The New York herald., 1873-10-26
NATIONAL BOARD OF TRADE.
RESOLUTIONS OF the Board ON the Ques-
ttOn or TransportatiOn-Adjo
Until January.

Resolutions OF the Board the Ques-
tion OF Transportation-Adjou
Until January.
CHICAGO, H., Oct. 25, 1873.
The National Board OF Trade reassembled this
morning. The President announced that the Ex-
ecutive Council had reelected Charles Randolph as
Secretary and Treasurer and had designated Balti-
more as the next place OF meeting. The subject OF
finance was then taken up. Mr.. Nourse, OF Bos-
ton, made an extended address in favor of the
report OF the committee, and argued the necessity
and ability OF the country for the resumption Of
specie payments on the day fixed. He moved an
amendment to the third section, that the Treasury
notes to be legal tenders, except for dues to
the United States, after the date of resumption Of
specie payments, July l, 1877
Mr. DIX, OF Chicago, read statistics to prove the
need OF the present volume of the currency.
Mr. MEIsNER, Of New York, favored the report OF
the committee.
Mr.. TAYLOR, OF Cincinnati, favored the commit
tees report, with Mr.. Nourse's amendment, and
thought the government should go out OF the
banking business.
ton on the financial and transportation questions,
when the Board ad0urn5 1t be to meet in Baltimore
on the second Tuesday in January next Adopted.
THE AMENDED REPORT or THE TRANSPORTATION
COMMITTEES
was submitted and propositions were made:-
restrictions upon Interstate commerce, but that
protection to the people OF the States be secured
by legislatures and courts; second, rejoicing over
the Improvement or the Welland and the st. Law.
renee canals by Canada and the New York canals,
and iavoring the Mississippi River Improvement;
way from East to West, and questions german, to
the Executive Council Tor future consideration.
Mr.. H0LToN, OF Milwaukee, oifered q substitute
for the first proposition declaring that States have
the right to regulate railways within their borders
Mr.. WETHERELL. of ennsylvania, favored the
Congressional regulation OF the railways
MIR. ABLE, OF =. Louis, opposed the Congress
siOnal control OF the railways or anything looking
to the Capitalization or the power OF the govern
BurweL, of New Orleans, took the same ground.
Messrs. Linze and Woolley, OF Cincinnati; Allen,
OF Philadelphia, and Crocker, OF Boston, favored
Mr.. WRIGHT, OF Chicago, onered substi-
tute referring the subject OF transportation to the
general government and legislatures, to gov
erned by the same general laws governing other
Industries; that 1t should not be the policy of the
general government TO assume the business of the
people either IN transportation by rail or water
or In the construction OF such routes. and recon-
mending the legislatures to protect the people
aaqst 5ee n oy ,a carriers
Mr.. Bomberg opposed 1t. The debate having in
volved to some extent the question Of State
to ask Congress to exercise such power
as the constitution authorizes for the
rese on the rss preposton
20, nays 16. The defeated side wanted a two-tiirds
vote The second and third propositions were
Chicago Board OF Trade, Chicago and her news |
papers were unanimously adopted.
trade relations with the Spanish colonies Mr. B. |
A. Gan0 introduced q resolution, which was !
adopted, asking that the banks and clearing
houses adopt some plan for obviating the neces-
sity OF large transfers OF currency between Dus-
Resolutions were adopted thanking the ofncers OF
The Board then adjourned to meet in Baltimore
on the second Tuesday in January next.