The Washington herald., 1907-01-18
CONDEMNS AGITATION
Board Of Trade FayOrS Law
ful Corporations.
CLASS HATRED IS DEPLORED
Report Is Adopted Urging Reel
prOcity with Canada on COal-Stx-
ty-six Associations, Representing
Many states, in Important COnyen-
tiOn which Has Just Closed.

Before concluding its thirty seventh
annual meeting yesterday the National
Board of Trade unanimously adopted
resolution declaring itself against any
unnecessary agitation that arouses class
hatred and feeling toward incorporated
capital in the United States.
The meeting has been the most sue
cessful and important in the history Of
the organization.
The resolution declaring the associa-
ton. which is composed Of representative
business men from all parts of the
United States, as recognizing the value
and importance Of the combined capital
in carrying on the industries of this
country. was before the delegates two
days before eventually being adopted as
the voice OF the meeting The original
report introduced simply denounced the
attitude Of the public towards corpora
tions. and was modified to some extent
before being passed upon favorably.
Text of the Resolution.
The resolution, as first submitted by
the New York Produce Exchange, was 10
the effect that the hostile attitude gen
orally assumed toward the corporate as
sociations Of the United States. which, it
was stated was to a great extent without
discrimination, has operated 10 the in
jury Of corporations that are conducted
in the interests Of commerce. Discussion
over the question continued during part
Of two sessions. and at times became
quite heated. Finally the resolution was
adopted unanimously as follows.
Whereas, The National Board Of
Trade recognizes the value and import
ance Of Incorporated capital in carrying
on industries of the country and in the
development of projects too large for in
dividual enterprise. be 1t. therefore
Resolved. That the National Board of
Trade deplores and deprecates an uunec-
essaTy agitation which Stirs up class
hatred and feeling, and hereby expresses
confidence in associations lawfully organ
lied and conducted in the interests Of the
public;
Resolved. That copy Of these reso-
! lUtions bee sent to the members Of Con-
sress and TO the influential press Of the
country"
Want Canadian Reciprocity.
national board yesterday was the adop-
ton of report favoring reciprocity with
Canada with regard to coal from the
United States. Il was the sentiment of
I the board that if Canada should reduce
the tariff on coal from this country il
would not only be beneficial to the deal
+ e-s Of the United States, but the people
+ OF the Dominion and the residents OF the
Sc
/ Il was brought Oui at the meeting that
+ the principal coal deposits Of this couu-
. t.y are located between the Allegheny
+ and the RccI.y Mountains. In Canada the
/ coal mines are mostly along the two
/ coasts and to the west and east OF the
I two ranges of mountains This leaves the
central portion Of the Dominion without
! mines. Owing 90 this fact it was shown
/ tEat coal could be- exported into tine north
en- country by the Great Lakes. pr0vid-
ing the Canadian tariff IS modified. AT a
/ great saving tc the consumers. and assist
/ iaG in the fUeI business OF the dealers
throughout the United States.
Iuportaut BUSiEcSs Transacted.
Sizty-six organizations from al parts
F OF the Union We're represented in the
meeting 0f the national board. THE con
F in It's history Frank d. La lame, of
+ Philadelphia. president Of the organiza-
tgl, said yesterday after adjournment
4 Many important resolutions have been
adopted. one Of the principal ones 5eius
the report fgvCTiug reciprocal and coal
relations with Canada Another is the de-
cisiCn against the parcels post system
which has been before the board for sew
/ erai years. The Interstate Commerce
action was also one of the features Of ths
meeting. The proposed amendment 10 the
/ bankruptcy law and an advocated in
+ crease in the merchant marine. both OF
. which were adopted. were particularly i'm
, portant matters.
The resolution relating 20 the present
. bankruptcy law makes four provisions fol
amendment. The report with regard Z,
the merchant marine urges Congress q
pass the shipping bill now pending, d.
modified by the merchant marine commit
tee.
President La lame leaves for his home
In Philadelphia to-day. He is a retired
manufacturer. The National Board OF
Trade VIII meet in Washington again mex
year While the president and secretary
make their headquarters at Philadelphia
Washington is really considered the maii
Office OF the association.
/ William r. Tucker, OF Philadelphia, sec
lretary and treasurer Of the national board
left for his home last evening.