The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-01-14
And Matters to Be Considered
BY Congress Will Come Up
For Discussion and for Fin
al Action.
TAFT SHIP SUBSIDY
WILL GET A HEARING
And Improving the Diplomatic
And Consular Corps Will
Probably Be Advocated
Other Questions.
(Amcrican News Service)

W SAh'
tions and resolutions on important
matters of legislation, which will be
congress, will be presented at the For
tieth annual meeting of the National
Board of trade, which opens in this
city on January %, and which prom.
ises to be one of the most important
gatherings ever held by this body.
Representatives of the various
boards of trade throughout the coun-
try, and of various commercial organ
izations will be present and will give
their views on pending legislation. and
some that has already become history.
Ship Subsidy Question.
A ship subsidy bill, as advocated in
President Taft's annual message, will
be one of the matters that will come UP
for discussion. Several Chambers OF
Commerce and Boards of Trade OF the
larger cities have already adopted res
olutions. which will be presented at the
national meeting, urging the enact
ment Of legislation looking to the
building up OF the American Mer.
chant marine.
The raising of the standard of eff
cheney in the diplomatic and consular
service-one of Secretary knox's
schemes. is heartily supported by the
New York Produce Exchange and the
Philadelphia Board of Trade, and a
resolution will undoubtedly be adopted
at the coming meeting, urging that the
government run the consular service
on the same basis as the army and ma
Wy, regulation promotion according tC
the service rendered and merit. 1t Is
also urged that appropriations be made
for the purchase of permanent homes
for our ambassadors administrators In
foreign capitals, and that school be
established where young men desiring
to enter into the diplomatic service
can be trained. Adequate retiring
pensions are included among the rec.
concentrations.
, A Commerce Court.
The establishment of an interstate
commerce court. which was urged ir
President Taft's special message, re
Gently submitted to congress, will bt
heartily supported. and several Other
matters. regarding regulation of rail
roads and the fixing of freight rates
as urged in the presidents message
will be the subject of favorable resolu
lions.
On the question of an improved cur
rency system. there IS difference O.
opinion. Some of the organizations
notably the New York Produce Elk
change-is in favor of the adoption O
a central national bank. while thi:
plan Is opposed by several Other
boards.
cial system Of the country is In neet
OF a change, and several suggest thai
legislation as urged in the report O
the National Monetary commission
should be enacted.
Resolutions, both pro and anti, or
the establishment of the parcels posi-
system will be presented, as severa,
of the bodies favor this measure. and
number of others are opposed te
It.
The establishment of postal saw
ings banks, however. is looked on ia
vorably by all the members, who have
cared to EXPRESS an opinion. mum
Der believing that large volume o.
currency that is being boarded, viii
thus be brought into circulation.
Corporation Tax Law.
Several representative bodies urge
the repeal OF the corporation tax law
as passed in connection with the tar
If bill, and a number of others sug
gest radical amendment.
AS the result of the new tariff bill
it is urged that this country secure
amicable trade relations with Canada
as quickly as possible. giving the
Canadians the benefit Of the lowest
rates possible in order that they may
be induced to reciprocate
One cent letter postage is another
matter that will be urged, and the
government will be asked to increase
the postage rates On magazines ant
periodicals. as it is this class of ma
terial that has caused the huge defici,
in the postal department.. according te
this last report.
Resolutions on the conservation O
our natural resources and the i'm
provenlent Of our rivers, harbors ane
inland waterways will be the subjec
OF several resolutions. and congress:
will be urged to make liberal annua
appropriations for these purposes.
Amendments TO the Sherman ant
trust law will also be urged. so tha
Its operations will tend only to pre-
vent and destroy combinations which
are Injurious
The Baltimore Chamber of Com
naerce and the New York produces
Exchange protest against the enact
ment Of any legislation by congress
providing for the federal inspection o
grain and the New York Board O
Trade and Transportation request,
that the salaries OF the judges Of thu
=r>rame court Of the United States b