The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-11-22
BOARD OF TRADE
The NstionaFSession Favors suspsn
sion Of Silver Coinage.
PsrpstuatiOu of National Banks and
Substituting Steamships.
The Clerk Of the National House Ex-
presses HIS Views.
Dakota Ready to Knock at the Door
After Next March.

Dakota Ready to Knock at the Door
After Next March.
CHICAGO, Nov, 16.-When the Ma
tiOnal Board Of Trade resumed its ses-
sion this morning, President Fraley
announced that the executive council
had chosen Louisville, Kentucky, for
the next annual meeting place. the
meeting to be held no later than OctO-
Der next.
The secretary announced that the
following named persons had been
chosen vice presidents of the board:
Jonathan A. Lane, of the Boston
me rchants association; George N.
Nattinger, of the Omaha Board of
Trade. and II. Dudley Coleman, of the
New Orleans chamber of commerce.
Mr.. Yanos Of the Cincinnati cham
Der of commerce offered q resolution to
be placed at the foot of the calendar
for consideration providing for the APP
pointment Of committee or i've to look
into and report the effect OF trusts ON
the body polite at the next annual
meeting
The resolution was so placed.
Mr.. Smith, of the New York board
of trade and transportation, presented
the following resolution which was
adopted without discussion:
Resolved, That business men should
unite in demanding early action by
congress to reduce our present enor-
NOUS revenues in way which Will
least embarass existing industries.
On behalf of the Milwaukee board OF
trade a resolution was presented for
the appointment of a. committee OF i've
to carry into effect the proposition
heretofore adopted by the board favor
ing the use of the central system, Tor
and the use of weights
in transactions in liquids, this COM
mittee to endeavor to secure the CO.
operation of individual organizations
throughout the country. The reSolu-
ton was adopted.
On behalf of the New Haven cham
Der of commerce, MIR. Barnes present
ed a resolution to the effect that con-
gTess be memorialiZed to provide Tor
adequate defense for our coasts, par
ticularly the entrance to Long Island
Sound.
Mr.. Washburne, of the Chicago
Board of Trade presented the following
as substitutes:
Resolved, That the National Board
of Trade memorabilia congress TO pro-
vide Immediately such defenseS as will
be necessary in the event OF war to
thoroughly protect our sea, gulf and
lake coasts and harbors. 1t was
adopted.
Tie following resolution proposed by
Mr.. Tucker, of Philadelphia; and Mr.
Tucker and Mr.. Smith, of New York,
addressed the board in favor OF it.
The measure proposed by the Cincin-
natl chamber of commerce looking to
ward the memorialiZing of congress TO
remove all duty from timber in the
rough was laid over until the next con-
Ventiou.
Another resolution emanating from
| the chamber of commerce of New Ha-
ven, urging congress to effect the total
repeal of the internal revenue tax was
| also laid over.
The following resolution was pro
posed by Mr.. Janney, OF the Phlladei-
phia board of trade:
Whereas, The commercial steam
marine of the United States to foreign
ports can only be made to
succeed by the same means that
nations successful; therefore be it,
Resolved, That subsidies similar to
those allowed by other nations should
be granted to American steamships
for carrying the United States mail.
Resolved, That these subsidies and
every other proper means should be
adopted by congressional Legislation
for the purpose of aiding our merchants
to compete on equal terms Tor the
South American trade.
| Whereas. With the extension OF
steam and electric communication, the
field for American products and man
| ufactureS is the world;
Resolved, That our gov eminent
should follow the example of leading
commercial nations in encouraging the
establishment of regular and frequent
communication by means of American
steam ship lines. and to this end
on the ocean which has proven so sue.
cessful in increasing the efficiency OF
our postal service on land, viz:
Paving fair price for a far service
irrespective of the amount OF postage
collected on any particular route. and
be it further.
Resolved. That every legitimate
means to foster our merchant marine
should be used, excluding the enact
ment Of the law now pending in con
gress popularity known as the tonnage
bill applying alike to sail and steam
vessels engaged in foreign commerce
The resolution was carried, that
part of it urging the enactment OF the
tonnage bill having been previously
struck out.
The next question to be considered
was that of bi-metalism. 1t came uE
under the following resolution pro
posed by the Philadelphia board OF
trade:
Whereas. The present coinage OF
silver dollars in connection with Other
forms of currency Is sufficient Tor all
the requirements of the domestic trade
and commerce Of the United States
and,
Whereas, The profits which result
from this coinage and which are count
ed as part of the annual income Of the
government are not a Legitimate
source of revenue under the constitu-
ton of the United States, and.
Whereas, The condition OF foreign
exchanges may require the export OF
precious metals, the dollars cannot, on
account of their over valuation be sent
abroad without ruinouS loss to al
classes of the population. Therefore,
be it
Resolved, That congress should be
memorialiZed to provide by law for the
suspension of the purchase Of silver
bullion and Of the coinage OF silver
dollars.
An effort was made by Mr.. Lionber.
ger, of st. Louis, and others to have
the matter put over till the next meet
ing, but it failed and the resolution
was carried by a vote of yeas, 81; nays
Is.
The following resolution offered by
the Philadelphia Board of Trade wa
offered and carried without comment
Whereas, The national banking sys
tenn provides stable aud uniform cur
rancV and nv diminishing the cost d
internal exchange greatly benefits al
classes of the community. Therefore
be it,
Resolved, That we solicit congreS.
TO make such an adjustment of the re
naming national bonds as will provide
an adequate security and permit al
extension of the life of the nationa
banks.
On motion of the Cincinnati chambel