Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-12-12
KETIgHAL B9AaD Of TRADE.
final PrOceedIngs-Ths GurreEcy oass'
tioa nebate1.

ST. I,ou1s. December 1.-THE nstionsl
board OF trs.ts closed its session In this
city to-day
mr. Wright, OF Chicago, offered g report
frosn the con1mitJse on warehouse re-
ceipts, m6mOrislizlug state legislatures
70 enact such penal laws as VIII ade-
qustely punish issuing or negotiating 3
fraudulent warehouse receipts, prohibit
ing holders ia the safety and integrity Of
the property covered by suLb receiDts,
and making warehouse recsipts negotla-
ble like other paper.
On q resolution offered by Mr. 6lpiD,
al Illinois, the govern ment was requested
70 estao'ish a storm signal station A.
Quincy, Illinois
ME. Scale, OF New York, presented the
following resolution from the board OF
Eraoa Of sbat city, which was referred 70
the executive committee to report next
Resolved, That the duty of twenty per
cent. now imposed on the Canadian lum-
Der, Of right, ought TO be and should De
ssbroRaJssd, or else reduced TO a rate which
should NOS act Is prohibitory tax.
A resolution was then unanimously
adopted, requesting congress- 70 give early
attention 10 the enactment OF the neces-
sary laws, and to give practical sheet 70
that part Of the treaty at washington
which relates 20 the fisheries.
A rssoiutfon vas offered from tho Phila-
adslpbia commercial exchange, and unsni-
mously adopted, deprecsting the i'm
position of taxes upon our people bsyono
the supply OF working expenses OF the
govern ment, and the provision of hm-
fted sum, say dfty million dollars psr an
nun, toward the extinguishmeat OF the
nstionsI debt.
M. WethersIl, Of Philadelphia, submit
ksd q report from the cOmmil tee on tndi-
-I.1Hf "a
ooUnmspds restrictions as TO Winss and
distilled spirits; that privileges Of reship-
msnt or transfer from cars q one gauge
70 cars OF q different gauge be eKt6ndeo
70 wafer routes-the city OF Mobile, Ala
bana, 10 be inelnded In The provisions ol
fhs set.
Nj. BurweIl, Of New Orleans, wlshed.
IS 9 member Of the COMMITTEES, 20 ainx ms
signature 20 the report, but did not tnink
the report covered ths difficulties OF the
western importers and carriers. Ths re-
port was adopted.
The subject Of currency and finance was
then discussed on q resolution from the
PhfIsdel Dhia commercial exchange favor
ing the legal-tendsr snd national bank
circulation now IN use.
Mr. Edward Atkinson, Of Boston, sub
nitted a substitute. Il memcrialiZsd
congress TO pass an act for the issue Of hYe
mfliions monthly during one year IRON
ths passage OF the set, OF legal-tendeE
notes. payable at the expiration OF two
wears from the date OF each ssries respect
iveIv. ia gold coin; and for all amounts
thus issued, 20 Withdraw and cancel equal
ameunts Of legAl-teDder notes Of me pres
ent issue.
Ir, Rogers, OF Boston, argued In favor
of a needy return 10 specie payment pJ
the gov,,rDment.
AdolpbD.s Meier, OF st. Louis. offered
substitute providing for the gradual re,
dempsion Ia coin Of all legal ender and
national bank notes by the I'd Of January
1874.
Mr.. opdyke, of New York, bslieved
that, II the government hold steAoy
hand, we can, under the present process
20 back 20 specie payments Witaout SaAb
ing for insolvency.
Mr.. Groom, of Boston, proposed snotnel
substitute, sskiDg congress 10 direct tnt
redemption OF legal-tsnder notes, 81 tht
Opsion of the holder, by issuing in tbeh
stead bonds bearing IS interest, the
bonds payable at demand.
The further proceedings are Of too gnea'
length for publication. The board cd
fourned yesterday afternoon.