, 1869-12-04

Yesterdays Proceedings In tho Tn-
slDnnl NoAfd OF Trade at Ik{ch.
snoud.
RICHMOND. Dec. 3-1n the Beard Of Ttadt, th!s
On the urnEiehed busiueas OF yesterday, being q
resolution ior double Track railway iron the
een'Ie of the eource OF grain aud produce tn tho
@ Msst to ne Atlantic aeaeoard He showed taas q
starting evety ore mtnltes, having 1000 tr4lns on
the track with s&1oo cers IN conssant morton; SO
ss millions 81 ion. e.o 1ee 81 9n,
WBser tine, with boats Of ~; tons, md double
iecks. AID used on,J 800 days In the ye.r, would
hare caIaeitJ OF oEer sixteen millions Of tnus
II vote o! - to Is,
Ins y r5Srot'1 S'Ea,a sag
y Nj. NagleJ. ri Detroit, urging upon Congress
the recess,tv Of cDn6tfnctnc = ahip canal around
S,agaIn ra!!s nn. AL appous.ns eemm.tes to
notk. The resolution vas Advocated oy Mcssrr.
MHsess G ps'a; fF o sea S Yoa "a as
They urged 1t not only a. sectional hat nauon.
n ,'e necessity. The whole clipping Of the West
The Royeinnent some DAY, locked
up where It can never reach the OCEAN. The cost,
yaE1ouslJ estimated III ringing fsnu tdHp 90 to
Sts,ctt:Ns. Is no,hi9g. compared with The vital
necessity ftr It Here tss1 chain OF water lines
uD miles looG, opstructed By the Niagara Falls,
al obstruction which nay DC overcome tor few
OF her uwn cbuice. ne ra1t of the United St2&es,
ard The co1aEcrcc Of shls canal, cow to now
, through tie 81. Lawrence River. would then be
polng through otr Of our own rivera. The VEL
lard Canal. he only existing outlet for rros1uce,
except tue Efte Canal. eau only receive vessels
With o'au bushels Of Hs.o, while lasRer portion
AE. nupur. OF uoston, ba!d II must he evident
to all that The relations Of Canada are so3n To he
Changed Movements Ii that Domnlon Indicate
Il ln ytc* Of the important change, he thought
delsy IL action On th,s subject adv1Easle
Mr. TAYLOR. q st. Paul, RsEe history Of the
ada With tie CDIed States. ant tbs Causes Of The
Winnipeg war auh other moEemrnts in British
| Colun,b1a looking 10 the fame end. All thla, he
though, etFer Rthtned the argument for In
| nttaute sctlon- Tbs resolution was dcfeated Tor
| want .! twt-th!rIs vote: On reconsideration,
WAS adppted-a5ts, II nays, ~
1hc lsEh proposition, thu reg 1lation Of rail- waJ
freight charges, was then taken Up. a1r. K!ch-
ards, Of Chicago. offered resolution asking Coz
crcss 70 n1 The sa.e ~ be charged for transports
lion Of freight aud passengers on each railroad IN
the Cnited StaieP the rate 10 be based ou = res
sonab!e income froil the money Invested IN each.
| lie said many railroads had fictitious s.ocK Of
| several millions VI .ioials. aud 1pon thls the
public xas u atle to ray Interest. Railroads. were
!uble Institutions, aud subjec; u interference u
| the fsH-naktug rower.
| After brief opposition from Mr. Hastle, Of South
Carolina. the freotunoh waa tabled.
. The 1ssh, :otn: and :lss rronos!tions, referring
| 10 III JAMES ltfer i ktnaHta Canal anu North.
crn Pscltc HAti1nad, were postponed Until TO-
x resolution IN favor 0, establishing me,eoto.
logical observations 10 give warning Of coming
ktoi nlS on tile lakes aud ocean. for the benent Of
conme+ce. uas referred tothc Executive Council
The 23i proposition VIA taScu up. It comea up
f1om the baltimore boA.d IN shs snape Of reso.
| luton affirming confidence In the general
isv,ok tas ssre M q currency 10 i in,.sd Cd and I'd
| nsltnE the repeal Of that portion Of the law
l,m,'!Ee ths circulation OF National Back notes TO
on MOTION Of Ar. Roper, Of Boston, the asd
proposition, recommending TO- Con9resa the
adoption Of measuFes 70 hasten the restoration Of
Dotton Bossd Vas also taken up. aud both we're
Mr. k,rklArt, Of Baltimore, explained that
! though Proportion e came from tho baltimore
| Boatu It vas not endorsed b7 It. lie v-nt on to
advocste The rrtulopsion Of spccic raymcntA An
nppla0ded. uo offered q resolution referring
| thcse two propositions aud the 1sth. which 10
commencs tue repcal Of the tax on Sate Bank
uotcf TO conuittee, 10 report n this session oi
Nj. Ropes, Of Boston, said money, ike weights
@ on1 g. To
mcasurc and exchange val1es- Paper money ii
only ecrtlncate Of trausfeT Of reaf money. No
bic uutis the equilibrium Of values IL restored
isss e nov a.e ,nnated u sad hare been made 80
nust Eow reverse the process. The gove1nnens
must allow tue greenhacks to be funded,
capitsl and diminish their l!atlltIe9, This viii
not drtu,h INDUSTRY, hat only cacck i,leS!mate
sl~culA1ton. II II IL not done, then the a!terna.
ca,c, lie .ssur 81 ret cen, tatTfJ.yclr II nonis, @
eoula oe sold 70! rIeen1ack', then dra.p 10.
! should authorize the collection Of t1uties on In.
roriet say one-shtEd Or oue-hxlf in g1ecnhackz,
snd also to autiIortze the Secretary OF The T7ras.
ury to ahEer:1te, II gold to-day Is q! that he viii
se.l god the nret OF next mouth al one Of TWO
cents les, and the nfst OF each succeeding month
% nns of t. I've ee1ts les snan TIC month preceatn2,
ference between gold and currency.
MI. ord5re, Of New iort. Thought the safest
fully Maintaining The value OF The currency
nst,hss eknana,ng 1or contracting It. vo1une, bu!
Sy His. w. u s.sre rcsse;p',sp' ea' ee'e;ia IL
lseIse' plan OF return BY iae u,ae OF lei
oooble oor currency .o-hst. before year pissed
asaJ n4oneJ mould BIZ JuEs a seazse
" sts ss.;ss Sa sassss g &C., 'teps;st III &
llesed We t,ad tc-'av about as good currenc, a.
system was In nia:,y poiata IA improvement ii Of o.
the old system. Al ior the Ereenbacss. he thoasn
fsem 'hs fsssr IL which they we're held by III,
row declare them not legal tender, IN I mont
tary ~ntld bare reRaned their place IN popui4
eohtdcnce- The existing currency laws Ase abo1
has been curtsled 500, and The businees O
the country has not been affected.
NE Chttfendcn, tl New York, taId tho on!1
course that ever rToulsetf safe resumption O
specie rafn euts VIA the Flan Of SECRETARY sic
Cnlloch, that VA abandoned With what he feared
Noo!d beatssstrons rtsults. Speculation IN gold
kh9nld be stopped bF LnEEess, aud that Is til
OILY possible solution Of tue financial question
| There ead Lot bcen time In twenty -nye yeass It
| turtnefs In New York when fhe1s vas *
| little feeling OF prosperity Notwithstanding thu
| show OF arEal reserve IN the backs therr, be be
| lteses sudden leEaEh for $40, 0dNnk liz gFrru
lacSs would smash them. dc bclteTcs the Hpy
ett%bltthEtut Of n honest currency, and ever,
careful m2n thoud be getting ready TO meet thi
action By ealai!luG hts Indebtedness. He believe
t taat, tr:utH ashln9t0n, next Mnnday, ,xonls wonlt
De heard Indicating tnls purpose on the part Of III
ME. 7a,lor, O: ST. Paul. advocated treci.l us.y
year gold Innn hy the government, the 1rst n.
| II the pfoceets OF Which would he the Jeiemnt:o,
OF III uutcs. lie did not lhluk &S1,u01 00t OF thh
loan would be uted before the eo1csuuea1'
promises to pa[ Koqsd be as gooi as eoid. tn
oanks should then he required to He1een thel
notes Ii sTtcae or r1ttcd Ssa1ea notes.
Ar. Thomas, Of Philadelphia, Old not thinl
specse paJnlcuta should he rcsUmrd Huttl the Epr
debt
-Four O'Clock arriving, the boara ad,ou1ne*
I mill tO-nor10H.
Tho ball given In honor Of th boaru tonight, =
the Exchange Elotel BY the citizens. was spicn
DID sdatE, Attended By the beauty and fashion Q
the CITY.
KicnAoxn. Dec. s.-JudRc c. Il. Bexmhan ~
! General W1ckhau, WHO were appointed on the nc
publican State Committee By the meubers wh
appointment
|