New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-17
COMMERCIAL INTERESTS.
THE NATIONAL BOARD OF TRADE.

APPROVED - RESOLUTIONS AND DkBAIh oN
ACKNOWLEDGEMENTS REFoRh-iNbAN
TERRITORY ACKNOWLEDGEMENTS Cuh-
RENcY OBSERVATION-DISCLOSURES AMERICAN COM
nrRCE-THH GENEVA AwARD-ADJoURNhhNi
OF TIE CONVENTION.
BALTIMORE, Jan. 1G.-The National Boaru Oh
5,ace reassembled al Ralto Hall this morning The
Executive Council 10 whom was referred the matter VI
te DISTINCTIONS at the mouth Of the De'ro h'er re-
p,rted the following preamble and resolution which
we're adopted:
Whereas, There exists at The mouth OF the Detroit
rumetcns shoals aud rocks many OF them being IN the
direct road OF track Of vessels gong IN ana oh OF tbe
1yeT, Causing serious obstructiohS anu IN Nei! kcd'
many instances great loss and ,-
Nh,re0s Some Of these instructions lie III American
and come IN Canadian waters; and
WheTeas is believed that the amount of valuable
property steamers and vessels passing through me
II oquaed by that passing through any other outlet III
R.soJ,Sd That the Executive Council he instructed
lay before the National Government and ask
immediate attention 10 the prompt removal OF these
distractions where they exist
Mr. Mario read a long communication from Com
niander selfridge OF the United states Navy on the
Darien Ship Canal. The following was then adopted
without debate:
HtsOlped That the National Board OF Trade hcrrbv
recognize the great commercial and national nporanco
The Darlen Canal surveyed and projected pi '"n
,nander sefrdge OF the United states E4NS ana 1'n
tins great enterprise 10 the favorable consdca
Sion Of the people Of the United states.
On motion OF Mr. Bomber OF ST. Louis the President
appointed committee of 1--WE to whom referred the
rganaton OF the Indian Territory" with leave TO
report at their pleasure Mr. Grosvenor OF 81 Lonis
submitted the report the Committee on Transports
non Mr. Croker of Boston said the whole question Oh
transportation involved IN one word-comptuh"h'
We want competition from Portland To the Gulf OF Mex
loo He believed the not far distant when the rail-
roads will do the sporttion business of the country
because they do much quicker: and he thought the
railroads vet IN their infancy. Afer further debate by
Mr.. Hustled o. New-York, Mr. McLaren OF Milwaukee,
and others. Mr.. Taylor OF Cincinnati moved the adoption
oi the rst four resolutions OF the Tcport Of the Commit
Tee on transportation. The resolutions named were
then adopted, and are as follows:
First: That railway companies engaged IA the butlness
transporting grain ID bnk should. III all cases denver
The quantity of grain they receive, aud that
while II Is believed that int common law governing an
carriers would, # appealed TO- enforce ths prlnclpe
proper and desirable that the different State Legs
latures shOnd pass laws competing us 0hStfNdhct
thereby facilitating It's eniOfcelutut Dy any lhuIuua'
sggrieyed.
Scoond That IL is incxpedient for Congress at the
present time 10 any pecuuiary Obligations or 10
make any appropriations IL ad Of artificial means OF
T.ird: That while railway companies. Ike al Other
corporations, are under the control OF ahu h,'"
responsible 10 the power which gave MON eAlstenoe'
snd NAV properly be checked in the exercise OF any On
just arbitrary powers nevertheless experience ha'
shown that 10 is lneXpedent 10 seek Oy bksldu'e
enactneDts TO tx rates of transportation
FotTh That the practical work OF transportation;
beng delegated by so many railway companies TO seod'
freight lines frequently leGh TO great abuses ana 10 an
unnatural ana unneecssary ADDITION 70 the cost OF
transportation ard that RAJ roads should either assume
the direct control and res2cnsihIF OF tielr own puN
Dess OF leave II open The competition VI nil Negnt
DEcs that nay undertake IL.
The 6fth resolution In reference 10 the charterinc by
the General Government Of any railway between The
West and the seaboard under proper restrictions when
ever private capital ma! undertake us construction was
next discussed.
Mr.. Stevens Of New-York spoke IN favor OF ns
adoption.
Nj Able o. ST. Louis opposed il. lie did not think u
advisable TO put the control Of railroads or any pliNate
affairs In The hands Of the General Government
MI Bryson of St LOUIS claimed that the resolution ad
Nocated granting the General Government no more
powers than already possessed ard quoted supreme
court decision that Congress had right TO regulate
commerce it had shJ 10 regulate the means OF com
merce
Mr. Van Horn OF Kansas city opposed the resolution
He did think within the province of tins body
which was an advisory one, TO discuss tins question,
winch he considered political one, and moved III IN
defBite postpOnement.
MI Grosvenor or 81. Louis did not believe tina! any
advantage would accrue from building double track
freight railway any other railway, under the patron
see OF the General Government, but would not oppose
tbe resolution because he believed the ONernmeut had
perfect right Ia grant 20 individuals the privilege OF
building railroads II the latter chose 20 TO invest Their
capital. He believed the only remedy for deficient
transportation between the East aud West must be
Of the country. He also said that the canal system
means OF transportation compared with railroads had
moved failure because the canals do not reach sui
heient number OF points and ne said that the Erie cana
had carried lIOloO less tons in 1872 tnan IN 1862
Messrs Wethereu and Windsor Of Philadelphia,
Townsend of New-York. and Mclsren of Milwaukee
slso took part in the discussion. at the conclusion 81
which MI Van Horns motion, that the resolution be in
definitely postponed was carried.
The following the sixth aud last resolution, then
adopted without debate:
R,soir,d That the Executive Council he instructed to
communicate memorial 10 the Legislatures o. the
several States the recommendations respecting state
Legislation embraced IN the foregoing resolutions, and
moreover the several constituent bodies III the
different their influence 10 secure Tie adO-
ton and enforcement OF the principles herein enun
rlated
Mr. Grub o. Philadelphia submitted the report OF the
Hpecial Committee on Revenue Laws. winch was
adopted Ii embodied the rst resolution OF the Boston
Board ~ Trade this subject, and adopted by
the National Board Of Trade on wednesday last aud In
addition the following:
E,,oirfd That these evils great and exert
ing so destructive influence on the morals " t-tde.
that We respectfully ASK Congress 10 The name Of the
Of the laws may be -tfely made.
u,oiutonh 10 Congress IN The name of the National
Board OF Trade aud take such other means az NAV Sc
cure refOrnatOry legislation
I'm motton Of MI Meissner Of New-YOrk the rules
were Suspended and he introduced preamble and
,,ou which were adopted reference TO bills OF ading
They claimed that MP present time there had been
no system of issuing bills OF adng that there was no
...urity for the holders OF bins and that the National
Board OF Trade should memoralize Congress and the
State Legislatures TO enact such laws and regulations as
VIII afford the necessary relief
on motion Of Mr. Bonner OF 81. Louis, the report Of
The Special Committee 10 whom referred The subject
Of the reorganization OF the Indian Territory read
and after some debate by Nj. Bonner and Mr..
Grub OF Philadelphia, the following resolution was
adopted:
p.s.t,.3 That Concress he and her.hv a rssnertrly