Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-07-01
BOARD OF TRADE.
Proceedings Of Yesterdays Session of
she National Board OF Trade Sit
ting at New York.
Important Questions Discussed, and
Resolutions Passed MemOriRIiz-
ing Congress ON the Sub
ject OF Trade n after.

NEW YORK, June 30.-The National
board of trade to-day adopted resolu-
ton submitted by the board OF trade Of
| Chicago, favoTing the establishment
and continuance of fast r1sil trains and
their extension where the necessities Of
the service demand, and they can be
| adopted ct reasonable cost. A resolu-
| ton was adopted yeaiting that the reme-
| dy for abuses in existing forms Of bills
OF ladipg and railroad receipts ecVering
merchandise to be transported from one
State to another lies within the scope
and powers of Federal legislation under
the power to regulate commerce, and
that it is the duty Of congress to regu-
late said abuses by appropriate legisla.
ton. A resolution was also adopted
| suggesting that the rights and duties Of
railroads should be properly defined,
and the relations existing between the
public and those who now control the
public highways be Equltably and per-
manently adjusted. Resolutions were
also adopted commencing to the con-
sideratiOn Of the Legislatures of the sew.
eral States the desirsbility Of uDification
OF the laws of all the States relating to
trade and commerce, and declaring that
the best interests Of producers, MEL
chants and exporters OF grain require
the adoption Of uniform standards Of
quality in the principal markets Of the
country.
The next questions for discussion were
the action OF the National board of trade
favoring the repeal OF the bankrupt law,
offered by the 5 rantOD bnsrd of trade,
and the continuation OF the bankrupt
law, offered by the Philadelphia board
of trade.
Mr.. Busby, OF Philadelphis, offered
the outlines OF bill for amending the
present law.
A resolution was adopted to the effect
that all officers shOuld be salaried in
bankruptcy proceedings instead Of the
present system of fees.
Another resolution was adopted, re-
questing congTe 3 10 amend the bank
Tupt law and make it u2iiorm through
out the whole cCuntrt; and copies of
the resolution were telegTaphed to the
speaker Of the house Of representatives.
The Boston board OF trade offered the
following, which were adopted:
Resolved. That the existing confusion
aud irregu arity 10 all branches of busi-
ness and industrial pursuits call for
thorough rivision of the tariff duties on
imports, not made in the interest of any
class or classes of producers, manufac-
turers or merchants, hut for the benefit
of the whole people and the maintenance
aud augmentation of the national revs.
nue.; and that demand, already urged,
will be far more imperative and iTfesist-
ible when the resumption of specie pay
ments shall have brought our CONNER
cisl values into equilibrium with those
Of other natiOnP.
Resolved, That we recommend to
congress the appointment Of q
commission of intelligent, practica! and |
thoroughly instructed persons, for the |
purpose of accomplishing this most inn |
poTtant work.
The following resolution was offered |
by the Chicago board Of trade and |
adopted:
Resolved, ThLG the congress Of the |
United States be earnestly requested to |
cause an early and entire revision of the |
internal revenue System Of the country, |
and that all existing laws be so modi- |
Fl ed as to produce the largest possible |
revenue from the smallest number Of |
articles, and be rendered easy Of COM |
preston and so adjusted as not to invite |
system of corruption among those who
are called upon to pay the same, and to /
those officials charged with the super
vision of its collection.
A resolution by the Boston board Of
trade, asking congress to abolish COM
pulsOry pilotage and compulsory fees,
was lost.
The subject Of the establishment of 8
postal telegraph was referred to the ex-
ecutive council, to be brought Cp at the
next convention.
A resolution offered by Mr.. Grubb, Of
Philadelphia, instructing the executive
council to call q meeting Of the national
board for the middle of January, at
Washington, was carried unsDimously. |
A resolution by the Boston board Of
trade, on the best means Of re-establish-
ing our commercial marine, was re-
ferred to the executive council.
Votes of thanks were passed to the i
New York commercial bodies for their
reception and treatment Of the delegates,
to the press aud the chairman and sec-
retary, after which the convention tiDal- |
Iy adj burned, having finished its busi-
ness.