Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-10-22
NATIONAL BOARD OF TRADE.
Sixth Annual Convention at Chicago
Very Large Attendance, and Very = =
Interesting Reports.
Transportation and Banking the Lead
ing Topics for DiscussiOn-COm-
mittees Appointed.

/ CHICAGO. October etr-The sixth an
nual convention of the national board
/ Of trade assembled at Music ball at noon
/ to-day. President Frailey of Philadel-
phia, called the body 10 order, and the
proceedings were opened by prayer by
I Rev. DR.. Goodwin, of Chicago. The
delegation from the New York produce
exchange were admitted TO seats with
an address of welcome. Secretary Ran
d0lph, Of Chicago, called the list Of del
egates. There is a large attendance,
nearly every city in the country being
represented, but the list Of delegates is
yet incomplete. r. +. Swan was chosen
assistant secretary. B. F. Culver,
president Of the Chicago board Of trade,
delivered an Interesting address of vel
come on behalf of Chicago aud her
business boards, which was briefly and
happily responded to by Pres
dent Frailey in an eloquent tribute
TO Chicago. The report of the
executive council, its action during
the past year, was read, The report
recommends the encouragement OF ship
building by the allowance Of bOunties
for building, whether the materials used
are foreign or American, condemns the
credit system OF government promises
tO-pay and the national banks founded
thereon, demands q currency resting on
a specie basis, condemns the policy Of
banks paying interest on call-depOsits,
favOrs the government regulation Of in
ter-State tFansp poTtation and the re,
ductiOn of rates so that the producer
may share the profits Of his produce, and
cOndems the system Of watering stocks
so that dividends are paid on a fictitious
repres entation Of value. The cOnven-
ton then proceeded 10 an election Of
officers, MI Smith, of Milwaukee, pre-
siding, and President Frsiley was uBan-
imously reelected. Upon resump-
ton of his duties, the president
made 2 brief add ess expressive Of his
thanks to the body for continued mani~
festatiOn Of their regard and confidence.
The following vice-presidents were
then elected: G. E Culver, Chicago; 5. /
F. Darlington, Cincinnati; l.. P. Dorr,
Buffalo; II. P. Bridge, Detroit; Henry
J. Latham, Kansas City; William L. !
smith, Milwaukee; 5. c. Johnson, New. /
ark; William N. Burwell, New Orleans; |
George Opdyke, New York; c. J. Hoff- |
man, Philadelphia; f. c. Hersey, Port /
land; William GTosvenoT, Portland; B. |
r. Bonner, st. Louis 3. F. Nourse, |
Boston.
Pending the election the chairman !
appointed Messrs. Howe, of Chicago; /
BOyntOn, of New York; Marsh, of Kan /
sas City; Davis, Of Cincinnati, and Has
kell, Of Portland, as a committee on ere
dentisls to consider new applications +.
for membership Of the board.
4 delegation from the Dominion board /
OF trade was announced, They were
received on the platform and welcomed
by the president.
The welcome was respOnded to happily
by Nice-President Rowland, Of the Do
miniOn board, and by suspension Of the
rules the committee was appointed, to
which was referred the subject of trans
pOrtatiOn facilities. The committee is:
GrosveuOr, St. Louis; Howe, Chicago;
smith, Cincinnati; StartneW, New
York; Allen, Philadelphia. The com
mittee appointed to consider the subject
Of the Canadian reciprocity, were:
MCLsTen, Milwaukee; Bond, BOston;
Boyntou, New York; Taylor, CiRcin-
natl; Drew, Chicago; Haskell, Port
iandi Harvey, Detroit. The subjects Of ;
reform, OF the currency, national bank
ing and the national banking law viii
be referred 10 a committee TO be ap-
pointed by them in the morning. The
Dominion board Of trade was invited to
choose a delegate TO confer with the ,
committee on transportation. and
named Hugh Mcclellan. Thomas
Whites communication from General
Stager, Superintendent Western Union Z
Telegraph Company, rendering the free ;
lse Of the wires OF the company to
for private and family dis {
patches during the session Of the board,
was received and accepted with thanks
The invitation Of Carpenter and Shell
len. managers Star Lecture Course, TO
attend the reading Of Harriet B -ecbeT
StO sc this evening, with free tickets,
was accepted with thanks. They de- ,
,ided daily sessions be held from ten in ,
he m9rning to four in the afternoon.
Adjourned 10 tomorrow morning,