The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-04


Isfom t1p .~ur 20
In response 10 call issued by q committee Of
mercbaDts, q meeting Of business men Of Boston
and vicinity 10 consider ,he present financial ext
sencies, was beld In the Merchants Exchange
Reading Room, nj 10 O'Clock yesterday.
The Reading Room was packed full. aud the main
entry, nearly into stare street, Sas filled sith an
sager auditory. Not lers than two thousand people
sere present, and anxiety sat ON every face.
Precisely at the appointed hour Mr. James Read
called the meeting 70 ortec, and nominated for
chairman j. Thomas stevenson, E=q. The nomina-
aon Vas confirmed. and MIR. Stevenson took the
:hsir.
he asked II IL vas the pleasure Of the meeting,
before proceeding 10 bnsness 10 COMPLETE It's orgaui
zation by the appoint gent OF Vice Presidents and
Secretaries. The pro osition assnted 70, and
the following list OF officers was read and accepted
by the meeting The Vice PIesiden,s and Secreti.
ries took seats near the chair. They were as FOL.
lows:-
Vies pre.id,nts- James Reed, + c. Emerson. J.
Huntington Wolcott Albert Fearing, Israel Nash.
Secrsfarrss- Samuel rockingham Jr., Joseph
Glover, George I. Lyman.
srHsca or J. rsonAs STEVENSON.
Mr. STEVENSON then Without
any previous notice 70 myself that there vas any In
ten,ion OF asking the merchants of Boston 10 come
together 20 consult az u whether they could recon.
mend any measures or devise any means 90 aid their
fellow citizens aud one another In the dreadful
storm that H. nov upon them 10 the commercial
community and among solvent men without any
previous notice that any such consultation among
toe merchants OF Bnston had passed. have been
asked 10 preside over your deliberations and
I do II without having asked Of another his opin-
ion "a TO what ought TO be done here, and with.
out having said to another what my opinion was,
that should be done here. stand here, and choose,
ss an individual here in the city Of Boston, mer.
chant Of BOSTON publicly 70 state, that stand here
because know that any gentleman with honest
purpose preside without difficulty over a meet
ng OF Boston meichsnts no matter what the condi.
ion Of mercantile sff4irs may be for the moment
(Applause.) have no speech 10 make, gentle men,
aud ] certainly snail not occupy ycnr me, a. I
have no proposition to make; but do feel bound
a. q merchant In active business, one Who has
lived among you oil bis lfe--I do feel hound 70
express a single opinion, which | you'd not
hesitate TO express snyrhere, and that is this
That in the very sudden and remarkable diff.
hculty that now presses upon men whom We all
know TO be perfectly solvent, TO possess very
arre amounts Of property-n there be auy pro
perty other than money-we all know Il, for we
see II every day that persons who can show that
they are in that position find Il almost impossible
70 get that one article, money, except by paying
more than runous rates OF interest, TO mces many
OF their honest obligations; that under these cir
cumstapces, every gentleman ~ho has given this
subject any consideration is bound to state his
opinion, Tor the benefit Of Others. And propose 10
give single opinion: that In the present financial
condition OF the great body Of the trading communi
y here, the banks In New York and the banks in
Boston, upon the returns which they make 10 the
public, are In condition 10 render % the solvent
men In the commercial community yery large and
very material needed aid, without danger 10 them.
selves -lapplauseO and, as believe, With resu,s
which, instead Of weakening will strengths them
(spplause) The call for this meeting sudden Az Il
| rust have been TO NEST gentlemen, has filed this
ball end before asking yen 70 proceed TO business
ieel bound 10 read It, IL is as folio VS.
hts ptol. mts,y meeting - he mr~en.ue Of Boston.
sed yesterday ~ the ~ the Board n frasa ne
,udcrsgned zero sprrntsi cali scserd NEE inv 3.
he DSsne" men q sOn snd viciar ~ TIE AerUaaas.'