New-York tribune., 1874-01-15
THE NATIONAL BOARD or TRADE.

OCEAN TRACKs-REFoRM IN TIE REVENUE LAWS
TIE NATIONAL FINANCES.
BALTIMORE, Jan. l4-The National Board of
Trade reas sseDled tins morning Mr.. stevens OF New
York offered the following, which was unanimously
adopted:
Re.oieed That the National Board of Trade cordially
approve aud ndorsc memorial Of the Chamber OF
Commerce OF New-Yorl to The Congress 0f the Uued
States Drawing the establishment OF an International
,onunis,ion OF the Maritime Powers, To lay down
an tracks Tor inward and outwatd steam vessels
the North Atlantic and To devise such other laws ana
regulations as may promote additional safety to ocean
travel.
Mr. Bond OF Boston presented series % resolutions
of tue Boston Board of Trade concerning reform in the
Revenue laws debate ensued, which was partic
mated in by Messrs. Nazro of Boston Stevens OF New
York Noursc or Boston, and others.
Mr. Nourse said the law regarding penalties, ana
moietes allowed informers, disgrace under 1t
any empoye OF firm can enter into coluson with Rev
enue officers 70 defraud The law stands as If every
merchant and importer was n rascal.
Mr. Chittenden OF New-York said II was wei! known
that there were dishonest merchants every city, and
every honest merchant had interest IN having the
Revenue laws enforced
Mr. TAYLOR of Cincinnati said he doubted whether the
laws regarding penalties and moieties could be safely
abolished.
After further debate the first resolution OF the Boston
Roar,l OF Trade was adopted and the remaining
referred to Committee to report tomorrow Toe reso
luton adopted is as follows:
Resoced That in the judgment OF the Board the laws
under which customs duties are now collected are
dnicut to understand and in connection with the de-
moraIizng system OF rewardlng inf0rmers with mole
ties aud with the arbitrary powers vested In the Oni
GERS who themselves lnformers to seize books and
papers they commonly serve traps for honest I'M
porers and an encouragement to corruption, oppres-
sion, and bribery.
President Fraley then read the following report OF the
Committee on National Finances
Resolred-FIrst: That the National Board OF Trade
respectfully recommends to Congress tnat there shall
be no further OF redeemable paper money what
A..
Second That in the opinion Of this Board Is the fret
duty OF TO provide for the retirement
md canoe atou Of much OF the eRaltender issue as
has been taken from so-caued Iorty.fodr million ro-
serve. - co-.
OF the public service the lowest possipe point, ana
that strict economy be instituted IN AL TIC appiopa
tons 80 ,oa,,o,, -.
Fourth That Congress be requested so 70 aneuu 'ne
National Bauking law that banks DE competed 10
hold tine coin they receive for interest on teT bonds
security for their Circulation az part
of their reserve until Their reserve o." Snail DC tlui
at lea st TO 80 per cent OF their cHcuia'i""'
The remainder of the session was occupied In debate
~, ,,. re,or, which TOOK wide range On OF
AZ, Grosyenor the Committee OF the Whole reported
n,o,,e.s. and were discharged until tomorrow Mr..
Van Horn moved that the debate the report closed
.,, n m tomorrow, and that vote question De
then taken. Adopted. The Board adjourned until 10
o,.lock To- morrow.