The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-16
NATIONAL BOARD OF TRADE.
Discussion of Artificial waterways
aud Irritation.

and Irrigation.
WASHINGTON, Dec. 1.-THE nrst mat
ter which came before the National Board
Of Trade at It's session today was reso-
luton favoring the establishment OF postal
savings banks, which was introduced oy
the Chicago Board OF Trade.
The question OF artificial irrigation was
next discussed, the basis being resolu-
ton offered by the Pittsburg Chamber OK
Commerce, which recommended that coa-
gress enact laws 10 place the supervision
of all Irrigation enterprises In the hands
of the United States authorities, where
such work is undertaken upon waterways
affecting interstate navigation.
A general discussion followed. during
which i, was stated that this was one OF
the important questions now before the
country. and the entire Mississippi valley
water supply would have to be studied.
The resolution was adopted. and COM
mittee appointed to have charge OF mat
tiers and report at the next meeting.
A resolution favoring the adoption of an
American system Of naval reserves, pre-
scented by the New York Board of Trade.
was taken Up and after a discussion, was
adopted.
The Philadelphia Grocers' and Exporters
Exchange presented a resolution that m
ali cases wherein railroad lines, telegraph
lines. telephone companies or great COM
mercial trusts or combinations affect all
the states, the congress Of the United
States shall control them.
Mr. Helpin, of Philadelphia, said he lid
not suppose there would be any objection
to the resolution. as 1t was in the inter-
est OF the people. He said he had been
told that the antitrust law was defective
In many particulars and this resolution
was In line with making the needed
change.
Mr. Parsons, OF ST. Louis. made q
strong speech denouncing trusts.
a resolution which ELECTED much discus
sion was that offered by the Chicago
Board of Trade favoring legislation, i'm
posing a tax upon and regulating the
manufacture and sale OF mixed -four.
Mr.. Waterfall. OF Philadelphia said he
. was interested In the manufacture OF
paints. and II the proposed protection was
given the -four grinders he wanted pro-
lection for the paint business.
A motion TO refer the whole question TO
committee to report at future time
was carried.
Mr.. Pence. Of Cincinnati. presented the
report of the committee on international
waterways.
The report urged congress TO continue
such action as to make appropriations as
will provide for deepening the channel OF
the Mississippi river. 50 that at Least six
feet be maintained permanently from the
mouth OF the Missouri southwark. The
report was adopted.
The afternoon session was chiefly devot-
ed to currency discussion. The gist Of the
resolutions adopted was an Endorsement OF
the single gold standard. the gradual re-
tirement OF the United States notes the
enlargement OF the national bank circu-
lation, with a gradual reduction In the
tax on the same, and finally the establish
ment OF national banks with capital Of
$1,000 or over I'm towns of over 1000 popula-
ton.
motion to locate a permanent head
quarters for the National board OF Trade
in Washington met with general approval
but was referred to special committee
for final action.
A resolution favoring permanent scien-
tifc tariff commission was adopted. but
later reconsidered and left over for fur
Their discussion tomorrow.
The active prosecution OF the Nicaragua
canal project was heartily Endorsed.