Evening star., 1897-01-28
Work Accomplished by the National
Board of Trade.
RAILRoADPml1& NOT RECOMMENDED
Congress 4sked to Take Action
o" Manf Important Measures.
TALK ON MONEY STANDARDS

The national board of trade concluded its
twenty-seventh annual session this after
noon, after three days spent in the con-
sideration OF national questions affecting
the commei cial and financial interests. The
gathering met at 10 o'clock. The report
of the committee on postal reforms. recon-
mending the passage Of the Loud bill as
the most practicable; means for remedying
the evils that now beset the postal system
and preventing evasions of the postal reg
ulations. was adopted. The committee was
also instructed to appear next Saturday
before the Senate committee now having
the Loud bill in charge and urge its IA
vorable consideration.
Pooling by Railroads.
The report of the committee on trans
portation, made by Mr.. F. B. Thurber Of
New York. was closely listened to. He
quoted from the interstate commerce COM
mission report to show that the railroad
business had suffered more in the past year
that ever before. He also gave statement
of a witness. who said that In thrty-fve
years experience he had never known fair
treatment of farmers by railroads. They
were always Disseminated against in favor
of large shippers. Mr.. Thurber said rail-
roads were in favor of correcting this
abuse, but the only way possible was by
state commerce law. majority of the
committee. said Mr.. Thurber, favored that
pooling be permitted. After a lively dis.
cussion, the proposed recommendation or
an amendment to the interstate commerce
law, authorizing pooling by railroads. un-
der the direction and supervision of the
Interstate commission, was defeated
The report Of the committee on water
W; Us recommended that Congress be asked
to Immediately make provision for the I'M
provement of the jettieS at the mouth or
the Mississippi. the usefulness OF which IS
now seriously threatened by a crevasse at
Pass LOutre, and that the government
be urged to continue to appropriate funds
for the development of internal waterways
and their connection with the ocean. and
to provide literally for coast defenses.
The report was adopted
A resolution was adopted urging the
adoption of the bill now pending In Con-
gress providing for the medical inspection
at ports of departure of foreign immigrants
coming to this country, and the usual res
OlutiOnS of thanks to the presiding officer,
ex-Gov. Stanard; the secretary. Mr.. w. F.
Tucker and the local press. were adopted.
The True Standard of Money.
Just previous to adjournment Mr.. c.
Stuart Patterson Of Philadelphia, who was
pre- sdent of the recent monetary conven-
ton at indianapolis, was introduced. He
described the character of that gathering.
saying that itwas a most remarkable body,
composed Of leaders of business in all Its
branches. who came together to reach a
harmonious conclusion upon the great
| financial questions affecting the country.
| He pleaded with the members of the board
resent to use their best efforts toward
securing solution, satisfactory to all, OF
such problems He declared there was nc
| true standard OF value other than that OF
civilization. All currency should be con-
vertible at par into that standard and there
should be an adequate supply so furnish
I ed that 1t would flow as required into the
commercial channels of the country. Such
a supply. he declared. could not be safely
| governed by the, national government and
should be directed by private enterprise
| There should be ii. circulation, he thought
| silver coin tokens convertible at par into
| gold and paper notes similarly convertible
| allism be established and retained, and the
| right amount of currency assured for the
| business demands of the country