The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-12-12
NATIONAL BOARD or TRADE

ST.. LOUIS, December 1.-THE National
Board of Trade closed It's session in this
city today. Mr.. Wright, Of Chicago
offered II report from the Committee on
Warehouse Receipts, memoriali2ing the
State Legislatures to enact such penal
laws as will adequately punish the issuing
or negotiating Of spurious or fraudulent
warehouse receipts, protecting holders in
the safety and integrity of the property
covered by such receipts, and make ware.
house receipts negotiable like other com
merCial paper.
On u resolution offered by Mr.. Gilpin,
Of Illinois, the government was requested
to establish storm signal station at
Quincy, Illinois.
Mr.. Seals, OF New York, presented the
following resolution from the Board OF
Trade OF that city, which was referred to
the Executive Council to report upon
next year.
ReSOlred, That the duty OF twenty per
cent now imposed on Canadian lumber
Of right ought TO be and should be
abrog0ted or else reduced to n rate which
should not act as o prohibitOry tax.
A resolution was then unanimously
adopted requesting Congress to give early
attention to the enactment OF the nCCes.
sary laws TO give practical effect to that
part of the treaty Of Washington which
relates to the fisheries.
A resolution was offered from the
Philadelphia Commercial Exchange, and
unanimously adopted, depreciating the
imposition Of taxes upon our people be.
yond the supply Of the working expenses
Of the Government and the provision Of n
limited sum, say $60,000000 per annum,
towards the eXtlnguishment Of the m.
tional debt.
Mr.. Wetherll, of Philadelphia, sub.
mitted n report from tho Committee on
Indirect Importation to IntersOr Cities.
II recommends that tho restrictions As
to wines and distillers' spirits be removed;
that the privileges OF re.shipmcnt or
transfer from the cars to cars of differ
ent gauge be extended TO water routes,
and that the city Of Mobile be included
in the provisions Of the act.
Mr.. Burwell, of New Orleans, wished,
as a member Of the committee, TO aillx
his signature 10 the report, but did not
think the report covered NIL the Difficult.
ties of Western import and carriers.
The report was adopted.
The subject Of currency and finance
was then discussed Ona resolution from
the Philadelphia Commercial Exchange,
iavoring the legal tender and national
bank circulation now in use, MIR. Edward
Atkinson, of Boston, submitted n substi.
tute. II memOrialized Congress to pass
m act for the issue of $j,000,000 monthly
during one year from the passage Of the
act OF legal tender notes, payable
al the expiration Of two years from the
date Of each series, respectively, in gold
coin, and for all amounts thus issued, to
withdraw and cancel an equal amount Of
legal tender notes Of the present issue.
Mr.. SOper, Of Boston, argued in favor
Of n speedy return to specie payment by
/ the Government.
Mr.. Adolphus Meirs, Of 81. Louis, offer.
cd n substitute providing for the gradual
redemption in coin of all legal tender and
national bank notes, by the second Of
january, 1874.
Mr. Updykc, Ol new lOfk, DelieVeu
that II the Government hold n steady
hand we can, under the present process
go back to specie payments without wait.
ing for insolvency.
MIR. Groom, Of Boston, proposed anoth.
er substitute, asking Congress to direct
the redemption of legal tender notes at
the option Of the holder, by issuing in
their stead, bonds bearing 3.Gj per cent
interest, the bonds payable at demand.