New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-05-03
TIE BOARD or TRADE CONTENTION

TIE B0ARD or TRADE CONTENTION
MEETING OF DELEGATES FROM MILWAUKEE,,
DETROIT, TOLEDO, OswEGo, BUFFALO AND
NETWORK IN CHICAGO-ADDRLt5 BY THE
PRESIDENT, AND RESOLUTIONS.
The Convention of Delegates from the Boards
OF Trade Of Milwaukee, Detroit, Toledo, Cleveland,
Oswego, Buffalo, and New.York convened upon the in
vatOn OF the Chicago Board OF Trade last Wednesday
IN the Sherman House. j. ~ Richards President OF the
Chicago Board OF Trade, was chosen President; the
Hon. ID. g. Bennett OF Buffalo, Vice-President; and
Charles Randolph of Chicago, W. P. McLaren
OF Milwaukee, and j. D. Cook OF Toledo, Sec
reares Upon taking the chair the President explained
the object of the Convention follows In the early
part OF the present month received an Informal re-
quest from excellent end honorable friend, the Pres
dent Of the Milwaukee Chamber OF Commerce. to invite
Convention OF the Boards Of Trade Of the lake ces to
consider and act upon the question OF cheapenlng trans
pOraton OF the products OF tho Western States to the sea-
was offered and passed by tho Chicago Board OF Trade
10 witt - -
Of the Boards Of Trade Of Oswego Buffalo Cleveland Toledo
Detroit Milwaukee and Chicago to be holden In this city az no distant
Transporting he SR''61S Ss tie
those respective be invited 10 meet With this board through
Ike committee such time and place the directors may designate Tor
In more formal address from the President at tho
afternoon session he the following interesting re-
Sae OF iaets IN tne year is mere was o5 ar S
Central Railroad 3G69 tuns for the year ending sept
80 1862 the Erie Railroad for the time, 39OsA3
tuns; on the Pennsylvania Railroad for the year ending
Oct 81 1865 47s!65. making total for the three ra
It will be that the unnage these three railroads
Is about double that OF the Erie Canal while by adding
the Baltimore and Ohio, the Philadelphia and Erie ana
the Grand Trunk Roads the total rail tunnage exceeds
three times that Of the Erie Canal The total unnage or
all the railroads in tho state Of Pennsylvania
tuns. or six aud onehaf times as mueh 1
the Erie Canal II railroads. then have taken the lead
in the OF freight carried 1t is clear ha the vau-
able property OF brcadstus will be carried in that way
The total amount OF agricultural productions carried
a Y
roads in 1868 69IOl2 tuns and in 1867 772G2o
lt Will be that while In 1868 the New York canals
carried three and half times rs much as the two New
York roads In 1861 the roads carried than halt
much the canals In 1861 all the through lines OF rail-
roads must have carried more breadstufs than all the
through from East to West had not begun and no grain
OF consequence was shipped Eastward by rail- since
1867 the increase OF rail shipments OF grain ana
produce Eastward has been enormous, while
the canals at best only keep MP with former years
and further, the railroad business is daily ana con-
stanty increasing aud they cannot now do half the bus
near the quantity OF the business they could do Until
within two years grain was transported Eastward by
rail- while from January to April u OF ths year, more
passed through Toledo by rail- Eastward ThreefouTtbs
Of this amount arrived at Toledo by tho Toledo and Wa
bash Road and mostly from Central Illinois The
Now-York Central is also fed by other roads coming
into Cleveland. Surprising the Michigan Central
each carry as much as went by Toledo and
the Grand Trunk half much, and we have total
and half months These roads this year. for the first
time proposing customers TO carry grain through the
Summer months IN competition with the lakes and canals
but this grain Is largely going direct from the producers
10 The consumer and ought to 80 through Chicago The
ss Ought S be the cheapest route for most OF IT,
il is going through by rail 1 have the authority
OHIO Railroad for the statement that grain
can DO carried cheaper from Chicago TO Bali
more than from Odn Southern Illinois latitude OF ST
Louis 10 BALTIMORE and the reason for this Is that cars
DO loaded westward to chicago ana cann W, 70
smaller towns. All the grain from Illinois 70 the N9ILn'
West should go through Chicago and Milwaukee and the
reason not IS high local tariffs on our IaiIoads
high charges for handling here ana an on
the part q the roads starting east OF here 10 TorH os as
cheap as those running east d ,To Central Illinois here as
does to take It 10 the consumers door IN en- gt
is so Tch and vast that these roads get enough 70
do aud are ee!ng rich our CITY o U9 miss the loss Of
this business but would grow stil faster II we had IT,
IL 10 me that our mutual interest - 20 OU iIua
freight railroad. on railroads passing IRON oniGaEo
through your cities TO that snaL 90 n sr9
profit over New York city Will retain tho foreign
commerce OF the country bH se 100 Will ST9 aD lie
% C"mmittee appoined TO lay out plan OF action TO
c aSoutc by the Convention reported In the evening IA
follows Tue Committee appolntedV TO recommend q
man of action for this Convention has very briefly consd
cred The subject aud report the following preamble ana
resolutions, TO VIII L. A., ,,,.. Of m. p,oJ,e. n
me Eeb and west Dung year the agricultural aad CONNER
e Interests q tbs section 81 op .Sso h hs charge. @ Transport
ing rlsvng and nsuGg farm products she IN Na, 70 oe.
r. Of the will compel proinci 10 seek other SUD ehpr
rouss present old established lines OF transportation ahod
d Tb,t for the purpose Of eaeDg the objects Of this Con
vuon We recommend the appointment Of the fooHug Com
% committee to upon the Board OF Commissioners Of the
F, C,, ad upon 81 the state OF NevloIk 10 en-
Of Of toll Eastern bound heights
canals and that We COMMITTEE Os 'qsea W m'' ~ OA! w
Si That committee appointed 10 wait the Of ee
railway
ng ou the the Boards Of UnieNnters 10 elect "
uoS, reduction 10 rate, clsIng for transportation aud for
Ip,otsnce Tor Western produce 10 transition
confederation OF the project OF
during ensuing the Of pressing
yre,, the necessity tng tie state Of heVlOri 10 the
ta Of produce Zee Toll and II hasten the bulldog Of the Nj
-. .siaiittsd y. H. WEST Chairman
ThSse resolutions were adopted and also tho follow
ing afterward introduced: .
fod That ths Convention clearly realize the importance Of u
spg The capacity improving facilities ani equipments OF
construction development
10 will furnish the hest ard cheapest channel
Tor tie produce from the West TO The East an We recon
boards here that they take Into consi
n M. Of securing water communication from
Ies 20 Of the largest class navigating the
s ard present through their representatives al the next
peetsg ofthe National Board OF Trade a., -,
All the speakers seemed strongly impressed with tho
immediate necessity OF doing something 10 prevent vi
verson Of grain To the Mississippi route
committee appointed TO wait upon the Board OF Com
mIs,oncs ETio Canal and upon the Legislature Is
compOsed the following gentlemen Duncan stewart
~ betroIt Daniel @. FOOte OF Osweg0 L. j. King OF
Toledo Inc Hon. d. s. Bonnet, Buffalo; h ID. Holton'
milwaukee,; ~ X Fairbanks and j. G. Dore OF Chlcago'
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LECTURES, MEETINGS, &c.