The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-28

Washington. Jan. 27.-At the meeting
of the national board of trade this morn
ing. the time was occupied by hearing
and adopting the reports of the different
committees. The committee on banking
laws proposed by the Baltimore chamber
of commerce and report on currency and
banking proposed by the Cincinnati
chamber of commerce were read and
adopted with the following suggestions:
Provisions for the retirement of the
greenback currency.
For the reduction of the tax on cir
culating notes issued by national banks
to p of 1 per cent a year, and allowing
national banks to issue circulating notes
to the par value OF the bonds held for
their security; also a provision for the
house for banks, and that on and after
the first day of July 1898. no notes is
sued by national banks shall be for less
than s.. There was also q declaration
favoring international bimetallism on
basis of an equal ratio and provision for
the adjustment of the Sub-treaSury SyS-
tern and the selection of national banks
to receive and distribute funds.
The report of the committee on none
tary commission was adopted with the
following resolution:
Resolved. that the national board of
trade reiterates its views heretofore eX-
pressed in favor of an expert monetary
commission TO investigate the subject
and to recommend such legislation as
will establish for the United States the
best financial system possible
The national board of trade at its after
noon session today passed resolution
reattirming its previous action on the
subject of pooling railroads. and the adj
justment of Indebtedness of the Pacific
railroads ito the government Next, OF
the suggestion of the Chicago board Of
trade. the following resolution was
adopted:
Resolved that the national board of
trade hereby reaffirmS it's advocacy of
discriminating reciprocal commercial re-
lations with foreign countries. and urges
upon congress the enactment OF such
legislation as shall secure to the united
States the incalculable benefits of such
The extension of American export
trade proposed by the New York board
of trade resulted in the following reso-
luton unanimously adopted:
Resolved That the national board OF
trade calls attention 10 the gratifying IN
crease in our export trade during the past
year. especially in manufactured products,
which embody not only the use OF Ameri-
can raw materials, but the employment or
American labor. The quality and utility
of American products are recognized
wherever known The ingenuity of our
inventors has produced thousands or ar
ticles or superior economy and conVen-
fence which. if intelligently presented TO
the SO 0OO 900 of consumers VINO exist
outside of the United States, would md q
market That the same methods OF pub
licity and personal presentation pursued
in the introduction of goods IN TINS co 1uinh5
try will prove effective when apphed
abroad. Through associated EFFORT much
can be ACCOMPLISHED. and hence we COM
mend all such efforts our government
should not only closely follow other coun-
tries in the policy of developing foreign
markets but whenever possible take lead
in this commendable work
The following resolution was adopted;
Onn0Sa6 To the amend
ments of the interstate commerce law as
proposed by house bill No. $500 ana sen
ate bill No. 1851. now pending IN the
congress of the United States
Resolved. That we are opposed to any
amendments to the interstate commerce
lazy until it be so amended, as whole,
that under the light OF the recent qecls5
ions of the supreme court of the United
States the rights and interests OF the peO-
pie in general are properly saIeguarded
under it. the duties and responsibilities or
TIE carriers are carefully fixed and de-
fired in it, and the power and authority
OF the interstate commerce commission
are properly bound by it
AT the suggestion OF the GInei IA
gard TO the regulation OF interstate
freight rates was passed. petiuoning con-
gress to amend the act to regulate com
MERGE so as it will provide q remedy
that will make the law effective. AT the
instieation of the Merchants Exchange
of St Louis the following resolution was
"Pesolved. That the national board of
trade again calls the attention of the
national government to the Importance or
such legislation as will re-establish and I
secure 20 the United States the trade or
+ha southern republics and colonies
TIE Philadelphia board of trade added
the reciprocity resolution, which was
agreed to: .,.,,
70 So Ieeislate as to endeavOr TO re-eS-
tabiish the reciprocity of trade recently
en- ioyed with Germany. Spain, the South
American nations and other : ounerles-
Adjourned until tomorrow, when reports
on water ways. postal reforms and trans
portation will be in order