The Washington times., 1895-01-30
National Board Of Trade Ind0rsed
His Financial Message.
CONGRESS is ASKED TO ACT
Permanent Washington Representative Rec
commended bY the Executive Council
Civil Service Extension to the Consular
Service Favored Mr.. Brainard II. War
ner Elected One of the Vice Presidents.

President Cleveland's message to Congress
concerning the present financial condition of
the country yesterday received unanimous
approval at the morning session OF the twenty,
fifth annualImeeting Of the national board on
of trade.
Mr.. William S. Mexican, of Philadelphia.
offered a resolution. which was adopted with
considerable cheering, expressing the hope
that Congress will enact that legislation that
is necessary TO strengthen the Federal Treas
ury, maintain the public faith and credit, and
tend to relieve the Industries, trade, and busi-
ness of the people from the financial disturb
ances from which they have recently suf-
fered.
By the terms OF resolution offered by Mr..
Ii. f. Dousman, of Chicago, and passed with
out dissent special committee of nine MEM
bers was appointed to consider resolutions on
financial questions, especially those III reia-
ton to the existing condition, also the urging
of the establishment OF a safe and elastic cur
rency, Congressional adoption OF the BaltI-
more plan, iss uance of not to exceed $780,
600, 600 of 81 dfty-year bonds with which TO
retire greenbacks, the creation of a currency
commission. and the advisabiiity OF establish
ing national clearinghouse for banks.
PRESENT FINANCIAL CONDITION.
! There were 100 members who responded to
Secretary Hills roll-call. who then read the
annual report of the executive council, which
referred to the importance and usefulness OF
/ the board, and laid particular stress on the
! present financial situation, which commanded
/ the especial interest Of the board.
The report of the executive council, read
by Mr.. John A. Gano. of Cincinnati. dealt
! first with the danger threatening the Patter-
son bill in the Senate and urged that the
amendments to the interstate commerce law
recommended by the national board be made
the subject of special attention at this time.
/ The committee also recommended the keep
I ing of prominent representative in Wash
/ ington TO look after matters OF legislation OF
/ special interest to the board.
] Mr. Frederick Fraley. for the twenty-sixth
/ consecutive term, was elected President, B. IL.
/ was made one OF the vice presidents. II. A.
Warner Hills, of Boston, secretary and treas
urer, and Mr.. Tucker, Of Philadelphia, assist
/ ant secretary.
At the afternoon session, on motion OF Mr..
| Thurber. of New York. the president was au-
| thoriZed TO appoint a committee OF one gentle
man from each from the Toledo Produce EN-
change, ST. Louis Merchants Exchange, Gin
cinnati Chamber OF Commerce, Baltimore
Corn and Flour Exchange, and the Phila-
! delpha Board of Trade, TO take into consid-
Grafton the problems of water transportation.
! 1t was also agreed, upone motion OF Mr..
! Thurber, that the president should appoint
! one gentleman each from the Philadelphia
Grocers and Importers Exchange, Cincinnati
/ Chamber OF Commerce, and the Chicago
Board OF Trade, to consider the question oil
railroad transportation.
CIVIL SERVICE EXTENSION.
The first topic on the regular programme,
the consular service, was then taken up. and
Mr.. Lane, of Boston. read the report OF the
1 committee having charge of that subject. The
report urged the extension of civil service
rules to the consular service, and also favored
a rigid inspection OF all consular offices.
After remarks by DIR. Fairback, OF st. Louis
Mr. Speare, of Boston; Mr. H8ckett, of Eas-
ton, Pa, and Mr.. Stone, of Chicago, the re-
port was adopted and the committee con-
tinue1.
The second topic. uniform Legislation in
the States. was freely discussed by Messrs
Field, of Philadelphia; James. OF Easton
Pa; Hitchcock. OF Scranton, Pa. and Gano,
I of Cincinnati. after which a resolution was
adopted that the Governors OF the several
States be memoralized and asked to make
recommendations 10 their respective legis-
latures 10 provide commissioners who may
be empowered to confer with commissioners
from other States with a view to securing the
object sought
Bankruptcy legislation was the last subject
considered during the afternoon. and Chair.
man Janney, OF the bankruptcy committee
submitted u resolution urging the enactment
OF the Torrey bill, which can give permanent
beneficent results 10 the material interests o
the United States.
Mr.. Thurber, OF New York. proved ar
earnest advocate of the Bailey bill. as amended
in the Senate by Mr.. Hoar, and he moved Il
defer action on bankruptcy legislation unit
the members had become thoroughly ac
quainted with the measure TO which he re
ferred His motion was lost, however anC
the resolution of the committee was adopted
with but one dissenting voice. after whicI
the board adjourned until 10 o'clock thi
morning.