The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-12-04

| national necessity. r. whole shipping o
| the West was now locked up in the inte-
| rior, whereas those vessels ought now tn be
| entering the harbor Of New York or cruis-
| ing along the Atlantic coast, bound for hlch-
| mond, Wilmington, and New Orleans.
| They might, too, at any day be needed ny
| the Government in the rcInlorcement OF the
national navy. The cost Of the caual-esti-
mated az from six to twelve miilions-ls
nothing when VIC consider its Importance
| TO the whole country. twas, in fact, ma
tional necessity.
Mr.. Cullen again. with considerable
righteousness, opposed the resolution, re-
Winding the gentlemen from theLake coun-
try of their opposition TO the trunk rail-
WAYS from the West to the Atlantic.
Mr.. Taylor, Of st. Paul, showed that this
scheme had been favorably considered at
previous session Of this body.
Mr.. Wetherill pressed his motion for re-
ference 10 committee.
Mr.. Monroe, OF Dubuque. had not heard
any satisfactory demonstration Of the adj
rantages to be reapcd by the measure.
Colonel Trezevant, of Memphis, though
a southern man, thought this body should
know neither North, South, East, nor
West. If This outlet was demanded by the
people of the Lake, they should have it, so
far As his vote would advance the end. he
should vote for the resolution. believing
that it would tend to multiply the blessings
of the North and West, and in due time it
was his intention to ask this Board to aid
the South in rebuilding her shattered for
tunes. HewiShcd help for the Old Dominion
Chi- native Statc), and expected the demand
to be literally responded to.
Mr. Opdyke, Of New York. advocated the
adoption Of the resolution. New York had,
with unquestioned liberality and disinte-
RESIDENCES, recommended with unanmlty
the building of the canal.
Mr.. Ounce, of Boston, said the Board of
Trade which he represented was as unit
in favor OF the Niagara ship canal. He did
not represent, therefore, in his views that
Board or his colleagues bat partially:
Six weeks ago he, too, had been in favor Of
which had recently TRANSFERRED, indicating
that our relations with Canada would soon
be changed. had altered his opinion. He
could say almost semi-otlicially that the
party of progress in Lower Canada would,
the moment independence is attained, make
q movement to widen the Welland canal,
thereby solving the problem which we are
now discussing. As to the probability of the
early independence Of Canada, he said that
it was natural. from the organiza-
ton Of the British Government, that
forward 10 with delight by that Govern
ment, and there was little doubt of the
anxiety Of the people for this result. . L.
der these circumstances, would If not be
we'll to pause in this matter! Congress was
already Informed Of the wishes of the North
and West, and the passage of this resolu-
ton would throw little more light on the
subject. He hoped, therefore, that the re-
solution would be laid OH the table.
Mr.. Dore. Of Chicago, said if the indie
pendence Of Canada was achieved it would
not be reason for pausing in this matter,
rs the canal now in use is not half the de-
sired capacity, nor of the length required.
Mr.. Taylor, of st. Paul, thought the re-
marks of MIR. Dupee were pertinent, and
he also spoke eioquently and ably Of the
probability of the early independence of
Canada. THE Dominion of Canada, in eX-
change for the right to sell her produce
natural and manufactured-in the United
States. would not only admit the natural
and manufactured produce Of the United
States into her territory. but rs an equiya-
lent for that great boon would enlarge the
Weland canal to the dimensions Of the Su-
perior canal.
The motion Of Mr.. Wctherll TO refer to a
committee was then put to vote and lost.
\ vote was then taken upon the passage
Of the resolution of Mr.. Bagley. and re-
suited in its adoption by Il vote OF Al ayes
to ~ noes.
REGULATION OF RAILWAY FREIGHT AND
PASSENGER CHARGES.
The seventeenth proposition. relative TO
to the regulation of railway freight charges,
was taken I'D. on motion of Mr.. Richards,
of Chicago, who offered the following rcs0-
luton g,
{. Rcsolcca. That Congress be requested
TO fix at once the rate to be charged Tor the
TRANSFORMATION Of passengers and freight on
each railroad in the United States, and the
rate to be based upon reasonable income
for the money actually invested in each"
Mr.. Richards delivered a prepared speech
advocating the adoption Of this resolution.
in which he claimed that railroads were not
private property.
On motion Of Mr.. Hastie. Of Charleston,
the resolution was laid On the table.
JAMES RIVER AND EASAwHA CANAL.
The twentieth proposition-relative to a
continuous water-line of transportation
through the State Of Virginia between the
Mississippi river and the Atlantic ocean-
was made the special order of the day for
Saturday ut II O'Clock A. NJ.
ON motion of Mr.. Taylor, Of st. Paul, the
twenty first roposition-reiative to the
Central Pacific railWay-was also post
poned, to take order Immediately after the
foregoing.
sToRM-sIGHALs PROPOSED.
Mr.. Hoiton. Of Milwaukee, presented 4
resolution recommending the establish
ment by the Government Of Il system Of
teiegraphing signals, whereby tidings OF
storms may he communicated from point to
point, thereby preventing much loss Of pro-
perry Oh the lakes and coast. Referred
to the Executive Council.
AT this juncturc recess OF ten minutes
was taken.
THE NATIONAL CURRENCY AND RESUMPTION
OF srEClE PAYMENTS.
After the recess The Board considered the
twenly-iirSt proposition, emanating from
the Baltimore Board of Trade, and the
twenty-Second proposition, emanating from
the Boston Board'of Trade:
"21. Resoloed, That we affirm our conf
| dence in the general principles Of The ma
tional banking law; but believing that the
currency is too limited and too unelaStic to
suit the necessities of our large and increas-
| ing trade, we recommend to Congress an
early repeal Of the tWcnty-second section
| Of the national banking law OF 1864, which
| limits the circulation of national bank notes
| to three hundred millions Of doliars.'
"22. The recommendation to Congress OF
such measures as, in the Judgment of the
Board, are calculated to hasten the restora-
| ton of the specie standard Of value"
DIR. Looney, of Baltimore, delivered a
prepared speech advocating strenuously
the adoption of the twenty-iirst proposition
b. the Board.
| Mr.. Ropes, Of Boston, read, for the in
formation of the Board, the folloying reso-
lutions. which he proposed to offer when in
order, and rs indicative Of the views of the
Boston Board OF Trade:
Resolved, That this Board earnestly re-
commends to Congress the immediate pass
age of fundn" bill, by means of which