The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1903-01-05
NATIONAL BOARD OF
TRADE TO CONVENE
Thirty-third Annual Meeting
Here January IS.
MANY DELEGATES TO ATTEND
Important Questions Which VIII Arise
of Interest to Various
Sections.

The thirty-third annual meeting Of the
National Board of Trade VIII be held
in this city Tuesday. January IS. The
program consists of discussion of vari-
Gus subjects and a number of resolu-
lions viii be introduced pertaining to
many questions now before Congress.
Among the more important viii be the
merchant marine, the ship subsidy, inter
State commerce law amendments. bank
ing and currency amendments. railroad
pooling, Department OF Commerce, con
suIar service reform, tariff commission.
river and harbor improvements, national
bankruptcy Jaw changes and Canadian
reciprocity.
Reports received from cities Of the
United States indicate that the meeting
viii be q large one, and every city will
be represented by delegates with i'm
portant questions for discussion. Phila-
deIPhia. St. Louis. New Orleans. and
New York delegations will be on the
ground early to get their business be
fore the Board of Trade at the very
earliest moment.
currency Legislation.
The Philadelphia Beard of Trade is
particularly interested in the subject Of
national banking and currency IegisIa-
ton. and viii offer a resolution that
Congress enact such laws as viii dis
continue the coinage of silver dollars:
authorize the coinage Of silver bullion
If the Treasury and the recoinage Of
silver dollars into such denominations
OF subsidiary silver coins as the Secre-
tary of the Treasury may deem neces-
sary TO meet the public requirements;
direct the Secretary of the Treasury to
maintain the parity with gold OF the
legal tender silver dollars remaining
outstanding, and to deposit with national
banks all Government receipts over and
above a satisfactory working balance
and over and above such sums as shall
be necessary for the maintenance of the
reserve fund and Of the trust funds in
the division of issue and redemption.
such deposits to be made without in
terest and upon security Of United States
bonds deposited with the Treasury, OF. at
2 per cent interest and without bond
security, but subject 10 the restriction
that the amount so deposited at interest
and without security shall not exceed
10 per cent of the capital and surplus
CT such bank. The board also recon-
melds that the law be repealed which
limits the retirement of national bank
circulation to a total OF only So, 00O. geo
In any one month Of the year
The Board also strongly recommends,
as does The Trades League. the imme-
date consideration and passage of such
measures as will promote the growth Of
merchant marine commensurate with
the needs of our foreign commerce and
as Will give to all American citizens
equal opportunity for building ships to
compete for the carrying trade of the
world. This resolution is also favored
by the Chicago Board OF Trade
Favors Subsidy.
The New Orleans Board Of Trade.
while It Is opposed to giving subsidies
TO builders OF vessels, favors q subsidy
to the running freight carrier only when
IN competition with vessels similarly
subsidized by foreign countries.
Nearly all the organizations repre-
scented at the meeting viii present reso-
buttons favoring the creation Of De-
partment o. Commerce.
In order to relieve the stress accom-
panying financial panics, the St. Louis
Merchants Exchange viii recommend
that Congress pass q law authorizing the
issue Of SI00, 100000 or more of emer-
geDcy currency notes. such notes to be
printed and prepared for use by the
United States Treasury Department.
countersigned by the Treasurer and reg
istered by the Register.
Tariff Question.
The tariff question viii be introduced
into the meeting by the Newt York Man
ufacturers' Association, which will urge
the establishment Of a standing Nation
al Expert Commission. which viii In
vestigate all matters pertaining to tar
III. and report 10 Congress such recon-
Examinations as would be deemed wise as
a basis Of legislation TO promote the
commercial interests Of the country as
a whole
For the first time in the history Of
the National Hay Association, delegates
will participate IN the deliberations Of
this body. Fully 400 delegates will be
present from the numerous cities.