Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-01-29
soUNDNEss AND STABILITY
80 10
The National Bosrd Of Trade Demands a
Good Monetary System.
A Bankruptcy Law is Also Recon-
-3E
mended and the Re-Establishment
of Reciprocity Treaties Urged.

mended and the Re-EstaDl1shment
of Reciprocity Treaties Urged.
lib
Finances were the subject Of the opening
discussion at thes national board of trade
this morning The subject was brought mp
ty the report ofgthe committee, to Which
had been referred several resolution scar
ling upon the money and currency ques-
tons. The report stated that the unsettled
end unfortunate conditions which existed
year ago were practically unchanged anu
declared that the establishment of sound,
stable and efficient monetary system Is es-
sential to the restoration OF confidence ana
the prosperity of industrial interests. Such
restoration was declared to be an imTe-
date and urgent duty Of Congress
The essential provisions ia such sys-
tem," said the report, should include the
relief Of the government by the retirement
and cancellation of the legal tender notes,
Under safe and proper conditions as TO
time and method; also provision for the
revision and extension of the national BANK
ing system under conditions Which Will
maintain our monetary standard and SEE
cure to the country a safe and ample cur
rency to take the place Of the notes SO re-
tired" T.
By a vote of 43 to 9 the report Of the
committee was adopted.
The recommendations Of the committee
on bankruptcy were also adopted The
committee declared that the merchants OF
the United States had almost unanimously
petitioned Congress to enact law pro-
vid1ng for both voluntary and involuntary
bankruptcy. 1t was not believed that an
involuntary bankruptcy law would meet
the requirements, and the board resolved
to reafflrm its support of the Torrey bank
rEptcy bill.
The committee to which was referred sew
eral proposed changes in the postal laws
was given until the evening session to
complete it's deliberations.
The committee to which was referred
several resolutions bearing upon the recip-
rocal trade relations of the United States
and the Spanish-American states and col
onies, reported that the abrogation of the
treaties existing previous to 1874 had been
followed by very material decrease in such
business A resolution was therefore Of
fered providing that the national board of
trade urgently demand of Congress the
adoption of such laws as will -e-establish
and secure the former reciprocal trade re-
lationS between Mexico and the Central
and South American countries and Spanish
American colonies and this country. The
resolution was unanimously adopted, and
recess was taken at 1:3O for luncheon
Consular Service Reforms.
The session of the National Board of
Trade yesterday afternoon was devoted to
the arrangement Of much routine business,
including the appointment of committees
and an Intelligent discussion of the neces-
sity of reforms in the consular service of
the United States. The committees named
were as follows: i-9i
Bankruptcy-Alden Speare, Boston Cham
Der of Commence; J. Milton Blair, Cincin-
natl Board of Trade; G. Waldo Smith, New
York Bolrd ofttTrade and Transportation;
b. s. Janney, n jf., Philadelphia Board of
Trade; NJ. N. Cline, Trade League of Phila-
delphia; c. HI Sampson. Merchants Ex-
change of st. louis. and d. P. Erwin of In
dianapolis.
Currency-L.W Bodman, Chicago Board
Of Trade; Gen., Michael Ryan, Cincinnati
Chamber of C5nmerce; Silas NJ. Giddings,
New York Board of Trade; Joel Cook.
Philadelphia Board of Trade: Clinton Row
ell, Merchants! Exchange Of ST. Louis, and
Dennison B. Smith, Toledo Produce Elk
change
Waterways F. Stone, Chicago
Board Of Trade; Frank Hapin, Phlladel-
phia Grocers and Importers Exchange; H.
R. Whitmore Merchants Exchange of st.
Louis; l.. W. Schermerhorn, Philadelphia
Board of Trade; Il NJ. Hcut. Trade League
OF Pniladelpl iF' q F. Ellison. Cincinnati
Cleveland Chamber Of Commerce; George A.
Kelly, Pittsburg Chamber of Commerce,
and %. c. Hill of Trenton.
Railroad Observation-Disclosures Ran
dali, Baltimore Germ and Flour Exchange:
Alden Speare, Boston Chamber of Com
merce; Richard S. Lyon, Chicago Board of
Trade: E. P. Wilson, Cincinnati Chamber
of Commerce; F. B. Thurber, New York
Board of Trade; David McMenamin, Phila-
delpbia Grocers' Association, and r. c.
Grier. Peoria Board of Trade.
Reciprocal Trade-Hon. Bethany Storer
Cincinnati Chamber of Commerce; John H.
Grant. Philadelphia Board of Trade; A. G.
Elliott, Trade League Of Philadelphia; f.
Q. Stanard, Merchants Exchange of st.
Louis, and b. A. Eckhart of Chicago.
Uniform legislation, John A. Cana, Gin
cinnati chamber of commerce.; D. w. Tay-
lor Wilmington board of trade, and S. w.
Haskell; George T. Mcintosh and J. r.
Lesson were added to the committee on
report of the chairman of this committee,
Mr.. Jonathan A. Lane of Boston, was
listened to with much attention. He de-
scribed the attempts made by the commit
tee to secure an Improvement in the meth
DDS of making appointments in the consul
lar service and said some progress had been
made, but impressed his hearers with the
necessity of continuing the agitation under
this and future administrations without
cessation.
Mr. J. r. Lesson made lengthy and
sch olarly address on the same subject and
favored the appointment of a congressional
committee to Investigate the consular sery-
ice.
1t was decided to publish both Mr. Lanes
rep ort and Mr.. Lessons address and for
ward copies to the President the Secreta-
ries Of the Treasury and State and both
houses of Congress.
William Henderson Missing.
The police have been requested to look out
for William Henderson Siytooy, 1,aor. ola