Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-10-07
CINCINNATI.

-TEF7r CINCINNATI.
Com merciaI Convention - Interest.
ing PrOceedtngs-Usur Currency,
Tariff, Public Lands, Railroads,
Bridges, etc.
CINCINNATI, Oct. 6.-At the reassem-
bling of the Convention at P. NJ, r. NJ
CorWin announced the death of one of
the members, Geo. L. Johnston, of Ohio,
who fell dead suddenly in the morning of
heart disease.
A resolution in favor of the early com
pletion of the Atlantic and Pacific rail-
road was adopted. A motion to recon
slider the vote was laid on the table.
The report of the Committee on Free
Trade in Money, which was pending at
the noon recess, was taken up, and the
first resolution, recommending repeal
of the usury laws and of all statutes by
which contracts in money arc treated lex
ceptionally, was adopted The second
resolution, recommending an amendment
to the bankers Law, so as to take from
them all monopoly in the supply of cur
rency or other forms of credit for the
wants of business, and to allow every
person a free use of his credit and the
third, declaring the free use of means
and credit a natural right of all human
beings, and no Government has right to
interfere with this freedom, except when
il is found that crime enters into the
transaction, was lost
r. NJ. Bishop, of Ohio, offered re-
port of the committee in regard to public
lands, which was adopted without discus
sion. The report declared that there
should be settled policy of the United
States in regard TO public lands, not as
capital or a source of revenue, but as a
mears of increasing the population and
wealth of the country; and u this end
homesteads should be sustained, and in
regions where settlement is necessary to
give value TO the land, grants of alternate
sections should be made TO the best public
interest, which imperatively demands that
such reservations or grants should be held
for the benefit of actual settlers only at
an average price, not exceeding $3.50 an
acre; and corporations or other grantees
should be compelled under penalty of a
forfeiture to secure their profit by pro-
noting the settlement of the country In
stead of specializing in the lands en-
trusted TO them. The report recon-
mended the appointment of committee
of three TO memorabilia Congress on this
subject.
The Committee on Free Wharfage
made report recommending Congress to
legislate with view to a reduction of the
rates, that are now excessive. The re-
port was adopted.
Z. A. James, of Tennessee, made re-
port on railroad facilities from the Ohio
river to the central South, with resolu-
ton in favor of recommending to the
legislatures of the different States, and of
counties and municipal authorities through
which they may pass, the following lines
of railway and ask liberal legislation
therefor: First, the Cincinnati and
Southern railroad; second, the Louisville
and Chattanooga Grand Trunk railroad;
third, the Cumberland and Ohio railroad. |
The report was adopted.
The same gentleman offered an addi- !
tional report, recommending Congress to
grant charter for the Cumberland and |
Ohio Railroad This provoked consid-
cradle opposition. Il was said the char |
tiers by The States were granted already |
and there was no necessity for asking |
Congressional assistance. The report was
not adopted.
Mr. Pyllonk, of Mobile, Ala, submit |
ted report on direct trade with Brazil |
and other South American States which |
was adopted.
A report on tares and short weights
offered by T. r. Biggs, of Ohio, and
recommending the restricting of tare to
the actual weights of packages, was
adopted.
Gov. Branch of Virginia North Caro-
linsl submitted report on finance and
taxation including resolutions declaring IN
favor of a tariff for revenue only and re-
commenting the abolition of income tax
and the restriction of taxation to articles
of luxury. Also q resolution in regard TO
currency and the conversion of bonds. A
motion to postpone the report was indefi-
nitely carried, Al to IS.
The committee on toll charges on navi-
gable rivers reported in favor of the abo-
lition of all such charges. The report was
adopted.
The chairman of the committee on
HAiOlh span pOAt w
claring the apparent necessity for legis
la,iOn III regard to the bridges of the
Mississippi and number Of other rivers,
to secure navigation from needless OBJ
struction, and at the same time afford |
reasonable facility for railroad and com
mon traffic, and demanding legislation to |
secure the prior vested rights of all cities |
in theae natural channels. The report |
declared that most of the bridges now
erected necdlcssly impeded commerce,
and many are being built which, if com
plctcd, will render the rivers worthless |
for the purposes of navigation. 1t ear |
ueslly recommends the immediate atten |
ton of Congress to the subject, and sug-
gests the enactment of law, already |
PASSED by one branch of Congress at the
last session. The report was unanimous
ly adopted.
The Committee on Charges ON Railroad
and Water Traffic and Travel, reported
in favor of legislation tOprevent discrimi
nation against local traffic. After some
discussion the report was adopted.
Recess till S r. NJ.
The SChutzenEest-A Nashville Shot
There was a large attendance at the
Schuetzenfest. b. F. Faller, of Nash
vile, was one of the sixteen who hit
twenty-five bulls eyes.
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