New-York tribune., 1869-05-22
THE MEMPHIS COMMERCIAL CONTENTION.


REPORT OF THE COMMITTEE ON THE MISSISSIPPI
IEyEEs-CoNGREss TO BE MEMORIALIZED ON
THE sUBJECT-TIIE CONVENTION FAVoRS TIE
REDUCTION OF THE INTEREST ON THE PUB
TIC DEBT, AND THE PROTECTION or MANU-
FACTURES AND MINING
MEMPHIS. May 81. - The Convention was
opened this morning the usual hours numerous letters
and telegrams read from distinguished persons eA
pressing regret at their inability to be present and sym
nathisinc with and indorsing the work already done
also one from Gen Beauregard stating that the delegates
10 the Eew-Oreans Convention would be passed lree
both ways over the railroads hence to that city, also the
following:
"NEw YORK May 2O 1SC9.-our most cordial thanks 10
Our bonds are quoted on the Paris Exchange at ~ III
gold j. c. FREMONT, for the Directors"
The Committee on Direct Trade made an amehueu 10
port meeting the Objectionable clauses discriminating jill
favor OF Norfolk ndosing the direct trade schemes
nanguraed at other Southern ports and the report WI"
unanimously adopted, recommending the GoVerhlnen'
10 establish Bureau Of Manufactures, and mining uh
der the supervision OF the Secretary OF the Interior
The Committee on the Mississippi River LeYees ana
improvements made elaborate report showing INC
necessity OF improvements. and asking the GoYerhnon'
for aid in removing the bar at the mouth OF the river
protesting against the construction OF any more bridges
over any navigable stream unless capable OF permitting
the passing Of the largest steamers at high de; aso
report on the subject OF the levee in favor OF asking e
dOrsement OF the bonds for this purpose when he
atures OF the States interested shall have provided o
moralize Congress the subject reported at Nor9lh
indorsng the direct trade schemes inangIsted az Ot
Southern ports; and the report was unanimously auOpe
The Committee on Finances ana BanKi6S n nTSe
Congress to so amend the Banking Laws as to give the
Southern and Western States fair and equtaDio pIo
poron of The banking capital and circulation. either by
Redistribution or Increase AS their wisdom may uete
mne that the Convention favor tne reduction VI .o ~
terest on the National Debt by any means conslsten
wifi tle
to the public creditors that the convention
commend the Legislatures OF the various States to repeal
a usury OF other laws which tend to impair the validity
Of contracts, that capital seeking investments may Ge
rendered more secure;" which was unanimously adoped
Various resolutions and amendments were offered Du
were voted down. -
subject which was referred TO the Standing Committee
The Committee on Manufactures and Mining repofted
I'm favor of recommending the Legislatures OF the various
states to encourage manufactures by the enactment OF
laws freeing the capital Invested In mining ana manu-
factures from taxation thus inviting the world to bring
its capital aud put II TO work TO develop our internal re-
for the manufacture OF raw material ON the subject OF
mining the Committee asks further time to prepare
The report was ably supported by Gen. Acorn Of Mis-
sissipp and the Hon. Erastus Wells Of Missouri.
Various resolutions offered as substitute. The
report adopted except that portion referring 10
bridges, which was recompitted -, ,,...,-...
Tie Committee Agriculture and General business
reported In favor OF publishing the preliminary reports OF
Commodore Maury on the physical survey oi virginia
also for the appointment OF committee OF three from
each State o solicit aid Tor tlat purpose also ior co
mtcc Of five TO memoriazc Congress to ad the plans
connecting various llNelt da hugEtsltu W
dore Many; and that said committee also collect all
statistics this subject and present the report 10 inc
next Convention: the report was adopted unanimously
also for the appointment Of standing committee OF nye
TO lnemoliaze Congress subjects indOrsed by the
Convention, and not referred 10 special conmittee
which was adopted: also, for committee Of five 20 cor
respond with the Board OF Trade at Manchester on the
subject Of cotton culture which adopted: also. that
the Convention heartily approve the bulk grain move
ment recently nauguratcd between ST. Louis ana Liver
pool via New Orleans which was adopted. .
The Committee Railroads reported at great length
in favor OF pushing forward tie roads now being con
gtrncted approving the action Of the Legislatures of Ar
kansas aud Alabama granting aid 60 the Taroadsaso In
favor OF eyeeng the Mississippi 10 make the eyee
road bed; showing the importance OF the completion OF
the various roads under construction. aud asking
Congress 90 grant the hight OF way for railroad from
Norfolk 10 ST. Louis Via Louisville
Gen FeatherstOuo offered ali amendment recommend
ing tho construction OF railway nom Ship Island 10
Jackson Miss, which adopted. Also an amendment
asking Congress abolish the duty on railroad iron
which was adopted.
The report Was adopted, with the exception OF tho
clause asking Congress 10 grant the night Of way 10 Nor
folk and 81. Louis, which was rejected.
The Special Committee on limo and Place for tho
next meeting reported In favor OF hIoher consultation
AT Ionsylc KY on the 18th Of October next also for
"A Committee OF from each State 10 prepare cOust-
tuition 10 De reported at the next meeting, and that
the Standing Committee shall hold over, which report
adopted.