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Show The National Board of Trade. Washington, January 20. The sixteenth annual meeting of the National Board of Trade was commenced in this city to-day, Mr. Frederick Fraley of Philadelphia presiding. presid-ing. The annual report of the Executive Council explains the French system for the encouragement of the shipping interest, and says it will prepare the way for the discussion dis-cussion of the subject of American shipping. There are certain questions, says the report, on which the Board has passed so frequently frequent-ly and with so near an approach to an unanimity, that it may be said to have created a platform for itself so far as these are concerned. Among them, we may mention, men-tion, the enactment of a National Bankrupt law; the establishment by the United States Government of the postal telegbaph and telephone; The suspension of the coinage of the standard stand-ard silver dollar; the question of uniform legislation in the States in reference to the oonveyanoes of land, judgments, collection of debts, forms of contracts and manner or means of enforcing them and the organization organiza-tion and management of joint stock companies. com-panies. The report says it is respectfully referred re-ferred to the commercial associations of the countrrftir4hircaJE8fBl ..consideration and for such recommendations BsTihey'Tuay"" 0e cide to make. .' - At the conclusion of the reading of the report, re-port, which was adopted, the election of officers offi-cers for the ensuing year resulted in the unanimous re-election of Mr. Fraley of Philadelphia, Phil-adelphia, as president, : . The subject of bankruptcy legislation was taken out of its regular order and placed in the hands of the following named special committee for investigation with instructions instruc-tions to report at a subsequent meeting Messrs. Gano, Wise? Janney, Woods and Supples. . . The subjects relating to inter state commerce com-merce received a similar disposition, and were referred to Messrs. Hope, Higgins, Murray, Parsons and Bakon with like instructions. in-structions. Two subjects, "the ocean postal ssbvice," Proposed by the Philadelphia Board of Trade, and "American shipping interests," proposed by the New York Board of Trade and Transportation, were taken up and discussed dis-cussed at length. The following resolutions were then adopted by a vote of 32 to 10: ' , Resolved, That the National Board of Trade recognizes the necessity of adopting the same methods pursued by our competitors compet-itors to establish quick and frequent communication com-munication with foreign markets - and place our ship owners upon an equal footing with those of other countries. Besolted, That it is expedient for the National Na-tional Government to assume the full expenditure ex-penditure authorized by law for the carriage car-riage of mails to foreign countries in American Amer-ican vessels, and Congress is urged to appropriate a further sum, not greater than 30 cents per ton, gross register, for every thousand miles of actual voyage as a subvention sub-vention to American vessels over one thousand thou-sand tons, actually engaged in foreign commerce. com-merce. the president appointed a committee To present the foregoing resolutions to the appropriate Congressional committees, and to ascertain when they can be given a hearing hear-ing in their behalf . The special committee on bankruptcy legislation legis-lation offered the following resolutions, and recommended their adoption: Resolved, That this Board again most emphatically em-phatically and unreservedly expresses its sense of the great importance of the immediate imme-diate enactment of a just, economical and expeditious national bankruptcy law; that this Board believes that the bill drafted by Judge Lowell is one possessing these admirable admir-able qualities, the substantial provisions whereof are also contained in the bills now pending in Congress and which have been respectively introduced by Hon. George F. Hoar in the United States Senate, and known therein as "Calendar Bill, Senate, No. 714," and by Hon. P. H. Collins in the House of Representatives, known therein as "H. R. No. 1119," and which measures are hereby heartily approved and endorsed by the Board. Be it further Resolved, That Congress is hereby most respectfully urged to grant unto the commebcial intebests of the countbx Protection and relief by the immediate enactment en-actment of a law containing the provisions of the bills hereinbefore mentioned. A committee composed of one member from each constituent body of the Board was appointed by the Chair to present the resolutions to the House Judiciary Committee. Commit-tee. Adjourned until to-morrow. |