Chicago Daily Tribune Newspaper, December 16, 1875, Page 1

The Ohicaon Dail VOLUME 20, FINANCIAL: TELB Herchants', Farmers', & Meshanics Savings Bank, 76 OLARK-S8T., CHICAGO. TNVESTMENT - CERTIFICATES. Perfect Security—Literal ierest. grery Cersificate Securci by Mortgage on Improved Reul Fstnte. , TABLE of incroase of *investment Certifie cates,?? seeured on improved real estnte, benre {ax lotorests Dayable In asnrtorly Inatnlie wenta At the rate of 7 3<10 per cont per ane yum. Blowluz the accmmnlation of sums lne yested for the beuefit of Chlldren or otherat st Amoa resied. Tize, Accummiied, s 100 1 100, 100, 500 500. 800, 2,001.00 1.000. 120,10 1,000. 10 1,000, .10 geimsted apen the basls that foteres’, when due, (v areditad 08 savings aco.unt, and furosted fn INVEST- MENT CERTIFICATHS wheuever £100 fs thu: umn. Soted. "Anrboldar of & Oertifioate has the privfleze of examin. tagtbo oundition of the trust at soy tizo on calliog at 1h4 eflosof the Trustes. Curtificaten forwacded, and fntorcet, when due, rain- wated, 1t dostrod, or semltad by drafl ot express tosay pertol the United Statas. _Addreas BYDNEY BMYERS, Manager, 82,500, $1,500, #1,000, S500, And oiber rums to sult, to loan at cnrrent rates, Mon- oyon hand. TURNER & DOND, 102 Washingtun-at, "TO LOAN, #15,600 on Dmproved City Property, In ono o two sums, 449 per cont. C, B, WAIT! 40 McCormi. k Liloclr, TAZARUS SILVERMAN, BANEIRTL 5 Ohamber of Ccmmorco, Chtongo, Adnances MONEY on Produce, ol Eatate, City Cer- txton and Bents, Exchags for sslo o all patts of Pe. MONEY TO LOAN On farms in Gook Co, and Nozih'n I, Suma of £703 ‘:‘ag‘!flnrdl o city real eaiste. KIMDALL & FIRARE, o opolitan Di' | DIAMOND. JEWELRY, &a. Randolph-st., slevator to Jd Hoor, KLACES! LOCKETS! New Styles---Very Desirable —in Necklaces, Lockets, and Pendants, just received and placed on sale this day. ‘We offer a much larger selec- tion than found elsewhere in the West. N, HATSON & €0, State and Monroe-sts, WI ARE RETAILING AT COST, For the Noxt Ten Days, $26,000 Worth of DIAMONDS. b3 & RAPPLEYE, RISBIN & B ahiig.at. FUBNACES. TROVED JIOT ATl in tho beat, and wo w! DYEING AND OLEANING. DYEING. ton. DANGS DROMN Btate and Van Turen. Ladis'and Gentlemen's Gsrmenis dyed and cleaned 8 superior manner. BOSTON FANOY S8TEAM DYE TIOUSE. 18 Bonih Olark, 185 Jilinofs. and 63 W, Mudison e e R C? o] OCEAN NAVIGATION, __ ONLY DIREGT LINE T0 FRANGE. ‘uansa. Jagiio Company's Mail Stoamsh aud Havre, 11 £uou iy ve b LU0 this iavorte youto for tha Conti- necly than auy other), will sadl from lows: ) xi;m):m Ijludmu!:d e e i Hekata ikt i rodisn PRIOE OF PAESA s eabln, $1g aud B2, m.‘é" gt § o a0 atignty 1a- iyl n.m.':xthan|‘-'-§i°e§'.'}'-: “iotraon e e G0 B BarTy a.a0rsss P b V80 TRbERAAY, Neose, b Browdwer, N.¥. CHICAGO, THURSDAY, DECEMBER 16, 1875. JEWELRY. s AR MERRY CHRISTMAN! An Entirely Now and Rochorcho Stock of Diamond, Cameo, Coral, Onyx, and Poarl Jewoelry, ¥ronch QOlockr, Gold Canes, Opora Glasses, Elgin Watches, Gonova Watches, 8terling Bilver and Beautiful Plated Ten.] Sots, Eporgnes, Cologno and Children’s Sots. Cups, &a., &oc. Largoat Stock of Diamonds, in Chicago. GILES, BROTHER & CO, 266 & 268 W.ABASE-AV. (All the latost ‘ Novel- ties” 1n Tios. Neckwear for Ladios. 8old by bookallers, or will bo sent poatpatd on re- reipt of price by the publisbern, 8. C. GRIGGS & CO., 25 Washington-st,, Ohicago, BOOKS. CLEANEST ANDBEST STOCK IIN CEHICAGO. HADLEY BROS, & (0, 03 and 65 Washington.at. FuspectsemAlbany Argus, Have unusually attractive {8 the Whittier of the Wert,"—Doeton Commonwealih, Hdlkfs.; Silk Scarfs, Ties, and e e elegant a display of Furnish- A NOBLE BOOX! part it containa, "—8, 8, Times, Philadelpbia, in Linces OR, THE RELIGIUY OF OCR FORLFATHERS, Con- T ity of Wisconain, Crown 8vo, Clotb, {F Bilk, for Nock and 1 Pocket. ship."—Boston GloLe. L Evenings. Holiday Stock S&NT& GERBS AR l S ALE. 5:30 this evening. oliday Goods! | SONGS OF YESTERDAY, Denj. F. Taylor's new hollday volume. Elegantly Tocco antly o, 83, goods this seasom. Hdkf., | *FOR HOLIDAY PRESENTS nothing more at- Glove, Collar, and Cuff Boxes, @ A wealth of beau iful fllustrations by tho bast arl feta mi kea this volume of pure and tender postry one make, of designs never before 4 White | Cloveimd ieraid. shown. Fancy an 8 | wenicaao may well bo proud of thin Arst affort of “ Among the richost resuits of Amerlmn pocsy, Mumcrs; sill: Suspenders; Silk « « + Anoxquisite gift-book,”—Hartfotd Post. Umbrellas; Sillk, Cotton, and | ofthopcemein thorresent voluma ara dostined to s or Whittier's * Maud Muller,’ Of these are * Mary But? Mittens, &e., &e. ler's Ride,’ * Going to Sprling School,'and ¢ Tho Paaliy A glance at this stock Will | American pootry mors beautiful than the concluding ing was never before made. Tweniy-fourth Thousnnd Kendy. GETTING ON IN THE WORLD; At Popular Prices. | S 1o tm. com s w s $160. “Oneof the best Loois for young men Amerien nan ever gotten up,"~Bishdp Gilbert Haven, g | man or n yonog woman can be fouud in sl the reslm e e i of our lterature,"—Chbristian Era, Boston, Choioco taining sl the Myits of the Eddas, rarefnli; teme S. E‘;gdg‘ Boe | nterproted.. Tith an Tntrodustion, Vo- Fancy Ewbroid- A standard work of reference."—rpitcopal Regis- ter, Philadelphis, une, “A masterly work, . . . No Amerlcan book of * 11is manner.of treating the subject 13 ono of ex- L cecding grace, and tho pages glow with tho marvelous 3 Fancy Ho- eiory in all tho NewontDosigns s ond Shados, at Corner State and Monroe-sts,, OPPOSITE PALMER HOUBE. Opon for Inspection and Balo, evory evening uatil 10 o'clock. AT EXONME:. THE LIVING CHRISTMAS TREE, Banta Claus on hand, at VERGHO, RUHLING & GO0, R s This Volume is a Gomn in every Hlustrated spd dsjntlly bouud. Blk eloth, §4; mo- tractive or beantiful cau Le found, , . Mr, Taylor and Sleeve Buttons of Japanese of the fincet gift-Looks for this or any olber acason, "~ Hemfltitch Linen und silk her publishers ju (ks holiday gift-book lne."—Pube 4 The volume Is mignificenlly gotten up. . , , Many Merino Fancy Hosiery; Gloves, wide a populstity os Longfetlow's ¢ Village Blacksmith, Book 1ntho Gurret.! Woat is thersin the range of sat.isfy you that so large and rtsuzas of tlo latter "—Doston Transcript, OB, HINTS ON BUCCE4S IN LIFE. By Willlam 67 and G) Washington-st, #Vorth any day fen times its cost for tho touth 4 No more belpful or appropriate gift for & young QVELT Pt Lo NORSE MYTHOLOGY, cabulary, snd Indox, By R. B, Anderson, Univer- ored Initial and * Exlaustive in all its relations,"—Now York Trib- tecent years dees equal credit to American scholar- snd ronantic,"—Sacramento Datiy Unton. FRENCH’S ’ 'WILL KEEP THEIR MAGNIFICENT Cor. State and Washington-sts. CRIB AT BETHLEHEMN, at 13S to 142 'ATE-ST. 1656 W.ARASEI-AV. AT BLANK BOOAS.STATIONERY, &o. ORDERS FOR 0 P. M. e AU DRI ERIAY, 4 National Line of Steamships, NEW YURK 10 QUEENSTOWN AN LIVt POOL, D, 4,198 tarday, Deo.18, atda.m, T b Urday, DEo, 2 at a. o, Wm-flm ata.ual, Jaa. L acg e, m, s 400} taas. 1:':‘:{3:::[‘,“ & atlp. m. BN, N0 s, O s %o, 8% atAa m, sk b0 B8 L ST (f irenes. . oo ; 0 a Cr £l and upwards ua Grear Slmlanveenlhoess. Groat Western Stenmship Line. From New York to Bistol (Kagland) direct. gflllll‘xu_au. Weatarn ‘nusday, Dee, 18 Cibis Pussaye. 410, Tntormediai ok Biasrice § Surion e, 430, Apy: ') ¥ Lk Bare 330 u.’:‘."fi. ARBADON . ST HARRTS, | PRINTING & BLANK BOOKS : MANFT, OF IMPROVED For the New Year, should be given without dilay ta FIRE and BURGLAR-PROOF | CULVER, PAGE, ROYNE & (O, SAFES, |BLANK BOOKS, VAULT DOORS AND BANK WORK, | rcuns moimes s e s Purnished promotly and st fair prices, by J. M. W, JONES, 104 and 10§ Madison Partidh needing work of this deacription avo reepoct. | === fully requeated (0 make examinatton of stock at Factory OPERA GLASSES, &a 28 & 26 East Randolph.st. CUNARD MAIL LINE, lfl‘ \hres tizae & week to and from Britlah Forts. ‘mro.miwu ‘s Offce, porthwest corner Clarkanl TR A B, U VHTRET, Gonersl Weatarn Aeont. SHIRTS. Time-tried snd_thoroughly- taied, geus o deslyu, su- Fasb in workin. paldy fau.t- foas tu it, Leave ) 0ur wueas~ we Wi ‘fimms & COBB, 171 douth Ciatk-at, A 111 &118 Lake St., Chlcago. Becarsiultobuyonly the Genulas, | A raveling salormso, thorough y scqusinted with - ARUATIO TaTOBY : EPEC%%%%SE}LASSES, Ve o 130 ey o 1 LOWEST PRICES, Quality, Style, F i1y;, Durability. | a¢ ». PoLacHELS, Optician, e e ies i and Hlerits 70 Btate.st., noar Randolph. BEDWARD RInY, COAL. ‘Wabash-av, cor, Monroe-st. BIRD , TAKRUTS, rod@ alher Faney 7.1 HATHAWAY, HARDAND SOFT GOALS. MAIN OFFICE AND DOCK 1 00R. MARKET & RANDOLPH-8TS, Also Office and Dock, No. 1 North Market-st, Offic and Yard, 711 West Lake-at, Down Tuwn Office. 146 LaSallest, OBRDERS SOLICITED. 1irds, Gold-Fish and Aquarium Tuuka—-all wntable for yresents, st FLED KAEMPFERS, 137 Bouth Clack-at, WANTED. WANTBD. kery, uissswure, and lamp trade, with eatablished Taga i diireas, by totier, SMITH & 0., care Gasriss 1, Biaklon A TRANSPORTATION. Meeting of the National Con- vention at the Pacific, Address of Welcome by Comptroller Hayes=--President Heury’s Remarks. Roport of the Committes on Rail- roads---Paper by Col. R, P. Morgan, Resolations in Reference to the St. Law- vence, and {he Canada Canals, The Canadian and Vermont Delegates Favor the Canghnawaga Canal. Tom SBcott’s Southern Paciflo Schems Finds Its Way In, Papers Read on Miscellaneous Subjects, MORNING SESSION. PRELIMINARY PROCEEDINON, The fourth mooting of the American Bosrd of Trauerortution and Commerce began ycutorday twortiug at the Grand Pacific ITotel, Thero waa a large atlendsuco of delegatas from all parts of tho countrv, tcgetber with delegations from Conadian cities, ‘The Coaveution was called to order at 11 o'clock by tho Senior Vice-lresident, John F. Ifenry, of New York, who scad a letter from the 1ion, Josiah Onincy, President, stating s ipa- Inlity to attend. COMPTROLLER IAYES thon camo forward nud deliverod the followlng addioss of welcome: IVENT ASD OENTLUNEX OF THE CONVEN- 10 Wy gleasant duty, ob Lehalf of 1o i4d you welcome, and to ofter you the hospitaiitics of tho clty. You havo ascmbled here from idie different Ftates of tho Union by apjointmont of ‘the Uovernor of the Sta'es aud verious otganized budles of uitize s, to vonwnit together and tike some aedon UL Suvjects of_trausceudant fportance, 1lnd amony: you mony gentlemen of distivguished abilittes, of jruat o5y encice i Luginess agalcs, nud of nmilo n. ‘Tho wholg country will sotution of the queations which you bav nelder, ut least many valuabio auggestions, potbans » plan for future actioh, lookiug botii to pri< vato entervrise, Jawful combinationa for mutual pro. tectivn, and 10 Jegisiation by tho diSerent Btates and by Congreas, 1t would Dot te proper for me upan thi occasion to enlurgo upon {hese subjects, or 10 enier futo any of their deluilr, I may sag Lrictly, however, that the trau portation of commoditics rom tho Llsco of pro- “uctivy to the ylace of consutuptiuts, with the kindred queation of tho medium of oxchange, ombrace almort overything of & mnterlul charncier ulfecting the wel- fars and proaperity of our tountry, 1t oy bess swned that production Wil go on, if producers are al- lawed n_céa o (hefr proper markete, free from unjuet vaoctions aud_oppressive combiuaiions, sud if ‘the Vitis of thels propecty 18 sorured fuelsst atbitrary and unwiso cliunges fo the velve of the mcdium of cxelnuge, Aloou the dsugsrs of moderi avilzution is the vst cousulidajon of wower in tho hands of grest corporstions, and 150 arti el system of Binance, by which the volano snd valtic of tho curron- ¢y uro Aublected 1o tho contrul of legisiative boulen aud of the Influencea by whick they may from time to time Le governed. Thene duugors are unnvoldelle, The grett {nven- tons of recout Y e for ecopnizing labor, snd facili- tatiug tho oporations of comnstee,oannol 1o abindon. 1. Wo wilinever retury to furnpiko roaJs and fiate bata, or toa currency of tobac2o, of wheat, or of met.ls wxviusivery. Qur rallromls, te'egraphs, and banks, are the creation of coputal,—uf ¢ itui combived and made vecurs by luws of lacorposution, Thioss iucorporations, power- ful a8 they uto, duflgerons oven o tle Bighesi deared #hau their powers urosbused, are entiiod fo justice. Tuo prouiom of Mo tey 18 not conuscation of thie prop- urty uf corporit ous by tho peopls, or of that of tho Jsople by corporations, but how to svoid both, Low to brotect uil intereats, Bow to wesure all from abiuses of power ot eliher mide, how 10 obtamn untramnieled froadom for the Liws of production snd exchange, of dernand und supply, 1518 ot tus purpose of ihin Convention, regtecentiag the producing and com- is.erchil people of Wila coantry, 1o oppress or lnjurs any of thesu great corporations, It §s their purjose themsulyus to resiit oppres-ion 8od_injury ; 0. brsak dowu 1aunupoly ; tosecure Ly fuir meaus freo sud cicap mccesn to internal oud forelga markets. Thia {a pot u tine when the trudo aud bitsincss of the countsy can bo.t suy Dew Lurdove. OUF people, fur 8 yeur panl, Uavo been Leyt fu a stato of apprebiou: wlou OF 4 preat Tature eatumily, the futdl destruction of 0.r yrevout fiau al kyateny by ths forced with- ddrawal of tho greater parl of our currency, aniounting 10 il 10 Rasrly §800,0.,0(0, I trust you will pardon 1no £OF myying thst tug Gurernmout, 16 my opinion, hoa b .01a) Tiglit 10 wilhidraw tuis curreacy, or 10 cf trat 1t to wy perlous vatent, uutil the indsbtedno:s eunied under tha present Lo bas beou paid. T bes fieve auch u 1eunury to be Unecessary and ruinous, 1 tullove the spy riliension of jt i now costiug our Pouplo re thn tho smmount of the natlonal delt evey yoar. 1 Lellwn our fusncial in ottierwiro ot & ady for the dopreciation of the currency in perfuctly simple, snd within roach, and, if resorted to at on-e, it wiil réstore tuufdence wnd Trosperity overywheio, Ylat ronsedy fn (o leave the legalt-endor and bankiug Luws as they ure, to rdvetn tlie Government notes h 1oug-gold Uoudr, se proposed by Irestacut Gram, wut 41 bouds tust will b ortl pur 15 coin, sud o re: ¢ ton, witliout dnger of injury, but with the s1omine of nmndlate 10 Laating L rospsrity. Tus i poctauics of thia subjoct wil, 1 Lups, Le & suitcleat ex- Guso for tuls digresson M. Prosident, aud wontlemen of the Convention, the of Calcsgo tiior e whom you reprosent. Unly four yeats ago our clty was lald in usues, Twobundred milliton dollars® Wotth o property was deatroved i a day, The uni- Vorssl sympatny end ald which we received frum all Jurta of tho United States, and from other countries, Can never o forgotten by’ bs, or by our chilirua, or Sur clfldcec's childrou, “Weare bound to you Ly 1he tles uf gratitude, which only become strouger by tae lupes of thne, 'We Feceive you to-day with pleasure, and whils you Fewsain AlOLR Us o will endeavor to show Low higlly wo appre ‘late your presence, sud bow glidly we ex- tand ta you a sinvere and cordial welcome, After aultably acknowledging this hearty wel- comio, THE CHAIRMAN upolie as follows : GENTLEMAN: In anewer to the gummons of the American Board of Irausporlation snd Comierce, ‘Wwu bave mot 60 consult toRetivT UpOn what {8 popus larly kowh aa the transporiation probiew, Tue jm- meiisa imyortance of the allmlwu aud the complesity of interest that will Lo affectend by jts discusstou may well 1as} ire us with modesty and “caution; vut wben wa retloct tlat the people of the United taiss nfy pay u_or tight bundred mililous ol dollard esin for futerual tranaporiation, and a quarier of & utury heuce, i tha past rate of lucreass is contivus ed, tho smount will buve incresscd to $2,004,000,000, we caunot Lutl be finpressed with (ke maguitude of the sabject and ths scessrity of haviuy such au enuru:ous distributiug wachivery wo seguiatud et {Lwill Lesr «.quitably upon all cliw es i the comumunity § tudecd, 1t 1w the defects and lne juaiities in wis present wyaten wljel sre 1ho cuu:e of Lringing us togeler to-day. Ihghways wero tormerly cothtructed sud owuct Ly tho peoplo through 1ne wscuinery of Goverument, Lut witt the advent of steami came & cLango 1 this service ; corporatious were created to perforin the duties which Ucrotufore, Ju & wilgatly diiecoot forw , bud dovolved upun Kovernmeuts, and tue evis undor whith we are now suilering svethie result of cunlEriug powess willout proper restrctious aod safoguards. “Tie utiro of & ralirond is such that 1t may enally beceme o motopoly, uot subject to the sanis rul ‘wiicu coatrol ubd regulate otber kinds of bualuel Competiuon canuot reedlly be outatuod 1 grost o suliationy, sud wheu coublumiima sud o solidatious are ertuitted, o they b oo {0 1018 country, {6 18 reuderad miwmost imposeltle e copt tucouxh the machinery of Guverument, eithes Ly direct coustraction sud ownursuip, or by lesuing 1ts own Louds or guarsubeing thu bonds of & private Corporation sud axeuiniug fa couslderation thereof 3 Ppropur upors iafou sud cuntrol, Whek our frou higa: Nuys wera hret iutroduced, if somo fur-ésclug wian b Arsated that they suould bo wholly or fu part co steucted, nianaged, of coutrolded by the Btate, be wight have Leen thougt 3a uupractl - ono who should now ask the Uoyer twent fo provide us with clothiog aud -Tovision : but (ke daveloj ments of the luat iweuty. years Bave shown that uew laws for toa reguist all embarrassing, aud that the rein- ¢ undor tho doapost obligatlons to vower In the Lands of Gorernments than is sheolutely necessary, bat it [¢ eqally certain that thin feeling i earefully fostered and magnified by alf wun are futers €uled in tazing tha public to perpatiiatn the defects of ©F present tranaportation Aystum. We bave experis enced the cartatn atd ever-tucrsasing evils of privato mansgement of nublle hicbivaya, and are naw secking £2r relief from a centralization of power I too Lunie of a few individuaia, who uct i concert for pernonal aud corp orate sgRrandizement, 1t fs difeult 15 overealimatn the importance of this robiem, for the future of the uation i largely de- pendeut upon it 1L 1s not alono for the prescnt wa st lag our plans, for the future development of thin country will undoultedly equal, If et excead, the past. L tiauly beleve that the united will of our peo- Pla, inapared with justice and esccuted with modera. tion, will_find a snlatiou of tbIK great problem whi-h, without fnjuring those who have boueslly invested their caplial in the prorent tranaportation rys. tem, will inaute for the futurn reifef from evila un. der ‘which our country Iy suffering. Mzy your delihe erations, gentlemen, do sume:bipg towsrd Lasteniug thfe mach-to-be-deaired connummation, MIBCELLANEOTS LUSINLES. On motion, the following Committes werd an- pointed on Crodentials: B. 1t. Hampton. of Thi- nois; G. G, Benedict, Vormont: Charles Wa- tera, Now York ; J. 1. Osborn, Wiscousiu ; and J. Neluon Harris, Kontuck A recess of fifteen minutea waa takon for dele- gatea Lo present their credentiala to the Com- mittes, which kaving expired, the Chalrman ‘n called the body to otder. e suggestol in the abencs of the Committes on Cro- als, somo reports bo read or aj.occhies made, Mr. Aerwin, of Now York, moved tust tha Convention bo govorned by the rules sdopted Ly the Congres of the United States, Mr. dcawmon, of Illinois, hoped the motion wonld pot provail, as ho did not behiove there nero ten gentlomen prosent who thorougtly un- derstood the rules of Congress, ile moved ay an amendineut that the C nvention be governed by pencral j arliam2ntary rulea. The amendment, after o shight diecnssion, was put and carried. Mr, Clatlin, of Tllinois. moved that a commit teo of soven ba appoinicd to make out a pro- gramme, or order of bummess, fur each dav, Mr. Iile, of Illinots, jutotested against any such dictation, Ife did not believe in beiug tisd dowo by Lalf-a-dozov individuals. Mr. Cummings, of Illinots, aleo protoated. Mr, Cargouter. of Wiscoumn, called it sn iron band, whico the Conventlon could not tolerato. Mr. Cummings, of Illmois, moved to lay tho motion ta apjoint ruch a Commiites on tho table, which Frevatled. Col, Baker, of lliuots, said, by way of explan tion, that tLo Committes was not. as be unds ntood it, intended to muze'e anvbody. but ratter to faca itato busiuees snd prevent coufusion. Mr, Clailin said Col. Baker epoko ks senti- ments. ‘The Chalrman—Let soma gentleman mnke n nico litle spesch on trausportation while tho Comuwitteo 1 out. [Laughter.] THE SECHETARY'S NEPORT, Tt was suggented that Alr, Ferguaon, tho Bar retary, read his report, which ha did. Itisa coinpact statoment of tho objects of the Cucan. Trannportation Assouiation, and a alaicment of what bas boen dono dumring its existence. Ho closes with 8o appeal fo Chicago merenants to imituto tho example of those of New Yori d organszo. An juvitation was rosd from Socrotary Ran- dolph wvitiog the delegales, siogly or as a bods. to visit the Board of Trade. Tuo invitation was accented, and o vote of thanke pagsed for the courtesy. Mr. Merwin, of New York, moved that a clergsmen of the city bo invited to open their afternoon procecdings. 10 regular session, with praver, which peovai ed. ‘I'ue Couvention thea took a rocess to 2 o'elock, ———r AFTERNOON SESSIO; COMING DOWN TO BUBINEAS. The Couvention resumed at 2 o'clock, Tho Committee appoioted to provide & minis- ter to open the session witb prayer reported thiat they had booo unsaccessful. The Chairmau—Can it be poesible that in Chicago you can's get & clorgyman ? {Laogh- ter). Alr. Merwin (of the Committee)—The clorgy- men are all busy with their Master's buslness, Mr. Eberton moved thoe appointmant of & com- mitteo of thictesn on Pormausnt Organization. 'T'he motion was not seconded. Gov. Bross asked loavo to prescot a paper oo the general subject of transportation by BIOHABD P. MOROAX, of Illinois, that it wignt be reforred to the Com- mittee on Business whep appointed. Aftor vome discusaion, it wau decided to have tho papor reat. Mr. Morgsn, Jr., waa then invitod to read tho paper, which be accordiogly did. It aot forth that the firat remarkable event leading to prester economy iu tranupurtation was tho coustruction of tho Erie Caual, sccompaniod by the use of steam in the navigation of rivers sud he great Iakos, Dy this means New Yorx secured a trade over & wide-spread torritary. The mecond era of 1ternol improvement was commenced by the - troguction of railrosds, which was soized upon with the ulmont avidity, and spread with sur- prising rapidity, Owing to this rapldity, grave miochanical errors were geucrally . adoptod and were now dificult to recedo trom o mo- ccunt of the great sactifices iuvoived i1n tho chauge. To this yoke was adde:d corrupt flnan- cinl managoment, which seemingly coulu ol be remadicd by retroactive legislative measuros, Theso defacts mainiy contritiuced to the uuxats- favtory conditions 41 the publia means of trans- posting perdons sud projeriy by ralroad. A hew eta must bo jnaugurated from which these defects were sliminatod before a mossurable de- qros of ralwt could b obtained. Actual expe- rience of tiansportatiou for long periods and gencrally under strong comibetition domou- usirnted with & bigh degree of accuracy the fol- lowing facts, from which deductious could bs satoly made: The aversge rateson great linos of trans- poitatlon are, by ocesn, 2 mills per ton ner uwile; by lake, § mills; river, & nulla; canal, 10 mills; sud rail, 6 milw. Those ratea are somowhat lower for throngh business ou distances varving from 500 to 3,000 miles. 1t is genorally sdmitted that tho ratea charged wre remunerative, Ucoti and lako transporta. tion are omitied frow consideration, since it {4 not boltaved that there conld bo any eaily aud &} preciablo reduction of these ratos, nar fs it believoed that loser ratea than thioso stated cau be obtalued o the Erie Causl, unleus it bo made 08 & river, freo for all. ‘ Thus, it seems, whatever reduction is obtained {n trausportation ratea must bo secured by more perfectly usinzing ouy rivers sud railway sxa- lem. He then reforred to the proposd im- ptovements on the Missikeipyi River, and stated that the reduction ju ths cont of tranuportution on that stream and ita tributaiies woald oot ouly produco a direct offect, but aa indirest ono, on all othor lineu of tranuit throughous the couutry st large, I[6 then touched upon tha question of Gauges, and cxprassed o Loliof tiat tho 4 foot 5ig “inches was probably tho most dosirable, though thoere were facta in reiation tu the nar- row gause wiioh endtied it to consideratiou, It was evidons that tho carmoity of railroady for successtul competivon with Inkes and canals must be carited to a wuch higher degree of practical uality than it uow possessed or th oauutry would fall to receive tho beueficial effects which this syatem could proditcs, avd the manufactuting industrics of the Kest would be ;n?un}ly transferved to the vatley of the HMia- wissippi. Mr. Morgan tbinks rolief should be sought in two directons—by climioutiog the excesive wommal cost of railroads wo that tho ousrges for nsportation may be redusel to such rates as will pay ressonably ou the capi- 8l necossanily fovested ; and by miaking such unprovewments In the cons.ruction aud oporation of rairoads s will reduce thiese to their lowest points, Thus, it tbe New Yoik Coutral and iluduon River Roads were ojerated 8o s to wake roasousble earnings ou the aciual capitat inveated, theiv rates for thraugh trsusporiation cou.d bareduced more thau § mills per tun par ile. totsl cost of the raroads in the Btate of New York has boeu set down at 32id.- 000,600, of which about $100,000 roprosouls watered stack. In order to consider the effeot of reducing grades si.d the diminution of desd weigut i Fulling-stock, be glauced st the peubantits of tae differout routow that wust he Aslectod for truok lioes to tha Atlantic oities, and exprossed the aplutiu that a raliroad could b favorsbly lucstod from Now Yok to Cbicago with no wrade secouding eastward miore thau 18 fect 1o the mule. Yo Liy optuion, railrosds were you {u their jufancy. The presout locomonve would, at some future daw, looked uPOD 88 & cluig.yy, was oful msotine, and would be snpplanted Ly one which would ruu se ocou- tinuously ss the engino in » steamer. Iude- pondent, bowayes, of thiese mochanical improye- 3 ments, double-teack railrond, free frim une ! nocersary tinancial iucumoraticen, employed ox- clunively tor freight, and novar running bevun If3 ¢~ 10 miled 1.er o, could not fall to reduco thgvS o CoArgos far oclow tho loweat cxisting rates. 5 & A Yoto of thanks was accorded the reamor ars 2 tho \vricer of tuts paper, which was referrad-= the Comumitice on Heroiutionn. k YHE DELYGATEY, Tbo Committea on Credontiala then reported the follawiug delogatan preeent : Jlsnnie—tn_ the yart of the Htate, B, P, Derickaon, Jobn Dougherty, L, B. Wartir, T._J, Carter. O, Durr, Duiel Gold,” Geurgs Hiuter, Emery beate, Al D. Mawsic, Georie 8. Pare, ., H. Nevit, Willam Brow, Jobn T, McGinaias, JUobert A Talboty Al Ko Avery, Jowea B. Tepsert, Geurga Dunisp, L. M. Masomtock, A, 11, Haitl, Gcurgo V. Dietrich, W, ruer, U, Y. Scammon,” It Prindivillo, Casrlen’ 0. Wicker, 1, L. _jismptan, Alex. ander McLean, Joun M. Pleron, ‘D A, Bruwn, James Steele, Joseph Uttley, M. 1, Floyd, W, H, u-;dtn. ‘Wait Tulooft, Huin Dougluss, H, Hmlth, I, W.Austin, G, W, Parker, Lo U. Wieoz, 1. N. Atnaid, Franc Gilbert, O, W, Atmiatrong, W. L, Wiley, b Dowell, W, 8. Biooks, J, P, Kogerw, Thomss dudi-s, Wiliam ilsnos, Janes K. M:Ose, F. B, Ganudier, Tunrasa P, Rogers, Duncau McKay, Willlam yiira Bridges, Geargr Hugder, . Valone ice, 31 hu Gordon, Frad Liross, 3, M, Rugglen, B. L, Worley, D, J. Stewart, J. M. Allet, if, 5. Osiorn, Mattuow DIk, Hitouel Dyasts, Joln iendeld, Lewis Eliawarth, D, Wilcor, Amos Bavage, Wiiltam E. Plirlpe, Nelsou Borubam, Frauddn Curwia, Custies ), Liy fett, 8.F. Cummiugs, Willam Gilimore, Whllam Liunley, A, B, Barrett, Roducy Welels, W, B. Strong, Wilham i1, Rtay, David Melutorn, 1", B. Townnend, Y. E. Taylor, N, Moare, L. 1. Guodrich, G. N. Beripps, ¥, MOWhprier, Wo & Toses, W, N Dainard, G5 Kullog, 3. N, Preston, James Coy, Grorgs P, Jacabe, 3. W, Eddy, Junn Adison, Jobn Wentwortt, N. M. Waruer, D. W, Danley, Join Bauler, It. Miclacils, J, A Noauaa, B A+ Eifersan, 0. ¢ 3 '% Crao, 3. B, Muleand, Jumnes T, Wal l’; Guask, o Doty & 16, Burles) 3, . Moy ward, John Cusldy, Peter Lott, H. H. . ichara’ Pr Morgat Iicnard Bi Morgau, ir. N art, dates Tuliock Judd, 'rindiville, HoLert ) L, Lewis Btewart, M, .'Ploxd, €. Thornton, 1. Tiitcheock, ilugton & Weatern Hauroid—E, B, Bat Pettibove, J. It, Zeariog, Natfonal Agricultural Lewis, Gergn F, Morris, 8tate Farmens' lis , . D. Emery, C. C, J. M. Allen, Cuiaeles 1L C, Law- M. Buiith, Cunadu—Dr, Dornard, Thomas Cramp, and the Hon, John Youug, Juard of 'Larber Com tresl, New York—Deleastes from the Chamber of Com. metce—dobn F. Henty, Fraucis B, Th ‘i H. Durkee, Chatles Watro the New Yurk Cheap-Ti Georgo A, Merwia, A, I, il Laex, B. P, 'atker, Goorge Liroy Fergunon, Tray. “Sew Jers;—fuhn Jamison, L, C., Reerls, Sovereigns of Industry, Gtate Council, Kentucky—J, F. Bulijlt, J, Nelson Harrls, G. W. Smitb, It, H. Woo.falk, W, If, Pavne, R, H, Btinton. R. Hailam. O, D, Poote. Josofb Davidvon, L. 8. Tl e, Altert G, Ithoa, Lisac G. Forbes. From e Mupufacturers’ and Merchants’ Exchange—b., F. Avery, 1. Du khardt, Kudolphs Ploger,, Wililam Corne well, W, D. Fitch. Wiia wnan—iobu Nader, 8. D, Carpenter, J. H, Os- . Charlas BlopLonbac! oieaes A} PALLED 0 DONRIE Of 1he Biatemsd. K. Hor. nfeli, J. K, Graves, Mo Smith, Jobn M. Day, E, iL. v Johuston, James E, Trace, I, Smyth, T, J. 8. Huciey, . B medior, Puior Melendy, Ldward Russofl. From the_Davenvort Board of 'Trde—George i, | Parker, . W, Green, From Suscatinn Citlzzns’ Asto- clatiou$, G, Brolu, W, W, Webiter, Jobu Martin, Mnneota~From tio 'Staw—C. C, Burlevant, From tho Mianospolis Boint of Trade—C, A, Pilia: bury. J. A.CLristian, . M. Fuller, G, R, lisrbour. C. 3. Loring, W, I', Lakeug. ~ §t, Paul Chamber of Com< warce—D, Biakely, W, 31, Fiferton, W. G. YWilson, Neoraska—Appaitited on the part of the Stale~F, C, Morgan, 8. . Johnson, Awsas Cobb. Trqinig—Thomas ¥, Manford, Edward Danlols, Vermont—Erom tho City of Durlingion—F. G, Keanody, W. W, Henry, L, C. Dodge, G, . Bigelow, G. 0. Benndict, Otfvr—Foom Woslgrowers' Aunciation—L. T, funt. Citr of Toledo—. d. Weils, G. W, Beynolds, D, . M. Howard, ‘Ind.nna—0n the part of the State—Jnsper Davidson, Tanry . Cautbiom, Feliz Lewls, L. C. Liw, O. P. Cobb, Tesac’ Ouoll, Thomna Kingsn, Claude' Liatthows, Josapls Poulé, Clem Btudobaker, {sass B, Hymer, J, D, @, Nelson, J. K, Beatdaloy. Ingion Covnty Agricultural Soclety—~Joseph W, Purriam, Oyrus I, Bryant, George L. Dippus, L. P, "Millington, Kobert Simanton. Al ssouri—0n the part_of the Stata, Mr, McElhaay, John J. Marlin, Joierh Drown, D. P, Rowlsnd, E, O Blannard, Goorgn Dain, R. L.’ McDonald, Johin ‘Mc- Gtegor, T, R, Allen, B,'IL Henry, A, W, Larb, James N. Nute, 3L V, L, 'McLallav, K. G, Darrow, R Q. loach, Mlaiarippi—W, To Homingw:y, J, AL Stone, R, H., Alan, 9 Blarps Jo Lo 5‘,7853 Di. Mcleod, Bmith, £, Rticbardson, Jobn W. Robinson, J. L, Heb- rou, O. M, Kans, 4. 1L, Arthur, R, O, Llndu{ J. A, Hosk! Ewmet Rosa, J. C, Lucss, E. G, Wull, Victor wmes Lo Byriow, From riation Ansoclation— ¥. W, Thompson, J. W. Fant, William Crump, J, T. ik, D. L ¥iares, W, W, Volght, A. 8, Galnw,’ De, Varden, n"f:mm—s. L. Nitack; Chandler Bmsth, T. F. 4-bop. ‘N ias—Charles Tobinson, P, B, Plumb, Thomss Murily. + Orewn—IL, J, Chapmsn. Ths Commttes recommonded that every gen- tieman sdmitted ad a detogate havo a voice on tho floor, but that each Btato be aliowed only }lm nuiber of votes caat in the Electoral Col- oo, ‘On motion of the Hon, William Dross, of Ili- nos, the 1eport was adoptod. COMMITTPES. Mr. Thurber, of Now York, moved that a Com- mitieo on Rosolutions bo appointod, the sawmo 4 be annouuced by the Chairmsn thls morning. Carned. Mr. Dougherty, ot Ilinols, moved that a Com- mitles ou Permanent Orgapization, to cunsist of one member from oaca Btste aud Territory represented, be appoiuted 1o nominate ofticers, whaich provailed. REPORT OF THE BAILTOAD COMMITTEE, Mr. Thurber then read tho report of tuo Cowm- mittes oo Railroads, of which the following 18 an soatract: Tuo retation of our poblic highways o civil govern- moot s oue of tho momy nous questions ut this 1ime Lefore the American pooplo it involves the prowperity of commerce and 1he welfae of boils the producing and cousuming elassss,—in_short, ke {uterosts of ev- ery citdzen of the Utlted Stater. Tho old common Taws of highways was bared upou publio proj ietor- 1blp sad jivate e ownerais Joridiction being liold Ly the organized sovercignty of tho Siite, which permiited the cinman carrler sud tho publis to une ino bighways under snch regulstions an were far tha public good, ‘This wan 1he sltustion at the timo of the discovery stid apylication of saim to the purposss of transportution, sui bers, as in all other rela- tous of lifo, it rovofulioulzed exisling cou- ditens, For s long Mme the publio were sallsBed with the duvelopment audincromo in valnvs which inevitably sccompauied the application of siean to the purposes of trauapo:tation; but afir & tio tho fact iscamu apparest thet they wero nat sharing proportionately o the beusfitaj thst tao ubuses whicl had crept 10to Lho systoms were s burden upon tho many for the benetit of tlo fow, aud & resc- tion_so iu, which for the past four yesrs has mudo Wreal progress Tt may ba asked, What are theso defecta? Gonatme- tion 8 aften undertuken by frresponaible mon witli- out crpital, wiio obluin & charler to bulld a road Wist Darlidpe 18 10t teeded ; they obtain all the Lical aub- acriptions possible, audl then fsus constraction bonds socurod by forlgage upon ihe Toad: thioy then forut & construction conipany, and let the cortract for bulkhing the road o themsoiqea vrice which will aduit of sulleiting to bous-fida _coutraclory o bonds are suld ot & tacritce aud cowt of tho rosd {8 thus greatly cubisuced. Afier co « completion the atock i divided ataonx ths projestons wituont squivalent snd rales for trausportation fzed bighs enough to pay utecest on bonde anid dividends ou stock, ~As soon &8 the projectors vats dispuso of & Targe proportiun of tusty stock thoy do wo, bu. wenersl- Iy uanage 0 retain contral of euough o wsnury thelr Teleslion as maagerw of {he rowd they vole thew- aclves large salarics, and periape 1uske comiracts with Lridgo colpaules, or coal tumpanies, o sup. | compauies lu which {hey sre inloreatod to furuis 1h0a0 services aud suppitos a4 exorbitant prices s ticss gradually baukrupt the rosd, sud whion 3818 401 thoy ‘sUls 1o buy it ju at 8 Juw pri.e,lusue new stock, and vupeat (Lielr BLuu, 14l 0 oFuliui OVCT 3gaID, Another phiate (o raurosd wstageiont iy for men of wealth (often acquirsd fu the wiy we Liavs de- scrved) to find » Feml wilcl has developd a good Lusiuees, Luy's coutfolling Interest, eloot fuoic own Tioard of Dire-tors, mismsuage s property purgose:y unif tho stk ls opressod Sucleutly low, e by up tho bulauve ; wuddenly dlscover thut the rosd s n fwmensely able pcoperly, snd that jts capilal atock Lears 10 uroj ortion 10 ilie sctusl expenditires taade upou 1t ifruin ia earuings sluce constructicn); {aste now atock wiihiout, or parttally withont, ¢;quiv= lent, and gradually advance ratos uatil vegiler din- dende ase pald ou tho whole miuas of obilgailuas thus creatod, Au_instauce of tuie kind of railrost mansgemaut muy ba seen fn the New York Ceutral & Ludson Wiver Road,sbout 430 milles in lenth, woich in 1301 and 1504 prosented ils stockLolders witl $48.0,000 of utock, which bis siuce pald § rer vent dividedds, amouuting I efgbt years fo £4.7-0.- 40u, o1, wita tuterest compoundod aunually at 7 per cont, $30,087,000, & wuw which (& may Justly be said would Bave romatned 1u the po. kats of producsrs aud CunsuIners, mauula turery aid tradery, 4f this lutis- 0w of a10ck bad 00t biel peraitio, (Note, {0 lacS, Uiomo dividands wths compund uto-est, if coutinued, will aniount to §llwy,00) It I srgued by thv Lologiats for this practic that it was 2 perfoctly just iha Sprojer rdioedivg, Iuvestors* ju Tahoad yropesty sre eatitid Iucreato lu value of | propesty & are ownors of real eatato; hut it mu Temewbored T ) Lfosd 18 suu)-publia 1n e mature } asarly, (00 L b o which 4 ', wenieat domabuy —ibe rigi Jiogesty ageinss e will of fia ownar, TPibune, 4 & & & - > NUMBER 112, & g S & ”. S abllc nee,"-~and therefore it owes some duties to sublie, which a privats citizen o a manufacturiog wuy“dfiu L eu It hocomes the intarest of unacrupulons m Serpetuats thega dsfoits, they Lecoms pollicisans 0 many of our raflway mauagers sre of {his 1, and 80 often in political infinence ju demand to TYe tiselr purposes, that in many parta of ourcountzy (i cutirosateouagel of theto vowerful organizations at end, o politicat man Fallway ¢ hae Echzio N acien ooy R Haw ¢an efactive competition be secured? Foma ereon< ink that jt can beat be obtained throngh the 5 A operation of srifciel water-ways, it rsema Lrovatles thst they will play & secondary part in the trans ortation aystem of the future, o 6,000 milos of canal {0 the United Staten, mt pne. Lialf inve Laon aimndoned, or thelr traMe has boen di- verted, o that thoy nra practinsfly Uscloss, LArge net- ural bodica of waier with suflSent depths b fdoat large Yeweur, tpan whicl steain ean Lo aniccessally sed sv mnifve power, will undoultelly aiweys furuinb cheap aud astinfactory tranaporiati 'y but with canals, and writh many riveds where both roam and depth of water 4T limited, the caso 1A different ; and aa cheapnces is anly ope of tho great renuirites’that influence trade, your Commitieo ars constrained to believa that ralle Fard Wil coutinue to play s more important AR con- atantly ineresing part In tha transportation system of tho future, Canala sro too slow for many classes of g7udn, ars clored & portion of tho year by fce, sud can- ot 1w bulls througls many sections «f the country . which are practicable for railroads, Tho elements of spsed and certatuty enter 80 largely into the calcals— t1m# of modern commerca that railrosds have become the fav0rito 1ueuns of tranaport, snd, an I tho caas of thie ont-office and the telegraph, tho publio will often 18y & bigher price for quicker tranait, “The present trunk lnes of f0ad betwoen the Faw and {Le Weat wero couniructed by plecemes), yet ro- cofved financial aid o & very conmiderable extent from staten and mutlcipalition, which are now 1n most. fn- stances pravented from Exionding aid o fuch eaten prises by constitutional probibltions—probibitions whiich 10 s0'mo Instair o4, o, leant, wore instigited by tho managern of exinting rosds for the purpose of pre venting competiug linen from belug ertablished, - To raite by private subsctlption end credit the amonni necewsry to thus foprova our {ransportation system,” wuold be simply mpossinle, Jasoagers of our trmaporiation system ha €rows mo rich and powerful under ilis present systom, und tho capital that they control is »o organized, con- Bokduted, 200 cOmBINGI,—o roweFbland ar ronching 10 e {afluance,~that toe arganisation of the Deopl thrugls (hs myiehinecy of (Relr Governinems, 1 e redrees can be obtainsd, The c objectiona which ars wmade to the Government alding inthe constructing of thess modern highways sre: Int, Tuat it swould nJd to the centralization of powar 1nthe bands of Government,—a power aiready too large, 4d. Thit whet cuco begun each section of country wouid ezpect and dem.nd that the samo faclitiss sbould be extended to it that hed y bean_ex- tended to other sections of the ocountry. 3. That Government wid, whether in the forla of sub- sidica or otle bss been proluctive of friuds and acuudala such sa tho Crodit Moblier and tho Pacifc Mall Stesmslip swindles, dth, That it would only e sdding to the capital inveated in rins- portation Hues, which aze already thought to be sum. ciently nutaerous, Gib, That it would furnish 0o ess I3 clement iu the cheijening of trausportation whick woald easblo s fo competo with the produo. tlons of other ustivus in the markela of the world, Aud Oih Tuat e Ananciid condition of the United Htates fu not at thix time safMiciently favorabloto afford 1he oxpenso abtending the construction of extenaivoin- ternal improveaienta, s 10 suswer 10 thwo Objactfons we may state that, in rogurd 1o tho first, ikat it would b & centralize- ton of power in tho hinds of Government” It {a somewhat of an onomsly o raise 1b1s obfection when the object aought 1s 10 obtain re. liof from & centralization power,— centralization not in the handa of Government, bt fn_the bands of car- paratione, which by combination bave become, for the time belng, morw powerful than the Government, 10 regurd to the second objection, “ tuat it woild be {mpossiule to fix & hinit at which thiess (mprovements #hould atep,” wo would state that, In the opinion of your Committee, this is not s serlous objection ; that jul.lic opiuion wouid regulsts this matter, and confine t 0 the conatruction of those groat truuk lines which are alisolutely necesssry lo bind the country togother in Londs of common interest, In regard 1o the third objoction, it doen not follow Decessarily that becuuzo Government aid to publio en- terprise i the past bas Leen pruauctive of scandals and corruption_ that it should Ve 30 1n tbe fulure, suy more thaa it follows that & person who, while takiog Rocoassry exercise, mprudeutly ozposes himself once and Is waken eick i1 cousequeace thieroof, should not a socond timo guard agatust the imprudeace which «cuusoed the troubln, In regerd to tho fourth objection, * That it would only bo adding to the capltal invested I Lransporta- tion linee which are now thought to be aufticlently pumerous,” wo would Atate that this argument will only bo pit foryard by thots who sre Luleresied in malntain] Do an ng the presouc syat 1t thers y bonest advocates lands of the Sligsiraippl Valiey bave yet boea put une dar cultivution. Thoy forget thut tlie population of this couttey has stoadiiy Sucrosscd during ine lat balf century 12 8 camponnd Futio at the ratn 0f 3 por cent par anim, agd that within fhe next thiny years it will reach 100,000,000 souls, of wlich morsthan two- thirds will b o the Woitcrn States, They forget tlat ot anty will greatly increased facilitios of trans ‘portation bo required, but thot this grest people will domand that thosa fackities be mnde more perfech than those of tho present time,and that the many shall not Lo longer taxed for the benefit of the faw, 1u regard to tho objection * {hat it woula farnieh 70 easontinl clement In tho cheapenlng of tranAporia- ton,” Thote who sdvance this arguinent can hardly hopa to further fmume upon tle craduliiy of the pob lic, Tno present railway ssstom of the Duited Btaten baw been constructed with but Hitle reforence lo the requirementa of fralght 3 it 18 mado up of local rosds withs lieavy grades aud shors vurves, aud with neither {rou or rolling-stock sultabln for the economical trans. partation ot tarough freight: yeb, with thisaud tho mony other dofects §n constru:tion and operation mentioned elarwliers, it Las gradually encroached tipon the domatn of water transporiation to un extont {hat hias astonishrd all who huve witaecssed it . ‘In respouse to the objection that tho tinances of the country are ot in a condiiion to warrant the expendi- ture of money (or {ntermal fmprovemeats, we desit fo Atato that, tn the optnlon of your Cominittse, those persony who opposo the co-operation of the peoplo, {nrough the mackinery of Government, to provide imyroved trapsportation facillties, 8re opposing nol alone the only wmeans by whilth they can Do obtained, Tuit are leo oppostuic thoe aply mietiiod by which the uances of this country can bo put upos ‘s sound and proupurous Lasta, 'Tn'conclusion, your Commiltes tospoctfally ubmit (bat the remidics for the defects sud abuses iu our Present rysten of transportation must comprive tha construction, by tho Natiousl Government, or b pational ald, and with nationsl control which wi ftve reauits equivalent thereto, of anatioual fron high Seay far the moveniont of freight botween Lio graiu- rowing sections of e Wazt aud the Atlntls ses- rd; and, as sunliisry theralo, xisiog wates-lines stiould be jmproved aud such additiousl oned cos. stricted as prowitse tho best Tesults fur tho amouat of capital jurested . our Commiltee respectfully recommend that this Convention proeeut a memorisl o Congruss, siking for & Juins commiites of both Houses of GCongress be appointad to cousider 1R raport at the nox) seusion of Congrees npon_the sdvisability of eatablishing an- other Exocuttvo Depsriment of the Natiomal Govorn- tent, ta ba called the Departmest of Interaal Conye merce, which shall bo apectally charged with all mat- ating to the internal commerce of ths United Bta ‘Your Commiftea belleve that this Convention should ke u suitable expression of thess visws o ihe Con- reas of the United Btates, sud tliat each member of {hie Couvention shouid advo:ato thiem whorever sad wheusyst practicabls, tothe ead tuat & favorstls publio sentimeut may bocrostod and the great of choap transportation bo sttainod, ‘There are cectln g-neral lawe which aro practicatle, and whi ry titatw whould easct for the Feguisiion of ratirodds which ars exciusively withiu ila bordars, Under thls head we sy ouunicrate she following 3 . A low providiug s Board of ltsliway Cominlation- ers, withs powes ta rescribe o uniform systow of koop- ing rallwey accounts and with other powers sod dutles stuilar o those posss by the Rallway Com- awissfoners of Massechusctte, 2. A Taw to proveut stock inflations similar to the ong uow in aperation fu Mawachiusetts, 'S A law prouititing oficers ur Diroctors of Tailways from elther directly of indirectly owalag or becoming Sutersated (0 xny mon-o-operative fasi-freight lge, oar company, of bridge company, OF from Leing in- Sereutad in any manuer o tuo furnishing of suppliss 10 suy company with whicls they lLave oiticlal con- necugn. 4. A lsw probiLitiug rallway companies from acquis. Ivg or hoMiuy woru Tesl caluts tha is uecoasary for th operation "';.““" r;nl- mfl ‘\:::l n»m companles, or officens of VP S "ady busluoes oihier tluD task of yr et tou- poptation ororidlug (et all common carriers shall rociipt for quantiy, whollier 3 b of gnuin ot other omthouitice, and to detiver tho sameat ite dca:instion, 4."A law wsking 1t 4 peaal offense for any publly pt UF 1se tha froa pass of any Hallway ud proulliting Bailway Uompuniss from ch pasas 10 ady bul regular employss of &mnmnm represantatives of the la tho legal yrofession frum boing relatued cielthar aldo n casus whero the pULLD iecett i la= Voived. ‘All of whlck I8 Tespoctfully submitted. F, B, Tuasks, New York, * 3 Buen kLaow Lanats, Koatucky, Mook, Hluols, aiana, ofticlal to ¥, ©, Jounsox, A JOLLIFICATION. & ‘The report was reierred to the Commitles on Rosolutivus. An invitation to s banquet 8t the Grand Pacifie Hotel to-uight, from citzens of Ilhiools, was Toad and sccopted with a vate of thanks. Oo matiou of Mr, Russell, h"i it was dp- clded to visit tue Board at 13 o'clock to-day. Gav, Bross moved thae the cousideration of the Bt. Lanieuce \ator lloute bo set for 9 this woralog. g After some ducul:-lon u‘-u decided to take this matier up as the eveviug session. O motion Of J. ¥s Scammon tho Csnadian