The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-01-04
MEErrNG OF, TIE Bo4RD OF TRADE.

| MEETING OF THE BOIRD OF TRADE.
A regular meeting Of the Board Of Trade
was held last evening at their rooms, Presi-
dent Il. q. DeLeon In the chair.
Letters of application for membership from
Messrs. B. F. Simmons and E. A. Marshall
we're read and laid over until the next regular
meeting.
The executive committee stated that they
had submitted the communication from the
Board of Trade of Talladega, in relation to the
| Georgia Wsstern Railroad, to special COM
mlttee who would report at the next meeting.
The committee on the cotton tax reported
through their chairman, Mr. W. S. Hastie, by
| memorial, as follows:
To the Honorable the Senate and House Of
Representatives of the United States:
The Board OF Trade of the City Of Charles
ton, South Carolina, respectfully represent 10
your honorable bodies
That the termination of the late unpleasant
contest lett the State OF South Carolina In
most deplorable state of poverty and desttu-
| tlon, from which she has not yet recovered.
A portion of her citizens still hold their lanas,
but without the immediate means OF Guilt.
yating them. Some hold cotton, portion OF
| which was seized under military orders, and
| the balance, together with the fruits Of her
subsequent industry, were subjected to the
| tax unaer the laws of Congress Of 30th. june:
| 1854, 18th July, 1865, and I'd of March, 1867.
l. This tax on cotton your memorlalists be-
lieve to be unconstitutional, 1t being declared
ton of the United States, that mo tax or
duty shall be laid on articles exported from
Inc great market which controls the price
orour cotton Is Liverpool. England. Our cot.
ton there meets In competition with that raised
in India, South America, and all portions oil
the globe, where the article is grown, aRd no
tax paid by US in the United States adds one
fraction to the value of cotton in market thus
| placing the tax entirely upon the producer.
Again, the constitution declares
.'Al duties, imposs, and eXcises, shall be
uniform throughout the United States"
We beg leave to call the attention OF Con-
gress to the fact, that cotton is produced m
only eleven States Of this Union.
Your memorialists believe firmly that no
Republican Government can permanently ex.
LIST unless founded upon justice, purity and
honor, and we believe that the unfortunate
departure of Congress from the constitution,
In Imposing the cotton tay, has had most
demoralizlng effect upoa some OF our State
Governments, who, contrary to all law, ''are
harassing our people and ealing OUT our SUD-
stance
Your memorialists earnestly ask Congress
to refund the cotton tax, which, IN the end,
will rebound to the Interest OF the United
States It will stimulate the production OF
cotton, by throwing capital Into the Southern
States where 1t is SO much needed, and where
the interest on money rules at so high rate
as to be almost ruinous to the planter. It Will
once more give us the control OF the cotton
market of the world. Large crops will bring
low prices, but the planter will live within
himself, and raise food which he now pur-
chases. Our railroads Will flourish, employing
large numbers of our people. and as carriers
Of our own produce across the ocean, an I'M
mense American mercantile marine must
spring up, which will again-be the pride and
glory of our country. WILLIAM S. HASTE,
J.B. E. SLOAN,
WILLIAM GURNEY.
Ol motion, the report was adopted AMI Or
dered to be forwarded to Congress with the
seal of the beard attached.
The Board then resolved itself into COM
mlttee of the whole, and Mr.. W. 8. .stis
having been called to the chair. the following
amendments to the constitution and bylaws
were passed:
First. Enabling the Board 10 re-e.ect pres
dent and vlce-president.
Second. Making quorum to consist Of ten
instead of fifteen members as heretofore.
Third. Striking out the clause making 1t I'M
perative that persons should be ''engaged in
actual mercantile pursuits" to become mem
bers of the board.
. Fourth. Making FIVE black balls sufficient
to exclude an applicant instead OF ten as here
tofore.
The president then resumed the ohu.r, aud
having heard the report of the chairman OF
the whole, announced that the amendments
reclted had received their first reading, and
would be brought up at the next meeting for
final adoption.
The president having upon call made
statement Of financial condition Of the
Board, Mr.. Marshall offered the following reso-
ton, which was adopted:
Resolved That a committee Of nine be ap-
pointed to take into consideration the imam
cial condition Of The. Board, and to suggest
such measures as they may deem best TO pay
the present debt, and that said committee re-
port to an adjourned meeting OF this Board 10
be held on Wednesday night.
On melton of Mr.. John 8. Fairly, the follow
Ing resolution was adopte d:
Resolued, That Q committee of five members
be appointed by the president TO consider and
report to the Board, at its adjourned meeting
on Wednesday next, the best measures to op-
pose the effort now being made TO induce
Congress to remove the duty on foreign rice.
The Board then adjourned until Wednesday
next.
CAUGHT NAPPrNd.-At. q late hour on Tues.
day night. Jack Green, small colored boy,
was found asleep In the Market by apolice-:
man, and taken to the Guardhouse. His for
lorn condition excited much sympathy, and