New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-07
ANNUAL MEETING OF THE CHAMBER OF
COMMERCE,

Yesterday at the Merchants Bank, Wall street, =.
PERT, esq., 10 the chair.
The fret business in order was the election of off,
GERS for tae ensuing year. Mr.. Peatiah PERT was
unanimously reelected President. He briefly returned
his tbaiks for the unexpected honor and hoped that,
as the Chamber was to enter its new abode, the
members would turn over new leaf and actively CO.
operate in oscharging the important duties which de-
VOWED upon them. In conclusion, lie promised 10
fulb the obligations Of his position to the best OF his
ability.
Messrs. Royal Phelps and A. A. Low were unani
nc usly reelected Vice Presidents.
Mr.. Henry L. Bogert elected Chairman OF the
Committee Of Arbitration.
Mr. Augustus Silman, President OF the Merchants
Bank was reelected Treasurer.
Mr.. T.. G.. Bogert reelected Secretary.
Messrs VIM X Fosdick, F. ID. Morgan and G. A.
Davis were elected Committee to visit the Mercantile
Library.
Messrs John II. Gcurlie Moses II. Griunell and b:
r. Winthrop were elected Trustees of the Merchants
Clerks Savings Bank
Messrs II. X. BOgert and Stewart Brown were
elected Arbiters of Accounts. ~
The sum Of 5000 was vo:ed to the Clerk and S5O to
the Porter Of the Merchants Bank. 49,
Messra Daniel III. Smith, Robert Benson, ir Ed
ward j. Mablon, Henry L. Guest, Russell c. Root,
Jacob AathGny and Henry Hentz were elected men,
hers OF The Chamber.
Mr.. Jt hr H. Earle was elected member of the Com.
mittee of Arbitration for Que month.
Mr. OGDEr from the Committee to whom was re-
ferred the proposed codcaticn of the revenue laws,
reported that the several bills referred to them had been
read ard sent to Mr.. John Cochrane, Chairman o.
the Committee on Commerce, with such amendment
ard suggestions as would render them most acceptable
to the mercantile community. The report was
adopted.
Mr. ROYAL PHELPS moved that the Chamber do
thank Mr. John Cochrane for his valuable services In
the codfcaton Of the revenue laws. Adopted
Collisions at Sed.-Mr John II. BRowER, Chair
man Of the Committee on Collisions at Sea- made tae
following report;
The Committee appointed to consider the subject OF collisions
Experience bss proved that collisions but chapter in
the dangers and casualties to navigation This nu
oonce TO be while is but human and imperfect Aad
progressive of the world Of commerce. the hfd
collisions may increase In with the other hszads oil
the
1t has been be regarded in maritime Law thn
these collisions involve elas. Of pecunay liabilities a1ern
S ONE sea 'a by tbe same rule while the cose
quences aoLcged the Courts Of nation accoding 70
those nation whereby the latter be mucted sc
codns and TO extent to which the laws OF their owl
formerly .sa places wa; principle Of maritime tim,
indemnify for the damage to the ship insured by him b
also for the dsm,se to the other p9vds6 the s q dO
the underwater uclueed 10 the risks he assumed those
Of bstsds But recently by decision the saPrene Court
II the Ured Stees the uncer"et Is no, aa 70 V
The es Which govern these cases generally III the Admiralty
for sad liable T. the unohendios party W
Ws0 both parties are in fault equy divided each
party p.yira one half Thus ship be damaged
he ohe OO the first with her owners would be ' 'o'
dsmsse, 70 he amount Of $4,000 .., h.., hi.
When ut mpusble to either party each '" o'S ''
To general rules law Of cousre. Of 1881 1 n. r a"
ny r,e respective interests the snip and her iree,
then pending II such owners shall iransie, nv
.py Court Of competent urs6 the benefit OF claimants
~5% MAY PSs SsSe Of f a 1--WE
cop6ped subject TO 10 tue 0on %, p
.cthcr country who's. laws oa as our own provide
Icedy Ad avail Of The Limitation at hone to- tI' fT
large, amount In other words must elect to sys up ny
ed m damage larger amount than rs va ne Iake
for inssncc the Of shp wholly a, anl' OF h.. ' quo w.
lesser owner rs, Is VIII VIII ~ Tnni Of the larger realm
,.rest Will the chance of b~ati.g ms aiNersAty Al
Of being brought; in for he lesser loss Tue r"d Of
T s snS the evidence ny whh IA at may be msdt 1u, "a
whole or ia part IN the c'l lon OF aips s S su@ry lea
be . ss critic. in aud decisions have Is.ed
owdsd 70 be rot en,TGy S tse highest legal earoag
Fnsisud and the Uuitcd al isae uPn
to r. 80 Ra,n. ,oi .w 70 which En aud Am
Courts aim 20 conform We hoa S bsTe The misfortune
sTose (o Circumstance neither could control from create
go or power om storm ana waves then each party must b. Al
~, own c. This bowevsr repusoant to tr lay OF 'eyea
m.:me Sses The Dsni.h aud lIn..n eodes ais ga, S;
,se equally The Swedish declares that The dsnas Of jth %
heir csr.oes sd fresht shall be equally divided hoAai sp
portion, d.mase between the i~o ships u Wa q1he
focaly The Russian law lets The loss tai where hSl'
eonficts eais; between local laws which S" common 70 a.
should lie, bcalsr lDtrtua
f,c.ed sccordsus 20 the laws OF inst nsiro IN VINO"
brought. - H.. II o
The manner reasoning upon the general exT+cncy OF Au
~, az da cer,auy remarkable For igsd
Min o,od ~ having said No better Of mskins the
xxfe Of small which liable 10 be inquired % le
Yetsst attentive % avoid collision htn u Keep me
tar % De wing hat the damagc constantly bhofr th eNe
4, h. aid would have bren shorter snd more
ns ode Of adjustment - 1t each party bear the loss ne
sa sa,nnsd as arising from accidsnta cause ti,
.oswer IA that then the masters OF large sap' would
nave made light OF collision with those oi sm aIe!
Harden p ne whole therefore, rule u 40 d't a. thai
feot ann lst not srauK7 conclusion IRON su
Eins ship, be carefully hep, elea from larger
oder "a Of prc sb,) mach pensty than toe an'oHs
damage. Ard Il the layer pa no tep" -