New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-11-14
LOCAL MISCELLANY.

- UNITED STATES BOARD OF TRADE
MERCHANTS AND MANUFACTURERS DISCUSSING THE
BANKRUPT AND POSTAL LAWS, AND DINlNG Al
DELMoNICos.
An adjourned meeting of the Unlted states
Board Of Trade was held Yesterday IN the IONIC ROOM
Of he Maso n8 Temple, at Sxth-aves ana I"enIy-.'lu
H. In the absence OF the president the Hon. l%she T.
Brooks Of Mobile, the chairman OF the E1ocuV, C',
e,te Ewood t. Thorne, presided,and at noon caledthe
m,etin, 10 order. From New-York City there
Werc present among others, Judge Peabody, clark
Bell David Dodd, John Pbin aud Samuel &
Thompson. Virginia was represented by 'haI'eS
Ellie of Richmond, Major john H. IucKer'
Of Norfolk and John L. Fcklen. OF Lynchburg Boston
cent Nathan Appleton Indiana polls, H. G. wilson ana
San Frnncisoo A. B. Manere. From New-Jereey there
were present Charles Inglis and ". b. Crosby OF Tue
Paterson Board of Trade, and from Tennessee H. N
Cole and Il. Davis, Of Nashville. The delegates from
Syracuse n. Y. were i. NeAuiey, jacob AMOS H. d.
Judqon and T. II. Agnew. From Hartford COnn' caino
w. II. Post
The chairman IA addressing the convention said even
the great mmercl centres OF Europe were Observing
the transactions OF the board never in the history OF
the United States had such representative po'V Iuy
combining the mining, manufacturing eommerclh anu
financial interests OF the country, assembled lhe
ranization was founded by able men who
appreciated the necessity that the conmerclal
and manufacturing interests Of the United states
should have a strong board, Though which such modii
cations in the law as might he essential 10 Nafon IN
forests cOud be pressed the attention OF congress
or the proper officials One good result OF inns uc Jug
IN his opinion, would be TO bling the Wholesale ana
retail interests OF the country INTO closer c1hecuoi
and lead concert of action between thel Inc tOos
of the Board in Washington would necessarily become
IN important centre OF influence IN the NhlOha cOu
ellis well as kind OF commercial capital NJ WnIIn
the representatives OF foreign interests coming ntIO 20
sudy the relations between trade and National nndhcc
could ne received and Hospitality entertained 10. -
Charles Williams. OF the Commercial Law Committee OF
The Board offered resolution declaring that tire resto
ration OF National Bankrupt LAWS deoinco OF prrss
ing importance to the commercial interests OF tne COu-
try, and that Congress be requested TO lake aeIon III
that direction by the early passage OF an ac fepcang
the act repeating Bankrupt Law as 1t existed prior
20 sepember 1878 ana that Iohgfess pe OF
Mr. Williams also spoke at some length on the resou-
ton saving that under the old law there 100000
cases OF bankruptcy. large percentage OF these bank
rupts professional or not strictly c0lutfcla eu'
About III 600 casce of commercial bankruptcy had oc-
Cured in eleven years among 7O0,0 600 business men
Were not those who took advantage oil he ia" due Vi
more service to the country by honorable discharge
their debisl IL was not question: ~ ms olhlon'
whether the Bankrupt Law was law OF failure or l-
perfection The operation OF the State laws had led TO
local preferences aud had ignored the foreign interests
There were two principles first, that when debtor
ana be dischargcd second that debtor dishonest
the creditors sao9a seze ms SSs en- Sg ~
Nj. Hall, OF Syracuse, said he believed tLe Olo bnk
Tupt Law with its iniquites, could never DC rereagu
didn't 1O0OOO3 a. You know, gentlemen" he added
take 30 cent, shall take advantage OF the law
and pay any How many OF these had 1t not been
the law, would nave PAID % am Vo'"4ly
opposed 10 the spirt of this resolution"
After further discussion the resolution was LOST =
After of half hour the Board reassembled
Nathan Appleton uf Boston, delegate 10 eeVeTa conn
ercal and geographical conventions at PARIS hed iast
Summer, offered three resolutions, OF winch tue last
seemed the important and provoked the most ds-
cnssOn. 1t declared that committee of seven persons.
representing various interests OF the United States be
appointed bv the TO present to the Government
the importance of entering at once INTO advantageOus
commercial relations with other Nations on terms OF
reciprocal interest either by general change OF the
tariff for all. or by special treaties; aud that
tins committee should take steps 10 insure
some action III the matter during the coming ses.
sion OF Congress Upon motion Of Mr.. Clarke, OF
this city, the resolution amended by striking out al
after the word interest,"; 10 was tben adopted On
motion Of Mr. Copeland, Of Washington, the ietay
OF the association instructed TO cOlate all statistics
that he could conveniently gather showing the pro
duets of the United States as they are.
John Phln, OF New-YOrk, moved mat bill, which lie
read approved by the convention, and that com
mttee appointed TO introduce IL into Congress- and 70
watch its passage through both Houses Inc BIZ was
long and asked for the division OF mail matter into
three classes, and slow as well as a last mail; Mr.
Price, OF NewYork, offered "a substitute resolution
declaring that the Board fully recognizing the fact OF
the value Of the postal service OF the Government rec
commended Congress liberal postal legislation While
discussion thus resolution Ia progress the Board
adjourned until tins morning at 1850.
fhe Board enjoyed q dinner ct DelDoncos last even
fn0