Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-05-20
CONVENTION.
Second and Third Days OF the
Great Southern CONNER
cial Convention.
To.Day's Proceedings up to Noon.
Report OF Logan III. Roots, as Chair
man, of Committee ON Pacific
Railroad.
other Reports Submitted on Direct
.n Trade, Etc.

Yesterday the Opera House wal
crowded to it's utmost capacity. The
people in the city, whether residents OIL
from abroad, are impressed with the
belief that this Convention means some
thing, and that its deliberations, marked
by such decorum and dignity, will have
an influence throughout the land and Q
bearing upon the legislative councils OIL
the nation. That such may be the case
is fervently hoped. Few such solid look
ing bodies Of men have ever been assem-
bled in the countryfor any purpose. They
represent capital, ripeness Of years and
experience, big enterprise and profound
intellect. From the counsels of such
men the country has q right ia
expect wise Suggestions, well ma.
tured plans and eventually fine practical
results and q better era. II is not
strange, then, that the first gallery was
filled with ladies and their escorts yester.
day whe kept their positions nearly all
day, and that the crowd, uncomfortably
large, watched the proceedings with
breathless interest. Everything sub
mitted thus far Of general Importance
has besn referred to the various commit
tees, Who are hard at work in their re.
spectiye rooms, and to-day will doubtless
submit their principal reports.
Afternoon Session Yesterday.
Our report of the Convention proceed
ings yesterday included the forenoon SEES
sion, and we resume now with the opening
of the afternoon session at three o CLOCK,
General Anderson being in the chair, AID
Secretary Pitch. With his various assis,
tants, in their places.
DR.. J. NJ. Keller, of Kentucky, alluded
to the difficulty of hearing the delegates
from their places on the floor, and moved
that the speakers be required to 60 for
ward and speak from the platform. After
spirited discussion it was laid on the
table.
Mr. W. 8. Hastee, of South Carolina,
offered resolution instruoting the Fl
nance Committee to propose memorial
to Congress, asking for relief for the
South.
The basis Of the relief asked for to be
founded upon the hypotheostion of tn,
bonds of the several Southern and South
western States with the United States
said bonds OF the States having twenty
years TO run and bearing an interest o.
six per cent per annum, payable semi.
annually, and receiving in lieu thereof
the bonds Of the United States bearing
six per cent interest per annum, payable
semi.annually, and the bonds maturing
at even time With the State bonds (twenty
years..
The funds realized from the sale OF the
United States bonds 10 be invested in q
National Bank to be located in each State
With such checks aud balances as the
wisdom Of Congress may direct
The amount asked for ip DO event L
exceed one-ffth Of the banking capital
possessed by each State on the LIST o.
January, 1860.
Referred to the Committee on Finance
The President read the following tele,
graph dispatch from New York:
EEw YoRE, May IS. 1852.
To the President Of the Southern Commerce.
Convention. now 10 sessions
Will the Convention favor the estab
ment obligations not exceeding that paid
on English consols, and thus rebuke thI
pernicious example of the majority o
those spectators and boudholders WIT
constitute onr Boards Of Trade, or give
an intelligent REASON why we should ut
terly ruin our country by further con
tinuance Of our present financial system
Wall the Convention urge Governmen
sid 10 promote water communication 70
vessels Of Eve hundred tons burden be
tween the Ohio and James rivers, an
for those Of one thousand tons burden be
tween the upper lakes aud the sea
HoRACE II. DAY,
PLIsKY FKKEMAs,
Referred respectively to committees OF
Finance, Canals and River Improve
meuta ..t.....I .....-
Colonel ]. I. Trezevant submitted ID
following;
Resolred, That the President Of thi
Convention shall appoint Eve commit
tees, Of three members each, who shsl
prepare memorials to Congress 10 beha
Of this Convention upon the important
First. OF the Government granting {
line Of steamers on some sthef South
Atlantic sesports and Europe, such Ill
erai aid as was granted TO the Collin