Mr. MACCABE, of Arkansas, offered the following:

WHEREAS, The commercial relations of the United States with Europe being variously disturbed by the present calamitous war between France and Prussia; and

WHEREAS, The best interests of Europe and America are to be consulted in the establishment of permanent peace between the belligerents; therefore,

Resolved, That this Convention, representing the commercial interests of the whole country, earnestly invokes the friendly interposition of the United States government, looking to the establishment of a speedy peace between the republic of France and the kingdom of Prussia.

Which, under a suspension of the rules, was, on motion of the same gentleman, referred to a special committee of five, to be appointed by the Chair.

Mr. WILDER, of Tennessee, offered the following:

Resolved, That in any recommendation to Congress, asking for subsidy to aid in the construction of a Southern Pacific Railway, provision be made for three termini on the Mississippi River, viz. : one opposite New Orleans, one opposite Vicksburg, and one opposite Memphis; and that all of said branches be entitled to equal and reciprocal advantages in the transmission of freights and passengers and rates of charges with the main line; and that the main line shall pro rate with them, and a subsidy of lands be granted in aid of the branches as well as the main line.

Which was referred to the Committee on Southern Pacific Railroad.

Mr. CAMPBELL, of North Carolina, offered the following, which was referred to the Committee on Railroads Generally:

WHEREAS, The State of North Carolina ceded to the United States the territory (now State) of Tennessee, an area of land surpassing in excellence and richness that derived from any other source except the North-west territory ceded by Virginia; and

WHEREAS, One of the great highways from the Southern Pacific Railroad to the middle East lies through her mountain lands; therefore,

Resolved, That we recommend the passage by the United States Congress of a liberal appropriation to the Transatlantic road and the Western N. C. Railroad.

Mr. BOWMAN offered the following:

WHEREAS, The Southern Commercial Convention, now in session, by its liberal policy and comprehensive action, has invited and secured a representation of the various commercial and industrial interests of the whole country, and has thereby assumed a national character and importance, therefore be it

Resolved, That when this Convention adjourns it will meet at 1871, under the name and style

on

of the National Commercial Convention.

Which, on motion of the same gentleman, was made the special order for 11 o'clock, A. M., Friday, Oct. 7.

Mr. SEYMOR, of Wisconsin, offered a resolution relative to the disposition of the public lands of that State, which was referred without reading to the Committee on a Settled Policy in relation to the Disposition of Public Lands.

On motion of Mr. CAPERS, of Georgia, the Convention adjourned until 9 o'clock, A. M., of Thursday, Oct. 6.

THIRD DAY.

MORNING SESSION.

The Convention was called to order at 10 A. M., President GARRETT in the Chair.

Prayer was offered by Rev. WM. T. MOORE.

On motion, the reading of the minutes of the preceding day was dispensed with.

Mr. Cook, of Ohio, by the unanimous consent of the Convention, offered the following:

Resolved, That the Cincinnati Commercial Convention cordially indorses the paper signed by the officers of the Memphis, New Orleans, Louisville and Cincinnati Commercial Convention, recommending the endowment of a Department of Commerce in Washington College, Virginia.

Which was adopted.

The Chair announced the following special committees, ordered appointed by previous action of the Convention:

ON FRANCO-PRUSSIAN WAR.-J. C. Maccabe, Arkansas; Gen. N. P. Banks, Massachusetts; Gen. Jos. R. Anderson, Virginia; Theo. Cook, Ohio; John H. Kennard, Louisiana.

ON TRANS-LATITUDINAL ROADS IN THE UNITED STATES.-C. G. Forshey, Texas; R. S. Elliott, Missouri; R. M. Bishop, Ohio; J. C. Burch, Pennsylvania; Charles R. Long, Kentucky.

IN REFERENCE TO RAILROADS TO CONNECT THE CITIES OF VIRGINIA WITH THE GREAT WEST.-B. F. Barbour, Virginia; Geo. F. Davis, Ohio; James Bridgeford, Kentucky; Willard Carpenter, Indiana; M. Burns, Tennessee.

ON RAILWAYS GENERALLY.-E. W. Cole, Tennessee; M. D. Wickersham, Alabama; R. P. Hilton, Florida; James M. Schley, Georgia; P. W. Baker, Illinois; B. D. Williams, Arkansas; T. M. Monroe, Iowa; John W. Grubbs, Indiana; Col. J. W. Coffin, Kansas; Wm. Ernst, Kentucky; D. C. Labott, Louisiana; Isaac H. Sturgeon, Missouri; James J. Newell, Michigan; Gen. E. Stafford, Mississippi; N. P. Banks, Massachusetts; B. P. Baker, New York; Theodore Cook, Ohio; James S. Gibbons, Pennsylvania; J. Barrett Cohen, South Carolina; G. A. Throckmorton, Texas; John E. Rollen, Virginia; D. M. Kelley, Wisconsin; Jesse B. Wilson, District of Columbia; Samuel P. Thompson, Maryland.

Mr. SNYDER, of Tennessee: Mr. Chairman, I move that a committee of one from each State be appointed by the. Chair to select and report a place for the next meeting of the Convention, and to fix the basis of representation thereto.

Carried.

Mr. EMLY, of Louisiana, offered the following:

Resolved, That the Committee on "Obstructions to Navigation by Narrow Span Bridge Piers," are hereby requested to consider also hight of bridges crossing navigable waters.

Which was referred to Committee on Obstruction to River Navigation by Narrow Span Bridges.

The Chair then announced that the reports of the regular Standing Committees of the Convention would be in order.

ROBERT R. KIRKLAND, of Maryland, thereupon presented and read the report of the Committee on Direct Trade between Southern Atlantic Cities and Europe, including the subject of Immigration, as follows:

Your Committee from States represented in the Southern Commercial Convention meeting in Cincinnati, Ohio, October 4, 1870, to whom was referred Subject No. 1, of the Official Programme, Direct Trade between Southern Atlantic Cities and Europe, including subject of Immigration, respectfully report:

That they have given in the limited time allotted them all the attention which their paramount importance so eminently deserves.

These interests involve the restoration of American shipping, which most important question now occupies the public mind; the consideration of which the American people will require from their representatives in Congress; as it is alone to Congress we can look for relief. From them we require legislation to secure the desired results; which being accomplished, all sections of the country will be placed on an equal footing. The South will see ships, under our flag, taking off their products, and bringing in their imports, direct to their own cities; saving the varied expenses of transportation, labor, &c., &c., now involved in exports and imports through indirect ports. Under such proper arrangements, ships loaded with the products of the South would return to their own ports not only with such foreign merchandise as they require for trade and consumption, but with emigrants with large or small capital, and with sturdy muscle and energy, to settle her fertile, cheap lands and develop her resources, to the direct benefit not only of the South, but the country at large.

To accomplish these results, your Committee think that it is the true policy of the Government to grant as a bounty to all builders of ships, when registered at the respective custom houses of the country, an amount equal to all duties and taxes under the tariff and internal revenue laws, which would be paid or incurred on all articles foreign or domestic used in their construction and outfits. And further, to purchase and withdraw free from duty, from bonded warehouses at all ports where they may be, stores, supplies and outfits of every description requisite for use or consumption during their voyage (which stores and supplies on their return to a U. S. port should be placed in charge of a Government officer, not to be landed without payment of duties assessed according to law), and that all repairs and outfits from time to time required should be entitled to the same benefits proposed to be conferred above. We also recommend the enactment by Congress of a general apprenticeship law, wisely adapted to the end of supplying American seamen and officers to man and command our ships. Also to grant subsidies, in the way of mail contracts or otherwise, to lines established or to be established to the North or South of Europe or elsewhere, as their merits and services may deserve.

In the meantime, for a limited period, to allow the purchase by bona fide American citizens, in an individual or corporate capacity, of foreign built ships, to be registered and placed under the American flag, to supply the present want of American built ships, under such