New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-12-03
THE NATIONAL BOARD OF TRADE.

RICHMOND, Dec 2.-The Board of Trade
opened It's session this morning The business programme
was taken UP. The tenth proposition-Unifornity in
Corporation Lawswas referred to the Executive Coun
Gil. The eleventh proposition-A Government Depart
ment OF Commerce-was taken up resolution was
adopted Congress be requested TO establish new
department, to be known the Department OF Com.
merce 70 which shall be referred questions connected
with our foreign and domestic trade committee was
appointed TO memorabilia Congress to that effect The
proposition originated with the Baltimore Board OF
Trade, and Endorsed by Messrs. Opdyke OF New
York Wetherl OF Philadelphia. Hall OF Chicago, Ropes
of Boston, Cook OF Cincinnati and others It was argued
that Treasury Department. owing TO the pressure Of
could attend TO the mercantile questions or
the country The commercial community wanted de-
paytment on o footing with other departments OF the
Government with some eminent mercantile man at It's
head In Great Britain this had been done, and John
Bright President OF the Board Of Trade had been put at
Its head The merchants OF this country wanted man
Of their way OF thinking 10 lay theF wants oei9re
Congress Now the mercantile and manufacturing IN
Who are not familiar with their wants and it is time
10 lay politicians aside at least In these matters Inc
The nth 18TH Iitn 18TH and 10th propositions, refer
ring to the Improvement by the General Government OF
were referred 10 a Committee The nth proposition
asking tire regulation OF railroad freight charges by Con-
gress was postponed until tomorrow.
The 18th proposition, which from the Chicago
Board OF Trade the construction under charter
used exclusively for the transportation OF freight
from OF the chief source OF supply OF grain and
nrah II
Richards OF Chicago addressed the Board In support OF
the proposition He showed that during the past year
twothrds freight was carried from Chicago east
ward by rail than by In ten years from now not
one bushel OF grain would pass eastward by the Erie
Canal The Iowa and Mississippi now carry less freight
than along their borders The ran is last doing
away with water transportation when Is TOO SLOW lie
was replied 10 by Mr. Monroe OF Dubuque, advocating
the superiority of water lines
Mr. Taylor Of St. Paul moved TO amend the proposition
so as to provide railroads from San Diego California
along tho route OF the saith parallel, to Norfolk. Mr.
Wether OF Philadelphia moved proyiso that the road
be built without Government subsidy either III money or
lands. Mr. Walbridge OF NewYork offered as substi-
tute resolution requiring Congress to exercise what
ever constitutional power 1t possesses In the passage OF
railroad freight lines between the Mississippi ana the
Atlantic seaboard at such points as capitalists may guar
antee TO commence ana oomP'ete Inese b1o ,h &
20 have given the South Pacific Raiiroadbut the Rebel
lion interviewed But now that the country was as homo-
geneous had been once dscordant, the intentions
Should be carried III tho South did not get now
let IL again and again present It's petition The North
intended IL should have justice, and II would get It,
Mr. Kirkland OF Baltimore opposed the idea or the
Government building q. road; many States were in-
erested In the roads now built, and for one Maryland
would not be willing to see the Government Du road
still he would be willing TO see the Government aid the
Southern Pacific Road, II 1t had guarantees that the
would not DO squandered Mes5rs Opkyke VI New
York Love OF Chicago; Darlington Of Richmond, and
Chittenden OF NewYerk. participated IN the debate
Mr. Chenden said the mind Of the country was running
away about railroads They would De gotten rapidly
mercantile purposes without the Government
building them. 10 was the flood Of railroad bonds thrown
upon the country that would financially ruin loud aT
pausel and Ais Board could not put itself more un'
voaDy OH the record before the world than Dy indors
ing these Government railroad sehemes. The debate
took very Wide range and chiefly conslsted OF afHu-
nent and statistics TO show the superiority Of water
usportati0n over rail, and rice persd
After accepting an invitation Tor Trip On tuesday Dy
CITY Point and return by rail-, ana an invita-
tion 10 banquet given this Richmond merchants on
evening. the Convention adjourned.