Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-12-14
Massive Board of Trade Building for
Washington.
PROPOSITION UNDER CONSIDERATION
Proceedings of National Organiza-
ton Now in Session.
ECTION OF OFFICERS

trade. at its convention now being held ir
| Washington" said a delegate from an east
| ern city today, lis a proposition to have
| appointed committee, whose work 1t snail
| be to amend the constitution and bylaws
| 'The national board of trade has en-.
| joyed an uninterrupted existence of thirty
| years, and during that period it has exer.
| cised potent influence upon legislation ant
| i'll the advancement of the commercial in.
| terests of the country. But to lie plain
| there Is an increased deficiency in the worH
CT the organization at the present time
| The body is nothing but deliberative.
| There Is growing feeling on the part
! OF nearly all of the younger business men
| OF the country, who affiliate with CONNER
! cial organizations, that the national board
| OF trade, as a central commercial body,
| should maintain fixed and permanent head
| quarters, where it can be prepared to meet
conditions at all times they arise, and
where active and effective work can be done
| throughout the entire year.
| Cleveland Delegation Unit.
The delegation from the Cleveland cham
| Der of commerce unit on the question
| of radical reorganization of the national
| board of trade on the lines indicated in the
| above interview. 1t is understood that
| they brought with them a lengthy plan,
covering all details of a proposed rcorgani-
| Zation. which they will ask the national
| body to adopt.
| The Cleveland plan calls for a massive
central commercial building, which shall
| be built by the local commercial organiza-
| tions throughout the country. and which
shall be the headquarters OF the CONNER
| cial interests of the entire country.
The only thing that can stand in the
| Of trade" said another delegate to Star
reporter, lis the question of the location
| OF the central building
Washington the Choice
''If the national board of trade is made a
! big representative body, as is proposed, We
| ought TO have headquarters in Washing on.
l believe, and there are many of the dele
gates present who concur with ME, that
| the best interests of all the constituent
| parts of the national board of trade will
| he best conserved and protected by per-
manently locating and establishing its home
| in WaShinStO tOn.
The question Will probably be brought up
| for consideration Thursday.
Proceedings of the Board.
The twenty-eighth annual meeting of the
national board of trade was convened to-
Gay at II o'clock in the banquet hall of
tiic souOlelldul Ilolel. LII lIic GDSShSS VI
the president, Mr. Frederick Fraley of
Philadelphia, VINO has reached the advanc-
ed age of ninety-two years, and whose
iufirmities prevent his attendance, the
meeting was called to order by William r.
Tucker cf Philadelphia, the secretary, who
stated that the executive council, at j Ses-
sion held this morning. had decided to ask
eX-Gov E. o. Stanard of St. Louis one of
the vice presidents, to preside, and amid
fhn ha
| came forward to the chair Of the presiding
officer.
| A committee on CT edentials, consisting of
Messrs. Giddings, D. B. Smith of Toledo
and Amin of St. Louis was appointed.
Executive Council Report.
The report of the executive council was
read by the secretary of the board. 1t gave
an interesting review of what had been ac-
complished in furthering the various OBJ
jects advocated by the board and referred
to the subjects proposed for consideration
at the present meeting. What was done
by the board in furtherance of arbitration
was recited. Reference was also made TO
the action of the board on monetary re-
form, the failure of Congress to act at the
last session, and, a result, the appoint
ment of the Indianapolis commission. This
body, 1t was stated, would be ready to SUP
u.
The report then went on to state that
While much was still to be desired in the
| way of the restoration of permanent pros
perlty, yet this was largely due to the con-
ditlon of the monetary system. 1t was
| noted that a spirit of unrest and dissatis-
! faction on this subject still prevailed
| among certain classes throughout the coun-
| try, and that there had been no great
change reported in the feeling about the
free coinage of silver. The report stated
that free silver was conspicuous tenetof
a national party, and the only way to meet
this sentiment was by persistent education
and the adoption of u sound financial sys-
| TEN. 1t may be expected, the report stated
| that fiat money will be an issue of the next
| campaign. The report added that it was
hoped the Torrey bankruptcy bill would be
Congress. Appropriate reference was made
| to the members who had died during the
year.
The Treasurer's Exhibit.
The report of the treasurer showed the
receipts for the year to be SIG. $50, and that
| the balance on hand was S496
The hours CT meeting were fixed as fol-
lows: From 10 am. to 1:3O pm. and from
2:30 pm. to pm.
The election of officers was then declared
to be in order, and Mr.. John A. Gano of
Cincinnati, with few graceful words,
placed in nomination Mr.. Frederick Fraiey,
and he was elected by unanimous vote. Mr..
Stanard was then made permanent chair
man for the present session, and in
acknowledging the compliment, he made an
earnest speech and said that he trusted the
members would not rest content with the
action taken by the board the various
| questions, but that they would lend their
individual efforts and influence to advance
these important objects. If that was done,
he thought the influence of the board
would be enhanced
Reference was then ordered of the var
| ious resolutions and suggestions for con-
sideration by the board to appropriate COM
mittees.
Railway Pooling.
| In regard to the committee to consider
| the resolution relating to railroad pooling
arrangements. on motion of Mr.. Thurber
| it was directed that representatives of Chi
cago. st. Louis. Peoria and Kansas City
| be given places on the committee.
Mr.. Henry r.. BIount of the board of
trade Of this city placed at the disposal of
the national board the rooms OF the local
organization. 141O G street. and his offer
| was accepted by the presiding officer with