The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-08-25
National Board oTTrsde.


o'clock. j. d. Hays, of Detroit, pre-
seated report in favor of establishing a
4 department Of commerce, the officer to
be member of the Cabinet.
The following resolutions submitted
by the Chicago board were taken up:
WHEREAS, Congress by Al act revis-
ing the coinage basis Ot the United
State, approved February u, 1873, failed
to provide for any silver coin OF full
legal tender quality, and,
WHEREAS Subsequent Legislation by
otter commercial nations has greatly re-
stricted the use of silver money, thereby
reducing its bullion value relatively with
gold below what has obtained for
more than century past, and II persist
ed IN must inevitably destroy or greatly
impair the stability OF its value rs me-
! dunn of exchar ge between Lationsi and,
WHEREAS, Any metal to be OF perms
nent utility as medium by which the
values OF other comOdOties are messur-
ed should possess recognized commercial
value, as we'll among nations as
among individuals, and the use as
money of two or more metals
by commercial nations on different rels-
tive valuations can only result in
complications and in loss to those placing
u higher value on one as compared with
the other, or else rs in the past expert
cnce of the UnIted States, the bsulsh-
meut from circulation OF the one under
valued; and,
WHEREAS, 1t is not deemed desirable,
it it were possible 10 discard AS money
the greater part OF the worlds stock OF
coin metal hitherto in use r. money;
therefore,
ReSoiUe3, That the National Board Of
Trade respectfully urges upon Congress
that immediate steps be taken TO secure
an international monetary convention,
representing the leading commercial
nations, for the purpose Of establishing,
II possible, permanent valuation
between gold aud silver and their unre-
strcted coinage and use as money OF eX
change by the participants IN such con-
ventlon, TO the end that stability may be
impaired to all financial calculations and
enterprises, both foreign and domestic, OF
the people OF the United States.
The resolution was adopted with only
one vote in the negative.
The resolutions submitted by the Gin
cinnsti Chamber of Commerce were then
taken up, IS follows:
Resoircd, That the National Board o!
Trade, IN view OF the near approach ot
the ii ne appointed for the resumption OF
specie payments and also in view OF the
character and effect If the coinage act Of
Februaoy II, 1873, we respectfully recon-
mend to the Congress of the
United States the consideration OF
the proprIety of re-estsbllshiug
the silver dollar OF the weight and fine
ness existing at the time OF the passage
OF said act, "a the unit OF money value.
Mr.. Gano, OF CInclu Dati, spoke III
length in support OF the resolution.
The debate was continued by Messrs.
Winsor, of PhiIadelphia; Roper, of Bos-
ton; Buchanan, Of Trenton; snow, Of
New ork, ard Montgomery, of Port
land, Oregon.
MIR. Taylor, of Cincinnati, moved all
amendment limiting the coinage to $780,
100000 Adopted; ayes 10, nays s.
The vote on the resolution resulted,
ayes 10, nays Il-not two-thirds in the
Affirmative, so the resolution WAS de-
cltred defeated.
The committees were announced n
follows: On Canadian Reciprocity
Messrs. Fraley, Philadelphia; Strsnahan,
New York; Hill Boston; McLsren, Mil
waukee; Herzev, Portland; Baysrd, Bal
timore; Dorr, Buffalo; Hayes, De-
rrolt, and E4gsn, Chicago. On
Bankruptcy Law - Messrs. Fraley,
of Philadelphia, Allen, Milwaukee, Al
len, Philadelphia, ChIttenden, New York,
Plummer, Boston, McCrea, Chicago.
Buchaaan, Trenton, Taylor, Cincinnati.
Gardner, Hubbard and d. NJ Fox of U.
,. Postal Commission, addressed the
Board in support OF the following resolu-
tions:
Res0iUed, That the interests of the
mercantile and business community u
well IA social interests require that sp-
priations for the Postotiice Department
be made like those OF the other depart
ments, commensurate with the wants OF
the service without special reference to
It's ordinary revenues.
Resolred, That the constantly Incress
ing demands Tor the more rapid snd Ger
tam transportation OF correspondence re-
qulre grating INTO the service IA one OF
It's recognized features the establishment
of two limited nail trains between the
East and West and one between the
North and South.
ResOLUed, That to obtain the greatest
efficiency in the service, the Postmaster
General should have power TO direct at
what hours and st what speed the
mail should b, transmitted, and that pro
vision may bee made TO determine any
ditiiciencics that may arise between the
government and the carrying companies.
ResoiDcd That a1 increased spprOprls-
ton should be made - enable the Post.
office Department - furnish the South
with postal service IN proportion to the
extent o: territory and population equal
to that of other portions OF Inc country
The resolutions were LAID over under
rules.
Resolutions were adopted deciding that
memorial BE- addressed 10 the President
of the United Ststes by the National
Board OF Trade recommending the sp-
pointmentas tar r. practicable, Of men 70
foreign consulsnIps who are familiar
with the manufacturing Interests o. tins
country and that system OF reports be de
vIsed which shall be tDr our m mInutac.
lures At least .eml.aunuaily, OF the wants
and needs of the different countries