The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-13

The Chanabsr q Commence.
THng9 NEW R0OD-rHH FORMAL INAUGURATION OF
THEM YDsTKRDAY-ADDREss6 BY PRESIDENT
CHARLES KING, PsLATIAH PERT, JAMES DEPKY-
TEE OGDEN AND OTHHRS.
The now rooms OF tho Chamber OF Commerce, in the
Uodsrwriters Buildings al the corner Of Cedar and VII
liam streets were finally ipausurated Thursday, 1t one
p. n, with appropriate cere monies
Although tha Chamber has been In existence for the
Iast eighty years. has had permanent place Of bust
ness until Thursday Tho members have only met from
month to month owned ~ other Institutions and
was At length deemed desirable that the Chamber should
take higher position than before and extend IL usefulness
In every possible To this end these rooms have
been secured, and Corresponding Secretary appointed,
whose duty shall DO take Of the archives OF the
Chamber and prepare annually . volume Of facts aud
statistics on commerce, which shall embrace ths following
TOPICS
view of the foreign commerce Of the city and State
imports and eIpor. eoh IL their .sEess.ss and in detail
siss transmitted b. canals and rsrsads
w g q:
Of freight faculties for tho Of freight
and q 1s
Or he Sss: a of
their production the Quantities received at New Yos Boston
Tho now rooms are largo and well ventilated with &C.
nOdaons for the Actaary and for the meetings Of tho
Chamber. Tho reporters table, NOT unimporant mat
C0ul0
bess present yesterday and the exercises in
p PERT, the President Of tho Chamber congratulated
the members their rooms. Tho first charter for
the New York Chamber OF Commerce was granted by
King George III, in the year ITO This charter was
,s Ssa s the s had IN ~
fulness yet never until that day had OF its
to In The importance OF the commerce OF New York
constantly becoming greater and 1t was but DIT and
proper that the Chamber should take higher position
than had done heretofore Il was proposed that tho
Chamber should have a. no distant day building Of its
own and he trusted that the project would yet be reAz
3D. The library and charts Of the institution would at
distant day become very valuable, and he sure the
lished annually, would be Of much public benefit He
called the merchants present to do what they could 10
extend the usefulness OF the Chamber.
introduced and returned thanks for tho oppor-
tuDity the members gave him ut being able
be bsd oD1
monthly existence, but hencefortb had local haota
ton as we'll a. honored lame. President King gave
brief resume Of the history Of the Chamber In the char
ter originally granted to them they required to meet
IN the Exchange ut the foot OF Broad troot THIS building
stood arches, under which the East river It
demolished about the beginning OF the present century
The members OF the Chamber next met q, the ronine
Building, and Afterwards ia the Exchspge. which was
society saved from that re but tho original charter
from King George lost but the speaker noulged the
hope that would some day be found rs was OF
any but the Chamber. The speaker hoped the day
would come when the Chamber would have mag
nihcent building OF its own, which would nclude
q library, museum, . picture gallery aud q large
room-unke the rotunda Of the Exchange-n which the
voices Of the merchants could be heard The early Dutch
settlers Of this city were euogzed, and the credit was
given TO them settling the basis which the
OF New York bias since grown. Merchants continued Mr.
King should culhvaie esprit de corps Taey had made
tanned lis proud position The voice OF tho merchants was
not potent should be in the councils OF the
Tnere were no merchants 50 far "a be IA Con-
gress or In the State Legislature, from this city. Now
they bad public duties To perform should prepared
10 make all reedful sacrifices perform them Peace
the highest interest OF commerce; and yet see
Congress, who were outvieng each other the
game Of brsg and 10 the race for ephsmeral popu-
lary. wouic IL be so II merchants had sea,s IN tne
Senate The speaker thought not These called states
men, said be- did stop inquire int the truth the
na, sSs ssrs 1o o SS, so
flag had been risuscd by tbs pirAtca slave traders.
Without irquiring into All this they had INDUCED IN big
and bosterous Ia instead OF displaying that moderation
OF department that well becomes great nation rue
pociAns President King continued will OF course reply
to all this tho merchants would sacrifice any
for the sake OF money making but this no denied for
the mercantile community hsd sacrificed as mucn any
other for the good Of the nation The pursuits OF com
Immediately influenced by any public disaster aud
camille classes would be 10 feel H. 10 tmes past tho
Hailsoa and jay on q nance tsr aud
duties. and its opinion was respected o sorry that
da not hold SO high position now but Vas easy FOR
vance the cause OF education Ia which he feared the city
had gone bsck In 1890 when the city had 900 nhab
tsnis Coumoa College bad eighty -four students; no~,
with $50 900 inhabitants tho college only one hundred
and eighty three students proportion that showed
enormous decrease the standard OF education IN this
city. He OF opinion that the frauds 10 high places
the peculaon In private corporations. and the low moral
tone Of our Legislature Was due 70 the want OF nigh
standard of education President King closed with a-
peal Ia behalf OF Columbia College
JAMES DIX PEysTKs OGDEN followed In speech congratu.
ting the meneors on tier new ro9n.
members OF the Chamber who had died re-
Gently, add passed eulogy on the late
son G. Phelps. he wished to call the attention OF the
members TO the wonderful increase OF tue business aud
commerce Of this port within few years. He remem.
bercd the time when Was considered great even,
build tow boat for the canal that would carry 500
res OF -four GOO barrels load fer
enc boat But short time since Il cost 81 70 transport
barrel Of flour from Buffalo to New York; the
uanst costs hut thirty ak cents Trade OF all xmas
beginning 10 centre in New York. There whom
Albany and Troy were considered places that did
business, but tho merchants not only from those ccs
but from Boston and all the surrounding country,
found that New York was the only place In
which commercial matters could be done an
teDsve scae. Soms six ycars since the merchants used
10 meet the street at tho foot Of Broad street. TO the
great annoyance Of the storekeepers, and they
finally compelled 10 hire store Ia which 10 meet In the
early part OF the day. called the Corn Exchange
and began with any subscribers n numbers 900
subscribers and the largcs Institution OF the kind
In the world They had court for the settlement OF dis
putes, which did vast amount OF good IN preventing iii
CATION. Mr. Griiths closed with appeal 70 the
bers 70 make the Chamber OF greater importance 20 the
community.
CssmKs AUGUSTUS DAvH followed In few remarks
FKxrERicK A. CoSKrISG offered resolutions thanking
Professor Bache for prosecuting the Chamber with charts
maps, &c, which were carried.
The meeting shortly after adjourned.
The Fight with the Indians In Texas
From the New Orleans Picayune, June Al
ehoia