Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1875-06-25
Meeting Of the National
ROard Of Trade.


Philadelphia, June 1S.-The Nationa
Board of Trade convened at 8 4 m. Tn
committee on postal regulations sub nittet
resolutions favoring the establishment h.
lGoyernment of postal telegraph lines GU
OF the present telegraph companies, to b.
paid for by the Government at just val
uation. A motion to indefinitely POSTPONE
was carried.
At the session this afternoon the follow
ing in relation to the Centennial Exposi
ton was unanimously adopted:
Resolved, That as body we feel an un
|hesitating conviction that the success Of
the enterprise is already assured, and com
mend tine furthe,ancc of the work TO til.
pride and PATRIOTS m Of our fellow citizen!
In every part CT the county.
The Committee on transportation sub
mitted the following:
Whereas, Certain defects ex;s. in our sys
TEN Of transportation which are an unne
cessary burden on commercial interest:
and also upon every producer ard cen
sumner ard
Whereas. Prominent among tlesc Gre
the construction Of railways mainly By The
proceeds Of bonds withou: The full pay-
ment Of the stock subscribed; the water.
ing of stock on prosperous roads to afford
q plausible prctext TO. imposing upon The
public; ali oppressive i.riff of charges:
combination between parallel lines for the
same purpose; ths division Of the ieg;ti.
mate work Of railways smong various sub
companies, such sc fast freight, express,
palace and sleeping Ger companion, the ex
istence Of bridge companies and other de.
vices. in which railway managers a-rc 10 :
tercsted and which deplete tho revenues
which legitimately belong to tie stock
holders, together with other and greater
defects which affect the public interest
therefore,
Resolved, That the subject CT trancpcr
tatlon having, as it has. most important
bearing upon the welfare both of our in
ternal and foreign commerce, should ie.
ceive the earnest consideration Of le.iGla
tors, both State and National. 10 the end
tha: substantial justice be done both to
the capit:.l which has been honestly invest
ed in our transportation syetem, Fad also
TO the public.
RESOLVED, That where transportation
lines ere located exclusively within the
limits of State, they should be regulated
BY State legislation, but where they are
engaged IN inter Stale commerce, it is the
duty of the national Government to pre-
scribe and enforce such regulations Us
will insure substantial justice to al con-
cerned.
Resolved, That there exists a laments
bic lack OF reliable data on which to base
legislation at this time. and we therefore
urge on Congress the establishment of q
department or bureau whose special bust
ness it shall be 20 collect and disseminate
bearing or oCr gres: national
which is now estimated to ex.
coed 10 amount thai OF our fofeign com
mcrce, in ratio of - to l. We also com.
mend to the attention of the various States
the importance of collecting reliable in
formation upon which to base their local
legislation on this great question.
Resolved, That experience has shown
that any attempt to regulate the details Of
railroad management IS inexpecient; bul
that certain laws Of 6 general character
should be enacted which are both pract,ca.
be and necessary for the protection Of the
public interest. Among these, primarily,
is en- amendment to the general railway
Law ct the different States, 90 Is to prohibi,
the issue Of stock which is NO: paid for,
and the increase of capital stock except
for definite and specified extension 81
the issue of stock to repre-
sent surplus earnings which have been
collected from the public TO be absolutely
prohibited. Second, A uniform system
for keeping the accounts of transportation
should be established in ali The
States, which will enable . correct judg
ment t. be formed of their condition
Third, A uniform classification Of tn
variOus articles o. merchandise shoald b.
made IN al the States. Fourth, A uniform
sys;e,n Of publishing OF posting At every
shipping point : schedule of rates and
fares, embracing all particulars regarding
distance, classification. special tariff, etc.
and prohibiting any increase Of such limit,
without at least 30 days notice, Fifth
equir,ng railway companies to receip
for quantity and TO deliver the same q
ITS destination.