The Washington herald., 1911-01-17

+ -4
! One hundred and twenty-five delegates,
| representing thirty-two boards of trade
from the large cities Of the United States.
will attend the opening Of the forty-frst
session of the National Board Of Trade
at the New Willard at 1880 this morning.
President Frank La lame. Secretary
William R. Tucker. and A. T. Anderson.
the commissioner, have made all prepa-
rations for expediting a great volume Of
| business.
Great interest has been aroused in the
business mems monetary conference that
is held within the National Board Of
| Trade, and is down on the programme
| for morning and an afternoon session
| tomorrow, after which the annual ban
quet in the evening will bring out such
\ prominent speakers as Secretary Frank
| lin MacVeagh. of the Treasury: Ambas-
| sador James Bryce. of England: Repre-
| sentative ]. Hampton Moore. Wilbur j.
Carr, director of the consular service.
and Representative Edward b. Vreeland.
Exhaustive Study Made.
The basis of the monetary conference.
as explained by A. T. Anderson. is the
| dissemination Of the store OF Information
contained in the forty or more publica-
| tions Of the national monetary commits
sion. This body. composed Of nine men,
! bers each from the Senate and House.
| has made the most exhaustive study of
the history and principles Of currency
| and banking thar has ever been at
| tempted
1T is estimated that the aggregate Joss
, ~. xL,t
accrued from the panic of 1907 was easily
| s., coo, 100000. This loss is traceable by
financial experts to defects in the cur
| rency system. The managers Of the Ma
tional Board Of Trade feel that IL only
a part of this vast sum can be prevented
| from being lost under similar financial
| conditions which may arise Unexpectedly.
| and the regulation of the currency system
can prevent it. the effort and study that
! are being made will be we'll worth while" :"
Subjects on Programme.
Outside of the monetary conference,
the subjects to engage the attention of
the board at the meeting to-day include
resolutions on the increase of the Ameri-
can merchant marine. conservation of
natural resources. currency and banking.
parcels post, postal affairs, river and
harbor improvements. tariff and recipro-
city. railroad transportation. national
and international arbitration. diplomatic
and consular service, commercial educa-
ton, export trade. national bankruptcy
act, trade with Latin America, pure food
act. government inspection OF grain. i'm
migration. treaty obligations, public
health, marketing agricultural products,
patent laws. and amending the Constitu-
ton.
After the opening address, by Frank D.
La lame, the president. the resolutions
offered on these subjects will be referred
at to-day's meeting to committees that
have been struck, and which are ten in
number. AS soon as these committees
can report upon the subjects assigned to
them, the board will take action upon
the recommendations. 1t is expected
that the greatest interest will center on
the postal regulations. which include
1-cent postage rate. the Endorsement Of
the lou Velle bill to prohibit the print
ing Of return envelopes by the Federal
government, and the installation Of
parcels post.
Currency Revision Asked.
Revisions of the currency. such as the
board advocates. is to follow the lines
of resolution adopted on this subject
a. the conference in 1910. This resolu-
tion enunciates the following fundamen-
tai principles upon which a new currency
system should be based:
First. Be absolutely fair to all interests and to all
localities.
Second Insure at all times adequate supply Of
properly safs-guarded currency.
Third The volume of said crrfpncy to antonsti-
czlly expand and contract in response to the normal
demands Of the manufacturing, commercial, sgricnl-
tursl. and all other legitimate interests Of the
country.
Fourth Said system to Be absolutely free from
domination control by political or any other IA
vored interests.
Delegates to the meetings Of thA Ma
tiopal Board Of Trade from the compo-
nent commercial institutions are as fol-
lows:
American Seed Trade ASociation-AIheFt McCal-
longh, Charles II. BRICK.
American warrtousemen's Association-Philip God
ley, Albert n. Read.
baltimore Board Of Tnde-E Stanley Cay. John
Nelson. Alternate, D,agias NJ. Wye.
Baltimore Chamber Of Cmme1ce-Charles England.
Lnns Muller. Robert Ramsay.
Boston Chamber Of Commefce-Henry d. Bennett
Hany L. Buragc. John c. Cobb, George r. Cop
pins. John H. Fahey. Edward A. Filene. Frederick
P. Fish. Charles 8 Hamlin. John s. Lsv1enc..
James A. Mckiboen. Daniel d. Morse. Klvyn q.
Preston, George g. Smith. Frederic H. viaux. Clin-
ton White, John G. Wright.
Genital Supply Association. Chiaso-Aarshan
Chester Board of Tt.de-J. c. Taylor.
Chicago Board 4 Trada-Geosre =. Stoos. r
Lyon. W. H. Perine B. Frank Howard.
Chicago Open Board a Trade
Cigar Manufacturer Association q AmegiA-A
II. Jenkinso1.
Cleveland Chamber of Or mmau.
Galyes.Ln Chamber Of Comme1ue.
Hohnken Board of Tsade-Ddvasd b. HRvood,
Palmer CAmpbell. Adolph LAnkeEing.
italian Chamber q Comnesus-Achills 6tar1ce.
Joseph PesSoneni
Milvaakes Chamber oi Commerce Edward J. Fur
long Cla.k Fass. Wallacs n. Hal1. II. A. Plumb
NatiDnal AaEdSals Ae0cst&oo-W. @. Nimmo, I.
Jams Fe1nley.
National Irrisation Association -csres b. Max
veil. Charles D. Wajoott, GW L Mitchell. George
L. Roberts.
Ne~pn Nevs Chamber Of Cnnmaus-Wsftes B.
ivezey n. @. Bedford
New Yat Board of Tads and TnnspcRtat&nD-
Alsxand1 Gabat, @. Wal6o anth. WiniAn b.
0ihapu.
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datian-W1llnm n AnhsEloa, ". W. RoesstAn
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