The sun., 1873-10-23
THE S1TION1L BOtRD or TRiDE.
Rejectinp the Re-Oiution IN Rctcrcuce 10
American shipping lntrrr~ts-llow 10 So
curet heap Irnnsportntot.

hf1ecttnR inc Resolution tn Nri"r"nce 10
hmerican shipping lntrrrSts-llow 10 80
curet heap 1rnnsportnttOr.
CnIcAGo, oct. 2.-Iu the National Board
of Trade to-day committee was announced On
Reform Of the Currency, National u mixing and
National B1nking Laws.
The Secretary read the report Of the Executive
Council on the National Bankrupt law. 1t sug-
ecsts the abolition ~ fees and the establish
mcnt Of salaries for tho Ulcers the enlarging
Of the powers Of assignees; the authorizing of
creditors TO choose a committee Of their own
number to settle the accounts and make liz
triDutions and that the Federal Government
tx the amount md Kind uf property exempt
from assignment. not subject to change by
The board then discussed the following reso-
lutons, offered by the ExecIti Council re-
Rurding American Shipping interests
hsoired That just regard for the increase NJ Amri
can shipPhg interests should cause Congress =
courage Aulerican shpoudcrs ard ship owners by IN
materials used ~ the construction be Of foreign ~
may be psod nearly aa possDIr upon the same loot
Ing as competitors Ia other Couatres.
TO Congress ,hs ali aptic@s ~ foreign ~ e
ior subsistence nnd general use on board OF vessels In
In. payment OF duty ron The oonded war wafshou-c @
sns aseiP,se % ss, IhSt 1ce to the tsnpCwng eress
demand that the rsht he coneeacd - law to Amercsn
place il under The ~ ecton Of th' I' own W fa|
Mr. Hawley of Detroit opposed anv di-crlml-
Hai On 10y the GuNertifi Cut IN favor or auN if-
du.trlal interest ~ unwito uid uncons. tuition Al.
Mr.. stone Of wilmington SAID shirtuilGrt-
there did not desire anv Government aid. Their
cost " building was not more than ten per cent.
more than the cost Du tie clyde, aud The cost oi
huidin- on BE clyde was daily increasing ny
the advance In the coat of labor. coal. and iron.
W llmngtOn shipDuildcrs asAed no Government
MIR wethcrlu OF Pblladclphia acreed that
American shipouildcrs needed and asked no
protection f.om the Governnent. steamships
are now built in American " atcrs at less cost
Mr. Conger of Massachusetts, opposed any
class or special Government legislation. lie
s'.i' ley protection rely nh individual enterprise.
MIR. Stranahdn Of Ncw y ork said thc most OF
the foreign carrying was done In foreign bottoms
because wages were cheaper, and lie hoped
some aid would bc extended to Americans en-
gdged Ia foreign commerce.
After further discussion the resolution was
rejected. yeas. 3; nays 5o.
The second resolution was then taken up ami
gmehdnents To include AL vessels engaged In
inland traffic and apply to articles used IN the
construction Of vessels, were rejected. AZ wac
also the res'lution by =. yeas and % nays.
. The third resolution was tnen taken up, and
Mr. Nazero OF Boston moved to amend by add
ing me words, upon the payment Of resson-
able duty on the cost"
fie amendment was adopted and the reaolu-
tlon as amended was then rejected by 80 yeas to
- nay there not being two-thirds in the aairin-
The action on the second aud third resolu-
tions can hardly be considered fair expression
OF the board. owing to the confusion aud un-
certainty occasioned by the wrngling over the
amendments, and several members voted under
prSMtsstji pMy i,,o ., g, 1ou,. o,v. no,,.o ,,., b.
would tomorrow move the recnnsideI alton VI
the second and third Of the above resul Itlous.
The report of President fralley favoring the
Govcrnnlcn cnt's establishing u partmcnt uf
commerce was submitted with the 4 opposed
act of Congress estahlt.hlnc and defining ia
powers, etc. giving the executive department
the supervision and care Of agricultural, COM
mcrCial, manufacturing aud mining ia rests
under GoNcrnmeut regulation The report was
referred ba.k. approved to the Executive CuUu-
ell With Instructions t. urtc ON Congress- the
establishment of the de art nent.
Mr. Grusyenor of ~. Louis, Chairman OF the
Committee on Tran IuTtatiun Facilities, sub
mitted partial report embracin. general resV-
lutiOns
rra- ra-Recogniying measures for chespening trans.
pOrtation ~ national tcessltS.
SscQHd-D ,clArug that Goa Sre.s should charter any
road between thr interior AMI the scaooard ~hich pr
Nnte capital my undertake TO build but that such road
should be- suujrc ~ the state laws ss TO taxation
control a. other roads IN the state.
7hUd-1hat Congress rhu uld prevent unjust restrc.
tons by am Stsfe uuon Interstate but TINT
the prot cun Of the people uf each slac from eAAc-
tons OF roids within TIE state, W refusal 10 perform
be securad hy state courts and Legislature
t0"'M That the oily permaneut gusra tee sgsinst
OF the natural free highways by channels the
sea- aud therefore rrOic al the IMPROVEMENT of tue
~, LASt, ace ty.'s D, Aha asu in. vn,s's 10 IN
mendins the cares investigation Ol other routes, aud
trustn that the hnpros emen u the Mississippi aud
OAlO rivers may be passed without defy.
ttfh That a BOARD of cumini- sioucrs should he AZ.
pointed to investigate all plans for internal improve
meats and tuat appropriations should be made oay on
its rec uulnendstlOn.
The subject OF \ national hankrupt law was
next taken up ana the recommendations Of the
Executive Council approved, and Congress asked
to appoint a commission consisting Of the At
tornc Gencral and seven merc hants, bankers,
and manu- ufACturrr-, to revise the law.
a. % aYI he aui h