The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-01-21
The Board OF Trade

w ASdlNGTON, january ~. Il ne SIX
teenth annual meeting of the National
Board of Trade was commenced in this
city to-day, Mr.. Frederick Fraley. OF
Philadelphia, presiding. The annual n
port ofthe executive council explains the
French system for the encouragement
of the shipping interest, and says it will
prepare the way for the discussion of
the subject of American shipping.
There are certain questions, says the
report, on which the board has passe d
SO frequently and with so near an
approach 10 unanimity that it NAV
be said to have created platform 10 r
itself so far as these are concerned
Among them, we may menLion the
enactment of a national bankrupt
law; the establishment by he
United States government of postal
telegraph and telephone, the suspension
of the coinage of the STANDARD silver
dollar: the question of uniform legisia-
ton in STATES in reference to convey.
anc of land, judgments, collection of
debts. forms, contracts and manner or
means of enforcing them; organization
and management of joint stock compa-
MES. The report says it is respectfully
referred to the commercial associations
of the country for their careful con-
sheraton and for such Recommended
ton as they may decide to make.
AT the conclusion of the Teaiing of
the report, which was adopted, the
election of officers for the ensuing year
resulted in the unanimous reelection of
Mr.. Fraley, of Philadelphia, as presi-
dent. The subject of bankruptcy legis-
lation was taken out of its regular
order and placed in the hands
of the encouragement special
committee for investigation, with in
structioas to report at subsequent
meeting-Messrs. Cans, Wise, Janney,
Woods and Supplies.
Subjects relating to inter State
commerce received a similar DISPOSE
ton, and were referred TO Messrs.
Hope. Higgins. Murray, Parsons and
Bakon, with like instructions. Two
subjects, 1.-The Ocean Postal Service, J"
proposed by the Philadelphia Board of
Trade. and The American Shipping
Interests" proposed by the New York
Board of Trade and Transportation,
were taken up and discussed at length.
The following resolutions were then
adopted by vote of 80 to 10.
Resolved. That the National Board of
Trade recognizes the necessity of adopt
ing the same method pursued by our
competitors to establish quick and fire.
quent communication with foreign
markets, and place our ship owners
upon an equal footing with those OF
other countries.
Rcsoiced, That it is expedient for the
national government to assume the full
expenditure authorized By law for the
carriage of mails TO foreign countries on
American vessels, and Congress is urged
TO appropriate a further sum, not
greater than goo. per ton, gross register,
for every thousand miles of actual voy-
age, as subvention to American yes
sells over 1 900 tons, actually engaged in
foreign commerce.
The President appointed committee
to present the foregoing resolutions to
the appropriate Congressional COM
mittees, and ascertain when they can
be given hearing in their behalf.
The special committee on bank
ruptcy legislation have offered the
following resolutions and recommended
their adoption: .t..
ResOlUed, That this board again, most
emphatically and unreservedly, express
its sense of the great Importance of the
immediate enactment of a Just, econom-
ical and expeditions national bank
ruptcy law; that this board believes
that the bill drafted by Judge Towel is
one possessing these desirable quail
tiles, the substantial provisions
whereof are also contained in bills
now panding in Congress, and which
havebeen respectively introduced by Hon
George 2. Hoar, in the United States
Senate, and known therein as calendar
bill OF the Senate No. ia, and by Hon.
P. H. Collins, in the House of Repre-
sentativeS, known therein as Il. r. No.
1,119. aud which measures are hereby
heartily approved and endorsed by
this board. Be it further iisi' 5dr
,ResOlred, That Congress is hereby
most respectfully urged to grant unto
the commercial interests of the
country protection and relief
by an !, immediate enactment of
a law containing the provisions OF the
bills heretofore mentioned. d A, COM
mittee-one from each constituent body
of the board-was appointed by the
chair-'to present the resolution 10 the
House judiciary committee. I'D bRi.-so4
= Adjourned until to morrow. sdi %
Gladstone Won't Stand 1t.