National Republican., 1888-01-20
DEALING WITH TIE SURPLUS.
The National Board OF Trade Vents to
see II Reduced.

the national Board OF Trade Wants to
gee 1t Reduced.
On reassembling yesterday for the second
days session the national board OF trade
took up the "Postal Telegraph" as the next
subject to be considered according to the
programme.
Mr.. F. b. Thurber, OF New York, thought
the Postofllce Department should assume
charge Of the telegraph lines, and In sup
port Of his view he read the statement Of
Mr.. X. b. Murray, secretary OF the London
chamber Of commerce, which stated that the
English people were decidedly against any
measure that would operate to return the
telegraph franchises back to the corpora
tions.
Mr.. Erastus Wiman, Of New York, took
an opposite view Of the question, and after
lengthy debate resolution was finally car
ried favoring the organization OF the postal
telegraph system In connection with the
Postoflce Department.
The next subject, "a new board Of sta
tistics," was then taken up and fully con-
sidered, and on motion OF Mr., Pope, Of
Chicago, resolution was adopted recon-
mending the appointment Of a bureau for
the compilation and dissemination OF re.
The special committee appointed to con-
slider subjects Y to XVI reported back the
following resolution, which embodies oil
the important questions contained In the
foregoing subjects:
Resolved, That recent events have shown in
manner which cannot longer be dlsregarded,
the danger To the business interests OF the
country from our government continuing in
time OF peace the excessive taxation which was
necessary In time OF war. A large surplus IN
which Is the liie-blood of commerce. exposes
the people TO still greater taxation In the shape
OF high rates of interest, acts as a m menace 70
industry, dwarfs business enterprise, gives the
treasury power over commerce which was
never contemplated, and is a constant TEN pta-
ton to extravaganza in the administration of
our government.
Rtso,rcd, That business men of all parties
whether prOtectionlsts or free traders, should
unite in demanding early action by Cong eSs to
re6uce. our present enormous revenues IN
way which will least ombarrass existing in
dustries.
RtsOlrCd, That, while IL is desirable TO reduce
the internal taxes 1t is not desirable to abolish
the internal revenue system as whole
1t was adopted.
Commercial union with Canada" was
advocated by Messrs. Wiman aud Fraley.
Mr.. Wiman offered resolution favorlng
treaty OF reciprocity with the Dominion.
BY unanimous consent Hon. Ben Butter.
worth gave his views on this subject, aud
v.
He said that the Canadian people were
ready and willing to blend their interests
with ours. Mr.. Wiman'a resolution was
adopted as amended by Mr.. Wetherlll, and
Is as follows:
Resolred, That the executive council be di-
rected to memorialize Congress to provide for
commercial relations with the Dominion of
Canada upon broad and comprehensive priu.
| ciples of reciprocity.
A resolution offered by Mr.. Gano, Of Gin
| cinnati, was adopted urging upon Congress
the necessity of enacting just and eqult:
able bankruptcy law.
The discussion of the question of the
| abolition or reduction OF the internal reve
nue. tax occupied large part of the after.
| noon session. AT the close Of the session the
| following resolutions were adopted:
ResOlrcd That recent events have shown, IN
| a manner which cannot be longer dsregarded,
the danger to the business interests of the
| country from our government continuing in
| time Of peace the excessive taxation which
was necessary In time of war. A large surplus
In the treasury ties up the circulating medium,
the people to still greater taxation IN the shape
OF high rates of interest," acts as menace to
industry, dwarts business enterprise, Pives the
never contemplated, and Is q constant tempta-
uon to extravagance in the administration Of
Rtsolred, That business men of all parties,
whether protectionists or free traders, should
| unite in demanding early action by Congress
| to reduce our present enormous revenues In Il
way which will least embarrass existing In
| dustries.
Rtsolrtd, That while It is desirable to reduce
| the internal taxes, 1t is not desirable to abol-
| ish the internal revenue system as a whole
A resolution embodylng proposition to
| recommend the total repeal Of internal rev.
| enue taxes failed.
The board then adjourned uatil 10 a. m.
| to-day.