The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-30
IN THE INTEREST OF TRADE.
Proceedings of the Executive Com
mittee of the National Board.
The Banquet at the Denison-ApprOpriate
Addresses by President Fraley, Senator
Ben Harrison, and Others.

will be brought up for discussion and action at
the annual meeting of the board next January,
gave its attention at the session yesterday
morning mainly to the issue of fraudulent bills
of lading by agents of transportation com
panies, and the following bill, which, it is be
lieved, will obviate the evils complained of, was
prepared with a view to obtaining it's adoption as
alaw.
Be it enacted by the Senate and House of Repre-
s~entatives of the United States of America in Con
gress assembled:
Section 1. That any common carrier, whose bust
ness it is to convey, or accept for forwarding by rail,
sea, lake, river or canal, or partly by rail or partly by
sea, lake, river or canal, any goods, wares or mer-
chandise from one State or Territory OF the United
States into another State or Territory of the United
States, such common carrier shall be liable upon any
bill of lading issued by any agent of such common
carrier authorized to receive such goods and sign bills
of lading thereof.
Sec. 2. The term common carrier as used in this
act shall be held to embrace every corporation which
owns and operates, or operates under lease or other
wise any railroad, steamship, sailing or other mari
time, lake or river craft, canal boats, stage coaches,
and to embrace any individual eopartnershlBs or
companies which accept goods in the State or Terri
tory to be forwarded and transported into another
State or Territory.
The propositions relating to uniform laws reg
Mating the conveyance of lands and the authen-
&cation of written documents we're referred to a
sub committee of three. The proposed amend
ment of the national banking act, making the
punitive features of the law mandatory instead
of discretionary with the Comptroller, was the
subject of a prolonged discussion.
In the afternoon the members of the committee
were taken on a drive about the city. The En-
caustic Tile Works, Woodruff Place, the arsenal
and the Deaf and Dumb Institute were visited.
THE BANQUET
The banquet rendered the visitors at the Deni-
son last night was one of the most elegant and
most enjoyable affairs of the kind ever given in
the city. About sixty of the leading business
men and prominent citizens of the city were
present. The menu was complete and delecta-
BILE, the floral arrangements were elaborate, and
the spirit Of the occasion was the very happiest.
The banquet began at $3.50 o'clock, and did not
end until after l o'clock this morning. A. d.
Lynch, president of the indianapolis Board of
Trade, presided, and the principal seats of honor
were occupied at the right by Frederick Fraley,
of Philadelphia, president Of the National
Board of Trade, and at the left by Senator Har-
rison.
Following the serving of the menu Nj. Lynch
rose, and, in a few appropriate remarks, said that
the occasion being an hour of reunion in social
enjoyment, a few words, at least, from the dis
tinguished and venerable president of the Ma
tional Board of Trade, Frederick Fraley,
would be essential to the pleasure of all present
In response. Mr.. Fraley said that he was
heartily glad that the National Board had
decided that the session of the executive
council should be held in Indianapolis. The
words of cordial welcome with which they had
been received here had entered their hearts and
affections Of all the members. In speaking of
the progress of the country he said that the
marvels of the last half century had erected new
things and improved old. The name of Indian
apolis, he said, had become renowned abroad by
&c vyopHapf11 1aun1apr,anf coparoappianu and
socially. Proud you ought to be, " he said, land
/ am proud of you" He had been a living wit
ness of the advancement of the country, and he
believed that it ought to be a cardinal principle
to hold the strongest affections for our institu-
tons; and the children should be so Taught that,
when they came to assume the control of the pub
lie interests, they would be worthy their fathers.
The institutions of the country should approach
the Uniformity that gives the best pro
lection to public interests. The great
purpose of the National Board of Trade is to
obtain uniform laws upon the conveyanees of
real estate, upon bankruptcy, insolvency, and
the affairs affecting general commercial relations,
so that there may be no diversity OF operation
among the people. The great objecth has been to
form a brotherhood among the business men of
the country. 1t is their desire to
discourage reckless speculation and ex-
travigance in private living. The
were living examples of such good %intents,
and, as a whole, they combine the elements nee
essary to make the people happy and the coun-
try prosperous.
SENATOR HARRIsoN's
Senator Harrison was next called upon, and,
in responding, said that the Senate had adopted,
as far as practicable, the suggestions regarding
a national bankrupt law. He had had
no conception Of the difficulties of
legislation until he had become a member
of the Senate, No law could be passed
that would nanEA oil rNan hnnACf
He spoke of the dangers which threaten the
country by the spirit of speculation which pre-
walls and said that it is no longer a question of
how much wheat there is, but it is a question of
corners. Speculation has become the prime
evil of the country
John A. Gano, a prominent business man
of Cincinnati, and who was one
of the proprietors of the Cincinnati Commercial
prior to its consolidation with the Gazette, re-
sponded briefly to a call, and in the course of his
remarks said that if there is any class of men
who are responsible for the mismanagement of
the affairs of the country, it is the business men.
The politics which govern the nation are largely
generated in the cities, and, while cities are the
hot beds of vice, they hold the power for doing
the greatest general good.
Mr.. Davis, of Philadelphia, said, when called
upon, that the thought had occurred to him that
it would be a good thing if indianapolis could be
William S. Young, of Baltimore, spoke
of the contrast in indianapolis now
and forty years ago, when he first
visited the place as a delegate to the Wing con-
vention with the intention of helping, as far as
possible, to make Henry Clay President
Col. ]. A. CLOSER, in response to a cafl, made
. few ~felieitous remarks of a general character.
). S.. T.. Stranahan, Of New York, said
tAat New York is what the country makes
It. 1t prospers as the country prospers, and
grows as the country grows.
Hon Stanton j. Peelle, who came III rather
late, WHEN called upon to speak, was greeted
with prolonged, enthusiastic demonstrations, and
in responding expressed his gratitude for the
manner in which he had been received, and
spoke of the board of trade as a manufacturers
of public sentiment which should govern legisla-
ton.
Following him, Colonel Wetherill, of Phila-
delphia, and several others made appropriate re-
marks, and very delightful music was furnished
by the Telegraph Quartet.
Tho Eninhtn Of pr+hias nr:u