The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-27
TRADE AND INDUSTRY
ANNUAL MEETINGS OF TWO cnE,r
CoMMERCLaL ORGANIZATIONS.
National Board of Trade ana x,,..
ASSOCIATION OF Manufacturers
Former Favors Arbitration

WASHINGTON. Jan. 26.-The National
Board OF Trade, at its first session to-day
reelected as president the venerable Fred
erick Fraley, Of Philadelphia. who was all
sent from the meeting by reason of the ill.,
ness OF his wife. Mr.. Fraley is ninety-
three years of age. and has been president
vi the board continuously since its organic
cation Ex-Governor L. O. Stannard. of ST.
Louis, was elected temporary chairman
After a number of routine matters had been
disposed OF the following resolutions were
unanimously adopted:
Resolved, by the National Board of
ildue' mat every consideration OF our ma
toildI interests ana the highest prosnarifv
and happiness OF our people ar nome. me
extension OF our interests and cementlng of
amlcable relations abroad. ana the advance
ment OF CIVILIZATION enlightened liberty ana
Soou VIII t~hroughout the world, require thar
a treaty of arbitration between the govern
men1 OF Great Brltain and the United
RESOLVED, That We regard the pending
treaty of arbitration as unsurpassed i'm inn
p~ortance by any international negotiation
in the history Of civilization. ana n con-
summated not only will peace with its
harvest bless the land, but It's benign inhu-
ence will extend TO all nations.
Resolved. That the questions of minor
importance have little significance in COM
parison with and should not delay or jeopar-
die the adoption OF the principle which
would substitute for the arbitrament of war
800
the rational and peaceful solution by argu-
ment of all controversies that may arise be-
tween these great English-speaking nations.
Resolved. That with full faith in the sim
certify and patriotism of the United States
Senate, we respectfully lay before IL the
foregoing expressions of our earnest desire
for the approval of the pending treaty, aft
er that elaboration which it's transcendant
Importance demands, and await In conf
dence the result of its deliberations
Copies of the resolutions were ordered
sent TO all United States senators, the As
ISOLATION of the IN of OF
Great Britain and Secretary Olney-
The session to-day was devoted mainly
TO organization. the reading OF reports and
be presented for consideration of the hoard
for references 10 the proper committees.
Prior to the meeting OF the national body
the executive committee assembled TO pre-
pare its annual report. Mr.. John a. Gano
is chairman of this committee and after
the board assembled the report of the COM
mittee was presented. IL gave a lengthy
account of the progress before Congress
of legislation approved at the last meeting
OF the board and urged since 10y the various
committees for that purpose.
Mr.. w. X. Tucker secretary and treas
urer of the board. read the financial re-
port, showing that about S5.eu1 had been
expended during the year and hat $3.50 re-
manned in the treasury.
The application from the Detroit Board OF
Trade, which withdrew last year. WAS re-
ceived and properly referred. The ~resigna-
ton of the indianapolis Board OF Trade
WIS accepted. but in view OF the renewed
interests of indianapolis in national work,
as shown by the monetary conference,
Messrs. Stannard and Cam were named
to confer with the indianapolis board in
regard TO the matter. The following rcsO-
luton, presented by the Boston Chamber
of Commerce, was unanimously adopted:
Resolved. That the National Board of
Trade urges the enactment by Congress OF
n law abolishing compulsory piiotHge Tor
sailing vessels in the coastwisc trade"