the Board
rose ana heard the tribute read In silence.
ELECTION OF PRESIDENT FOR 1870.
The Board then proceeded to elect officers for the
ensuing year. Frederick Fraley, OF Philadelphia, was
elected President.
In taking his seat he said that he had almost
known the commerce OF this country from It's
infancy ana had watched Its growth to Its present
lie could afford to overlook Its claims to ignore
The action Of such representative body as this.
lie thanked the Board for the great honor done him.
VICE PRESIDENTS.
The Board then proceeded to the election OF vice
X. A. Kirkland, OF Baltimore: Avery Plummer. OF
Boston; G ). Hazard, OF Buffalo; George Opdyke OF
New York; ". \. Eagan. OF Chicago; J. A. Gano. OF
Tor, OF ST. Paul; J. J. Porter, OF Louisville; Z. ID.
nallen, OF Milwaukee; D. J.. Burr, OF Richmond; j.
II. Brown, OF Portland; l.. r. Shrrock, or st. LOUIS
and w. l.. Trenh0ln OF Charleston.
ADDRESS OF GENERAL HIRAM wALBRTpGE.
General Hiram Walondge, or New York. then
delivered the following address:-
Mr.. PRESIDENT AND GRSTLEMEN-when addressing a
body such as see before me- called together
individual interests but assembled confer upon that
mos, vital Interest he webeps and prosperity Of the
development would be false TO the
aside political craftsmanship in every sense
tits, however, impossole not TO refer in degree
elnment intimately connected with material develop
enlarge our conceptions as to look beyond the
horizon a when pn pss9r1s s VIRGIN
lift ourselves to an elevation from which Its wide boundaries
y % best he win ys
lavish hand Of nature has strewn
Nothing In the past IL like the present History barren
q presedens e guide the public q this generation
No such Responsibility has perhaps ever fallen upon
Ties should be met bravely fearessly and honestly.
It Is the high duty OF ths Convention suggest
which the hidden territory
be rendered available believe the fortunes of the
public greatly depend the speedy development
wealth buried in the land. looking
of the government proper
tain its existing obligations.
The public debt OF the United States the LIST day OF No
venlber, 1862 IL officially given-
Debt bearin interest In coin. 81 lU7 gc6S00
Debt bearing interest In lawful 6l640U0
On demand and pension... l,2il,y0
total OF inerespayng debt Of So, l707 -S1o0
which Interest has ceased. 43eagS5
Debt bearing interest al sS0,EO
From which deduct coin hand In the Treasury
leaving whole OF public debt 80 ass 1901
decrease In the March TO November l. 1852 of
6s 07 and the debit at the date OF speaking has
been sill further reduced to *7J, 100000.
fall short of t1IS QUO 900 In
rcncy to expens Of administering the govern
nent which last year H2!a,eI5Oss, and have