The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-10-24
National Board Of Trade.

The Richmond delegation were admitte
, to debate on the floor. A Quincy dele
gate was allowed seat but no talk or
vote. .auF Hs7HHT
The subject Of q bureau oi internal i'm
lproyement was referred to the Transpor
tation Committee without debate
The report Of the COMMITTEES on Trans
portation was taken up and the resolutio
yesterday reported discussed.
Mr.. Grosyenor, OF st. Louis, made
lengthy speech In favor Of the report
MIR. Baker, Of st. Louis, approved Of III
report so lar as 1t related TO railway
which he: said favored too much OF an ag
gregarian movement, it being urged an,
said that no reason existed why railroad
should not have the same protection a
individuals. He moved to amend the reso
luton pending by advising the building o
q double track railway from New Yorl
and Philadelphia, uniting one line at som'
point near Philadelphia and Extending
west TO st. Louis with branch to Chi
cago, and that Congress be asked togran
q charter to such capitalists as will build
road restricting the profits OF the same
to 10 per cent net, and limiting the State
tax on such road to bonds or stocks at the
rate other property In the State Is taxed
and that no State be permitted TO interfere
with the tolls and management. :,
The resolution was ruled out Of order
MIR. Taylor, of Cincinnati, opposed ask.
ing the Federal Government for what the
States could give. Thenecessary railway
tolls are now proportionately lower thar
anything else, and the cry Of farmers was
senseless. He opposed any general sys
tenn Of improvements by the general Gov.
ernment. ..l Ill
Mr.. Rugsby, Of Philadelphia, opposed
any Government railways.
Further discussion was postponed till
night. An invitation was extended to the
Farmers Convention to attend their ses-
sions. The Board adjourned TO visit the
Chicago Board of Trade, and this alter
noon the delegates are riding about the
city. u.T
=. EVENING SESSION.
Finance Committee made report
relating to the resumption Of specie
payments on the following basis:
1st. For the redemption Of the treasury
notes OF the United States commonly call.
ed greenbacks at the Treasury, in the city
oi New York, in gold coin on demand Of
the holders thereof, on and after the first
Monday Of July, 1877. .,"
I'd. That the notes 80 redeemed may be
re.issued for making all payments by the
United States other than those for which
the payment Of specie Is specially secured
by the existing laws, and the notes, so re-
deemed to be exchanged for gold or silver
coin Of the United Ststes when requested
by any one desirious Of making such ex.
change.
Sd. That the said Treasury notes Of the
United States shall be legal tender for
payment of all debts, public and private,
as the same now are.
4th. That for the purpose of regulating
currency, as furnished by the said Treas.
ury notes and providing for It's expansion
or contraction at seasons when such
changesain It's volume are called for by
the business Of the country, the Secretary
of the Treasury be authorized 10 issue in
exchange for such Treasury notes regis.
tered certificates OF the debt In sums not
less than $500 or any multiple thereof,
which certificates shall bear interest at
the rate Of 365 per cent per annum.
certificates 80 issued shall not exceed
$50. 100000 in the whole, and said certifi-
Gates shall be redeemable at the will Of
the holders thereof In treasury notes OF the
United States Of the denominations now
In use, and upon such redemption the in.
terest then accrued on such certificates
shall be payable and paid, and the certiti-
Gates so redeemed shall be cancelled and
destroyed; but new certificates may from
time TO time be issued in place of and TO
the amount oil the certificates so redeemed,
II the same shall be demanded by the
holders oil United States treasury notes,
and the certificates 80 issued shall not be
used for or computed In the reserves now
required by law to be held by the national
banks for the payment OF their circulation
and deposits. .,l r. .'''.''
The report was made the special order
for tomorrow afternoon.
Thetransportation question was then
taken up. a. '' H'-
Mr.. McLennan, Of Montreal, said the
Canadian imports from the United States
were about the same as the exports, and
ont. e.halfof the Dominion trade came from
the West. When the Welland Canal i'm.
provement Is completed and the st. Law.
renee Ia improved from Quebec to Montre.
al, they would be in q fair position to
compete for the carrying trade. Under
existing laws Dominion merchants could
not compete for the New England trade
If they could do this, they would double
their facilities, and thus help western
producers. 10 |. .n.E: ufu 81
Mr. White, Of Montreal, said Canada
had improved her water courses with her
own funds, and were enlargipg the We'll
land Canal and portions OF the, St. Law
renee 10 capacity Tor vessels carry
ing forty TO TO fifty thousand bushels oi
grain, giving the west the best possible
outlet TO the ocean. he enlarged on the
transportation facilities Of the Dominion,
warning the United States that an illiber.
al course on its part might provoke dis.
elimination against Its people on the
Wellsnd Canal, concluding with hope
Of unity Of action In the friendship be-
tween the two people,. NI.
Bonner, OF St Louis, spoke In favor oil
q double track railway between the east
and west, and the necessity Of increased
facilities for transportation, and thought
1t competent for the government TO issue
the charter recommended. He thought
the Mississippi route to Liverpool from
the west the most economical, but favor
ed aid 10 all routes.
Dorr, Of Buffalo favored both improve.
ments, the Welland Canal and the Missis.
sippi river, and hoped Canada would al.
| low the freedom Of the canal to Americe.
Mr.. Howland, ol Canada, explained
that the canals are private property ol
Canada, sad in going from Lake Ontario
to Montreal, Americans paid less than Ca
madam vessels. Ht.
Mr.. Dore, Of Chicago, favored the i'm
provement Of the Illinois river, to make 9
line IRON the Mississippi to the St. Law