Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-30
AGAINST FREE COINAGE.
The National Board OF Trade Wants an In
ternational W eights, Measures and Mon
etary Convention Held-Other Closing
Resolutions of the Organization.

The National Board OF Trade Wants an In
ternational W Weights, Measures and Mon
etary Convention Held-other Closing
Resolutions of the Organization.
WASHINGTON, d. c., Jan. 29.-The Ma
tionsl Board of Trade, at its session to-day,
adopted an address to Congress urging the
passage of the Torrey bankruptcy bill.
The Committee on Amendments to the
interstate commerce act submitted the fol-
lowing resolutions, which were adopted by
the board:
First, that corporations as well as their
agents and employees be made indictable.
Second, that the reports and findings of
the commission shall have the force and
effect of the reports of Masters in Chancery
in Federal courts, in case of subsequent
judicial proceedings
Third, to authorize and empower the
Interstate Commission to employ compe-
tent and permanent counsel to represent it
in any litigation it finds necessary in the
enforcement of the interstate commerce
act, and its decisions and orders under it.
A resolution was also adopted urging on
the President the wisdom of filling vacan-
cies on the Interstate Commission by the
appointment of men belonging to the class
of trained transporters or capable merchants
or manufacturers The board then resumed
the Washburn bill in regard to dealing in
futures.
After long debate vote was taken and
the following was recorded as the sense of
the board:
Resolved, That while this board recog-
nizes the evils resulting from excessive
trading in agricultural and other products
OF the country, aud would heartily CO.
operate in any measures calculated to re-
strict such trading within legitimate limits,
which would not at the same time seriously
interfere with the necessary facilities for
handling the immense cereal and other
crcps of the country at the least pos
sible risk, and consequently at the
smallest practicable expense on the
course Of their movement from producer to
consumer, it deprecates any legislation lay
ing a tax upon or interfering in any way
with the freedom of commercial transac-
tions in such products, whether for immedi-
ate or future delivery, believing that any in
reference with the established methods OF
business men, which are the result of ex-
peIience under the natural laws and neces-
sities of trade would be detrimental to the
public interest.
Resolved, That the board hereby reiter-
atcs its expression of sentiment enunciated
at the last annual meeting in relation to the
bill then pending in Congress on this SUBJ
ject, known as the "Butterworth bill" to the
effect that its adoption would cause ire
parable injury to the business and agricul-
tural interests of the country.
On motion of Mr.. Stranahan, of New
York, a resolution was adopted requesting
the railroad companies TO cooperate with
the Post Office Department in facilitating
the prompt delivery of the mails.
The silver question was then taken up
and then a resolution was adopted as
follows:
The National Board of Trade memorializes
the Executive and Legislative departments
of the National Government to promote and
secure at the earliest practicable date an in
conference for the adjustment of
a fixed ratio between gold and silver; and
further, that until such a ratio has been
secured by international agreements any
and all legislation aiming at the free coinage
OF silver or the repeal of the present law
should be strenuousiy opposed.
A resolution was also adopted, after
debate, asking Congress to take steps look
ing to the equalization of the monetary
standards and the unifcation of the money
systems of the great commercial nations of
the world. a resolution was also adopted
favoring liberal financial support by the
United States Government to the Colum-
bian Exposition.
The convention then adjourned The
next meeting Of the board will be held in
Washington on the last Tuesday in Janu-
ary 1898.