New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-11
immediate passage Of II. B. 1902,
now pending; and

Immediate passage Of II. B. 1s,2o2,
now pending; and
Whereas, Even with legislation
permitting the American registry
and operation of foreign built
ships under the American flag, the
movement Of exports and imports
VIII be greatly retarded because Of
prohibitive war risks British gov
eminent insurance covering only
British vessels and their cargoes);
therefore, be it
Resolved, That we recommend
that the government promptly pro-
vide war risk insurance on both
the hulls and cargoes OF American
vessels engaged in oversee trade,
at reasonable rates, and we urge
upon Congress the immediate en-
actment OF the laws necessary
thereto; and be il further
Resolved, That the National For
eign Trade Council pledges its
hearty cooperation TO American
bankers in their efforts 70 restore
and maintain stable foreign OK
change.
In order TO speed the accomplish
ment Of these relief measures, the
resolutions were Immediately trans
mitted to- President Wilson, Secretary
Bryan, Secretary Of the Treasury Nc
AdoO, Secretary of Commerce Redfeld,
to Senator James A. O'Gorman, chair
man Of the Senate inter Oceanic Can
ais Committee, who has the pending
shipping registry bill in charge; to
Representative Oscar W. Underwood,
Democratic leader Of the House; Rep
rCsentative James r. Mann, Republican
leader Of the House, and Representa-
tive Alexander, chairman Of the House
Merchant Marine Committee.
Consider War Insurance.
The members Of the council on the
Pacific Coast, in the Middle West, the
South and New England who were UNI
able 20 attend the meeting were noti-
fed II the action by telegraph, and all
OF those present took steps to notify
commercial and industrial organiza-
tions in their respective sections of the
opinion Of the committee as TO the
measures necessary for the resumption
Of the movement of foreign commerce.
Those present at the meeting yes
terday were; James A. Farrell, s. d.
Capen, president of the Business
Mems League, st. Louis; J. A. G.. Car
son, vice-president of the Savannah
Board Of Trade, Savannah; Z. A. S.
Clarke, president Of the Lackawanna
Steel Company, New York; p. A. S.
national Mercantile Marine, New York;
James J. Hill, Of the Great Northern,
st. Paul; z. n. Hurley, president of
the Hurley Machine Company, Chi
cago: Barton Myers, president of the
= 10 6 Ill
Charles NJ. Muchnic, foreign manager
American Locomotive Company, New
York; A. II. Mulliken, jr, president Of
the Pettibone-Mulliken Company, Chi
cago; NJ. A. Oudin, foreign manager
General Electric Company, Science
tady, n. Y; Welding Ring, New York;
Johl d. Ryan, president Amalgamated
Copper Company, New York; w. D.
president Simmons Hard
ware Company, Philadelphia; Willard
Straight, president of the American
Asiatic Association, New York; Z. P.
president of the United States
Steel Products Company, New York;
T. A. Nanderlip, president Of the Ma
tIonal City Bank, New York. Also John
VI. Glenn, representing II. G. Herget,
president OF the Illinois Manufacturers
Maurice Coster, foreign manager of
the Westinghouse Electric and Manu-
featuring Company; l.. c. Southland, in
place Of John F. Fitzgerald, of the
Boston Chamber Of Commerce.
The special committee on problems
of war shipments of the Chamber Of
Commerce met yesterday and appoint
ed q subcommittee 20 determine what
can be done by the United States gov
eminent in regard 10 war insurance.
II was announced at the meeting that
the British government will take war
risks on British ships only. 1t was de-
cded TO call special meeting of the
Chamber Of Commerce Thursday to
consider the report of the special com
mittee.
The war insurance rates yesterday
on English bottoms was from 10 to 20
guineas per cent, which amounts TO
about 20 per cent. On American bot
toms the rate was from 212 to per
cent