The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-12-12
TRADE AND TRANSPORTATION.

RESOLUTIONS ADOPTED BY NEW YORK MER-
CHANTS ASKING FOR FREE CANALS AND A
RAILWAY COMMISSION SILVER QUESTION
REFERRED TO A COMMITTEE.
The Board of Trade and transportation convened
yesterday at three NJ at the Board rooms, Nos. 81
and 50 Pearl street. In the absence of President Am
brose Snow the chair was occupied by Mr.. John T..
Henry Mr. Darwin r. James acting secretary. Mr..
William H. Wiley member of the Executive Com
mittee, reported favorably on the nominations for
membership of F. J. Larrabee Co. and d. c. Newhau
Sons, and they elected.
Mr.. A. b. Miller. chairman of the Committee on
Canal Transportation, then addressed the meeting,
claiming that our canals should be made free. He
showed the success attained by low tolls. and con-
tended that it through canals that pros
perity accomplished and that it absolutely
necessary for the canals to be free if desired to
tain the commerce of the great West
Mr.. Miller then read the following resolutions,
which were unanimously adopted
Resolved That in the opinion of this Board the duty
OF our At It's approaching session 70 pass the
amending the State for the purpose Of
tolls bssSns that the benefit at viii nare to our State
from the reception and Of business will amount
many times the expenditure required
Resolved That hs and hereby
oysrnor The Canal Board and to each member Of the
stated that with the present capacity Of canals
could carry during the season IS 100000 TONS
as much could be carried by twenty steamers per
day for year, giving them 5000 tons each.
DISCRIMINATION AGAINST NEW YORK.
Mr.. Austin denounced the unjust discrimina-
ton of railroad corporations against the
city OF New York contendng that it cost
more to send bushel of wheat to New
York than to any other city the Atlantic scaboard
He thought that the Board should look to the Legs
lature for remedy and in his opinion producers,
manufacturers and merchants should interest
in the election of the Speaker of the next Assembly
in whose hands rested the appointment OF the com
mitteee on railroads He offered resolution to that
effect which was adopted.
Mr.. Simon Sterne then took the foor and main
tanned that effort should be made the
operation of the Chamber of Commerce, Produce and
Stock Exchanges and zeal estate interests to urge
upon the next Legislature the organization of rail-
way commission. He claimed that The railway inter-
ests in some manner. always secured the appoint
ment Of committee in their favor, and the only way
to prevent this to overpower them by an over
whelming majority of public opinion. He said that
against combinations which might be put into effect
against the New York Central Railroad for entering
into combination N restraint Or the trade OF TINS
the attention OF the proper official that he would
the powerbf his Office to prevent this discrimination
against New York.
Mr.. B. p. Baker and others objected to asking the
cooperation of the Stock Exchange on the ground
that the members of that body were much inter-
ested in railroad stocks and might not work in har
mony with the rest of the committee.
On motion it was resolved that committee OF
seven, with Mr.. Sterne chairman be appointed to
carry out the resolution.
Mr.. A. b. Miller stated that the annual meet
ing of the Board would take place Wednesday,
January 8. 1872 and the following committee nom
nations apponted:--F b. Thurber, A. b. Miller
and William H. Wiley. Mr. Thurber who was alb
sent sent in the following resolution the Silver
question:
Resolved That the privilege deposit fractional silver
and trade dollars in United States subreasurie and
ceve similar to those issued for the
silver dollar would be great convenience for the mer
cane community in localities where silver accnmulates,
and we respectfully recommend to Congress that the
laW he son ed Ina Do
Resolved That other commercial bodies be invited to
expression Of opinion upon this subject their
Represen tatives in Congress
This resolution did not seem to meet with great
favor, the opinions of the members on the silver
question seeming to differ widely. 1t finally
transferred to the following committee of five for
consideration, with instructions to report back to the
Board A b. Miller, j. f. Henry, u. +. Baker, L. b.
1hurber and W. II. Wiley
A protest against not placing laxseed on the free
list Of the canals the same other seed. was pre-
sented and the secretary instructed to forward
copy of it to the Canal Board, with the recommends
ton that the matter be remedied.
The Board then adjourned.