New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-11
A COURT OF COMMERCE.

70 he Editor Of Then. Y. Tribune
SIR: is il true has been SO often alleged, that we
are the most Etigious people in the world or Is the
fact III 1t the calendars OF all Courts crowded
that the Laws delays smount well nigh to denial o,
iusice, TO be attributed TO the complex forms and
tecbIicsitea which characterize oil our ladicia pro-
ceedings Whatever be the answer to tnese ques-
tons Il has become most obv ous that there - great
need Of tribunal before which commercial disputes
msy be determined and adjusted with far greater
promptituce, and with !ess OF trouble and expense
than is possible under the Courts now in existence.
1, probable that Of ell the controversies which
arise be,w en- merchants and manufacturers ship
owners and foTwaTders gh be determine settled by
tribunal constituted among themselves composed OF individuals
taken from trading classes who should be selected
for he age experience sound judgment and high character
To prove and ustIste this only necessary to refer
successful experiment. othe kind in the midst OF us The
charter Newyork Corn Exchange granted By the Leg
a;us in 1853 contains this feature: The Trustees OF tina. EA
change are empowertd elect annually Committee, 10 be
iuow and styled "Arosion Committee Of the Corn Elk
the Corn Exchange and all persons claiming BY through or I'M
der them. gnoer the limitations a3d sahl.c. TO the
State Of Nsw.Yok relative arbitration submit to the decs
ions aid Committee any existing between them,
final iudsnent in Govt Of Record to be by them desn.cd
shall be end.ed award made pursuant to such s1bmis
powers aud sub.c 10 tie same duties AID disabilities spper
tain srbator BY the laws of he State of except
,uect removed reversed modified appealed from ey
n paItit: 70 such ,usmisssn You zee we have here.
Second No persons be sued before this tribunal each
patty agrees to submit the MISTER In controversy
Tid: such agreement haviIg made the award of the
Committee may be Immediately entered " Judgment OF
Court OF record, and execution issue thereon
Fouh: The award 10 final; cannot be removed, reverted
modified or appealed from.
That Committee has proved be- the friends this feature
OF the charter hoped and be eyed u would be- most eff ent
among the eight hundred dealers In four
grsn &C, who daily meet and transact business at the Corn
Exchange member and officer Of that Exchange, who
pehap, better qualified than any other to speak on the
subject, rays IN h inquiry:
a. hsppy that its working (the Arbitration Com
The decors Of the Committee prompt and so far as my
inowsdse extends are highly satisfactory % the
large number of bon have been indaced 20 Din the Aooa
ton the pupse having tried BY the Committee
Ii 10 portrait feature In the charter and that would
almost destroy the efficiency Of the Association 70 be dep lived
Of"
Does the simplicity this PAN the promptness Of scon
Of iuch tribunal and above s that uuke other references
and srbscns which subject u be reviewed by The Courts
and which, three usually 70 be only stepping stone
to sssui It's decisions sTe hns eno can DO promptly eu
forced, commend to the consideration OF commercial CON-
NUDITY.
Why Chamber Of Commerce obtain sucb
Amendment. charter shall authorize the appointment Of
such tTbuns by that eminent body This would
itself doubt nos 20 be efficient and popular Court Of
Commerce. aud thus relieve ell from the evils of
preeut extensively overbudened Court calendars The writer
think of Other remedy likely to prove efficient, II
Others hoped they will do The subject certainly
voIthy ofs,rious consideration y.