The evening times., 1897-12-02

important Matters to be Consider
ed-I'roDOsition to Amend the In-
terstate Commerce Law-The FL
nancial system.
Official prograuis OF recommendations
and resolutions to be considered at the
twenty-eigbth annual meeting Of the Ma
tional Board OF Trade, which WIN be held
in this city, beginning December IA, have
been received at the Board of Trade here
The nea sures recommended and the resO-
lutions to he considered. with the assOcia-
tons proposing them. are as follows:
Interstate Commerce-Proposed by the
American warehousemen's Associat ion.
which recommends the approval by .he
men;s to the interstate commerce law. as
suggested by the convention OF freight
| bureau commissioners and Representatives
of commercial organizations, feld at Gin
cinnati, June 8, 1897, particularly legal
izing pooling by railroad compa anies. subject
to the approval OF the Interstate Commerce
Commission: also, changing the imprtson-
ment peralty to heavy fines on railruad
employees. and making the fines applicable
to shippers accepting concessions.
The same association will recommend the
approval of ard the memorializing Con-
gress to so amend the Interstate commerce
I, law az to cl0the tue commissioners with ju-
dicial power, 81 as to more effectually an-
force the law.
The Toledo Prdduce Exchanges res0lu-
tion is that the interstate commerce law be
50 amended as to endow the commission
appointed under it with clear and positive
| power to regulate and control rates Of
transportation whenever irregularities ur
unfairness in the same come under their
observation by complaint or otherwise,
| which will also be considered.
The Scranton Board of Trade will ore
sent resolutions upon the amendments to
the national banking laws, to the effect
| that Congress be requested to SO amend
| the laws rs To permit national banks to
| issue currency to the full amount of bonds
| deposited to secure circulation: that under
| conditions OF the monetary stringency,
| whether local or general, upon special per-
| mission of the comptroller Of the cur
| rency, such banks be authorized to issue
| mission OF the comptroller Of the cur
rency, sucl banks be authorized to issue
| circulation not tD exceed 25 per cent OF
their capital stock, in addition to their
issue in such manner as to avoid financial
disturbance or inconvenience, and the ad-
ditional circulation To pay tax at the rate
OF 6 per cent during the time of issue.
The Scranton board also proposes that
for the purpose Of encouraging the regular
national bank circulation, the tax on the
same be reduced To one-fourth OF per cent,
or to the least possible SUN consistent
with the necessities OF the currency bu-
! rcau.
On the bankruptcy law resolutions will
lie presented by the Cincinnati Chamber OF
| Commerce, asking the National Board of
| Trade tC resffirm it's action taken upon
the subject at the last annual meeting; by
| tie New York Board OF Trade and Trans
portation, urging Congress to pass the
Torrey bankruptcy bill; by the Philadel
phia Roard Of Trade, approving the Torrey
bill; by the Philadelphia Grocerr and I'm
porters' Exchange, recommending the
passage OF the Torrey bill: by the Scranton
| Board u Trade, same.
With reference to the monetary commits
sion, the Chicago Board OF Trade recon-
Inends that the National Board OF Trade
reaffirm its position as outlined in a reso-
luton having In view the appointment by
Congress of a monetary commission.
The Chester Business Mems Association,
! upon the subject of sound monetary sys-
TEN. suggests that an immediate addition OF
S3,5oO,o00, 900 of actual money is sneededin
this country, so that each citizen may have
his cwn, and the banks may carry a safe
reserve and leave the people with money
for curr ant use. Every new dollar, II says,
should he a sound dollar. made OF 4 COM
modify produced 10y labor: and the cost of
producing which. under free competitio
10y the people. would keep pace with other
commodities under the march Of improved
methods.
The icsolu,io ions further say that silver
bullion is a safe measure of value, and
that the mints should be opened to free
coinage of silver at the ratio Of 16 TO 1
with gold, aud that silver certificates of
full legal tender quality should be issued
for bullion as fast as it is present ed at
the rate of 412 1-2 grains to the dollar;
that such substitutes for money as may
be found necessary to meet the immediate
necessities of the people should lie issued
by the General Government only.
The New York Board of Trade nd Trans.
portatiOn will recommend such legisla-
ton as will establish the best financial
system possible, @lieving that this ma i be
accomplished OF the lines adopted by the
Indianapolis monetary convention.
The Merchants Exchange, Of st. Louis,
will have this to submit upon the nitituaI
monetary system: Recognizing the dan.
gers and losses the commercial world, as
well as oar people generally, have been
forced to encounter on account Of tie
doubtful character OF our currency: that
the pest history of the world has shown
that all kinds Of fiat money have ultimate
iy proved dangerous to the communities
issuing It; that the true basis of all money
circulation should be positive value given
for its issue, and which should aIways lie
Kept as fund for its redemption, and that
such value should represent the best
money as recognized by the great CONNER.
ciai nations Of the world, the National
Be ard Of Trade requests Congress to
speedily formulate and pass bill for the
safe bank issues on basis which shall
satisfy the demand for Il more elastic Cur-
rency, be redeemable always in gold coin,
and that as such currency is put in use the
various other forms OF paper circulation
he withdrawn and cancelled in similar
amounts
The Boston Chsmber or Corpmer.o win