The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-06-17
MERCHANTS IN COUNCIL.
T;u NATIONAL BOARD OF TRADE.
l,brjlsra from Philadelphia papers.l

Tho shvnr, y annull meeting OF tue Ma
..,,%I BOARD Of Tta!e commenced 10 day al
',"r a. the rooms ~ the Phil d'lpha Board
"sTr,dc, Mercantile Library building, Tenth
trr.. above Chestnut. Hon. Frederick
,,~,'fv. president, occupied the chair
,h,rlrS Randolph, secretary.
y, representatives reported from R'ch-
.,Hn,I. but some are no DOUBT there before
row.3
-rTrljc OF Philadelphia, delivered the adj
.u,.., u welcome.
H1a. william r. smith, Of Milwaukee, at
=, ylquc>; Of Sir. Fraiey, responded to MIR.
Welsh.
the SEVENTH ASSrAL REPORT
,.,.r Executive Council was presented and
...i II j. 4 tirv document OF little general
f., -r.f. save those portions which we here
a",od:
NATIONAL BANKRUPT LAW.
7'ln Board AT Chicago recommended i'm
-.,,..,nt noG.ticu'ion- in the national law re-
.,.r. .nc proceedings in bankruptcy, specify
i'm. ,eycrli particulars in which 1t was
6..mrd amendments were necessary, and
g,rr,-,..y ;,SIyinG that Congress would au'
,l,l.I. ataOru4gh revision OF the law 10 be
~ .E, iH 4 COMMISSION representing both the
G3lrfumcut and Hi. business Interests OF the
country. GA .hi> >tI i CT ;he full measure OF
relief >au.ht i-.> not been accorded. but
,.yy im.,r M notifications Of the law in
-, 'firrr'ita -;!yg@>tt were adop!ed, so that
,,o,.nrtiIc-- a.a"r j, are now somewhat more
,ni,rt;oI,. ava % Macy cases less expensive.
In. Couar.t regret That Congress has
I'D. avuicd -, i ri other suggestions result
H.. ;.am Ii. Experience Of those most in-
-.r,>,,,i IN tn" OPERATION Of this primarily
t.g.fi.yui In. uiUrh abused enactment, to
,.airrr.. ana =, IL: IL possible simplify, the
,,rur..cin.> GGirGi'. - Fat while the honest
H.. tl;ifr.tuu.lr> dcbtor may be legally re-
bowed from a1It .diuu> he nndS 1t impossible |
1.Eg.gi>c - discharge, il shall neither be the
ID,ans Of promoting dishonesty nor so dila- !
try or CXacr sly" in ia operations rs to rem |
DIR il an undesirable method of realizing on |
;ll1.r estates which from necessity must be |
Gl.ro,rl Q! foY the hcncti. OF creditors.
DEPARTMENT OF COMMERCE.
The National Board has repeatedly given |
EXPRESSION favorable to the establishment OF |
i nr;urtm. ut rf Commerce as distinct |
t7Aurh oil tie Government, such depart. |
rrruf - hr charged wllh the genera! over |
SIGHT o. 81. interests pertaining TO both The !
f,-,i.u aud domestic commerce of the cOun.
try: aud 1T TIE mrctDg IN Chicago approved |
he substance Of :. bill prepared by the
l-v.i'cnt OF TIE Board d indicating their
view, A. 10 what snOuld be embraced in
The duties Of such Il department, and di-
rrct,l the Council TO prosecute its efforts
rr The establishment OF tn, same by Con-
yrc.-. These instructions have been OBJ
>,lyri. and tt" SUI jet has, as heretofore,
lv,n pressed upon the attention OF the Gov
t,lmon,. @ul will" the Council cannot re-
;yIl iiill success in their sif)riS they deem it
:. source OF generalization 10 the Board that
IL. question: aJIrar> 10 be regarded with
growing favor. AMI that what may be called
lie first ~ i.s> already been taken IN the
direction desired.
CURRENCY AND FINANCE.
rhc repor, CITES al length the action OF the
council aud Beard relative TO securing an
imnrprcmeu! IN oar national currency sys-
tru.
CHARACTER OF THE BOARD.
After dilutln. upon the character and pur-
;a.-r of the Boa, q the report continues:
II, then, ta"rr is 1iald of usefulness 10
N,r broad domain OF commercial ethics ana
,.,j,'r.l ecouolny Tor m organization of the
ca4actcr ci' TIN, Board. surely it becomes
III, u,rchan,> and business men OF the COUP
f., il. ~ that il may uc rendered even more
t,,t,arnl and more 4 necessity in the future
than il ka> irru III The past. 1t cannot be |
tyryc.cd thu al "ho participate IN It's coun- |
SCI, Viii l,. -. lid that rs conclusions are |
.IyvlvS the Wi.,.>i and best that lslay be reach
-. Herr. ~ in al a>>emOlaycS, concessions |
/! u,IuDu H!i-t III 'mc measure he maze 10 |
counter uIInloG: tut " here all a;m only al |
ACCOMPLISHING thr hl-he>t degree oil good at
t.inn,,!. 30 ,r:iou~ diversity OF views VIII !
,,AnL III ,h say OF harmony IN our GeIhe'
.a,!uM and 4GiUn.
fLrCTIoH or OFFICERS.
Tlr NIX, business III order being the cleo
lion Of = ;,rr.ijcnt o. the Board, Mr.. traley
,.r.d 10 ihrcn nr Mr. William Grosyenor, OF
Providence. Il. !.
Mr.. iiot'ou. -. Milwaukee,, nominated Mr..
Fred. Frairg.
Mr. Thompson. Of Baltimore, moved that
tn. LaminaIOnS close which was agreed 10.
Nr. smith. OF Milwaukee,, and Mr. w. NJ.
GIu>y.uor. Of :. Louis. were chosen teler>.
The ,,Iicr> announced that ~ votes hau
been cat, of wnicn Mr.. Frnley had received
II and Mr.. +. -. Ho!ton l. Mr.. Fraley was
Grclucd elected.
Mr.. Fraley WIS then conducted to the
char, and after 8 ic~ words OF thanks an
H.lIacrd that the next business IN order
would be tie election OF ce.presldenls. Inc
lomtnttioi- we're IL follows:
>lmuct Z. Thompson. OF Baltimore; b.f.
N,ur>r, OF Boston ;. +. CoTinSton, OF Cln.
ruu.i; jos Vi. How, Of Chicago; j. ID.
Hls>. OF Detroit: Edw. III. Allen, OF Kansas
C.iS William {. Smuh, Of Milwaukee
TAyuts II. Price. Of Mobile; George Up.
Gyhr. of NV York: FRANKLIN Edston, OF
II ,,f pttIluIplnhIl
7. 7. iI,>>ry. Of Portland: William eros
Nvnrr, If Prov ilcnce: William NJ. Hros'e-
uvc, ot :. LOUIS: }. Il. Head, of Wilnlng-
tor, l'r: John Price Wclherlli. OF fhlla'
fc.;Dt j. = ranahan. Of New York.
h".>r-. TuUmp>on, Nourse, CovihSton'
lio"r, HAYS. Allen, SmlIh, Price, opdSke'
k1,ton, Hoffman. Hayes. Grosvenor OWE
.4r, Grosyeroc (WlIllam NJ, Head, Metu-
e:lH, and >,rananan were chosen. ihtSe
Y.c~-pr,,ldcHts and the president form the
TX cU'iyr Council.
Communications were read from the AS
sorlatrd Chauoers Of Commerce OF Grea'
ErtIn, accompanying forty copies OF Tue
reports OF that Board.
Mr.. Wc,he!iI nominated Mr. Hoton, OF
milwaukee,. ~ delegate 10 The Convention al
LrtG., in >.g,e.uter next, and moved that
vote 81 JnaLh - be rendered to Tue DoarQ iof
t-c copic, OF The report.
TIE motion was adopted and Mr.. Holton
w. clcc'cd
The reports Of committees were next III
"!a,r.
the rcpor; cf the Committee on Trans
i'0"a,ion VAS presented, aud Oh motion the
reading vas ui>pen>rd with.
The report q! lie Committee on Savings
blLh> was ordered 10 be printed, and the
Consideration OF il Has dispensed with unit!
Vic .ut.Jecl CONES uD IN the regular order OF