The sun. [volume] (New York [N.Y.]) 1833-1916, 1861-08-02

CHAMBER OF CoMMEhCK.-Ths regular
Cn'hly meeting was held yes 'erday-PkLA-
TIAH PERT, Esq., President, In the chair In
the ats.nc, Of Me-. OPDIKE, Chairman Of the
COMMITTEES appointed 10 wait upon Congress
With the memorial passed a. previous meeting,
Capt MAnkBALL Stated that he had q eonvsrsa-
ton with ,hs S.crst,ry Of War. who said be
had already sent his sngiossts to New York,
TO ascertain what was necessary TO be done.
Mr. A. II. Low offered the folio wing;
Whereas The Government Of the United
States 10 engaged In q contest for the suppress
sion OF rebsIlion, and for the maintenance Of
the integrity Of ths Union, which is destined
to make large demand upon the pssuniary
resources Of the country, and tbs demand must
chiefly be met by mssns Of repeated loans.
Resolred, That In the Judgment Of this Cham
Der, the success OF the proposed loans will de-
pend upon the enactment by Cor Rrsss no In
session, Of revenue and internal tax bills
adapted to the sxistirg emergency, OF that OF
the Gsvernmsntj or that II tho 0ovsrnmont
should succeed In procuring money with out
makpg wiss provision for the reimbufsem snt
Of principal and itt,rsst, II will be upon tsrmA
discrsditabls TO the national name and prejudi-
eisl 70 the national interest.
II was in viev Of tie reluctance OF many
members Of the Ssnsts to pass The tax II nov
before them that he (Mr. Low) offered his res.
olution. There seemed TO be much greater
willingness TO spend the public money than 10
| bs taxed for Its repay ment, and he hoped that
this expression Of opinion, going from the
Chamber a. Commerce would stimulate Con-
| gress TO pass bill that would establish the
| ma ion Al credit.
M LATHEAa approved Of the motion aud
wished to amend by appointing a COMMITTEES
| Of five 20 pfe'ent the resolution, and aid Con-
Rrsss in thu supervision Of auy bills before
| them ter rsver u and intlrnL tax. 1t was
| pro3o,e ed to imp 50 an iucoms tax "A m asure
| n'vsr rssorted TO, even In England except %
| lsst resort. He cons der d that that bill, az
! rep rttd would work Rrea. injustice 10 the
/ mercantile community, and to those who de-
l p-nded upon their salariss for a'upport, while
| (as evid,n'l ~ was intsndsc) IL won d free the
s,st:rn lands and proPsrty generally Ia the
| interior. "A.
Mr.. Low thought III Chamber Of c, nmercs,
representing ths commercial commua ty,
should say to Congress that If they wanted an
l extraordinary amouut OF money there m ct
be some MEASURES passed that looked TO ths
| pay meLt. ard thus support conservative &C
| ticu on the part OF the G)vsrnUent
Mr.. BLooDGooD said New York WAS the
haLk from which the monsy must come, aud
Why should not those who wsre ready to sacfi-
fec Hives and fortunes bs hsard H. thought
that meichatS ought - express than
rslvss freely.
The amer Dtnt by Mr. LAWYERS was lost
and he rsolu ion by Mr. Low was csrrisd
M G. MsRsHALL moved the following
R,soictd That in the tpiniJn Of this Cham.
bsr, this Tariff bill now under consider alton Of
Congress etolld DO framed 80 as TO produces
revenue only, and without regard to protsc-
| ton.
lie thought that on many articles the duty
| wac 50 great as to an cunt 70 q prohibition.
CItaipiv, tuth tariff would diminiih instead
Of ipcr' asing the revinue.
The rssoiuIlon pssssd ar was ordered to b,
for ssro.d, together with Mr.. Lows resolution,
10 Congress. The Chamber then adjourned.