The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-21

ment of shipping interests, and says 1t will pre-.
pare the way for the discussion of the subject Of
merchant shipping.
At the conclusion of the reading of the report
which was adopted. the Merchants Association
of Milwaukee WAS admitted TO the board. The
election of officers for the ensuing year resulted
in the unanimous re election of Mr. Frailey, of
Philadelphia, as president, and the following list
of viee-presidents: VIM. S. Young of Boston;
S. p. Thompson. of Baltimore; e. w. Seymour.
of Bridgeport: Oscar Fl. Sampson, of Boston;
Geo. Nj. Howe, Of Chicago; S. +.
Covington. OF Cincinnati; Phil Parsons. of De-
troit; Allen NJ. Fletcher, of Indianapolis E. p.
Bacon, of Milwaukee; I'll. H. Camp. of Milwau-
of New Haven; Jas. T. Stevenson. of
New York. Ambrose Snow, of New York;
B. T. Janney. of Philadelphia; j. n Dolph. of
Portland; John +. Miller, of San Francisco; Jas.
Buchanan. OF Trenton.
The subject of bankruptcy legislation was
taken up ont of its regular order, and placed in
the hands of the following special committee for
investigation, with instructions to report at a
subsequent meeting: Messrs. Gano, Wise. Wood
and Supple The two subjects, Ocean Postage"
and American Shipping interests, proposed by
the New York Board of Trade and Transporta-
ton, we're taken up and discussed at length
The following resolutions were then adopted by
vote of 80 to TO-
Resolved, That the National Board of Trade recog-
nzes the necessity of adopting the same methods pur
sued by competitors to establish quick and fire.
quent communication with foreign markets and place
ship-owners upon equal footing with those of
other countries
Resolved, That it is expedient for the national
government to assume the full expenditure author
ICED by law for the carriage of the mails to foreign
ports in American vessels and Congress is urged to
appropriate sum not greater than 80 cents per ton
gross register, for every thousand miles of actual
voyage, subvention to American vessels of oyer
one thousand tons, actually engaged in foreign COM
merce.
The President appointed committee to pre-
sent the foregoing resolutions to appropriate
Congressional committees, and to ascertain
when they can be given a hearing III their be-
half The special committee bankruptcy
legislation offered the following resolutions and
recommended their adoption:
Resolved, That this board again most emphatically
and unreservedy expresses its of the great i'm
portance of the immediate enactment of just, eco
nornicul and expeditions national bankruptcy law;
that the board approves the bill drafted by Judge
Lowell possessing the desirable quail
also contained in the bills now pending
in Congress- and which have been respect
lively introduced by the Hon. g. f. Hoar in the United
States Senate and known therein as calendar BILL
Senate number IA, and by the Hon, P. H Collins
IN the House of Representatives, known therein as
heartily approved and Endorsed by the board.
Resolved That Congress is hereby most respect
fully urged to grant to the commercial interests of
the country protection and relief by the enactment of
law containing the provisions of the bills hereinbe-
fore mentioned.
committee of one from each constituent
body of the board was appointed by the Chair to
present the resolutions to the House Judiciary
committee. Adjourned until tomorrow.