The New York herald., 1877-08-24
NATIONAL BOARD OF TRADE.
PASSAGE OF RESOLUTIONS ON LrGAL TENpSh
AND THE SIGNAL SERVICE.

PASSAGE OF RESOLUTIONS ON LfGAL TENDER
AND THE SIGNAL SERVICE
MILWAUKEE, WIS, August 20. 1871
At tho meeting of tho National Board OF Trade to-
day tho committee to which referred the several
propositions concerning resumption reported the ioi
lowing resolution:-
Resolved That in tho opinion Of the Natona boalu OF
Trade Congress ha, omitted 70 pass me snd Il
nds that Congress should enact law
and bcarns four eea; PSI s rr
able Quarterly 10 an amount not he n, mar with
coin.
Mr. Taylor, Of Cincinnati, uade speech in support
OF the resolution.
Mr. Oidcrshaw, Of Chicago moved rs substitute
the resolution submitted by the Board Of Trade OF that
CITY, in favor of legal tender notes issued by the fed.
oral government and reaccmable IN coin on demand
Ancr protractcd debate tho substitute was rejected
The resolution reported by the committee was
adopted, with three dissenting voices.
TIE BANKRUPT LAW.
Tho Committee on the Bankrupt Law reported rs
follows
Resolved That in the opinion OF this Natonsl Board Of
rso sSnS rw So. OF en e
still unjust and oppressive In the g%'
or better bo 50 altered amended sy0id possiee
'%s.s% pTe%nm uDos ira"d BY making interest q
Ing to themselves rather retaining others
no. bsonxag TO them nnn nsy s1aa s
cause places the honest the mercy OF the dis
oSisa,ons knowing that had for \. indsh..
ssnssi I'd s "ns n i 's deoy.
integrity impnirs sonddoncs and on tends xhoIs to
essuos eemmsrcia 's fabric rs and %ereor
10 r tn. u ns s
the law not uniform in Us operations rs reanrea ny
rssponns rs sae number Gno
% on. a ss so
creditors. should stand alike in all states Of the
nA that the Judicial put upon
nos
Them !" siro seass credit.
n"'sf aa si1sh "' '%"s he eOmpossn
less fraud, ana destroying III. very
adencc OF which ali ercia credit. exists. ,,
Of @sS hs hrt
ap law Say ~ s ins' sy "s
relief1sws shall at avoid that be pc.sb,e
fonnd to exist in the same Congress
regular session. and nrse upon h"' D0a5 tue"
Mr. Alien OF Milwaukee, spoke in favor Of the reso-
lutions which were adopted.
SIGNAL SERviCE
The following resolution was adopted
Whereas Tho inception and organization fhat division
Of the signal service Sf the Gnsd ss Of s'srs
amen ~na Reports a''ISs" for the Benefit commssc
,sn s ss National + Boar. S
Richmond in 1863: and whereas this Board tuy appfec
nng Of what was NJ first an experiment reaz
iur from shed it's value TO the COM
mercia and agricultural interests OF the country whereby
both lives property have been saved aud having dne
the necessity OF Its connuance In the uture
resolve That the National Board ot Trade as m ex
ponen business interests Of the country respectfully
nds and upon the Congress OF the United
states that Bureau of Telegrams and Reports Tor the
benefit of and agrlcntnre be made distinct
bnremn o the War Department. with snch
insure aud maintain tho
service present state OF efficiency nn that the service
be increased y additions the number OF its stations and
observers order that 1t nearly approach that perec-
tion local observations which Is greatly to be desired
Resolutions we're adopted 10 prevcnt members OK
pccd or suspended by local board from becoming
members Of another board. The meeting then I'D
lOurued.