The New York herald., 1861-12-06
CHAMBER OF COMMERCE.

Memorial for Coming Powers ts the New
York Assay ODce-Postal Facilities by
steam from California 20 China and
SaPan-The Board Ask for a New Rail-
way to Wsshington-Dcprcd ON
American Commerce ON tho Coast or
Europe. &C., Sc.
The Chamber OF Commerce met at one O'Clock yes
terday afternoon, Pelatah Pert, Esq, in the chair
There was quite largo attendance of delegates and the
proceedings were OF a highly interesting character
The first business in order was the election OF new
members The following gentlemen were chosen unani-
mously William Lidderdale, Charles F. Loosely Henry
Weston and Joel Wolfe. The Of Mr. Samuel B. Bab-
cock as member Of the Arbitration Committee having
expired, that gentleman reelected unanimously.
The reports OF committees next being in order, Mr..
CHARLES H. MARSHALL reported tho following memorial TO
Congress- asking for tho privilege OF coming national
currency the gold and silver deposited in the Sub Treas
ury Of this city
MEMORIAL FOR COMING POWERS 10 ASSAY
offitE IN NEW
To SENATE House RETIRE. sESTAnyEs or TIE
UNITED STATS, IN CDSGnkss AssEsRtEp:--
The Chamber OF Commerce Of thc State OF New York
Respectfully represent that II Is important to tde
mercia and financial interest OF this the United
States Assay Qaes at this city should have conferred
upon il tho privilege Of coming into the currency
such portion OF gold aud silver bullion as may be de-
poscd with tho Sub Treasurer at New York Tor that
purpose
That the expense and tho Of time hitherto and nj
present incurred in sending bui ion from city
mint for coinage might hn avoided IL this power were
granted To the Assay Office.
lr support Of these views the Chamber deem it proIor
to state the following facts
The bullion deposits al the New York Assay Once by
Individuals coinage conversion lto Ono bars
since October, 1854 (when the Assay Oice commenced
busncs to tho ls Of October, 1851 hun
dred and eighty millions Of dollars; OF which gold
ABOUT. .................. 30 70 per cont.
In silver. ............... .......... 43O per cent
or this large nearly thirty per cent was iepositod
IN INC last year October 1. lSG0 to october iSOI,
VIZ
THE NEW YORK ASSAY OFFICE
years 1854 80. $50 ,2s8,633 5O46G 10a SOB 2a4
year, 10 oct. /, Co l7,ss2,l2o 4s2iis ls'334,5M
year, to Oct |, 81 55,oea,Ssa 2,2c3zes 5s2a3,sls
Total. .sl7a, ,loS.sI2 7,7Cs48l ,ogo
Annual average. 27,5s6,ol4 l,los926 IS 635 $40
Thus in the past year tho deposits increased ron
prcyio annual average OF less than twenty million,
(lSji-C0) 10 the Of hfty eight millions Of dollars In
order to shuw tho usefulness OF tho Assay oacc even
with the restricted powers this far granted to H.
II has furnished in the same period uf seven years
hno bars to the value Of hundred twenty one mil
lions Of dollars, viz
l'23,21o
an annual average exceeding cntccn millions Of dol
lars And during tie same period OF seven ycaIs the
Assay Oilco has forwarded to the Mint at Philadelphia,
Tor coinage, sum OF over one hundred ana seven mil
lions Of dollars, viz
BULLION SENT 10 lliE MINT At PnitApELpA FROM
For COINAGE.
First fvo years .s3l ,G70O49 5O25 1853 Sc Ga5 532
Sixth year. III ,S54 ,B34 27S, 1876 H. $50
seventh year.. 56,03272l 2,l03, l39 5S 80 $50
Total. 800 107 Goa 1901 SIS l07, ,l01 422
Annual average. ,329 ,G53 1,O7leSS IS 2OI JAG
THIS the amount OF gold and sily er forwarded lhla
Geha for coinage has Increased frcm previous annual
OF eight millions for the first six years (ls54
lS6o) TO than fifty eight millions the past year
The estimated oxpcnsc for mere transportation el this
arse sum for the year past (ocobor 1900 10 October
1861 was $Tl ,775, viz
For Cod, 81 per thousand SOL s55
FOR SilNer - per thousand d............... 6,9O0
lolu 13o
When 10 the consideration Of this unavoidable expense
unaer The preSert aw rs added the less OF time the
depostor the annual loss rlay bo estimated aboat one
hundred thousand loars--a which, IL is noy
thought, will be sufficient To put the present Assay Once
in complete order for coming all tie gold ana silver
that may be required by the Gcposiicrs
at New York. In order TO show what important part
tho port OF New York plays in the g.cat bullion move.
men. a tho country, wa present the ioowi Ing summary
ui receipts at New Yo for tho years since the
Assay Office estghiisllcd--