The Washington times., 1895-02-01

The members of the National Board Of
Trade have decided not TO commit themselves
concerning the income tax This action was
taken late yesterday afternoon, Just before
final adjournment, when Mr. Waldo smith,
on behalf of the New York delegation. was
granted permission to withdraw the resolu-
tion eondemnlng that tax. which was laid on
the table Wednesday afternoon, aud further
consideration Of the question was indefinitely
postponed.
This action was due to an erroneous state
men. made yesterday, not by The TIsIEs, that
1.-The delegates OF the National Board Of Trade
declared in favor Of the income tax" AS
mater Of fact the board of trade simply laid
the New York resolution on the table by
vote OF 80 TO Is. and TIE TINES so correctly
stated. This did no { indicate that the board
favored the tax, but only expressed the Opin-
ion Of the members that they should not dis
cuss or take action upon either side Of the
question.
Immediately after assembling yesterday
morning DIR. J. L. Forward, of Chester. Pa
was elected vice president, and Hamilton
\. Hill, of Boston, was again chosen secre-
tary-treasurer. Washington was selected as
the meeting place for 1896, the sessions 10
B
RESTORATION OF CONFIDENCE
On behalf Of the committee on finance
President Fraley submitted report, which
was adopted, concerning the establishment
of a sound, stable and efficient monetary sys-f
I tenn and stating that the essential provisions
In sueh a system should include the relief OF
t the government by the retirement and can
collation. Of the legal tender notes. under
"a ia rE 70. ir7a am
( method. and also provision for revision and
! extension of the national banking system
I under conditions which will maintain our
monetary standard and secure 10 tie country.
a safe ami ample currency 10 take the place
/ OF the notes so retired.
The report concluded with a resolution
stating that in the event Of failure to agree
upon such legislation by the present Congress
I they earnestly recommend that provision ba
made by Congress for the creation Of none
tary commission, nOn-partisan in charactere
The committee on postal service submitted
lengthy report III which they made recon-
mendatIOnS for notifications. which would
secure first. 1-cent letter postage: second,
/ the consolidation Of second, third, and fourth
class matter into one class, with the Uniform
rate of cent for two ounces, or cents a
pound; third, 10 charge 10 every department.
+ Of the government, or any ore now entitled,
10 the ranking privilege. the cCst OF Such
+ a true and correct report Of its operating ex-i
penses. II was adopted.
ON motion Of Mr. HackeSt. Of Easton, Pa, :.
il was agreed that a committee of five De aD-S
pointed on reform Of the banking system
PROMISED To DO BETTER NEXT TINE.
In brief speech Mr.. B. H. Warner, OF the
Washington Board Of Trade. said he regret
ted that the customs Of the national board
would not permit the local board TO extend
them entertainment. but promised that next
year the Washington board would propose a
banquet, and hoped the invitation would be
accepted. Mr. " Warner offered a resolution.
which was adopted, indOrsiEg the national
and international exposition by citizens OF
Maryland from May Is TO November IS, 1891
WILLING To INACCURATE IT.
The last session began at 2:SO o 'cioek.when
Mr. Raymond. OF Det roir. reported for the
agriculture committee that in conversation
with the Secretary of Agriculture, concerning
crop reports. Mr.. Morton expressed a will
ingness TO iEaUsurate more efficient system
of gathering these reports, and With view 70
future conference. Mr. Raymond asked
that the committee be continued. and his re-
quest was granted.
Then the board listened 70 a brief address
from Mr.. Cutter,o of Philadelphia, represent
ing the National Letter Carriers Association,
. N ldNOE OF NLc 3t5-t--1c VI CrINLDE Ltu-G ;
bill regulating the removal of postal employees
and a resolution offered by Mr.. Field, of
Philadelphia. indorsing the bill, was adopted.
Mr.. Kline then offered this resolution: = Re-
solved. That the action OF this board in re-
fUsing to consider the question Of the income
tax is in no way 10 be considered as an In
dorsement Of the existing law relating to thai
tax"
Mr.. Smith. of Massachusetts. was hearty il
favor of the passage OF the resolution Pend
ing its adoption. however, Mr. Stannard. o
ST. Louis, moved to reconsider the vote by
which the New York resolution was laid OF
the table.
WITHDREW THE RESOLUTION.
That motion prevailed, and then Mr.. Wald,
Smith, of New York, asked for permission t,
withdraw the denuneiatory resolution. Ate
some remarks by ATessrs. Harper and Gano
of Cincinnati, Mr.. Smiths request wa
granted.
The resolution fayorinS the development
of the merchant marine, was adopted ate
an address by Mr.. DeLinc, Of New York.
The thanks Of the board were rendered e
the proprietor of the Shoreham. THE TINES
and other local papers. President Fraley
Secretary Hill. and Assistant Secretary Iur
ner and an invitation from the Presi
dent to attend the Congressional reception
last night was accepted with thanks. Afte
addresses by President Fraley and SeereTar
Hill, the tTenty-hfth annual session adjourne
sine die.