, 1873-10-24

Doar Of Trndc to 10 to the Exchange visit
Mr. uo,ou llovcd the board accept tlc Invitation nt
rio motion WIS agreed to- ind tho Board adjourned
till Aalf-pust Z. |
EVENING SESSION..
THE CONVENTION nEAssEM,:IED
at f.alf-pnst 7, pursuant to adjournment.
Cards Of invitation to the Exposition were presented
to tho members.
nEronr or TIE FINANCE coMNirTEE.
Tho Committee on Finance and Banking presented
tue fol1owing:
The Committee on Finance rcapectfuly submit and
recommend tho ntortion Of the following resolution
relasive to The resumption Of specic Payments nnd tito
Resoired Tint tho National Board Of Trade recon-
ou OF Tho sfecio standard to tho circulating currency
tho United States, md for regulating the ISSUE mud
IFrs-For tho redemption Of tho Treasury notes Of
the United States conmonly called NJ tho
aana of M hoSys erso on a I Iner The st
Monday tnymy, D. ls7s r,,,ooo, u,v In ressuoa
fof nkng al aymenta sq BY he Ued States oer
than those for whte9 tho payment Of specie Is aneeay
M @ o ' or pG,ss sser 70 o a
United States when requested by ay one sesirons Of
IhiraETLat tho lad Treasury notes Of tho United
States shait continue to DO legal lender for tho pay
nent Of an debts, public and private, as tho same
Four.h-That for the pnrroao Of regulating tho c,lr-
reney furnished by said Treasury notes, anu pro-
% When such changes II is volume called fSs y tho
business Of tho country the Secretary o. te Trsasry
Ds eersnss @ of asS IL
a &c., .a II besr any ue.s q. s 3
cA ofSo,ioo pcr cent pcr nnnam Tie cortihcatcs 80
Is,,cd aaii not exceed S3oouoooo in tho wh9le and
sail certificates shall le rclecnable at tie w Of the
| huldera thereof In Treasury notes OF tho United
States, Of tho denominations now IN use anu uloh
lila
80 rsesc s sa Sa md desroye
but new certificates may FROM ,imc to me 10 Issued
rseene. re- @ II iho same shail 10 demanded by the hold
ers OF United ssaea Treasury notes. And tho eern-
tbter be sa eared by Inv 10 e by
National Banks for the payment Of their clrcnatlon
md deposits FREDERICK FRA1Ef, Cbarna'i.
AIr. Woolly, .of Ohio. muvetl 1t DO rtsotrea and
mn.le tho speciul order for Friday at p II waa
dercd.
| ANOTHER DELEGATE FnoM MOBILE.
Mr.. Brom.crg Ks, to the desk the tccgraphic Gre
dentials Of AR. Hamilton, Of Mobile, now present
here. uc was admitted aa delegate.
l THE TRANSPORTATION QUESTION.
The transportation question then taken up.
AIr. Bouner Of ST. Louis, entitlud to tho hoor,
| but yielded II to the Canadian delegation.
THE CANADIAN DELEGATION EXPRESSES Irs OPINION.
Mr. 0fcLcunan, Of Montreal, said hts delegation
fully comprchcndcd Its position in the pending qace-
ou In which they closely Identified with the
West, uo should speak only Of lhoBe points which ho
fully ,,ntcrstood. The people Of tho Dominion pro-
d,lced littlo aud consumed ltlo Of The surplus OF
grain, and yct owing to their peculiar position hao
much to lo with handling tho American aurpl,s. Ihes
tho Mea1 Gan an aso % age senef tfauo on uy tEt
Thclr trade last year 13,oooo 900 bushels PIG
IT, m aro as oisa 4ss Eaas wa
J was growing will ihe Weht, was. very anroFtan az,
Eg e ss95y sss sFaa e apae
Of tho Dun.nin. 10 do This tsato 'Eas well known
The difficulty now was ths tue yessss WIRE too 1arg.
/, less this trouble did not oee,.s. Many suggossiont
been @ as Hs to ns h9s tEos aa
= Ing 0hicngoan lad been ono Of its advocates
THO Dominion prs;srrsa however to r,.s ssSt
shio ad t to be looked at The wealth Of America Il
Anssta ,ss % iad bud unlimited scoss ae csnas Ia.
o been ut aIsndvanaga and h9 crstose turned NOR
G t6eS Se wees 10 on nasky Sens R a
9pys h S,S sFS asy SCI S
raey so'ey by tSD Canada soi NV ths
undertaken in the game In oses rS t9 & ynue1s fcf
f. %S a s afs H. ssssst ss
70 to Kingston at loust These works would bo hn!ss
Ssars x.a VICE. Ms1s hs
and tbe St. Lawrence improved from Qucbec to Mel
roa they would 10 IN fur position n t. sompsts 70
treSts Tie wsst Why could not 10 tr
II ons esffD u Il
nj when tho crop wae Bna tho coasting laws exclude
u them from American trade onee their merchant q,
H. nad 10 no Into this business with caut!ou since tht
ri could tbey would double thcr fAcies, and TINT VT
ho QUO way in which to holp the Western pr9uuce
p Tlsy could not do i now since they eoM 1s ny y i Mn
1lo out puyY certai duties. Tho tolls now u
to cana weya half cent bslc!. Ito did not Dal1c
r., tiny could DO Increased when tho canala were Ct
ay lhrBud. ..,
i'll said he had 1Atcnel with great deal u interest %
by discussions ut tb!a and previous acssiohs o. y
cd discussion OIL the transportation question: 1t "as
ro- | mattor Of no importance 10 the Dominion Whelh
N. te State or Federal Governments controlled the ~
that to question Of transportation waa one Of gre
m. importance 10 tlem. III Canada tho Dominion 70
in er,lment Ind to do with NIL Tho railways nna SnaA
Iut fae he felt cause for sclfcougrasuatton IN Wow
by tic mornings discussion relatiYe 70 aoycrnmolt
1t tercrence Il tho management Of tho Tapaah @ ~ 9.
ar- M ons concerning tae United States but to st,
wilat Oallada had determined to do TO impro
transportation ThoEo was n!salpreheaeo.nG aa. ~ ~
oc a worka tue to The aid OF tho IncF'hl uose
Gus mert. That was nlistakc. Canhta la1 lmi'ro'
ller water RESOURCES With her own !MsH ntsn sons H
ul. MD from my ~ what sl!o VIZ now uo1Ll II
bud Blont $50 UO1 UH0 IN their orcan highways sotM
tuturin!tei pend tWnity !nro oil iheti. Gontfa
hua been ut ui tho Wnl'ail1 antl orl,9tia o! tae J.
sy admit yeHsels Carrying 4ouo1 or bo0to pua!,c,A
liz grain ANIL giving llo West tho hest ppra!Go cutie
rIo Tic ocean. in 1874 Illinois com!haoner* aa rept
my tho moas Of relieving tho u, West. y, !
lc policy waa Ut course greatly due to otAor motives
,ul. helping tho Vest. Eur yeara in canada thofe hau
out many thinking tloy wore big crongh anu u the
ons, wuuteG them enlarged, let It'd 4. nut thy new
Tie ornn,ent had different policy Il gaw that w. IL
m, that yeKHeIa frnpl tho maritime provinces could uT