The evening times., 1898-12-12

Trade most earnestly urges upon Cong. ess
the early adoption of such amendments as
viii secure to the public fair and uniform
ly maintained rates and regulations, appli-
ed to transportation of persons and prop
erty, between the States, by common car
riers of all classes"
On the subject of pooling by railroads
the Boston Chamber of Commerce will
introduce the following:
Resolved, That Congress be respectful
ly urged to so amend the Interstate Com
merce law as to permit railroads engaged
in interstate traffic to enter into pooling
arrangements, SO called, under the super
vision and control of the Interstate Com
merce Commission
On the same subject the Boston Mer-
chants Association will submit the fol-
lowing resolution:
The Boston Merchants Association re-
affirms all its previous statements as to
the necessity OF the amending of the in
terstate commerce law, so as to permit
traffic arrangements between the rail-
roads of the country under the suprevi-
sion of the Interstate Commerce Commits
sion, substantially as provided in section
of Senate bill No. 1873. introduced March
80 1897
The representatives of the Scranton
Board of Trade will introduce the follow
ing resolutions concerning banking and
currency:
Whereas the Government not being
party in trade, cannot rightfully assume
or exercise the functions of bank, and
that the true basis of all money circula-
ton should be positive value given for its
issue, and which value should always be
kept as fund for it's redemption; there
fore, the National Board of Trade de-
clares that IL has become absolutely nee
essary that 4 consistent and deliberately
planned national monetary system shall
be inaugu-ated, the fundamental basis of
which should be:
''First-That the standard money of
the commercial world Is gold coin and
that Our country cannot and should not
separate itself from other nations. 1t.
therefore, is and must remain upon a
gold basis, and all its obligations should
be paid in gold.
-'Second-That steps should be taken to
insure the ultimate retirement of all
class Of United States notes by a grad
ual and steady process, so as TO avoid in
furious contra action of the currency or
disturbance of the business, industrial or
agricultural. interests of the country.
'As a means TO that end. we G-.clare in
favor Of permitting the national banks
to issue currency to the par value of
their bonds, and We favor a reduction of
the tax on their circulation.
''Third-With view of securing such
j distribution of the loanable capital of
the country as will tend to equaliZe the
rates of interest in all parts thereof, and
that such a system may furnish banking
facilities to every part of the country,
We recommend that such banks. with a
capital OF SIS, coo or more, may be estab-
lished in towns and villages of less than
1900 population.
Resolved. The National Board of
Trade pledges its support to plans from
any authoritative source which ernbOdy
I b 20 ---f--.-i-,'ea' -
The Merchants Exchange OF ST. Louis
will propose the following reso ut.on con-
cerning the national monetary system:
Whereas at its last meeting the Ma
tional Board of Trade passed aim ST
unanimously a series of reso,ut Ons "a
Yoring changes in our national moaeta- y
system and the Inauguration of a new
one more distinctly favoring a definite
acknowledgment of gold as the true b !
sis of all Indebtedness and of giving au-
thority 10 the national banks to issue
currency to the par value of the Unte
States bonds deposited as security by
them and authorizing a further issue q
circulating notes by national bank base
on their capital as security, and also re-
ducing the amount necessary for their
organization IN certain cases; now il is
Resolved. That the plan out incl IT
the report of the Indianapolis Monetary
Commission of December 1897. seems tC
meet the points desired by this board
and We urge Congress to take up this
subject at its coming session with favor
able reference to the report of said In.
dianapolis Monetary Commission"
Resolutions fayoring the bui ding of he
! Nicaragua Canal win he presented by tn
/ Cincinnati Chamber of Commerce tbs
Chicago Board of Trade. the Phi,adelphia
Grocers' and Importers Exchange. tbs
Trades League of Philadelphia. the ScTan
ton cBard of Trade, the Merchants Ex
change of ST. Louis and the Toledo Pro
duce Exchange.
A sample set of resolutions is that wh;c,
will he presented by the Chicago BoarC
Of Trade. These reso utiCns 10 low:
Whereas the war with Spain has dem
onstrated the necessity of a canal connect
ing the Atlantic and Pacific Oceans as =
measure for common defense: and
Whereas the ever-increasing commerc.
Of this nation demands a shorter and
cheaper route to China, Japan. Australia
and the Philippine Islands; and
Whereas the Feasibility and practica
bility Of the construction at a reasonable
cost of a canal through the Tsthmus q
Nicaragua is established: therefore,
Resolved That the National Board o.
Trade respectfully urges upon Congress:
the immediate consideration of measure
for the construction, ownership and con
troll ny the United States Government o
the Nicaragua Canal