Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-12-16

| brought about by the Increase in the
worlds supply OF money. and he therefore
| offered resolution favoring the free COIN
| age of silver and took his seat
The members of the board seemed to be
| highly entertained and laughed heartily
at the conclusion reached by Mr.. Berry.
There was no motion to adopt his resolu-
ton, and the discussion went on. One of
the members was tempted to make some
| reply to what had been sa.d on the money
| question, but the board did not seem to
be disposed to have the debate on pooling
sfde-tracked, and SO he dr3Hped the money
| question after asserting that money had
never been low as at this time.
Dynamic Force.
Mr.. Anderson of Pittsburg said that he
had the impression from hearing the minor
ity report that the railroads were the
enemies of the people. He had, however
the opinion that the railroads were the
dynamic force behind the prosperity OF
the country. AS to pooling, he said, the
railroads were now engaged in pooling,
but it was done in the dark. Now, it was
proposed that these rates should be made
public, so that it would be known whether
there was any discrimination practical.
Pooling under proper supervision and con-
troll was favored by Mr. Hooker of Cincin-
natl, who said that the railroads were in
favor of pooling. but not pooling pure and
simple. He offered substitute for all
pending resolutions the following:
That the national board Of trade reaf-
| firms its recommendations respecting
amendments to the law to regulate COM
merce. and urges upon Congress the press
ing public necessity for action in more
clearly defining the powers and duties of
the interstate commerce commission. by
clothing it with power to supervise all con-
tracts between carriers, and to indicate and
enforce remeGia. measures, whether by spe-
cf1c changes II rates, rules or conditions
of carriage, or by other methods which the
judgment Of the commissioner after hear
ing and investigation, may dictate
This resolution was recommended by The
Cincinnati chamber of commerce.
The secretary of the board read from the
last annual report of the Interstate COM
MERGE commission its conclusion, or that
of a majority of the commission, in regard
to the general subject, to the effect that
pooling experiment under proper restric-
lions should be MADE.
Mr.. Thurber Explains.
Mr.. Thurher of New York referred to
the opinion attributed to him in opoosi-
ton to pooling, which, he said, was ex-
pressed some years ago. He added that
he. as well as others who had studied the
| railroad problem, had changed his mind.
He then went on TO say that he believed
pooling was in favor of the many instead
of the few He said pooling would not de-
put end to the inside pulls which peo-
pie have who are now opposing pooling.
In reply to question:, he said he had
fund by experience the failure of the
system which did not include pooling. and
now he was ready TO make the experiment
with pooling.
In reply to another question, Mr.. Thur
Der said that he did not believe that Con-
gress could enact law which would fix
rates and prevent discrimination without
resortlng to pooling.
A member said the delegation from the
west was in favor of restoring 20 the in
sci, tG,ir Toe
as originally conferred on that body, and
believed that this would make pooling
Cr necessary.
The Vote Taken.
The discussion was then concluded and
yea and nay vote was taken, the name OF
each body being called and the vote re-
corded according to the number of ac-
credited delegates. The question was on
the adoption of the minority report, which
was in opposition to pooling, and 1t was
Il 81 by vote of 81 to 81.
The substitute offered by Hooker Of Gin
c.nnati for the majority report was defeat
cd by vice voca vote. The majority re-
port in favor of pooling was then adopted
by the same vote.
The resolution as adopted and which was
recommended In the majority is:
That the rational board of trade earnest
ly advoo ates legislation by Congress to
amend the interstate commerce law so rs
10 permit pooling by railroads under the
supervision and control OF the interstate
commission, to the end that unjust dis
examinations may be prevented and reason
able, uniform and stable rates be estab-
lished."
The board then took recess.
Session of Yesterday Afternoon.
AT the afternoon session of the board
yesterday the report favoring one-cent
postage was adopted.
The resolution off Inv ba u
chamber Of commerce favcring the propo-
sition to locate the permanent. home of the
national board in this city was taken up
tor consideration, and the further PROPOSE
ton was advanced that in order to widen
its scope and influence committee be APP
pointed ito formulate such suggestion and,
if need be, such amendments to the consti-
tuition and bylaws of the national board
of trade as shall, in it's judgment, tend to
place 1t IN more commanding position and
better enable it to represent, speak for and
act for the business interests of the United
States
Mr.. Anderson of Cleveland spoke briefly
in favor Of the adoption of the resolution
and was followed by Mr.. RyerSon Richie
of the same city. who made an elaborate
address. during which he reviewed the his
tory OF the board, and gave statistics in
support of his statement that the board
was not occupying the position that it
should, and that it is the central body of
the commercial interests of the country.
Upon the conclusion of his address, the
resolutions were referred to a committee
as provided.
Report on Finance.
The report of the committee on finance
was made by Mr. Charles Parsons of ST.
Louis, Incorporating resolutions which re-
cited that consistent national monetary
system should be inaugurated, and on a
gold basis, with the ultimate retirement CT
all classes of United States notes. The
resolution favored permitting the national
banks to issue currency to the par value
of their bonds and a reduction in their cir
culation. 1t was further recommended
That with view of securing such a dis
tribution of the loanable capital of the
country as will tend to equalize the rates
of interest in all parts thereof, and that
such Il system may furnish banking facili-
lies to every part of the country, we rec
ommend that such banks with a capital of
S21o 900 or more may be established in towns
and villages of not less than 1000 popula-
ton"
MI Berry of Chester. Pa, advocated the
resolution of the Business Mems Associa-
ton of that place, favoring the free coin
age OF silver, which, upon being put to
vote was lost