Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-12-03
From Richmond.
RICHMOND, VA, De-

RICHMOND, VA, Dec. II. III.
After the election of ce-Presidents and hear
ing the address of Gen, Walbridge the board adj
ourned for recess.
Walbridge's address opens with statement of
the national Indebtedness and the annual tax to
pay the interest on the national and State debts.
1t showed that the late slave States have heavi
or per capita tax than the free States and in view
of this fact and the desolation in that part Of
the country he argued the necessity Of national
aid to the South that she might recuperate.
The Speaker secuted the idea of repudia-
ton and believed that the national debt
could be paid this century Taxation would pay
it, and taxes could be easily paid, if the govern
ment aided in developing the resources in the
country, whereby the money might be made to
pay them. Already the debt by wise admins
tration, has been reduced seventy millions, and
if Grants administration be supported in its wise
course, the country would soon be relieved from
the pressure Of debt-repudiation the cry Of
the demagogues He closed with an eulogy on
Grants administration.
Applications for membership were received
from the Richmond Corn and Flour Exc hange
Augusta. Ga, Board of Trade and the Peters,
burg Merchants Exchange.
On reassembling this afternoon, resolutions
Daily sessions from 10 O'Clock to 4, were fixed
upon.
Permission was given to the Boards of Trade
of Toleda, Ohio, and Pittsburg, Pa, and Mer-
chants Exchange of Peoria, Ill.,, to withdraw
from connection with the National Board.
The business programme was then CONNER.
cial.
The consideration Of the first four PROPOSE
| tons was postponed.
Proposition fifth being uniform measurement
| O grain was taken up and resolutions adopted
that the number of pounds to constitute bushe
should be uniform in all States so long as the
buslel is used in trade that the GENITAL system
| should be adopted in transferring all conlmodi.
tos usually sold by the bushel, and that measure
ment by the bulk should be abolished
Sixth proposition. taxes and short weights.
| On this proposition resolutions were adopted
recommending local boards to adopt the rule
that taxes shall be on the actual weight of pack
age at the time OF sale in all transactions, and tc
insist on full weight or measure in articles pur-
| porting to be of a certain fixed standard, but
| which are sold by parcel or package.
Seventh proposition, for uniformity IT exeeu'
ting the conveyan ces of land.
On this proposition committee was appointed
to prepare and recommend to all State Legisla'
lures a statute to be adopted for the form and
general requisites of conveyances of lands.
Eighth proposition Uniform practice IN the
United States District Courts.
A committee was appointed to prepare stat.
ute to be urged for use il all the United States
District Courts in the collection OF debts where
the parties reside in different States.
Ninth proposition--Local made licenses
A resolution Was adopted that the executive
counsel shall recommend to sill State Legislatures
a repeal CT all license laws discriminating against
nonresident traders.
The discussion of this resolution was ANNA
ted.
It's opponents took the ground that it was an
effort of the large cities of the East to do all the
business for the smaller cities of the West ano
South without paying tax thereon.
Its friends urged that it was Ii keeping Will
the spirit Of he age, to which these local Incense
| laws wero opposed, aud that it was the result O.
| AN enlightened commercial sentiment that DO
rnestic free trade is to come and might well bt
| accepted now.
The resolution was favored by Messrs. Opdyke
and Chittenden, of New York, Ropes, Of Boston
J and others, and opposed by Messrs. Cana, Q