Omaha daily bee., 1903-01-15
ASK NATIONAL COMPANY LAW
Beard Of Trade Urges Uniform Legislation
for Interpretations.
SUGGESTS MANY CHANGES IN CURRENCY
Irrigation Legislation ana Presidents
Proposal of Permanent Tarin Conn
mission Alike Come In for
High Praise.

WASHINGTON, Jan. To-day was a
busy one with the National Board Of Trade,
which is holding it's thirty-third annual
convention in this city. Omcers for the en-
suing year were elected. the question of
labor in the Philippines was discussed pro
and con and reports from several of the
more important committees were acted
upon.
The officers elected are: Blanchard Ran
dali, Baltimore, president, reelected; B. A.
Eckhardt. Chicago, first vice president; W
p. Kennett, st. Louis, second vice presi-
dent, and W. r. Tucker, Philadelphia, Sec
rotary aud treasurer reelected.
Seek Better Waterways.
The report Of the committee on rivers and
harbors, read by Mr.. l.. NJ. Haupt OF Pfl-
adelphia, recommended the enlargement Of
inland waterways, extension of facilities of
the Chicago drainage canal to the Missis-
sippi, the connection Of Lake Erie with the
upper Ohio at or near Beaver, construction
and enlargement OF canals and channels
from the Great Lakes to the sea at New
York, the deepening of important harbors
on the seaboard, including both oceans and
the Gulf Of Mexico.
The report of the banking and currency
committee declared that it was the part OF
wisdom, 'in this period Of national pros,
perity and plenty Of gold, to take such
measures as will put the national finances
upon a stable foundation" The report
recommended that congress enact legisla,
tlon as follows:
To discontinue the coinage of standard
silver dollars.
To authorize the coinage Of the silver
bullion in the treasury.
To prevent the recoinage of silver dollars
in subsidiary silver.
To direct the secretary of the treasury
to maintain at all times the parity with
gold of the legal tender silver dollars re-
naming outstanding.
To provide for the deposit with national
banks of all government receipts over a
satisfactory working balance and necessary
interest on security Of United States bonds
deposited with the treasury, or at interest
and without security, but subject to the re.
s%triction that the amount so deposited shall
not exceed 10 per cent of the banks capital.
To repeal LEGISLATION limiting the retire,
ment of national bank circulation to a total
of ~$3,O00.0OO in any one month.
To amend the national bank act so that
banks may issue notes as adequately Sc
the present laws and whose volume shall
automatically expand with an increased de
mand for currency and contract when the
demand has ceased.
National Company Law,
The report Of the committee on national
Incorporation law, signed by 4. F. Thurber,
Norris S. Wise, f. L. Hitchcock and David
Hatzler, contained the following resolution:
Whereas, Steam and electricity have wild
ened the areas OF commercial effort and
forced the organization Of industry into
larger units;
Resolved, That enlightened craftsmanship
should favor legislation tending i'm this di-
rection and to this end the National Board
of Trade recommends a national incorpora-
ton law. within constitutional limitation,
which VIII permit the cooperation of many
small partners as stockholders In organiza-
lions which can effectively deal with the
economic problems presented in interstate
and foreign commerce.
The motion was unanimously adopted,
Mr.. Clarkson, c~lothier, Of the Philadel-
phia Trades league called up the resolu-
B ton introduced by that body recommend
ing congress to admit to the Philippines
not more than 200, 900 male adult Chinese
Prof. Elroy Avery Of the Cleveland
. Chamber of Commerce moved that the res
olutIon be amended so as to ask legisla-
!, ton to admit sufficient Chinese for a lin.
; tied period as might be necessary for thC
: proper development Of the industrial pos.
|, sibilities there. As amended the resolu.
! tion received unanimous endorsement.
. On the question OF tariff revision the
convention unanimously declared In favoI
: OF the recent declaration by Preslden
Roosevelt that the tariff should be treated
as a business question and not from tbs
standpoint OF the temporary needs Of AM
political party" and commencing the prop
csition for the establishment Of a standing
. national tariff commission under the pro
+ posed department of
I Irrigation Law IL Good.
n The report Of the standing committee OF
~ forestry and irrigation also was adopted
n II urgently recommended a law to carr.
into effect President Roosevelt's recon
mendation on the subject Of forestry an,
irrigation; declared that the national irri
e cation act inaugurated a new era in tn
progress of the nation and in the develop
ment OF it's internal trade and mme
and the enlargement of the home marke
for all manufacturers especially com
. mended that feature OF the Law reservln
reclaimed lands for actual settlers an
urged that In the future administration o
1 the public domain that policy should b
SO extended to all public lands. To that en-
the immediate repeal OF the desert land &C
BE- and the Communication clause Of The home
% stead act was demanded.
:. Tonight at q meeting Of the council c
the association the following were electe
4 as a board Of management for the ensuin
So year:
81 F. d. Lane, Philadelphia; w. II. Chad
"a wick, Chicago; c. 8. Hsmlin, Boston; ". n
90 Day. Cleveland, and @. II. d. Johnson, Nil
% waukee, and the newly elected officers {
= the association. 1t was determined TO hol
the next convention in Washington o
January 10. 1904, and also 20 hold a con
%vention in st. Louis in November, 1904. tn
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