The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-08-25
National Hoard loi Trn,Ie.

MILWAUKEE, August 24.-The Nation.
al Board Of Trade reassembled at lC
o'clock, when ]. D, Hays, u delegate from
Detroit, presented q report in favor OF es.
tabliShing department Of commerce,
their officer 10 be member Of the Cabinet,
The following resolutions submitted
by the Chicago Board were taken mp:
WHEREAS, Congress by an act revising
the coinage basis Of the United States,
approved February 18th, 1873, failed to
provide for any silver coin Of full legal.
tender quality; and, whereas subsequent
legialation by other commercial nations
has greatly restricted the use Of silver
money, thereby reducing its bullion value
relatively with gold coin below what has
attained for more than a century past,
and II persisted ia must inevitably de.
stroy or greatly impair the stability Of
It's value AZ a medium oi exchange be-
tween nations; and whereas any metal
10 be OF permanent utility az
a medium by which values Of
other commodities are measured should
possess a recognized commercial value US
we'll among nations rs among individuals,
and the use a. money of two or more met.
ais by commercial nations on different re.
lations Of valuation can only result in
complications and in loss to those placing
a higher value on one as compared with
the other, or else as in the past expe.
rience Of the United States, the Danish.
ment from circulation OF the one under.
valued; and, whereas, II Ia not deemed
desirable, II il were possible, TO discard
as money the greater part Of the worlds
stock ot coin metal hitherto in use as
money; therefore,
ReSOlped, That the National Board Of
Tjade respectfully urges upon Congress
that immediate steps be taken to secure
an international monetary convention
representing the leading commercial ma.
tions, for the purpose OF establishing, il
possible, permanent valuation, be.
tween gold and silver, and their unre.
Stricted coinage and use as money Of ex-
change by the participRtants in such con.
yention, TO the end that stability may be
impaired to all financial calculations and
enterprises, both foreign and domestic,
Of the United States.
The resolution was adopted with only
one dissenting vote.
The resolution submitted by the Gin
cinnati Chamber OF Commerce was then
taken up, as follows:
RcSolred, That the National Bourd Of |
Trade, in view Of the near approach Of
the time appointed for the resumption of
specie payment, and also in view Of the |
character and effect OF the coinage act of
February IL, 1873, we respectfully recon.
mend TO the Congress OF the United
States the consideration Of the propriety
OF re-establishIng the silver dollar Of the |
weight and tlneness existing at the time
OF tho passage Of said act as unit Of |
money value.
Mr.. Gano, Of Cincinnati, spoke at
length in support of the resolution. The
debate was continuedby Winsor, Of PhiIa.
delphia, Roper, Of Boston, Buchanan, Of |
Trenton, N. J Snow, Of New York, and |
Montgomery, Of Portland, Oregon.
Mr.. Taylor, OF Cincinnati, moved an
amendment, limiting the coinage 10 $780,
100000, which was adopted-ayes l6,
nays 6.
The vote on the resolution resulted
ayes lG, noes II, not two-thirds in the af. |
tirmative, so the resolution was declared
defeated.
Committees were announced on Cana |
dian reciprocity and on bankrupt law.
Gardner Hubbard and D. NJ. Fox, oil
the United States Postal Commission, ad- |
dressed the Board in support Of the fol. |
lowing resolutions:
ReSolreti, That the interests OF the busi.
ness and mercantile community, rs we'll |
as social interests, require that appro. |
prIations for the PosLOtlice department, !
be made like those Of the other depart
ments, to be commensurate with the wants |
OF the service without special reference
to its ordinary revenues.
ResOired, That the constantly increasing |
demands Tor more rapid and certain trans.
portation Of correspondence require the |
grating into the service as one Of its re. |
cogniZed features the establishment OF |
two limited mail trains, one between the |
East and West and one between the North
and South.
Rcsoired, That to obtain the greatest
efficiency in the service the Postmaster
General should have power to direct al |
what hours and at what speed the mail |
should be transmitted and that provision
may be made to determine any differ.
ences that may arise between the Govern
ment and carrying companies.
ResOlretl, That an increased appropria-
tiOn be made to enable the PostotIice De.
partment 10 furnish the South with a |
postal service in proportion to the ex.
tent Of territory and population, equal
to that Of other portions of the country.
The resolutions were laid over under |
the rules.
Resolutions were adopted, deciding
that memorial be addressed to the Presi. |
dent OF the United States by the National
Board Of Trade, recommending the ap.
pointment, as far as practicable, of men
to foreign consulships, who are familiar |
with the manufacturing interests OF this
country, and system Of reports be de-
vised, which shall show TO our manufac.
turers, at least semi.annually, the wants
and needs Of the different countries
which may be supplied by American pro.
ducts.
After the customary votes OF thanks,
the board adjourned sine die.
Sfrikinn yTInara fn a,ou,t