, 1872-12-14

ties, reported adversely to the Endorsement Of
local enterprises !; nor we're they prepared to
recommend rules Tor aid. The Convention was
National in character, and this matter WAS one
for state consideration.
General Fisk, Of st. Louis, from the Commit
tee on Ttanscontinental Railroads, submitted
l9ng:hy report, to the effect that additional
that the road below the snow line, over
the route. Marked by nature for q
dense population, WAS imperatively demanded.
Eaalfesds we're to do q great work in peopGng
the plains The present rosds were inadequate
the call Of constantly increasing commerce must
be provided. The trade With China and Japan,
and its enormous increase within few years,
was cited to prove this. TheBe necessities
thi1ty-hfth hnd thtrty-second parallel. Reso-
J 1Etipns accompanied the report, commencing
the subject to all commercial organizations and
! communities Of the nation, recommending or
| ganizcd efforts to secure the building OF roads
| below tho SHOW line to secure development Of
| tile country, and home and international trade.
| After some discussion, which resulted in
| striking out the part which referred to the 35th
md 32d parallel roads, tie report was adopted.
Miles Sells, of st. Louis from the Committee
| on Fire and Marine Insurance. made long re-
port, which declares that the 1aws Of the several
States should rigidly compel each insurance
vested that, should the day Of reverses come, all
| its resources may be made available IN meeting
| its obligations; that a fund should be crested
| By the reservation Of al profits over 10
! per cent on the capital stock until
such reserve equals the technical
reinsurance fund. # taxes are imposed, es-
| peoially on premium receipts, they should be
| levied only upon the remainder, or net amount,
| after deducting the losses and expenses OF col
| 1ecting. The whole system Of deposits for the
security of polcy-holders should be abolished, as
experience has shown that it is too insignificant
in its operation as safeguard to be worth main
tanning. No company should be allowed to put
& Ran a @ abo p asqP F5 GsPa Gn aay
The report elected quite an animated discus
sion, but, after one or two slight amendments, it
was adopted.
On motion Of Benz. E. Crane, the President
man of the Executive Committee, and Colonel
| Vim. GrosTenor, of st. Louis, Secretary. the
following compose the Committee: Barton
| Able, Missouri; E. James, Tennessee II. J.
James 81. 1aws, Ohio; D. Hurd, Illinois; H. 8.
| Kingman, Iowa; ". Carpenter, South Caro-
lima; John Evans, Colorado; 4. B. Norton,
] Kentnckv. Tnnis Frierer. Mjnnesota. 4. r.
Waterman, Wisconsin; q. q. converse, Penn
eylvania; T. H. Plummer, North Carolina
Hiram Potter, Florida; ". W. Paine, Georgia.
Mr. Weems. of Georgia, again presented his
| renort in favor of tbe 4tlantic and Great Vast
ern Canal p between the Tennessee and Coosa
| RIVERS, with those parts e1puneed WHICH "er6
| objected to yesterday, and 1t WAS adopted.
The rules we're suspended, and resolution BY
| 4oade 90 comn,on 70 rr;ara shonId recant in fnl1
t ~ sa1o,,nrt 4rsrnr+5 an5 ~ tx ea1ara1
e a 80 eo ,o
legislation.
Thepostal telegraph question then came up, and
ma1onty m and minority reports mefe M Gai saDmitteo
entered into the subject at some length, reflect
ing somewhat severely upon the Western Union
Company, and making several errors OF state
8sa IT gsa saus aRSR % ot I'll hs spfsa ss
graph franchises Of the country, and the incor.
poration Of the same into the postal system of
the United States, and that the recon-
mendation Of the President and the
Of Special Commission to consider and report
to Congress system of postal telegraphy in the
interests Of the whole people, meets the hearty
Of thus nv o ommttao
is as follows: :. H.. ..,~o
WHEREAS, Private enterprise has given to the ent1re
country system o. fap1a ann aaa aanera n
non o. ,a5ss s1ap an5 histoEc hr agnetio
WI WaEREis, Private enterprise has also united the
two Continents by magnetic telegraph, transmitting
information in few moments to al parts of The World
thereby increasing facilities TOT commercai tsa4sac
uons anu W eeae1a1 ~ 'no - ''10
creas;ne IN ratio euu5l 10 he demands Of science
co1oerce and the social welfare Of people, there
| fore,
That thag s1s4aa t9nxa a tbs
pfesen. lne 70 se A. M * ~ +ba nostI srste1n
n9tS, f IT, anu n1,1t, pt4,Aso '0eA 40 e|'@' -
4 l0 nointe3 i;scuseion followed the reading Of
these reports, the argument on one side being
X Ge,.a.a3 Eorarn1nant ana increas7nt its par-