Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1897-12-18
BOARD OF TRADE.
The Question Of Postal Savings Banks
Causes a Spirited Debate.
American Federation OF Labor Protests
Against Paxton M Interstate Com
merce Commissioner Chicago
Drainage Canal

WASHINGTON, Dec. 10. The first mat
ter which came before the National
Board of Trade Mt its session yester-
day was q resolution favoring the
establishment OF postal savings banks,
which was introduced by the Chicago
board OF trade. The bill was advo-
Gated by Mr.. Lyon, Of Chicago, who
said that the secret of saving lies In Its
beginning. There must be an invest
ment for such savings, which would
settle the business habit and then the
person would become capable Of han
ding money.
Mr.. Hitchcock said II seemed to him
such system partook Of paternalism
that was foreign to other institutions
and, in addition to other objections
which might be enumerated, he said,
II would interfere with the business Of
the savings banks. Another objection
was that It would concentrate money
in the cities and would interfere with
the business Of building associations,
etc. After further discussion the ques-
ton was referred to committee to re-
port Mt the next meeting.
The question Of artificial irrigation
was next discussed, the basis being n
resolution offered by the Pittsburgh
chamber OF commerce, which recon-
mended that congress enact laws to
place the supervision Of all irrigation
enterprises undertaken in the hands
OF the United States authorities, where
such work is undertaken upon water
ways affecting interstate navigation.
An address in advocacy Of this resolu-
ton was made by Mr.. Andrews, Of
Pittsburgh, who said nearly one-half
the area of this country was arid. Mr..
Pence, OF Cincinnati, presented the re-
port Of the committee on international
waterways.
The afternoon session was chiefly de-
voted to currency discussion. The gist
Of the resolutions adopted was IN in
dorsement OF the single gold standard,
the gradual retirement Of the United
States notes, the enlargement Of the
national bank circulation, with q
gradual reduction in the tax on the
same and. finally, the establishment
Of national banks with q capital Of
s25, 900 or over in towns Of over 1000
population.
A motion to locate permanent head
quarters for the national board Of
trade in Washington met with gen.
eral approval, but was referred to q
special committee for final action. A
resolution favoring permanent scien-
tific tariff commission was adopted,
but later reconsidered and left over
for further discussion. The active
prosecution of the Nicaragua canal
project was heartily Endorsed.
The report urges congress to make
such appropriations as will provide for
deepening the channel OF the Missis-
sippi river so that six feet will be per-
manently maintained from the mouth
OF the Missouri southwark, also that
the work OF the improvement of the
jetties in the south pass Of the Missis-
sippi after the expiration Of the Eads
contract two years hence be continued
until depth of at least SO feet Is at
tanned. Congress was also asked TO
initiate the work of improving, by the
ietty system or otherwise, the south
west pass to the gulf. The report was
adopted.
AMERICAN FEDERATION OF LABOR
NASHVILLE, Tenn, Dec. l6.-.When
the American Federation OF Labor met
yesterday morning, Geographic invita-
tions to hold the next meeting OF the
federation in Kansas City, Mo-, were
read from officials OF that city. Sew
eral resolutions were adopted, among
the most important being one to send
fraternal delegates to Canada to con-
fer with labor trades Of Canada.
The afternoon session was marked
by many vigorous speeches. Es'
pecially was this the case in
regard to the protest offered
against the appointment OF j. IL.
Paxton, to be interstate commerce
commissioner. A strong anti-Paxton
resolution was introduced and was fol-
lowed up by p. ]. Mcclure in caustic
speech. Amid much applause he
moved that the president Of the feder-
alton be instructed to telegraph the
presidents OF the organizations the
protest against the rumored appoint
ment of Paxton. This motion was en-
Enthusiastically supported by many
speakers, and was carried unani'
mously.
THE CHICAGO DRAINAGE CANAL
CHICAGO, Dec. ID. I'm his inaugural
address yesterday, President Bolden-
week, of the Chicago drainage board,
made the statement that the big drain
age canal, which is to connect Lake
Michigan with the Illinois river at
Joliet, will be completed by the autumn
of 1890. This Is the first time that q
definite announcement has been made
as to the date Of the completion OF the
canal. So far. over SIS, 900, 900 have been
expended in the work, extending over a
period Of FIVE years
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sc. Louis Man an EmbszSier.
ST. LOUIS, Dec. 10.--0n complaint OF