The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-01-06
CHARLESTON Bo4RD OF TRADE.

The regular monthly meeting of the Board
took place last night at the Iiibernian Hall.
Messrs. T. y. Gillespie, G. J. Luhn and c. Voigt
were elected members.
Mr. W. s. Hastie who has recently represented
the Charleston Board at the meeting OF the Ma
tional Board of Trade in Richmond, made the fol-
lowing report:
The undersigned. delegate to the National
| Board OF Trade, recently held at Richmond, begs
| leave to report that the business arrangements al
| his colleague, Colonel Trenholm, were such as to
deran that gentleman in New York, circum-
stance regrcttcdb by many members OF the con-
vcntiOn, rs well rs by myself.
Augusta anu Charleston were the only Southern
/ cities represented.
Believing the great object in attending these
annual meetings is to obtain general Information
with regard to the trade and commerce OF the
| country and changes which are daily being de-
veloped, and to use such Information for our own
guidance | shall revert only to those points
| Which have bearing upon our interests.
The decision upon the License law ulscrlmi.
mating against non resident traders was im-
| portant by reason of the facts elected Ill the
course of debate. Northern houses keep travel
lers In the country year at time. The neces-
sity OF short credits has initiated the English sys-
TEN of sending forth travel with samples
! which has been very successful, and large
see their customers. This great change in the
| manner OF doing business is easily accounted for.
The country merchant being called upon by
traveller purchases the exact article he wants by
sample, and in few days he has the goods III
store. Resolutions were passed that the beard
petition the Legislatures OF all the States 10
abolish all laws discriminating against non resi-
dent traders and agents Also, that Congress
be requested to establish a new department, to
be known as the Department OF Commerce"
Also, an appropriation to complete iiie improve,
mentS now in progress on the MISSISSIPPI ana
Ohio Rivers, and at the mouth of the Mississippi,
TO which append an amendment Including an
appropriation for the harbors 0f Mobile, Savau-
nah and Ricllmend.
A resolution offered by the st. Louis Board OF
Trade, asking the passage of q law by the United
States Congress so regulating the freight tariffs
OF all railroads as will compel them to transport
local freight and passengers at the same pro rata
per mile as Is charged for what Is known as
'sthrough freight and passengers"
This proposition was discussed part OF two
days, and was strenuUnsy opposed by your dele
gate. and after being brought forward III meui-
fled form, was finally tabled.
An appropriation was asked from Congress to
complete the James River and Kanawha canal,
through the State Of Virginia, between the Mis-
sisslppi and Atlantic Ocean. In the course OF the
debate one of the Western members stated that
it cost his constituents twenty-five bushels OF
wheat to buy O ton of COAL and that cheap water
communication with the Atlantic was tndispensa-
BILE.
The Boston Board OF Trade asked a "recommen-
dation to Congress of such measures as IN the
Judgment OF the Board are calculated 10 hastcn
After a long discussion and the defeat OF several
projects tile whole matter was finally referred to
committee OF eleven. In the course OF argument
the following facts were brought to the notice or
the convention: That the government had re-
duced the national debt in nine months, seventy
two millions of dollars, which Is nearly twelve
millions more than the British Government owed
the Bank OF England in 1T97 at the time OF its sns.
pcnsiOn-the amount being In figures SCI, POI, ,73S
49, and that the Ma ional Bank currency Is the
best, because the most uniform In value, that tile
country had ever had. That the Bank OF England,
Notwithstanding the debt OF England was held
within her own borders, remained in state OF
suspension for more than twenty years, and that
on its reSuming specie payment, the TACT was de-
veloped that resumption did not increase the con-
dence Of the people, rs 1t lost one-ilali OF It's gul
on the first day 1t resumed. That although our
currency is greenbacks the value or the products
0rthe country are paid tor at gotd prices.
The Finance Committee could not agree, and a
majority and minority report was made. Your
delegate favored the minority report, on tile
ground that the country Is not prepared Tor specie
payment; that the debt, oo.ooo, ooo Is too un.
Is owned abroad and the interest must be remit
ted in bills OF exchange, which are equivalent TO
gold; that we are reducing the debt rapidly; that
we are getting gold prices Tor our produce; That
some OF our railroads are labOring under heavy
Indebtedness, and change in currency would
increase that Indebtedness; that many OF our
banks are just emerging into life, nursing their
assets.
Under oil these circumstances your delegate,
In connection with Mr.. Geo. OpdyEe, Of New YORK,
offered The following resolution:
ReSoIped. That this Board approve the general
financial policy Of the government, which has al
ready largely reduced the national debt and ap-
preciated the value OF the currency, and IL earn
estly recommends to Congress and the Executive
aa adherence to that line OF policy.
Other matters were discussed, but none OF Suf-
clent Importance to bring before the Board.
Respectfully submitted. WM. 5. hAsTiE
On motion Of hr Bruins, the following resou.
tIon was unanimously adopted:
RESOLVED, That the report just submitted by ".
S. Haste, Esq, ex-president OF this Board be re-
ceved and spread on the minutes, and that the
thanks OF this Board be. and are hereGy, rendered
to our worthy eX.presldent for tile able and earn-
est manner in which he has always attended TO
all matters concerning the commercial interests
OF the City OF Charleston.
On motion OF Mr.. ]. B. Steele, the following
resolution was adopted:
Resoluetl, That the treasurer be authorized to
now In his hands, or that may be received, arls-
ing from entrance fees and arrears between now
and the next annual meeting, excepting what
may be needed for the actual expenses OF thc
Board.
communication was read from the Board OF
Trade OF Newark, n. j., asking the cooperation
Of this Board OF Trade to request our representa-.
tlves in Congress to introduce bill in the House
for the establishment By the United States Gov
ernment Of lines OF telegraph in all the States and
Territories, to be employed By the government in
combination with the Postotiicc Department.
Referred 10 the Executive Committee.
So also was communication from the secre-
tary OF the National Board Of Trade in relation to
trade statistics and the publication Of daily mar
ket reports by the boards OF trade.
Notice was given by Mr.. II. IL. DcLcon that lie
will introduce, at the next meeting, IN amend
ment to the constitution and bylaws, making
the entrance fee after the next anniversary meet
ng $40 instead OF $40, as now, aud that the an
nual subscriptions be paid invariably In advance
On motion Of Mr.. E. W. Marshall, it was
Resolued, That the secretary give notice to oil
members who shall not pay their arrears by the
next regular meeting, that the penalty under the
constitution and bylaws shall be enforced.
On motion, the Board adjourned.
\REAL ESTATE SALEs.-Mr. A. G. McGilllvray
Sold on Tuesday morning a lot Of land on the
south side OF Broad street, running through to
St. Michaels alley, for s4l0o.