Chicago Daily Tribune Newspaper, August 22, 1877, Page 1

e VOLUME XXXII - Tiie, Lunher, COmmer LUDINGTON, WELLS & VAN SCHAICK CO. OFFER THE WIOLESALE TRADE 16,000,000 FEET OF WELL-ASSORTED] PINE LUMBER, AND AN EQUAL AMOUNT TO ARRIVE, ALSO A LATGE STOCK OF Shingles, Lath, Pickets, Long Timher, and Cedar Posts, All lumber mapufactured by this Company (s trimmed to nniform lengths, greatly reducing-lts weight for shipment, Bonth Branch Office—Corner West Twenty-sec- ond and Loomis-sts, IMlinols Central Yard—On I, C. R, R. 8lip, foot . of South Water-st, Books, Principal Office, and P, 0. address—244 Sonth Water-st., Lnmber Exchange, Chicago. Pt R A Ll Lol Ao OFINING. PR 35 DAY. FALL FASHIONS. TO.DAY, at our oponing, ws exhibitall (tho Latest Novelties of the season In Dreas ‘Patterns for LADIES and CHILDREN, and extond a cordial Invitation to all. Pattorns cut to measure a specialty. B.T. \TAYLOR'S 8yatem of Dress Cutting + tanght, and systems for sale. L. P, WYANT, 146 State-st. GENERAL NOTICES, PENNSYLVANIA RATEROAD. Orrick or GENBRAL Fneiant AarxT, Pmivanzeenia, Aug. 17, 1877, NOTICE. Partisa baving claima for goode destroyed by mob and riot on the premisca of the Pennsylvania Rall- road Company, in the City of l’llubumh..fi\legheg, County, Pennsylvania, on July 21 and 22, 1877, are hercby notifled that if their claims are made ont according to the followingdirections, and forward. + ed to the nnderaizned, they will be examined and put Into shape and prescnted by counsel tothe roper anthoritlea of agid county Without expense the claimant, the eaid county being responaitile tothe owner of eald goods for such loxs, IT jt should be nccenasry to institute suit agninst tho cuunty, such auit will be prosccuted by counscl withont charge, opon the execution of tho proper power of -unmfl for that parpose, form of which ‘will be furnlshe DIRECTIONS. First—The name and place of residence of the owner, \Where the owner in a frm, the full namos of the individuals composing Second -The bill of lading. Third—Copy of invoice, verified by afMdavit of clalmant that it isa true copy of the same: that the goods deacribed therein were delivered to tho Company which lzsued the bill of lading, and that the purchiase price of the goods named therein was the true prce paid or agreed to bo pard therefor. Fourth—Afildavit of consignec that he pever ro- celved tho 2oods, nor any part of them. [; Tpon the above evidence bclnfi farnished by the claimant, the undersigned wil rupplement It by obtaining an afidavit of the clerk of the com- pany fssnung tho bill of Isding, showing the dste ard number of car In which the goode were shipped. and un attidavit of 8 clerk of the Pennsyivania 1tail- Juad Company, whowing the arrival of such car In o yard in Pittsburg, and the destrnce tion of sald toods und the amount of freight and charges duc thereon, . B, KINGSTON, General Freight Agent Penneylvania It. R. NOTICE Inheraby given that all County Qrders dated prior to and Incldding those dated Jaly 17, 1877, being orders numbered up (o and incloding No. 20,T86, will bo pald on prosentation, L. C. IUCK, County Treasurer, DIBOOUNT on all Garments or- dered of us during AUGUST, 1877, Our rtock of Choice Woolens for Full and Wiater now in, and Fash- fons_insued. ‘WARD BLY & 0O., Wabash-av., cor. Monroe. ‘The fine banking or humness office, 34x40 feet, sltuate Nos. 124-0 Washington-st., adjacent and most convenient to the Board of Trade. lias two Yarge vaults, and ialight and well-ventilated, RENT VERY LOWTO GUOD TENANT. Ap- piyto JONIN Q. WELLS, TRoom 20, 126 Washingion-st. HOTELS, SANDS HOUSE, ©oe block from A. T. ftewart & Co, ‘s Dry Goods Uouse, and McVicker's Theatre, $2.00 PER DAY. New House—Elegantly Furnished, city der DISCOUNT on ail Garments or- PER Fall and Winter now In, and Fash- TELAT HUSBAND OF N, PHRCENT FUSCELLANEOUS, derod of us during AUGUST, 1857, fons fesued. CENT| *sbWazso sry & co,, Wabash-ay ok after him at the Bookstores, Wo have funds to loan on cholee fmproved 102 Washingiot-st, _ QOur atock of Cholce Woolens for Wal “av., COr. Monroe. GONE WEST. FINANCIAL. roperiy at 7 t, T {red. Suwe un- BANKING HOUSE of LAZARTS §1 Chamber of Commerce, Chicago, &pymt( tolosnon Keal Estate. Produce and Pro- i, City as szdlaiciling nd Coudty O 4 Arcantlie Paper, Eaclutgd o ai Coubirics Y TAILOXL DIBCOUNT on ail Garments or- dered of us duriog AUGUST, 1877. Our stock of Choice Woolens for Fall and Winter now in, and Faab- lons fasued. EDWARD ELY & 0O., Wabash-av., cor, Monroe. AND JEWELRY, . PROCLAMATION, Owingig Temoval to Califoruta, | 1ling iy whole- S0 Sock oF Watenes saorate. L am selllng iy whale JOHN G. ASHLEMAN, 136 Btate-st. GMATES AND mANTELS, s, G Eiale; lfllull:lfll.mlllfl“k.fl TRATE s |PROBASCO & RUMNE 2U2 NTATEST. 31 COMMERC Convocation of Her Most Distinguished Disciples at Milwaukee. Annual Meeting of the Board of Trade of the United Statos, Eloquent Speech by Mayor Butler Welcoming the Delegates. Reply by the President of the National Board, Fred- erick Fraley. Great Questions of the Day Al- luded to Withont Politi- cal Equivocation. Submission of ‘the Annual Message of the Exec- utive Council. An Able Index of the Comprehane sive Scope of the Board's Deliberations. A Delcgation from the Domiaion Board of Trade Received with Cordiality. The Usual Programmeé of Sub- sidiary Festivity During the Week. A Bomowhat Extended Discussion of United States Navigation Laws, THOE MAYOR'S SPEECH. IMPORTANCE OF TIIE EVENT. 8pecial Dirpalch to The Tribune. MiLwauker, Wis., Aug. 21.—Tho National Board of Tradg commenced {ta nioth aunual scsslon heto to-day. Amoug the questions to be consldered are tho postal telegraph, national Jjurisdiction over navigable waters, the shipping interests, the Bankrupt law, specle payments, the Resumption oct, national currency, the sfl- ver question, welghts of the bushel, revision of the tarifl, excessive bonds under the Direct Im- portation act, and Canadlan rocfprocity. NEALLY ALL THE DBOARDS throughout the country are represented, and the absent delegations are expected to-morrow. Following Is a Hst of those who have reported or are coming: THE DELEGATES. Daltimore Aoard of Trade, Corn and Flour Ex- rAa:m\l?ll, B, u-,{m. J. W. Middleton, Georgo P, Williams, ’A ”°"If"|"" eph 6 Dopes, Hlamilton A, A, umer, Henry 1. Woo ol irpeporicyorris . D Frederlck ber, “fufalo~E. P, Davis, §. 8. Guthris, Chleago—John R, Denaley, J, V. Proston, Wiley M. Egan, 8. 1l McCrea, P\ . Oldershaw, g}lnr’el Counselman, William Dickinson, Robert Ginclinats Charber of Commerce—s, F. Coving- tol Lester Taylor, ‘John A. Goncau, 8, J. Villiam 1. Davis, mfl ral‘l’ Yoard of Trude~J. D. Hayes, A, C. ubuque~W, C. Chamborlaln, John T. Han- “Siticaukes Chamber of Commerce—ty, P.Mc- ‘E.m" George V. Allen, John Johnston, Chatlea s, - Ray. wark—Phineas Jones, George B. Swaln, New York Chamber of Comunerce—t. 8. T, Stranahan, Willaw E. Dodge, 8. B. Chittenden, Oliver Hovt, New York Cheap Tyansportation Association— A. T. Miller, Ambrono 8uow, Jdames 3. Barron. Phitadeiphia lioard of Trade—VFrederick Fraley, George N, Alleu, Henry Winsor, John P, Weller: 11, lenry Davi Thiladelphia Commerclal Ausoclation—C. J, Hoffman, John 1. Mechenor, 8. K. Malone, La- Tayelte Baker, Portland Board of Trade—T. C. Hersey, A, K. Sburtlef. Trenton—James Buchanan, Adam-Exton. OPENING SPEECIL The meeting was called to onderat o quarter after 13 o'clock by President Fraley. Alter pruyer by the Rev, Mr, Nichols, Mayor Butler was introducesd, and spoko as follows: GRXTLEXEN OF THE NATIONAL BoABD OF ThADE: ‘The conventlon of a Uody of meu who ropresent the great cominercial interests of the country, and its vast Industrics and accumulated wealth, would at any time aitract the attention aud excite the fu- eley, | torest af il our peopie,and itu deliborations would But, bo regarded as of greal public importance, at the present time, when commerco I8 pare alyzed, manufsctures suspended, finances ‘un- seitled, capital hoarded for _want aof active employment, aud labor ldle and unreward.- ed, when men seek public positions to securs prl. ‘vate ends, and corrupt and venal politiclans have sapped the foundalions of public morality, your cowming together will bo LOOKED T0 WITH 10PN fram all parts of the itepublic. ‘The congress in which you alt meets not on the banks of the Putomac, but on the Wi m shore of this wagnlficent inlund sea; here, lu the very cen: tre of the great agricultural region which poirs it vast wealth, through natural and srtificlal chann of trade, into tha grananes of tho great scapar here, WUERE THE MOBAL ATMOSFHERE 18 COMPATIA- TIVELY PURE, and lobby members will not obirude themselves upon you. You do not recelve (uur credentials or derive your powers from political caucuses or conventiona—nor yet from tho much-abused ballot. Your tenure of ultice Is not dependent on the whima ar caprices of politicia '8 not hang on TUE BLENDKK THHEAD OF POPULAR PAVOR. You have won your way to the places which you occupy In this commercisl congress by long and i t vice I the rouks of bankers, merchants, L anaractirers, snd tha Hle by wolch sen ot your afiices resta on virtue and Intelligence, I{ you have suy favarite policy, Itis that which will BET 1N MOTION TUE WUEELS AND SFINDLES of New England, tho furges of Pennsylvania, and the activo Interests of the Northwest,—which will releasy the Bouth from tho incubus which has rest- ed npon It fortwelve long, weary years; which will whiten the great lakes sud the” aigu roas with the sails of our merchant-arine, and give employ- ment (0 a1l the {dle men who now wunder up and down clsmorlng for work; that policy which will render capital and labor chcerful ca-workers 1 the magnifcent delds of enterprias which vpeu beforo as3 people; and you will permit me to say that 1t 1 your province, If 3t be not your duty, 70 TAK ZAD in tho eatabllshment of this great nationsl llcy which would specaily avl dangera that besel us, B y0u 6we no oblizations to any ud’ are freo to act for Lhe jatervs| your counsel will bo received with contl- ud § Gust you will spesk words of wis- TOE COUNTRY WANTS astable financial system which the people so rely y on and will confde in; it wuuts wlse legl ces On our navigotion laws, and ou Con subjecls that touch upon the msterial infcrests of tho peaple; it wants the hearty cu-operation of legirlators, cspltalists, merchants, and mh%uiu- cl Lurers, 10 an earnest, honest efort to it proaperi wanta, above all, an sce capitaland Jabor ously. E) Au."rllul GREAT INTERESTS HAVE BERN NEG- snd it ct, I will show you that our public sorv- 3::-'“: withor falled ta comprehend the nosessis the dificult problenis of the tinics, und give us vafo deliverunce from tho litical of ull the country which our law-makers will on 1 other to it o o working' together harmont- LECTED, Jou will parmit 130 1o o Inta pasticalars on tles of the country, or, comprehending them, DegIiE £nt of their dutien to the penplhf : Es BHIPPING, L sler the Negistry lawa recently recnacted In the ‘itevised Siatufes of the United Staten, no e el ean be deemed & vesne] of the United States a1 4l entitled to natloaal protection naless owned € niirely and commanded by citizens of the United ‘dtates.’ I o naturalized owner ar part owner ol o Yeenel guce o & forcien country and remains thete for two years, tho reglster af tho Yeerel In forfoited, Only vesseln huilt in the United Staten, or captured by the United Staten in War, can be recisterad. No American-bulit vessel Heeneed to sail under o foretzn flag during the Ite- bellion can be regiatered anew. No vensel can be ru;im:ud the owner or part owney of which nraal- Iylives in 8 forcign country, Vessela sold toa Torelgner ahall be considered foreign vesseln, and nat entitied to another registration if repugchased by United States citizens, 1P IT WERR DNSIRED to Impore disabilitles on the ahip-bnflding and slup-owning intereets of the conntry, it in dificnit to sec how that object wonld be more effectually Il::ump]llhul.l than by continning in force these aws— AND TET A TOLITIOAL CONVENTION in one of the New itogland States has within & few days past adopted & platform of principles in which this language is need * ARy radical change in the navigation laws, erpecially In regard to the registry and enroliment of shipping. wonld be detrimental o {he hlghest interest= of American commerce, and a damaging Diow 1o the independence of the eountry, Bat, gentlemen, THE ARSOHHING QUESTION OF LABOR {8, perhaps, at tho present time, not s=cond in importance to any anbject that shoald ennfu your attention. Capital and laber shonld he friends, and not enemles; they should work together, hand in band. and not antagonize each other, for per- netuai antagoniam batween then) must result in the destruction of hoth, and, while we cannot too gevercly condemn the violence and bloodghed that have recently disgraced the coantry In® the sup. pused Interest of Iabor, WE MUSTNOT CLOSE OUR ETES TO TIR FACT that cnpital Ja, and always has been, tyrannical and oporessive. and that Jastice has not, at all times, been done to the lavoring clas In this country, especially, labor should be dig- nificd and hogoted, for it must be in the fatare, oa it has been in the past, one of the principni sonrces of our greatness and power, and on every princl- rle of humanity and Justice we shonld inalat that he laboring man ehoald be adeqnately rawarded, ond (hat, in every vocation where capltal and labor are co-workers, the wages of labor ahoald be measured by its comparatlve valae in Lho business a8 A profit-prodacing agent. HOSPITALITY EXTENDED. Delleving that you will bring to besr npon thesa and other question of great natlonal importance your best Judgment as hislness men, and trusting that your deliberations will tend to restore the rhatiercd business Intererta of the conntry, [ heartily welcome you to our clty, and extend' to You its ceneroua Hoepltalities. (Applanse.) PRESIDENT FRALEY. HIS REPLY TO THE MATOR. i Bpecial Disprteh (o The Tribune, MiLwAUREE, Aug. 21.—In replying to. the ‘rords of the Mayor, President Fraley said: 3Mn. Mavon: mort heartily thank you in the name of the National Board of Trade for the Inter- csting, cloquent, and auggestive addreas that you h“n?undnlhemd. Yon hiave conpled wllhgonr words of welcome aunch sdmonitions to us aa bral. ness men an | think In the course of oor delibera. tiona we shall in & grent degres proft by, and that the points upon which you have so succlnctly and emphatically touched will find in the hesrts of the fentlemen liere asecmbled A IESPONSE TILAT MAY GO FORTR TO THOSK who control the zreat intereatn of this conntry, and that the words ‘you have uttered will be apread upon a thonsand wings to show their heaeficial in- fluences upon those people swhom we fo part com- mercially, and fnother great matenal interests of tha conntry, represent. I rejoice, sir, that, upon this occusion, we nssimble—~I may notway in a Western city, ‘because the Weatern: bonndary has pasned far beyond the limits of your State. . . . 1, & decp interest in theab- norbing qu ay. We beliero that tha x;ell‘l. nlerests of this country and tho prosperity o BEST UPON BOUND PINANCIAL PRINCIPLYS] that untll they are adoptcd, enforcod, and put In practicul operation, we shail have nothing in tho ‘walks of businees hut wilil confusion, uncertainty, distress, and o a greatextent prostration and ruin, We look upon THE AGRICULTURAL REGIONS of this great country o8 levers to ralso the eountry ont of a great part of it exixting embarrassment b reatoring thow wholesome rolations of trade wit! forelgn countrics to our own coun o protect any currency that may be established npon ils sureal ana best fonndstlon. Wo took to the set- tlemont of ‘TIf18 GREAT LABROR QUESTION now with pecnliar fntzrest, snd we hope that what you have sazgsted may go forth Lo the world pre- Pnn-,d to have jts Infinence in directing public at- fentlon to that Fcn qucatlon, causlng cvery man 10 ponder upon it, to sce the extent In which it roaches btm and his interests, hia children's inter. and the country's [ntereata, and that #0 each 3 :unndntknt: it1o §ta relntions to himself, and thus comparing It 1o ita great relatione with the great interests of the conntry, will see that, AS LALCR 18 TILA CHEATOR OF ALL WEALTII, 1abor should be protected by sound and wies laws, and that, forthe aettlement of questions i volring principles of labor and capital, the best | telllgence of tha country shonld be invited and in- voked, and that out of anch invitations may coma eonatderations that will lead to tha enactment of laws rullrrlngnl'hu questions of labor and capital, ‘where they confe In contact, perhaps to BOARDS OF ARBITRATION that may ascertain preciscly the questions involved a8 between the lanorer snd the capitalist BIR- geeting, In words of conriesy. wisdom, and sound advice, remedial messures’ for the accompliah- ment, that may settle—as we slwsys sotllo in this conntry—greal principles, “not by what s called compromise, in the political sensa of the term, but by compromises adapted to equit. able considerations, an: follow in all casee ¢ _AN ADMINISTRATION OF TRUX EQUITIES, 1hope that from our councls may come forth upon ail questions that you, Mr. Mayor, have touched upgo, no uncertain round; and that those ‘who are to make the Iaws and to adminlster them ‘will be prepared, #0 far as our conncils deserve to be heeded, to carry into effect the supcestions and rl;lolnui)nl that wo way deliberstely adopt. {Ap- plause. ANOTHER WELCOME. SPEECU BY THE MILWAURKE PRESIDENT. Bpectat Dispaich to The Tribune, MiLwAvKER, Aug. 21.—Immediately follow- ing the spcockea recorded in previousdispatches, Mr. Charles Ray, President of the Miiwaukes Chamber of Commerce, welcomed the Board to Milwaukee. He thought it eminently proper that the meeting In the Centenufa! year should havo been Lield fn New York, and that the first meetlug of tho new.century should have been appolated to be hield In one of the newest com- ;xemhl clttes on the cdntinent. Ho welcomed 50 “'AMERICANS LIVING UNDER ANOTOER YORM OF GOVERNMENT," whom they were happy to see smongst thom. ‘Thio speaker roforred brieQy to the necessity en- tailed on business men of attending strictly to their own branch of trade, and thought that such meetings s that of the. National Board of Trado afforded opportunities of exchange of thought otherwiss unattainable, [Applause.] HESPONBE. Presideat Fracy responded brietly, TIHE EXECUTIVE COUNCIL, . TS ANNUAL REFORT. Bpectal Diegatch 1o The Tribuns, Mruwauxss, Wis., Aug. 21.—The Secretary, Charles Randulph, read the followlng report of the Executive Couacil: The Constitutlon of the Board provides that it #ball ba the duly of the Exccutive Council to suy- mit al esch mecting of 1he body & report of its of- fcisl acta, together wilh & statement of what new or unfnisbed business way require tho stteution of the meeting; and al make such recommenda- tions as It rusy deem necessary for the welfsrd romotion of the ubjects of the Boars on usual in such reports o review, clabortcly, the prescnt status of such questions 88 Lavu been scted upon afirmatively by the budy ot aze still under iis canvlucration, Fhe chlef ubject bad in vicw fu the organization of the Nallonal Board of Trade waa to make i3 the uicdium of 1hs united espression of wuch commer- clal assoclations us might be represented in its wembership oo questivus aflecting the commion interests of all; und it was belioved taat 1hrough the choaen representatives of the suveral local or- gauizatious, after & full discussion of Luu questions copmidered, such o barmonizing of condicting views wmight be reached as would render the ex- pressions of the Buard—on watters requiring oither & general commercial concurrence and tion, ur ub such as sro dependent on leg 0n, elther State ve National—entitled to considerstion, ju_urder that fle action 1ay sccure cater woasuro of respect, its constitution wisely provides that tu carry its indorsement of pronoalilous of geucral concesn, 8 Lwo-\gurds volo aball oo uscessary. Perfect unaslnity smoog fo- telligent wicn ou such questions as are likely 10 Le brought befure body of this character may not in all cascs baatiatnable or ressonsbly ezpected. but 1t bas becn gratifying to observe Lhat lnlllrll Bumber of instanced, aud on questions of the greatest 1mportance, oven this bas been arrived at, while bat few have ever beun concurred Luby & bare constitutiousl vote. 1t Is slso squally grati- fring, in reviewlng s bistory for. tng Pasb nlae Jears, ©lwerve bow Ll the wlse results which has more or lesa o of e @hicage Daily CHICAGO, WEDNESDAY. AUGUST 22, 1877. ! ita action has been shown by subeequent events to have been fli-advieed, or ita recommendations unwonnd. Its history has been mineularly free from efforta ta ntilize it for the promution of special or sectional interests, and but few propmitions of this chaeacter have ever heen presented for Iur consideration or approval, 1tx misston 15 til) 1o =levate and benefit, 3o brat it may, the eommercis] and induatria) interesta of our common country, and 17 1t can by sugzestion or recommenidation be in Iln{ degree instrumental in bringing shout practical reforme in customs ne Inws, the end will amply justify ita bonorable eflortn in that behalf. Tinmediately on the adjonrnment, or daring the aensions of the Doard st’ New York, memorials 1n your behall were tranamitted to Congress in re. rpact to measnres (Bat had received your spproval, and which were at that time pending tn Congress, with & prooability that actlon wonld be taken bee fore the closc of ihe seasion, then aupposed to be near at hand. Incioded n these were fhe expres. #ions of the Board on the proposition for Increae. ing the amopnt for which eiiver cotn should be a leeal tender Stne re-establishment of the fast mail service hetween the East ond the Weat; s revision of the ustionsl Bankrupt Jaw, and ubject af reciprocal trade relations between the United States and the Dominion of Canada, and also with the ’entral and South American Stal Nodefinite or fnal actlon was fiad by Congress on any of these questiona al that time, nor has there heen rince. LIGHT-MOUSE 8YATEM OF GREAT BIITAIN, The actton of the Board on the aubject of the {llivera] and hurdensome rtrulluunl of the Britinh Govérnment in respect Lo the [Ight-house syatem, !mhflc(nxl rerolution requestinz the Prenldent of the Unised Ytatea to take measures to aiain hriug 1hat rubject to the attention of the proper authorl- tiea af Great Biitain, with a view of secaring 1m- munity, at least to the shipping intereats of the United 'States, from the further payment of the light ducs 1mposcd, was, soun after the adjourn. ment of the loard, communicated to hls Excel. lency the Presigent, and was courtcously acknovwl- cdged by Secretary Fish, with the ananrance that it should receive duo conafderation. Since the fnai- zuraton of the new Adminixtration, this subject las again been urzed wpon the State Depart. ment, and Becretary Lvarta has indicated that it shoald reccive lupmyflnlc aitention by the Guvernment. Somn of the constitus ent bodien of the Hoard hiave also jolned In bring. 1ng this question to the notice of the. Administra. tion, and have pressed tbe necessity of action In respect o it, 1L I8 hoped that, facilitated by (he cordial relations at present cxlating belween the two Governuienta, early and favorable sction may be taken, resultingin the entire abandonment by Grest Brtaln of tnis nonrecinrocal tax, CONGRESSIONAL ACTION SOUGHT. Durinc a sortes of sessions by the Couneil held at Waahingtou, in December last, nearly all sub- Jecta suggesting Congreealons) actlon that had re. cently received tue approval of the Hoard werg presented to Corgress by memotal, and urzed upon the apprapriate Commltices with such force a8 wan docined saitable, or as the Council was able tocommand, An exception to mattors so present- ed was the question of the CURRENCY AND PINANCES OF TIIE COUNTRY. Atthat time, and indeed during the whole of the lsst session of Congress, other matters of creat public Importance vere abtorbing su lquu 2 pol tion of ita nttention that the Councll were {mpre cd with the conviction that hut littic If any action woald be had un this jmportast rubject. The re- tirtng wembera scomaed little tnclined to take def- inite action, or to adopt any pormanent policy as to details, evidently preferring to leava ita dlsposi- tion to thelr successors. Under theso circum- stances it was not decmed wiso to press upon uh- witling listeners arguments that were likely to pro- duce batittie effect. Nothing of an {mpartant character in reepect 1o the arranzements Lelleved 10 be neceneary for the final consummation of a re- tarn to specie payments by the country han been accomplished beyond the orovisions of the prelin. inary act of January, 1875, and the question ro. mains to-day as ut (he lust mectinz of this Board. The date fixed by law for the redemption n coin of the circulating notes Isened by the Governmént is rapidly approacalug; an yet, howeser, but littlc preparatfon has been made for an event burdened with so much reaponsibllity to the Government, and so much of interest to'the welfare of the ple. | The general credit of the nativn, as Imlr:l ed by the market-valoe of te fonded mecurities, and the diminished dlscount of its flonting or cue- rency Indebtedness, has been greatly improved, Wwhile the atatus of ont forelgn trade relations aur- inz the laat flscal year bas been much more favors able to our exchanges than ever befure, and fs highly gratitying, " The livm:nl tndustriea of the country, bowever, remalu greatly depressod. Capital aiill stands alouf from = enierptives invoiving its permancnt nse In promoung thuse lnduatrics, and as a result labor Is laa large ex- tent uncmployed, or at best empla'venl At rearcely remuncrative rates. Evidences of o slowly re- turning prospenty are not cutirely wanting; but the people are bocoming rostive under tho lon, delsy of lhe hoped:for recovery. Buggeste remedics for the prescat condition of distrust aud depreesion are abundant, and are Isbarjonslyarged npon the pubile attention; but #o far none‘reems to command so xilcmmlm approval as to Indicate dtas that upon which the judgment of the masscs of intelligent men can rely as sure. or likely, to restore condence, relnvigorats tho prosirated’ in- dustries of tho country,” and bring back to the people a cundltfon of graeral prosperity, While it is andoubtedly troe that there ia a fack of unanimity in public_sentiment touching the specific remedy for the fnanclal uncertalntien un- er which the country fs euffering, there cxlsts a widespread, f not ualvereal, conviction that the policy, orlack of policy, maintained by the Gov. ernment in rugut tothe currency islargely re- lgflnl“fll for the feoling of unrestand hesitation that 10 sa gresl an exient pervades the public mind snd tends to plr‘l:{le the Industrial enter- prisea of the counlry, Bince the lato dechne In fanfirfl vAliies fet In, capitalists have, toa very arge estent, refrained from investmentas, awalting the time when. in their judzment, a given number of thelr doliare will be exchangeaoic for the largest atnount of other property. They have obecrved that dollara were gradually "becoming mare valuable, compared with them, vther property was 1y shrinking. When they ahall be satis- the point they have been a0 long waiting for has been reached, exchanges will be resumed, and nat till then may we expect to tlde of actlvity In commercial affal of thosa enterprises the prorecution casential to the general pros The deecent from the nom| ersof Sutrency f which aru enity of the country. inal “values of the late inflation and ite stiendant specula- tlon, while anticipated by all thoughtful men, sud in a peneral way universally sdmitted to be a nrfl‘lllli in “returning 10 sound financlal methods, has proved mora violent than was generally expected, and. in_the individua! sp. Plication of 11s efects has resolied in nuch embar- rassment, In a h'fi: number of instaaces the shrinkage hes absorbed all the nominal valae of property above its ircumbrances, leaving many whu were supposed to ba possoesed of respectablo or large estiles substantially or wholly ruined in fortune. That the depreciation in many cares hus been unneccasarily Jarge la probably quite true, and great bardships bave been suffired frony the preasiire 10 reallzc by creditors distrustful of thetr ullimat it Any remedy for theso evils tificls] process of stimulating or ¥ tho Incrense or continned lo” paper currency only in- prolaniation of the dificulty, ‘and inded. stponce the time when we' can hops to e bisincas of the country on a relfablo and safc basls. Tue cost of reatoring our financial affalrs (0 8 sound basis having been subsiantislly paid, It would scem moat suicldal now 1o retreat, when by the application of a little more patienco we are wilhin easy reach of & consummation so desirable. ‘The present Indications polut to s mostabundant vicld of the nroducta of gur sgriculturiete, and with an utcs-u:man{ 3 prospect of demand for them, reaulting in part from the distorbed condi- tiug of oar principal competitors |u Europe, the country may reasonsbly hope 10 retain a balanice of foreign teade in our favor that will greatly fucill- (-tnnnlha accumulation aud retentlon of coin in the country. To seck to check & further deprecistion In values than that ady realized lo sualarmingan extent, and to fosuill & confidence In the early retutn of nblic pm'rfl 7, should be the Aret duty of the ntelligent leglalntor, and if thls Loard can, with & good degreo of unanimity, suggest imncasures cal- culated to accomplian this ead, it can do tha coun- try much service, and will be entitied to the gen- eral commendation, Several proporitions aze presented on the ofiicial progranime relating 10 thesa questions; their care- ful conuderation “{s rommended to' yoar best thoughts and woat earnoest aticntion, DEPANTMENT OF CONMEECE. At the Iaal meeting of tho Hoard the Council jwas instructed to renow its eflorts to securo the early eetablishment of a Dopartaient of Trade and Com- pierce, aad 10 request that the several conrtituent bodles co-operata n urging this laportant rubject tieation of Congress, Your{nstruction st bave been Tully obecrved; beetde presenting memoriale (o both branches of the Na- tonal Legislature, the Council wers favored by a conference 0o the subject with the Commities on Cowwerce of the House of Hyprescntatives, & shular conferenca having previvusly been granted h{ the correspouding Committee of the Sens ate. In prescatlng this subject either o Congress or ta fhe couutry, the Board always found serio obstacles, in sume cascs amiouniing to a ea prejudice, 3gainst tho proposition. Theas huve usually beciy based on ona ur both of two oojectlony, nimely: aa slleged or supposed necessity for & material in- creass of the nuinber of odiclals or cmployus, snd consequently of expense to the Uovernment, the diversion of tho power and patronage of exlst- log Depariments, To the first of these objections. which, If well founded. {t may be admitted iv wost scrious, it Is urged that auy detsiled suceatiuns mado by tois Board on the subject bavo always bad lu view ihe tranafer to the proposcd. D uso of an irr surcs the nitel without wa- locreasing the expcose attending it sBall rellove existing Departuents, cape- cially hat of the Treasury. of & vast amount of detail, which. owing to_the press of other datles, 24 100 busiacas 16 now 1nmfimd, is Trom necea: sity more or less peglected. Heuco it has been uried repeated) by Abls oaru, sud by the Execy- tive Councll in {ts bebalf, that the great Swport ance of the agricuitural, commereclal, manaf: turing. and mining intererts of the countey imper Atively drmanda a netter and more thorongh reco; nition and a mare harmonjons control—in so far It 14 properly and constitutionsily sithin the province of the Gencral Goverament to extend to them any rapervision—than can be expected vndep existing laws. Ta the recond objection the Coun- cil ean only {uterpose the hove that with deeiranle, 1 not lmfllnlr‘l{ necesnary, reforms fn the methods af distnbuting Federal patronags it will cease to be regarded, elther by members of Cnnfreu orof the Administration, 28 {n any desree valid, The Councii helleve now, a¢ heretofore, that the sauption uf s measure In substanco similar to the bill uppro.ed hy this Board I 1873 - woald be of incaiculable betiefit to the various interests allected thereby, Every year develops soma new festures in respect ta the internal buriness and trade of the country that recm {0 demand the recognition and aid or Aupervision of such a department 1t I3 hoved that at an esrly day Congresa and the coantry nay bo brought to racognize Ita necessity and Impartance. CANADIAN RECIPROCITY. Al the Iast two sesnions of the Board resolstions were adonted with great onanimity saking Con. ress to grant aulhm‘ll‘yla the Presidentof the nited States to appolnt Commiseloners for the purpose of conferrinz with similar Commissioners on thie part of the Britieb and Dumiaion Govern. mente, With & view of arranging the details of & treaty for reciprocal trade” with Cansds, snd e«pecial patns were taken to nrge this pubject upon the attention of Conzress. The Connenl have o report their regret that their eforts in supplerent- ing the ahle urznnients in upport of t ¥ its many warm friends [n Congres en unavalling, nothing nmnf an yet been accom- plished in'this direction, 1t masy be proper to re- maric that a majority of the Taie Commnilttee on Commerce of the Ifouse of Revresentatives, for nome unknown reason, eeem inclined lo ignore his tmportant snhbject, and there was little Ym'- ect of securing from them & report favorable to t. Its friends, however, continued to press it, an gpportanity offered, uvon tho atiention of the Hnnae, but withont succens. ‘The pubject 1s agatn presented for the considera. tion of this mertinz. The I!mym!lllnn has 0 u: fornly reccived the npproval of the commerelal 1 tereats of both this conntry and Canada that it would seem it shionld have been more favorably eatertained by the Government. and it [s hoped that, If properly prerented to the new Conzresa, it may yet wecire that consideration to which it §s Juatlyentitled, REVISION OF THX KEVENTE LAWS. At the mceting of the Board at New York. reso- lutions were adopted requesting that Congrews take measures for the thorough revision of the fevenue laws of the country, both those relating to the daties on impneta and those Imposing inter- nal tazes. AL the present lme, under the de. presting influences of stagoation' in trade, no question [s attrscting more attention than tisat of taxation In the various forme 1n_which It has come o be imposed. That the present lawa regulating dutles on imports are inkarmoniour, unnecesasrily coniplicated, and targely unsatisfactory to all clonses of political economints, fn pertiaps gen- erally conccded. They arc the ontgrowth of a mulsiplicity of influences whose operations have been applied in the way of amendments to pre. vioualy exiating laws during the past few years of ihe Government's necesnity for Iargely incresaed reventics. The proper adjustment of these laws |n 8 subject of the deepent thterest alike to the agrl- culturist, the manufacturer, the merehant, and the courgmer; their further amendnient in mlrcl 10 particular features or provisions would be likely to result in still further complications and embar- ramement: hence, this Dosrd bas repeatealy sug- feated and urged thelr entire revision, made in the ntcroat of the whole people, and twith s single ex- ception (in rewpect to duties tnpossd on packages and commiselons), 1t has refrained from asking for speclal modifications, or in respect to specitc lems. 1t 14 belleved that the influences which induced the fxing of the rutes of dntics on many classes of poode, and the pecalise manner in which they are sumetinics adjusied, havo been undnly considered, resulting to the -dmnu?u of apecial tnicreats rath- er than to the weifare of the Uovernment of of the people at large. The Conucil arc well aware of the fact that to equitably adjust the detalls of w tariff of autles that shall produce the neceasary revenue, legiti- mately encourge our home indosirics, 80 28 to give cmploymenl, as far s it can conatentiy be done, to the artisan snd laborer In our own,_ midst, and at tbe snme time not impose on otic peaple unnecess ary and hiurdensome taxation, fe u delteate and complicated lanar, requiring the Intelligent conaid- eration of those skilled in all the multiform bear. inge of the aubject, and they have most cordially approved the resolutions of the Board recommend- inif the appoiutment of a commIsaion of intelligent, pruciical. and thoroughly.insitucted persuna for e purpose of reporting dn entire revision of the exhlmg tariff Iswa; aud they yet enteriain the hape that the wisdol of such s measatg, pay bo recognized and acted npon by Congress. The 1nternal revenue lawe have, since theirin- troduction into our system of tazation, been s rource of much annoyance, in inany reapects not Juetided by the revenue actually realzed from tnelrcontinued enforcement: and ae it s belleved they biave tended ina great degree 1o the demoralis zatlon of tne channels of Lusiness and of large numbers of the people, both oMclals and tax. payers, it {4 hoped they may be adated as nplm{ 8s the finaucial condition’ of the Treasury will porinit, and 1n the meantime be s0 modided as to present the minimum of temptation to their eva- slon, BTATE LECISLATION. In accordance with the instructions of the Doard, memorials were duly forwarded 1o the Legisla- tures of the several Stales on the subject of the unifcation of their reapective Jaws relating to trade and commorce; and also favonng the cstab- lishment of BCIEXTIPIC SCHOOLS, where workmen and thelr children may receive such technical nstruction as may improve and cre- ate skilled labor. The laller of these propositions has becomo invested with a uew interest by the ru- cent developments in respoct to the Iabor question in thts country.' The manace in which ali classca of aggreuated labor has become organized within the pust few years, the well-known attempts of skilied artizans to control the supply of competit- ore in their several branches, by confining the nam- ber of tearners within limite dictated by them- selves, and the lamentable Inetliciency ‘of large numbers of our so-calied mechanlcs, in ccnse- quence of the lack of Erupu instruction In early lite for the calling lhe{ ave ldofilc‘l In morc sg- vanced yeurs, on the ono hand; and onthe other the tendency to consotld capital snd ndividual {nterosts” into great corporations, ene abling cmployers to moro cfcctnally prescrive the terme and compensation of labor, and st the same time, by destroying the personality of the ciploys er, serfonsly weskening that bond of homan sym- patby which should ever exist between the more and the lews favored portions of society, together with fae [requently recurring unjuss demands of capital upon labur, and of labor upon capital, the former iniciluy privation and at times great ale- trees upon the poorer cla<aes, the latter often ace companied by acts of Intimidation, violence, an destruction of life and property, are features of the general question of labor that may properly attach 1o it & large share of public attention, and render 1t 8 subject well worthy tha most serfous centemplation uf the Christian, the statesman, and the philanthroplat. The gemus of our form of Government, and ono of ite highest dutics, fs W promote the ulmost free- dom ou the part uf each individual to ldart th employment, within the range of his abllitics, which s 1nual congenlal Lo hie taste d of the modl fmperative dutias of Government lo protect its citizens 10 the enjoyment of theif right o pursue sy honorable calling without let”or lindrance fro others. Whilo sll lawe should, as far an possible, be so framed as to rlultc\ the weak agalnst the strong:, either phyaically, mentally, or fuancially, they would sink into merited conteinpt it tney [ailed ta prot, unlclll-n'llmcommunllg. whetner ae individuale or corpal o unjust dictation of another class, especislly if such ‘Hcmlon be attempted in the form of mob vio- ence. ‘The true interests of capital and labor are a0 Identical, 88 to ultimate results, that there would seei Lo ba no oceasion for wartare belween their runrescntatives, and [t ie siuceraly to be huped that the experlence of past conficta, resuiting as they have, and must ever do, in serious Joss and bitter fecliuge, may effcctuslly teach both that Juelr ighest intcrests ura bost promoted by dial co-operation in cflorts to rewmedy existii or mlsapprehensions, and s unity of purposa each in bis resvective sphore of empioyer and employed to Larmonize conficting viows and intcrests on thowe princlples of justice aud equity that shoold obtsin under circumsiauces of 80 much niutnal ge- pendence, Lawa uiay bo of little avail in adjust. - lug questions of thia character, but an enlighicned sentiment ~ can well becomes order and publlc accomplish ~ much, and the friends of sucial it to famillarize themselves, as {3 yo- ILle, with (he werits of the varfous questiuns of conflict between the represcatatives of capital and labor, and seck b’y erery legitttuate fnflucnce to barmonize the claims of disputants, capecially when thelr mise unlerstandinge affect tha prosperity of the whols l.‘ulunwnll,. A notabfe featnro of the late demonatrations in the name of labor was the large provortlon of idle youlh cagazed in notous proceedings. Could 5 2 these by guthercd 1uto schuols such ns were sug- gewted by the resolution of the Board, or uther- Wise be spprenticed to svwe mechanical pursult, they woul edily becoine Bited for usefulnesa In society and a“lifc creditable to themsclyes, ratlier than as they nuw are, promising ca: ites for the dram-shop and tho Peniteatiary, UNIFOKM GLADING OF GRAIN, The resoiution of the licard, adopted on the mo- ton of the Produce® Exchange of New York, pro- ¥iding for the #ppuintinent ol dve Commissioners for thie purposs of dovising & systew for Lhe uale form grading of craln, was cooiplicd with ay the pamlog of such Commlseioners Ly the Presideat, the sclections belng made on the recommendation ©of constitueat bodics in the Citics of New York, Fhiladciphls, Baltimore, Chicagu, sud Milwaukee. Thess gentiemen were duly advised of their ap- rfllnlmenl.lm\ ihat they wero expected to proceed u copsiderlug subject in wuch & msnneras would be moat agreeabls tu themselves; but no ro- port bas been recalved that they bavo tazen any action on the subject. KAILROAD TRANSPORTATION. On the question of railrusd transportation, the sction of tho Boazd at the last wecting wasol o Tribmne, declaratory charactar, and did not seem to_eall for #pecial action on the part of the Coancil, The gene: bjeet of transportation [n its various phas recelved a largo abare of the attention of th rd, Baving been more or lras considered at every meetluil(nce Ita organizatian, The cra of high charges han in many inaiances, cenecially nn the great iines of inter-State trafiic. heen anc- ceeded by tates formerly deemed wholly inndequate for the eervice. and the popular sympathy would Bow perliaps bo more properly, cxtended to the car- ricta than to their patrons. The moden of man- agement of many of oar grest rallway lines are, however. an much n auhject of popular criticism now ag In the recent past, tnongh for differcnt reas son. It hecoma anparent that o the daya of sup- posed high prusperity Jargs smounts of urr(ul were Injudiclonsly invested in railway enterpriv beaides, many of the lines were made to represent yart amonnts of money nover actuslly invested In them, while on nearly all thome conatructed, ex- tended, of hmproved within the past fifteen senrs the acinal espenditure has been upon a barie of cost that the present depreragd canditiun of the business Intereata of the country docd not warrant, and upon which & fair_retnrn” of dividends need not now he expccted. Many bave been forced intn bankruptcy, thelr nomionl canitsl as represented Ly stock being partly ar wnolly extinguished, These ut prescnt are’ ojerated n the interest of their funded creditorn, {beir manogement in many Instances appatently siming to make but little 1f snythiug over current eoxpenses. They arc in’ nctive competition with ines strug- gling to esrn dividends npon thelr full nominal capitallzation forcine the latter ta maintain 8 mort unequal contest; 80 that it has be- come & serions question whether, in the cantinued sbsence of & hearty and_honcet co-operation as to other lines as yet in a suppored condition of » vency may not be forced by voluntary or compul- ¢ory means Inta an_early liquidation that shail re- suit In the niter annilnlulion of alarge portlon of their capita now represented. The system of * warfare prevalent during the past two years or more has been conducted with but little regard to equitice, but rather upun the orinciple of accept- inrr business upon the best termn obtainable, frre. spective of chiarges made to ather parties of com. munitics for aimilur soevice, Unrettled and fluctuating rates of traneportation tend (o derange all commercial caleulastions and distarh, Im]lllll{. tbe values of all commodities rubject tothelr influence. Vhe resuits of condoct- ing business for an inadequate compensation dis-* tarbe and depreciates the value of labor, produc- ing_dlesatisfaction aad turbolence amanz those engaged in it, a8 has been recently most prinfully brought to the public attention. ~ Asno member of the human cady can suffer without produclng more or lers of an effect npon its fellows, o no great in- tercrest fn the community can lons endure serfous financial depression wittiont its withering elfects bing felt by some ot all ulber interesis, 1t Is hoped the expertence of the pact may In- duce an era of wiser counrels in rerpect 0 railway managenoni, and that a spurit of fare deailng by the cempanics, both amon? themacives and with the public, may at sn carly day ruperrede (he methuds Hmcu have no long prevalicd on this great ques- on, IILLS OP LADING AND STURAUE RECEIPTS. The rubject of reform fn blils of iading, both by rall and by water, In Intimstely connected with that of trananortation, —in fact I a partof it. In accordance with the resolution of the llvand, the Conncil have given this guecstion atlention, but— anaiting the report of w comniitlee of their num- ber Lo whom it was referred—have as yet tuken no deduite action, The attention of the several con- stitgent hodics waa called to a comprehensive act by the legislatare of Msryland on the subject of rallruad and storage recoipts, with the saggestion that esch endeavor to Iufinence similar enaciments in taelr respective States, In case such doea not already exist. DOMINION DNOARD OP TRADE. At the meeting of the Dumtniun Duard of Trade lield at Ottawa, in January t. this bod ywas represented by Vice-Preeidents Dorr, Hayes, and Mervey; Mesars. Brigham and Baics, of Boston: Tarstone, of Buffalo; and Giroum. of New Yurl The report of the mecting shown that these gentl men were cunrtcansly received by unr Cavadian brethren, and participated with them in the d) #lon of questions of common interert. An Invita- tion has, as usual, Lucn extended to the Dowinton Hoard to deicgute representatives to be present at this meeting. aad it is hoped we shall have the plessure of aguin welcoming them ta our counsels. OTHER QURSTIONS TO BE CONSIDERED. ‘The vfiiclal programme of sabjocts to be consld- ered st the present mecting embraces questivng bieldes those already nlluded to, of mock com mercial intereat. These will doubllesa bo pre sented by the reprcsentatives of tho bodies pro. rul!ng them in such a way as to insure your carcs ul consideration: and the Cooncil respectfully ask at_your hande that deliberstion of thought and candor of expression on sall %Ileiflnns that may come before the meeting that has slways chamc- terized the Frocndlngl of this Hoard, ‘and by which alone 1i can hupe to have influence with the pudlic seutiment of the country, MISCELLANEOUS PROCEED- = INGS. A CONATITUTIONAL AMENDMENT. Special Dispaic 1o The Tridune. MiLwACKEE, Aug. 21.—The frst business in order was the election of oflicers, but the Presi- dent eald that, since a chango of programme bad been suggested, it might be sdvisable to bave an cxpression of opinion before actiun was taken. The Secretary then read the following amend. ment to the Constitution reported by n Speciul Committee at the last meeting of the Board: TIE PROPOSED AMENDMENT, W fimlnfl Sec, 1of Art, IV, so that It shall read aa ollows: **The admintstration of the affalrs of the Doard shall be vested In s President, a First and Second Vice-P'renident, and an Execatire Council, of which the President and Vice-Presidents aliall bo ex-ofticlo members. The other members of the Ezxecative Council shall be ten delegates, to be elecicd at large by the Doard, ana une member from each constituent body, o be chosen aa here- in after provided. Tcn meinbers of the Exzecutive Councll shall bo 8 quorum for the transaction of Lusing Tho President, two Vice-residents, and ten members at large ahall be elccted at each general meeting of the Boand. Thelr election shall be by ballot, and & majority of all votes cant shinil bo necensary to achoice, ‘Thelr election shall be the first business in ordor, after the submisaton af the reporta of thy Conncll. disability “of the President, dent—having precodence i ordar—shal ve in s ate the Preaigent n the bath of Vice-Prosidents, the Ixecn. tive Councll shall designate one of their number (o servo s President pro iempore of both the Loard and the Exccutive Council, Tle representatives of constituent bodies, who ahall scrvess members of the Execotive Conncll, may be desiguuted by the associstions they respeciively revrescut, of may be cioacn by eaca delezation lu atiendance at any meeting of the Huard, who sball at such meet- {ngcertify fn writiog to the Secreiary the appolnt. ment of the delegatos a0 desiguated or chosen; in casc of thi ulance of but one delegata representing & conetitucnt budy. he shall be ez o gicio a member of the Executive Councll. Whenaver any subject of grea\ hnportance shall require such early action that there shall not be time Lo couvene the "Board for Ils action thereon, tho Exzecutive Council shall have power lo act fully and con- clusively on such subject, and shall report thele action al the next ensuing mecting of the Board.™ POSTFONED INDEFINITELY. Unanimous consent was required for ita con- slderation, and, objection belng made, Wiley M. E¢an, of Chicago, hoped ft would be withdrawn, since e destred to move to post- pone the matter indefinitely. ‘The objection was withdrawn, and Mr, Egan's motlon was unanimously agreed to. GANADA, A aelegatlon from the Dominlon Board of Trade wcre fntroduced st this juncturs, aud welcomed by President Fraley, who said thelr intercsts were soclosely identified that, although they lived uuder a differcut Goverument, they were brethren. [Applause.] MR, BHOWN REAPONDED for the delegation, saying that tho people of Canada bad the fnest fecling toward thoso of the United Btates, and expresslog the hope that the day would never come when there would be any other rivalry than commervlal. TOB NAMES OP THN GENTLEMEN wore: Adan Brown, Presideat of the Dominfon Board, Hamllton, Ont.; Johu King, Vice-Presi- deat Dominion Board, Montreal; W. J. Puttor- sun, Becretary Dowlulun Board, Montreal; W, W, Ogilvie, Montreal Corn Exchange; ‘Thomas White, Jr., Montreal Board of Trade; W, E. Bantord, Hamiltou Board of Trade; John Gil- lesple and W. B. Hamliton, Toronto Board of Trade. 3 3 s Vi thelr nnmerica) 5 aud ME. HILL, OF BOSTON, offercd & reqolution according them seats and lovitiog them to participate o tho deliberations; and also that the Chair appolgt a committee of scven to meet with the delegation, snd that the questlon of Canadian reciprocity be referred to theuw for consideration aad raport. It was adopted, and the following geotlemen wero named as the committes: Messrs. Hill, McLaren, Btragshan, Egan, Dorr, Hayes, and Bayard. BLECTION OF OPFICERS. An eloctiou of officers of the Board for the ensuing year then took place, with the follow- ing result: Preslucnt, Frederick J. Fruley; Vi LAy g i s _) JO 4y < SN 1, g 3 2% PR{** FIVE CENTS. Vice-Presidents, R. B. Bayard,' Hamflton A. nul, E. B. Dorr, Willey M. Egan, 8, F, Cow Ington, J. D, Hayes, W. C. Chamberlain, W, P, McLaren, J. 8. 8tranahan, Ambross 8now, C.J. Hoffman, Adam Exton, Thomss E. Hersey, Phineas Jones. MR. DORR, from the Committee who attended the meeting of the Dominlon Board of Trade at Ottaws, Can, in January last, reported that the Come mittee had been well treated, both socially and by the Board, and that they found the best of good fecling to provall on the part of thelr brethren over the line. GREAT BRITAIN. ‘The Becretary read an Invitation from the Na- tional Assoclation of Chambers of Commerce of Great Britain to the Board to send delegates to the annual meeting at Hull, Eng., In Sep- tember next. The Becretary was Instructed to acknowledge the communication, and 1t was agreed that it any delezate shonld be about to visit England he should be accredited to the Board. INVITATIONS ‘were recelved thefrom Iady managers of the Ine dustrial Bchool to attend s lawn-party this (Tuesday) evening, and from the Northwestern Trausportation Company to indulze fn a boat- ride on Wednesday afternoon, and were accepted with thanks. Mr. Ray, on behalf of the Milwankee Chame ber of Commerec, favited the Board to a drive out to the National Asylum on Thursday af- ternoon at the closo of business, and to & ban- quet in the evenlog. The Board decided to accept with thanks. AGRICULTURAL TELEGRAMB. By recommendation of the Executive Councdl, a resolution was placed an the docket request- fng that Coniress make the Burcau of * Tele- grams and Revorta for the Benefit of Commerce and Agriculture}” a dlstinct and permancnt bureau of the War Department, with' such Ine creased appropriation as may insurc and maine tain the acrvice in ita present state of efMciency, and that the service be {ncreased by sdditions tothe number of ita stations and observers, in order that it may more nearly approach that perfection In local ohservation which 1s greatly to be desired. . LUMBEI, Mr. John A. Gano, of New York, offered the following, which was put on the programme: In view of the rapid consumption of lomber iz the United States, and of the fact that a tan duty upon an article 0 necensary in the manafacturln #nd commercial Interests of the country 14 one of the nioet odlous featagen of class lezislation, bo it Jesolted, Teat the National Hoard of Traue r spectfully racommend o the Congross uf the United Statea 8 consideration of the propriety of abolishing all duty npon lnmber. toapply at nch thine in the variy future as moy least distort values of mocks of cat lumber existing at tho time the act shall go into effect. POSTAL TELBGRATTIY, Cousideration of a propositiun relating to the postal telezraph was postponed temporarily. MARITIME, A CLEAUER DEFINITION OF NATIONAL JURIS DICTION WANTED. Special Dispatch 1o The Tribuse, MiLwavkee, Aug. 2L.—A resolution sub- mitted by the Phlladelphis Board of Trade, aa follows: * Resolred, That the Natlomal Gov- ernment should assert und dellne fts jurisdic- tlon over the navigable waters of our country, its lakes, rivers, Lays, and harbors, was next taken up. MIt, WINBOR, OF PILADEPTIA, supported Lo resolution, and sald that o the rivers and larbors of tho East wrecks were al- lowed to remaln in dangerous positions, in con- sequence of the contlict of jurisdiction he tween the Btates bardering ou’ their watera, Ile thought that the Gencral Government which bullt forts for thelr defensc, breakwatcrs and lighthouses for tho protection of the mariner, and did so much eencrally for these watcrs, should be given full and absolute juris- diction over them. At present the United States, before it could erect n lighthouse, had to obtaln permission to o so and to scqulre the land from the States. Tho speaker gave . AN AMUSING INSTANCE of this kind, where the encineer in charge had to describe a spot In Delawarc Bay on which it was proposed to place a lighthonso as belog six miles distant from the nearest pofot of land, ete. The Legtslature of New Jersey then fn- structed the Goverdor of that Btate to grant title to the plece of land so described, and the deed was solemnly recorded, MR, RoPxs moved that the resolution be embodled in a me. morial to be presented to Congress by the Ex-' ceutive Council. MR. BXOW sald that in New York Bay the States adjoining werc compelied to reniove wreeks within theie jurisdiciion, All rights not reserved by the ! States vested In tho General Government, | and this right could not be allenated, thought the matter was nat one which should take up ut present as u body, i MH. WIN2OR EXFLAINED that tho matter was suro to e up befors they He | m Congress at 1ta next sesslon, and ft_would ba well to let that body know how the Board felt on this important question. TR NEXT FROPOSITION— ‘*the removal of disabilities from the ship-bulld- ing and ship-owning interests of the country *'— was taken up. Mr. Hlll offered the followini: Resoired, That in the Judgment of th tional ; Board of Trade the navigailon laws of the Uuited States which forbid registration under thy Ameri. can flag to foreign vessels purchissed and owned by American citizens, haye not valy falicdto yleld the n:lvu;)u expected from the ship-bu !nlprlfll. but bave also contnbuted to the serious decline, and aimost threstened extlnction, of the American ship-owning interest, and (0 the oceans careying trade of the United Stales. veoired, That the imuwediatc repesl of these laws, b{kzhlnx encourageinent to American citi- z4ns ta becomo ship-owners and to engage In the torelgn commerce of the country, would couduce Al10 to the permanent prospenty of the ship bullders of tho United States, HKesolred, That he immediate repesl of thess laws wonld ofler the bestinducement which the Uovernmeat could hola out to American citizens ta enter into conspetition with the cltizens of other couniries for & proper share of the vast ateam traticof the Atlantic Ucesn. now carried on almost exc| dnder other fNlage than onr own, , “‘I'hist woen the customs tari® of th TUnited States comes before Cungress for consldel atlon and revision care should be taken that thi ship-bullder is placed on as fsvoradle fouting as racticadle In the lwportation of such material as t 18 necessary for hiia Lo procure from abroad, M. BILL . sald that the shipping 1nterests of the United States, which had made such wonderful strides durfug the first half of tho century, bad fallen off, and had actually relro‘irnded since 1835, ‘This he supported by statlstics prepared by Dr. Young and submitted by hlw to Congressg | TItE FIGURES showed that fn 184 the total tonnage smounted 1o 1,130,000 tous, in 1855 to 2,460,000, n 1866 to 1,400,000, aud fn 1870 to 1,500,000 tons, showing s falllog-off in twenty ycars of 900,000 tona, ‘Fhess gures related to Gecun comuiercs alone, and do not include coastiug v ‘The great ship-bullding Intercst of this conn- try had, fu twenty years, DIMINISUED BY ONE-HALP, What would the Board think if they could see the West us (¢ vas in 1858, with the commerce of that daysnd the rallroad system as incow- plete as then. He blawed the ahipping luws of the United States for inuch of this, aud thought the best way of removing the trouble was to get. nd of the diaabilitics whivh pressed upon shem, They wauted 8 modification of the uavigstion luws, which would [ ALLOW THYE AMERICAN MERCHANT 70 PUftHAs) YOREBIGN sliry, and to bring- his property into American ports snd reglster it there, with the American at :’lfimpnk. “ln order to mnm‘ bn;:nu: for ‘;u- ers, it Wis neccssary 1o bave a carryi trade, aud U they could oot get Anlerlun—bul&v shipe at tirst, let thew OXT THE SIIP AT ALL RYESTS. ‘The trade would revive, and would be eatirely reorgsnized. It was stated that -Nn:hvhnhq of wood or lron, could be bulls more cheaply In this country than- in Eugland, and, if this wae 80, werchants certaluly would not go abrosd to purcliaso them. Y ADJOURNMENT. Peuding s discussion ou tho Bourd adjousued until 940 to-a resolution, the arTus Wormios. cm to (te Awmerican | ding clase, for whase bonedt they were