National Republican., 1884-01-17
BUSINESS INTERESTS.
A Gathering Of Representatives Of the Great
Commercial Bodies.
psvlslng n Uniform and EquItNbic Bank
Tuptcy Law.

A national convention, composed OF dole
gates from nearly 100 Of the boards Of trade
aud other commercial bodies of tho United
States, to consider the question Of uniform
and equitable bankrupt law held its first
session in tho breakfast room at Willards
last evening After the call to order George
H. Anderson, of Pittsburg, Pa, was selected
as temporary chairman. Tho permanent Or
ganization resulted in tho election of jay l..
Torrey, Of st. Louis, as chairman, and Robert
I. Smith, Of Now York, as secretary.
Upon motion Of Mr.. Stetson, of Massachu-
sets, the chair was directed to appoint u
committee to consist of seven delegates, to
whom shall be referred all matters relative to
the objects for which the convention WAS
assembled The chair named tho following
delegates under this motion John Stctson,
Massachusetts,; Geo II. Anderson, Pennsyl.
vania Morris $. Wise, New York; II. Il.
Metcalf Rhode Island; II. g. Clark, Nebraska;
John G. Dore, Illinois, and w. $. Dunnan, Of
Maryland.
Mr. Royal, of Virginia, then offered the
following resolution
Pfsol,ed, That IL the committee report in favor
Of a bankrupt act, IL shall report especially
whether said act should provide for voluntary AS
well as involuntary bankruptcy that u INQUIRE
specially rs 10 the methods of appointing ns-
signeos, and report especially whether Cpmpo.
sition with creditors should be emittd, aud
wnetner ~ 10 DOsS1Dle NV III luC
state courts.
Mr.. Royal, in brief Speech outlined his
vicws with regard TO the proposed bill, and,
after some general discussion to the policy
of adopting SO sweeping au instruction,
H. otion in the nature of n substitute prevailed
that all matters of this character should be
referred to the committee for their iniorma.
tion.
Mr.. Metcalf, of Rhode Island, then en-
deavored to secure the adoption Of u motion
extending tho thanks of the convention to
the New York board Of trade for presenting
TO tho convention the printed senate edition
of the Lowell bill This provoked extended
debate, and objections being made that such
action by the convention would perhaps be
construed as an Endorsement by the conven-
tion Of this bill, tho motion was finally with
drawn, and the bill simply referred to the
committee under the rule
Tho chair then announced that it was in
order to receive bills, resolutions, &C., for
reference to the committee.
Mr.. Walker, of Virginia, then presented
the bill drawn by Mr. Royal, of Virginia;
Mr.. Dore, of Illinois, the bill prepared by
Senator Ingalls, Mr.. Michacls, of Now York,
the bill prepared by Felix Campbell, Of that
stato Mr.. Evans, of Illinois, resolution
from the board of trade of Chicago; Mr..
Wilt, of Pennsylvania, q resolution of the
Maritime association of Philadelphia, and
Mr. George. of Rhode Island, series of reso.
lutons adopted by the board of trade of
Providence.
The committee were thon authorized to re-
ceive directly bills, resolutions, &C., from oil
delegates who should arrive by the
morning trains, and to fill any vacancy in
their numbers that should occur during the
session OF the convention. Upon the motion
Of Mr.. Wise, of New York, the chair then
designated Messrs. Charles A. Grinnell, of
Massachusetts; Isidore Strauss and II. S.
M!chaels. Of New York; Charles II. George
Of Rhode island Il. $. Janney, of Pennsyl-
vania; Louis krohn, of Ohio, and j q. Adams,
Of Maryland, as q finance committee to re-
ccive subscriptions and arrange for proper
stenographic reports Of the proceedings Of the
convention and the various committees.
Mr.. Stetson, of the committee on bills, then
announced that Il e first session of his COM
mittee would be held in room Z at Willard's,
at 8 o'clock this morning, and extended an in
vitation to all delegates who desired to offer
argument upon matters that had been refer
red to be present at that hour. .gt
After some further general discussion the
committee adjourned to meet at o'clock this
afternoon.