The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-12-16
POSTAL SAVINGS BANKS
The Matter Brought Before the
Board of Trade.
NATIONAL WATERWAYS
A Resolution Recommending the Irri-
cation Enterprises Be Placed Under
the Supervision of the United
States Government.

Washington, Dec. 15.-The first mat
ter which came before the National
Board of Trade at It's session to-day.
was the resolution favoring the estab-
lishment of postal savings banks, which
was introduced by the Chicago Board
of Trade.
The question of artificial Irrigation
was next discussed, the basis being a
resolution offered by the Pttsburg
chamber OF commerce. which recon-
mended that congress enact laws to
place the supervision Of all irrigation
enterprises in the hands of United
States authorities, where such work is
undertaken upon waterways affecting
interstate navigation. A general dis
cussion followed, during which it was
stated that this was one of the most
important questions now before the
country. and the entire Mississippi val
ley water supply would have to be
studied. The resolution was adopted,
and a committee appointed to have
charge of matters and report at the
next meeting.
A resolution favoring the adoption of
an American system of naval reserves
presented by the New York board of
trade, was taken up, and after discus
sion, was adopted.
The Philadelphia Grocers' and Ex-
porters' exchange presented a resolu-
tion that in all cases where in railroad
lines. telegraph lines, telephone COM
panies or great commercial trusts or
combinations affect all the states, the
congress of the United States shall con-
troll them. Mr.. Helpin of Philadelphia,
said he did not suppose there would he
any objection to the resolution, as it
was in the interest of the people. He
said he had been told that the anti
trust law was defective in many par
siculars. and this resolution was in line
with making a needed change. Mr.. Par
sons of st. Louis made a strong speech
denouncing trusts.
A resolution which elected much dis
cussion was that offered by the Chicago
board of trade favoring legislation inn
posing tax upon and regulating the
manufacture and sale of mixed -four.
Mr.. Waterfall of Philadelphia. said he
was interested in the manufacture of
paints, and IL the proposed protection
was given the -four grinders he wanted
protection for the paint business. A
motion to refer the whole question to q
committee to report at a future time
was carried.
Mr.. Pence of Cincinnati, presented
the report of the committee on interna-
tional waterways. The report urged
congress to continue such action as TO
make appropriations as viii provide for
deepening the channel Of the Missis-
sippi river; that at least six feet per-
manently be maintained from the
mouth OF the Missouri southwark. The
report was adopted.
The afternoon session was chiefly de-
voted TO currency discussion. The gist
of the resolutions adopted was an en-
dorsement of the single gold standard.
the gradual retirement of the United
States notes, the enlargement of the M
tional bank circulation. with n gradual
reduction in the tax on the same. and
finally, the establishment 81 national
banks with a capital of So G1d or over ia
towns of over 1900 population
motion to locate a permanent head
quarters for the national board of trade
in Washington met with general app
proval. but was referred to a special COM
mittee for final action. \ resolution IA
voring a permanent scientific tariff COM
mission was adopted. but later rcconsid-
cred and left over for further discussion
tomorrow. The active prosecution of the
Nicaragua canal project was heartily en-
dorsed.
The committee in charge of the cur
rency resolution and the bankruptcy bill
called on Speaker Reed tonight to pre-
sent the two measures with the endorse
ment of the board. and learn ii possible
what their chances would be before the
house
Mr.. Reed did not hold out much en-
enlargement in the line of financial leg
isiation, but intimated that there would
be more chance for the bankruptcy bin
after the holiday recess.
The committee in charge of the pooling
bill was In session at late hour but
such decided differences had developed
that there was little hope of an agree
ment on either side of the question and
majority and minority report may he
submitted TO the whole board tomorrow.