The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-10-22
National Board of Trade.

The sixth annual convention of the ma
tional board of trade assembled in Music
Hall at noon to-day. President Fraiey of
Philadelphia called the body to order and
the proceedings were opened with prayer
by the Rev. DR., Goodwin of Chicago a
delegation OF the New York produce eX
change were admitted to seats with well
come.
A large attendance from nearly every
city in the country wasrcpresented. b. +.
Culver, President of the Chicago Board Of
Trade delivered an interesting address Of
welcome on behalf of Chicago and her
business board. President Frailcy briefly
and happily responded in an eloquent tri-
butte to the Chicago report of the action of
the Executive Committee for the past year
and recommends the encouragement of
American shipbulding. BY the allowance
of bounties for building, whether the ma
terial used be foreign or American,
condemns the credit system of the govern
ment promises to pay and national banks
founded thereon, and demands currency
resting on n specie basis, condemns the
policy of banks in paying interest on call
deposits, favors the government regulating
interstate transportation and reduction of
rates SO that producer may share in the pro-
fits of his produce, and condemns system
of watering stocks so that dividends are
paid on fictitious representations of value.
The convention then proceeded to the
election OF officers, Mr.. Smith of Milwau-
kce, presiding.
President Frailey was unanimously re-
elected. Upon rcsuming the duties of
president he made a brief address of thanks.
The following vice presidents were cleo
ted c L Culver, Chicago 5 + Coying-
ton, Cincinnati Z p Dorr, Buffalo II p
Bridge, Detroit Henry ] Latshow, Kan
sas City, VIM G Smith, Milwaukee F.; J c
/ johnson, Newark, \ j; VIM NJ Burwcl,
New Orleans; Geo Opdyllc, New York; c
Hoffman, Philadelphia c c Jersey.
Portland, Me; VIM Grosyenor, Portland,
Oregon b II Bowncr, ST. Louis ; b F
| Nourse, Boston.
Pending the elections the chairman APP
pointed Messrs. Howe of Chicago, Boyn-
/ ton of New York, Marsh of Kansas City.
Davis of Cincinnati, and Haskell of Port
land committee on credentials TO consider
new applications for membership of the
board.
\ delegation from the Dominion Board
of Trade was announced and received ON
the platform and welcomed by the Prcsi-
dent the welcome was responded to, hap
PLY, by president Rowland of the
Dominion Board. BY the suspension
of rules committee was appointed to
which was referred the subject of transpor-
tation facilities Wise Niessers Grosyener,
of st. Louis Howe, Of Chicago; Smith,
of Cincinnati Sharp, of New York and
Allen of Philadelphia.
Committee to consider the subject of
Canadian Reciprocity; Mcllara of Mil
waukce, Bond of Boston, Boynton of New
York. Taylor of Cincinnati, Drew of Chi
cago. Haskell of Portladd, and Harvey of
Detroit.
The subjects of the Reform, Currency,
National Banking, and the National Bank
Ing Law will be referred to committees
which will be announced in the morning
The Dominion Board OF Trade We're in
vited to choose delegates to confer with
the committee ON transportation. and
named Hugh McLelland, and Thomas.
After deciding that daily session be
held from l0a. IN. to 4 p m, the Board
adjourned until tomorrow morning.