New-York tribune., 1877-08-25
NATIONAL BOARD Of TRADE.
CLOSE Of THE ANNUAL MEETING.

CLOSE OF THE ANNUAL MEETING.
AN INTERNATIONAL MoNE1oRY CONVENTION URGED
THE POSTAL sERYICE-FOREIGN CoNsULS-
COMMITTEES.
MILWAUKEE, Wis, Aug. 24.-The National
Board of Trade reassembled at 10 o'clock this morning
J. d. HAYES Of Detroit presented report in favor o
establishing department OF commerce. the chei o'el
of which to be a Of the Cabinet. The following
resolutions submitted by the Chicago Board OF lraue'
were taken up:
VEereo.. Congress. by an Act revising the coming
basis of the United States approved February ~
failed to provide for any silver com oi Iui
Wbeyeas Subsequent legislation by other commercial
nations has greatly restricted the use OF slNeI
thereby reducing its bullion value, relatively with god
below what has been obtained for more than celI
past, and IL persisted III must lheNltaDS @
" impair its stability and value as amedium OIL
between nations aud , ,,,,,i.- ~ 3,
any metal TO be OF permanent utliy S are
10y which the values OF other eonnodiii,
measured. should possess recognized cOuiheIc,
well among nations AZ among % com
nations upon different relations OF valuation can onS
result in complications, aud III loss 10 inOse Paosb tb
higher valuation upon one a. compared WIN Iie ot
OF else in the past experience OF the Oneu
banishmont from circulation OF tie one uhuer'ueu
whereas It is not deemed desirable it were possible
discard the greater part OF e ~olu s'ooA
OF coin metal hitherto IN use as money, therefore
Resoired the National Board Of Trade fespect-
y urges upOn Congress that immediate steps De taAeh
to secure an international monetary colsentnon .
seuting the leading commercial natlOns lot the pP
establishing II possible permanent Naludtlou ue-
tween gold aud silver and their unrestricted cOindEe
snd money OF exchange by the participants in IN
parted 10 all financial cculallOhs ana o
foreign ana domestic, OF the people Ot the Unlleu 0'a'o
The resolution was adopted, with only one negative
vote The resolution submitted by the Cincinnati Chau-
Der Of Commerce was then taken up. as follows:
Resofred That the National Board OF Trade In view oi
the approach Of the time appointed Tor tne reIep
ton OF specie payments, and also IN view Ot the el
and effect Of the Coinage Act OF FEBRUARY IL
we respectfully recommend to the Congress Of the Uued
states the consideration of The prolre!y OI
ing the silver OF the weight ana hneness existing
AT the time of the passage OF the said act as unit oi
money value
Mr Cans Of Cincinnati spoke Mt length in support OF
the resolution The debate was continued BY Messr'.
wnser Of Philadelphia; Ropes Of Boston Buchanan OF
Trenton; Snow Of New-York ana Montgomery Of Port
land, Oregon.
Mr. Taylor OF Cincinnati moved an amendment limit
ing the coinage 10 S5O,0OO,0OO. Adopted ayes TO-
nays, u.
The vote on the resolution resulted ayes II, nays H.
not twothirds in the Affirmative SO the resolution WIS
declared defeated.
Tie committees were announced as follows;
On, canadian Reciprocity- Mes.rs. Fraey, phlladel-
phia; Strauahan, NcW-NorE; I'M, los.1h' Aicl.Icn'
Milwaukee; Hersti, Portland; Bosard, baltimore Doei'
Buffalo; Hayes, D,trOt; an. l4igcn, L C4.cd-o. , 4,
on BdtkruDt LGiO-Mess;s. fi.ley, f4ladelphlA AZ
len, Milwaukee; Allen, PA,la1c.ihia; Cltehneh NeG-
York; PlumiuCr Boston; lCrca, Chicago; buchaiidh'
Grnsr i,ibria and ID H. Fox OF the United States
L
the following resolutions: .,,,.-.
esJlrsd-It tnc interests OF the mercantile ana Dus-
ness community well social II tctes,s require Ina
Hupr8yr4tiols the P0st-uice Department bt "ade
Ike those the other departments commensurate WIN
hewdut " Ibe service without special reference 10 5
ordinary revenues. g.,
RcsJlrcq That tic constantly increasing demands Tor
more rapid ana certain trans Orttl.u o cores Onltute
require the faltug uO tt service, o ono Oh la etoe-
uized f,atUIcs, TIC establishment o. TO ihl,t @
trains between the East nd est, abd ono between TIC
North and south .
Ts,oIrc TAat TO obtain the greatest efficiency IN tue
service tie POsmgstor General should nave power 40
direct at what hours and 80 what speed inai matter
should he transmitted, ana that provision may be mace
To determine any dfouces tnat may arse between ITO
Government auG Inc carrying companies
Htsy.rcd, That increased appropriation ls recn-
mruaed w. enable tue P.,tCce Department 10 furnish
the south wta postal service in proportion % H. cA-
tent o. territory ana population equal 10 that OF tue
other sections OF the country.
Tie resolutions were laid the table under the rules.
Resolutions were adopted directing that memorial
be addressed the President OF the United States rec
meudug the appointment, iar rs possible of men 10
foreign CousalsIips WHO familiar with tie manuiac
turing Interests OF this country aud that system Of re-
ports be devised which shall liy before Hanufac-
turcIs at least semaunuay, the wants audnoeds OF d-
fcreut countries which may be eugpned by American
products. After the customary votes OF tA-uks tie Board
adjourned siHe DE.