The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-10-23
National Board Of Trade.

Ol Trace resumed ltS session tll8 evening
Forty.1ye delegates. answered at the
roll call.
President Frailey announced the Com.
mittee on the Reform Of Currency, Ma
tional Banks and National Banking Law
Wooley, oil Cincinnati; Nourse, Of Boston
Sranahan, OF New York; Wright, Of Chi.
cago; Bonner, ot ST. Louis; Pindle, Louis.
vile; Burwcll, New Orleans; Grosvenor
+ Portland; Smith, Milwaukee; Bromberg,
Mobile. President Frailey was added 70
the Committee, a -r
The Secretary read the report Of the
Executive Council on the National bank
rupt law, containing the following sug-
gestions: The abolition Of fees and the es.
tablishment Of salaries for officers; enlarg.
ing the power Of Gssignees; authorizing
creditors 10 choose committee OF their
own number to settle accounts and make
distributions; that the Federal government
fix the amount and kind ol property ex-
empt from assignment, not subject to any
change by States.
The Board proceeded to discuss the fol.
lowing resolutions, regarding the Ameri-
can shipping interests, offered by the Ex-
ecutive Council: r. d.. ~. .
Re0lred, That just regard for the In.
crease oi American shipping interests
should cause Congress 10 encourage
American ship builders and owners by
an allowance oil bounties for building
ships, whether the materials used in their
construction be OF foreign or American
production, so that American ship build
ers may be placed as nearly as possible
upon the same footing as companies In
other countries: % .
ReSolred, That the board renew the re.
commentator TO Congress that oil articles
of foreign product needed for subsistence
and general use on board OF vessels en-.
gagged in foreign trade be allowed to be
Withdrawn without the payment OF duty
from the bonded warehouse.
ReSolued, That justice TO the ship owning
interests and best welfare Of the National
commerce alike demand that the right be
conceded by law TO American citizens to
purchase tonnage wherever built or own
ed and to place it under the protection OF
their own flag.
Hswley, Of Detroit, opposed discrim.
ination by the government in iavor Of
any industrial interest as unwise and un-
constitutional.
Stone, of Wilmington, said the ship
builders there did not desire government
aid. The cost OF building was not more
than ten per cent more than the cost on
the Clyde, and the cost of building on
the Clyde was daily increasing by the ad-
vance In the cost OF labor, coal and iron.
Wilmington ship builders ask no govern
ment aid.
Wetherill, OF Philadelphia, agreed that
American ship builders needed and asked
no protection. Iron steamships are now
built in America at a less cost than. on
the Clyde. r..
Smith, Of Milwaukee, opposed the first
resolution. 81 s'
conger, OF Massachusetts, opposed any
class Of special government legislation
Let progress rely on individual enter
prise. fa- ~
Stranahan, Of New York, said the most
foreign carrying was done in foreign bot
toms, because of cheaper wages, and
hoped some aid would be favored Amer.
lea in foreign commerce.
The debate was continued by Burwell,
Of New Orleans, Davis, Of Cincinnati,
Dore, Of Chicago, HerseY, Of Portland,
Taylor, Of Cincinnati, Nazro, Of Boston,
WolleY, Of Cincinnati, Dorr, OF Buffalo,
and Grosvenor, who opposed the first
resolution, and Stone, Of Wilmington,
Dorr, of Buffalo, and Taylor, Of Cinciu-
natl, who favored 1t.
The resolution was rejected. Yeas-3;
nays-5S.
The second resolution was then taken
up, and the amendments to include all
vessels engaged in inland traffic, and ap.
ply 10 articles used in the construction Of
vessels. Pending the vote on the amend.
ments, a motion 10. lay the whole subject
on the table was carried. But on motion
Of Mr.. Covingtop, Of Cincinnati, the vote
was reconsidcred, the amendments voted
and rejected, as was also the resolution,
by yeas-22; nays-36.
The third resolution was then taken up.
Mr.. Nazro, Of Boston, moved to amend
by adding the words, "upon payment Of
q reasonable duty on cost" the amend.
ment was adopted and the resolution as
amended was then rejected. Yeas-40;
nays-33. Not two thirds affirmative.
The action OF the second and third res.
olutions can hardly be considered fair
expression oil the Board on the subject,
owing TO tho confusion and uncertainty
occasioned by wrangling, over the amend.
ments, and several members voted under
protest. ~ ...t.s7s -.al
he would tomorrow move for the recon-
sideration Of the second and third above
Resolutions.
The report Of President Trolley, favor
ing the government establishing Depart.
ment Of Commerce, was submitted, with q
proposed act Of Congress establishing and
defining powers, &C., giving this execn-
tive department supervision and care Of
the agricultural, commercial, manuiactur.
ing and ming interests under government
regulation.
The report was accepted and the Presi.
dent explained the details Of the proVls-
ions. The report was referred back ap.
proved to the Executive Council, with in.
structions 10 urge On Congress the estab.
lishment ot o department. = f"
MIR. Grosvenor, Of st. Louis, chairman
o! the Committee on Transportation Fa.
cilities, submitted . partial report, en-
bracing the following general resolutions:
1st Recognizing measures for cheaper.
ing transportation as national necessity.
Sd. Declaring that Congress should
charter any road between the interior and
the seaboard which private capital may
undertake TO build, but that such road
should te subject to the same State. laws
as to taxation or control as other roads
In the same State. l.s. ......... .-..
Just restrictions by any State upon the
Interstate commerce; but that tho pro-
lection Of the people Of each State from
the exactions Of roads within the State,
or their refusal to perform their full duty
as common carriers may most .eifectually