The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-04
Chamber of Commerce

| Chamber of Commerce.
PROPOSITION TO ERECT NEW BUILDING FOR TN
USE OF THE cHAMBER--THE MEDALS FOR THE lii
aoEs OF FORT SUMTER, ETC.
The regular meeting Of the Chamber Of Commerce wa
held al their rooms Of William and Cedar streets
yesterday at one O'Clock P. M Pclatah PERT, Esq.
being In the chair Tho minutes Of the last regular
| ing we're read and approved
| Upon the minutes Of the last special meeting Of th
Beard being read the President stated that
good deal Of doubt about the legality of that meeting,
well as the appointment of the Pilot Commissioners
which took place q that sitting, and II you'd be well
endorse the appointments by Vote of the Chamber The
suggestion Of the President unanimously adopted
! The noxt business in order being the appointment Q
| new members TO the Board tho name o. John Jacot
Astor, w., ESQ, was suggested ~ Mfr. Prosper N
Mr. PnErs wanted to know whore these indscrminalt
appointments TO membership Of the Board were to stop
Mr. Astor was, beyond doubt a Gentleman OF the hghes
responsibility and standing but he was not Immediately
connected with the commerce Of the city OF New York
me organization Of the Chamber OF Commerce Was simply
inehNeu ior men who were merchants, anfwose inmc
te interest was connected with the business trade Of
fh.s locality He (sir. Phelps) had no objection what
ever pe.sonay 70 MT Aston, but no did net want TO ID
fringe upon the laws Of the Chamber whchcxpress
forbid ny appointments but those possessing the qusid
cations aio. resaid.
Mr. wgrsn RE, who proposed Mr. Aston for membership
said that the wealth and influence OF the nominee ala as
rpuch towards the advancement Of commerce as any
other materia! Of which tho Board was composed,
After some further discussion Mr. Phelps withdrew his
objection, and Mr. Astor WAS duly admitted member of
the Beard
The following gentlemen were also admitted: sisssrs
Jonathan II Ransom 80 ey street. Edward Mott Robin
son. SO Wall street. Seiah Van Duzer New York Exchange
Bank Edward Wilet,s, 3c3 Pearl street.
The committee appointed 10 procure medals for the off
Gers and mon who SO CALAMITY defended Fort Sumter
ported that It would cost 81 500 provide the came and
that being appropriated they desired not 10 70
MT PnsIfs suggested the proprety Of at once going
intoa collector TO efray hc expenses incidental to pro-
s1f ta II. h.a H.
500.
The prrnnS1 here stated that copy of the speech of
Mr.. Holt recently delivered before the Chamber. was
now printed in pamphlet form, AID ready for delivery
FREQ 10 any person who might require IT,
The time Of Mr.. y. Mntarn, Of the Committee OF
arbitration, having expired he unanimously realcct
ed 20 tho same position
Professor Iicher admitted honorary member,
and long communication was read from that gent man
endorsing tbe policy u the present war well
pnnentary to the Chamber of Commerce Itself.
Mr. WEfMoRE offered the following resolution
Resolved, That the Executive Committee be Instructed
TO prepare and submit, next meeting Of the Cham
Der, memorial 10 the Congress of the United States
this city TO coin for tho national currency such portion eff
gold and silver bullion which may be in the Treasury OF
the United States as the Secretary and Treasurer shall
direct
The mover of tho resolution (Mr. Wetmore) then
went on at some length to argue in favor OF
bis resolution. Within tho last four quarters, end
sles 100000 in gold had been deposited in
the United States Assay Office in this city Nearly
phia for coinage, and Apart from the risk Of loss
Transmission it required four weeks the coin
while II It were coined in ts city would DO returned
to tho owner Of the bullion in three days lie had good
deal Of feslect for the express ancs but h. doubted
whether ono Of them could atone for the less single
cargo.
The resolution adopted unanimously.
Mr.. BrocDeccD then proceeded 10 read lengthy al
dress to tho Chamber ia which lie stated that lie was The
bearer o. proposition from an eminent citizen q ts
city, which was worthy OF attention. That gentleman
offers to erect Substantial and commodious building In
the peighhorhood Of William and Pine streets the upper
story OF which should be Isod exclusively for the benefit
OF tie Chamber Of Commerce In Liverpool the incnco
which their Chamber exercised had brought that city
one OF The greatest commercial tmoorums OF the world
and was but inst that the New York Chamber OF Com
mcrce should exercise like influence The gcrt'oman in
question proposed to erect this building solely at hs
expense, and did not ask the assistance Of single
be- OF the Chamber On tho top OF the building was
intended TO erect an observatory and clock, which could
DO seen the extreme length OF the bay aa which would
be great assistance to mariners in passing in and %
the harbor. The Fxt barge rcadrg room i was thought
could b. also attached 70 tho building. Nr. Roodenod
argued the vast benefit which would undoub eddy aoc,ic
to the Chamber by tho acceptance Of this proposition and
concluded by proposing the following resolution which
was adopted
Resolved, that committee q three be appreciated of
which the President Of this Chamber shall BE- chairman,
10 take into consideration and report upon the proposition
this lay made for a future change Of It's location.
Messrs, Boodrooi and Cisco deEomnated as such
committee to act with the President Of the Chamber.
The Beard then adjourned.