The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-12-06
TIE x.ATIoM41 noARD OF TRADE

RICHMOND, December 4.-In the Board of
Trade to-day, the question OF specie payments
was resumed. Mr.. Hastic, OF Charleston, s. c.,
did not think this was the time for specie pay
Inent The South was not prepared for 1t, and IL
was TO her cotton crop, he thought, that O re-
sumption would at least be due 1t was better to
wait for this crop and the general commerce OF
the country to bring the currency to good value
He offered resolution to that effect.
Ropes, Of Boston; Trczevant, OF Memphis;
Campbell, Of New Jersey; Holton OF wisconsin
Herbert, Of baltimore; Chittcndcn OF New York,
and Cullen, OF st. Louis, followed, and the whole
subject was then referred to committee OF
seven, to report at this session on oil plans SUBJ
mltted. The committee consists OF Kirkland OF
Baltimore; Chittenden. OF New York; Ropes, OF
Boston; Richards, OF Chicago; lIoltcn, OF wiscon.
sin; Harper, Of Cincinnati, and IIastie, or Charles
ton.
The following propositions were referred 10
this committee: BY Parr, OF Baltimore, opposing
expansion OF currency, and favorlng legislation
looking to contraction and early redemption; by
Grubb, OF Philadelphia, Affirming that the cstab.
llshment by government OF q chartered fscal
head and regulator, combining private captaI
and endowed with privileges sufficient, presents
the surest remedy for present currency evils; by
Herbert, OF Baltimore to abrogate the three. .nfths
credit balance reserves, to prohibit payment OF
interest by national banks OF creditor balances
70 enforce redemption OF national bank notes 80
they may be sent back to their localities for re.is
sue and to require reserves to be held In the re.
spectvc bank vaults In money and not In credit
balances in other national banks ut distance,
and finally n repeal OF the ten per cent. tax on
the circulating Issue Of national banks.
The twenty-ninlh proposition, asking Congress
to require all American vessels under register TO
carry one or moro apprentices, 80 as to secure
supply OF efficient officers and seamen for our
marine, was taken up and the proposition
adopted.
The committee on the propositions relative to
the Ohio and Mississippi Rivers reported, recon.
mcnding that Congress make appropriations for
rendering navigation OF tile Ohio and MIsessIppi
Rivers free OF obstruction, especially at the Des-
Aoincs and Rock Island Rapids; that bridges over
these rivers should have one span over the chan.
mel, four hundred feet long and sufficiently high
not TO obstruct navigation; that In bridges built
over the Mississippi, above the mouth OF the Mis-
fouri, there shall be one span three hundred feet
long, and that the construction OF the piers OF
such bridges be superintendent by government ell.
gIncers. Tic report was received, to be called
up In Its turn.
Ihe twentieth propositon--thc James River
anu Kanawha Canal-wes taken up, with report
OF the special committee on the same, which sets
forth that continuous linc Of water communica
ton between tho Mississippi River md the Allan.
tic seaboard is imperatiycly nccdcd TINT the
James River and Kanawha Canal, IL extended to
the Ohio, has special prominence, ana TINT In this
worK oil private and cooperate proprietorshIp
should he first removed. then government should
grant aid; then, after the canal hos paid back
\ tho money spent on 1t by the General Government
Rnd State OF Virginia. 1t shall be free, the canal
Slleoting on tolls sufliclcnt for It's repair.
after advocacy by wciheril, OF Philadelphia;
) Trf svant, OF Memphis. and Jones, OF Iowa, the
tehprt nnd resolution OF Mr.. Monroe, for memo.
leli2ag Congress to carry 1t into effect, were
aantcN BY vote OF 80 yeas to Is nays.
coh%nittco on resumption OF specie pay.
.aens vas charged by the addition Of arubb, or
fnnaue'AlIa ns harrington, OF Richmond; Taylor,
VI s'' iautanN 0pdykc, OF New York.
At hi3ht 'rf was O dinner 10 the Borrd O.,