The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-10-17
NATIONAL BOARD or TRADE.
SECOND DAYS PROCEEDINGS.
Tho vice Presidents Elscted-The Subjects Dis
cussed Yesterday-Advice and Suggestions to
Congress and State Legislatures-A Din
ner at Delmonico's and an Excursion to
He'll Gate rendered the Delegates.

The delegates to the National Board OF Trade re-
assembled yesterday morning, at halfpast ten, in
the Supervisors room. In the New Court House.
President Fraley In the chair. After the adoption
OF the minutes
Mr.. SrRANAHAN, from the Committee ON Creden
tias, reported in favor OF admitting Charles +. Hill
and George w. Lane, Of the New York Importers
and Grocers' Board OF Trade, and the delegates
from Kansas and New Haven Boards OF Trade. The
report was adopted and these Boards were al
mitted. Mr. Stranahan announced that the Cham
Der of Commerce and the Gr0cers Boards OF New
York propose to tender this Board dinner at Del
monico's on Friday evening and an excursion In
the waters of the bay to-day, at one O'Clock. The
Invitations were accepted unanimously.
The telers appointed to canvass the
VOTES FOR VICE PRESIDENTS
reported the election OF all those nominated Tues
day and published in yesterdays HERALD with the
exception of Messrs. Hazard, of Buffalo, William H.
McClave, OF Newark, and G. j. Holman, OF Philadel-
phia who had forty -seven votes each. ballot was
taken for the election OF two OF these three gentle
men, and Messrs. Hazard, OF Buffalo, and Mr. Hof-
man, of Philadelphia. were declared elected
THE HOUR OF MEETING.
Mr. YOUNG OF Baltimore, stated that eleven A. NJ
was too early an hour to assemble as shown bv
the small audience this morning Even the min
lister who was to open with prayer had failed to
make q come ction. He asked for reconsdera-
ton, which was moved by Mr.. Holman. The vote
fixing ten A. NJ was rcconsidered and hafpast ten
O'Clock fixed as the hour for calling the roll
MEMORIALS.
Mr.. OPDYKE presented memorials from Samuel
H. Ruggles, OF New York, asking for a return to
specie payments, and from william G. II. Waddell
in relation to reduction of postage and the trans
portation OF products OF the West to the seaboard.
Mr.. FISK, OF the St. Louis Board of Trade pre-
sented memorial asking for the petitioning Of
Congress open the Indian country to civilization
aud commerce These petitions were referred to
the Executive Council.
MI. BURwELI, OF New Orleans presented resolu-
tions relative to uniform tonnage and duties be-
tween the United states and the Spanish colonies
of Porto Rico and Cuba and the islands adjacent
thereto. Referred to the Executive Council
The Board proceeded to consider the
PROGRAMME OF SUBJECTS.
Subject Ne ISSUES Of Scrip Dividends proposed by the
Watering and the Of stock Without n
money equivalent BY Incorporated companies PERM
deserving Of the consideration Of this Board
On the motion to adopt Mr.. ROCHE moved that
out corresponding reserve or accumulation OF
profts'' he inserted.
Mr.. OPDyKE seconded the amendment, which was
adopted with the original.
The executive Council was authorized to petition
the different legislatures on the subject
s.;5e ~. 4nwarehouse Receipts proposed by the FIX
by warehouse receipts issued tor properly stored.
Mr. ROWLAND, OF Cincinnati, with whom the sub
ject originated, stated that he had no conference
with the Executive Council, as he did not suppose
1t necessary. The object OF the resolution, which
was offered at the last council meeting, instructs
the Executive Committee to petition the State
legislatures-frst, to adequately prevent the
Issue and negotiation OF fraudulent warehouse
receipts second, the enactment OF laws to protect
warehousemen from fraud and third, to make
warehouse receipts negotiable the same as CON-
mercial paper.
Mr.. HOFFMAN thought that the resolutions were
unnecessary, as the laws In most states protect
business men. He did not think 1t necessary to
act: we must look ut the character OF the men
ls1Nih8 #tMhCgse PTS and he wished
r. IN 4 In for