The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-31
COMMERCIAL.
Meeting of the Commercial Exchange-Th
Reading of the Annual Report


Reading of the Annual Report.
This morning at 12 o'clock the annual meeting
of the Commercial Exchange was held in the
Exchange building, Second street, above Wal
nat, the President, Nathan Brooke, Esq, in the
chair. The seventeenth annual report was read
by the Secretary, Washington jackson, Esq.
The following is an ABSTRACT
''The year Just closed cannot be regarded as one
Of the brightest in the commercial calendar Many
causes have contributed to depress and embarrass
trade. Those most prominent, however, have been
the doubt and uncertainty in regard to national
legislation, and the want of entire confidence on
the part OF the business community in the ability OF
our legislators to clearly comprehend the true
dtion OF our national affairs, and to intelligenty
grasp and correctly determine the many important
and intricate political problems OF thei times, the
proper solution of which is matter Of such vital
consequence 10 the business interests throughout
the country.
haps fully up to the average, but doubtless has been
much curtaied in consequence OF the prudent
policy adopted by many business men OF not at
tempting IN force trade, preferrng diminished sales
and smaller profits in order to save themselves from
extra risk"
In relation to the Horseshoe shoa the report says
-"There are probably few subjects that could be
brought before Congress or greater Importance to
the commercial and business community of Phla-
delphia The narrOwness OF the channel, and It's
liability 20 become blocked up with heavy masses of
ice during the winter season, has been and must
continue TO be serious drawback to the trade OF
port during that period OF the year. Philadel-
phia has been remarkably modest In looking after
her interests, and has troubled Congress very little
about such matters-perhaps entirely too litte-and
therefore, her application in this case should and
doubtless will receive prompt and favorable con-
sderation.
"The members of the association, by their liberal
subscriptions and energetic actions, have very much
assisted in promoting the success or the projected
European Steamship Company. They have sub
scrbed w one-tth of the amount that was pro-
posed should be taken by the merchants and bust
at is sincerely to be hoped that the time WILSON
arrive when q more liberal policy will mark the
ction Of Congrt IS towards our city in many par
tculars, and that the important Improvement, the
fixing OF the Naval Station at League Island, so
much decided by the General Government for an
roncad depot, will not be allowed to languish much
longer =, .,o ,noou,o .o ,uo,...,
and the change In the mode of collecting the tax on
whisky ia thought to be a subject for congratuaton.
"Several changes in the constitution and bylaws
OF the association have been made during the year
Al the present time the membership embraces 66O
"There have been several deaths Theodore VIII
son, Robert Ervien, d. O. Kelly, James G. Bewley,
Jacob b. Ritter and John Bingham died during the
year.
The annual election for the officers of the
Exchange to serve for the ensuing year com
menced at l015 o'clock this morning. The polls
remained open until o'clock P. NJ. Mr.. Seth
j. Comfy was nominated for President, Mr..
Robert Gray for Vice-President, and Mr.. Walter
q. Wilson for Treasurer. Twelve managers
were also being elected from a ticket containing
thiIty-tWo names.
RETURNED FOR TRIAL. Thomas Vandever
was arrested yesterday at the Baltimore depot
by Special Officer Smith, who has received in
formation of q store robbery having been com
mitted at the Red Lion, Delaware. The officer
arrested Vandever upon suspicion of being the
guilty party, and upon searching him the stolen
properly was found in his possession. The
accused was returned to Delaware for trial.
PROMPT ACTION NECEssARY.-The present
thaw, if it continues, is lAlely to bring about
heavy flood. In view of this fact, aud in order
to save the nundatiOn of the cellars of several
residences in different sections OF the city, the
Health to clean the cutters and inlets but thus
far this body has taken no action in the matter.
A DISHONEST SOMA youth of twenty years,
named h, Cabry was arrested at the residen ce
OF his mother, No. 1901 Alton street. yesterday
| afternoon, on the charge of having stolen $26
| sipatiOn. Alderman Dallas committed the young
| seOundrel for trial.