New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-10-04

very intimately connected with commerce. lie wa
glad, however, that the question was raisedi and
with the ioteQtioh OF himself bringing up the sub.
Jet, lie had cut IA paragraph fi0m TIE EUrria g
Post stating that Mr. G. A. Smith, hte Street Com
mhsioner of tie city had rec lived commission ia
the Rebel army. This Mr.. Smith had been elected
q member Of the Chamber, although having no con-
neciion whatever with commerce..
The President read from the bylaws, showing
that those whose vacations were connected with
the trade Of tie country" were embraced as eligible.
Mr.. OTDYRE said that Mr.. Astor. properly speak
ing, was not a merchant. Commerce, IA large
ee Sc took IN foancal transactions, sucL as banking
exchange, brokerage, buNiug aud selling Whatever
was to be sold Mr. AstOr did not come under thst
category 70 far as be knew, being engaged only 10
investing bis own revenues. Bat under the senIeGce
read from the bylaws he was eligible. VIM. Il.
Astor his father, was member.
Dir. PHrLPs withdrew his objection, which he had
made solely for the purpose of stop,ing the further
election Of men not merchants.
Tho following were then elected: John Jacob AS
tor, IT,, Jonathan II. Ransom, Edward Mott Robin
son, Celah Fan Duzer, Edward Wllets.
MEDALS FOR rHE SOLDIERS or SUMTER ASD PICK
Ess.
Mr. RICHARDS, from the Committee on Procuring
Medals for Presentation to the Soldiers at Eorts
Sumter and PickenS. reported that 81 800 would DO
required to supply the lGS medals.
A subscription list headed by Mr.. Phelps for
500 was Immediately opened 10 raise that amount.
Mr.. H. IL. NIHILhS was re-tlealed u uleInoei VI
the Arbitration Committee.
RUSAwAY MEMBERS.
NJ. BLUyT thought that some action should he
tax IA IN the case OF runaway msmbecs. lie moved
that The names Of lease V. Fowler aud Cspts. Lowell
and Smith who had absCOnded, be stricken from the
roll Of members, Carried.
NAUTICAL SCHOOL.
On motion of Mr. Csc. OrpTKI, the Executive
Committee were requested 10 present three names
for Trustees of tho Nautical school, established by
the Ell a,urc, for approval of the Chamber at tie
next meeting.
ofs Columbia College, thanking the Chamber ioF his
election Us honorary member.
COISACE ~ NEw-i DIRK.
Mr.. PROSPER II. WEINoRE offered the following:
RgshsL Tint tho F1e,utige Comntce BE- iG.tuc'ed ~
e6o 70 %. Congress OF the Uoited States, akins tina.
authority be sraatod tho Aslsy oce 10 tbs oy TO com
lion nav be 10 tic Treaspy oftlO United stsss te
Secretary Of the Trcasury may direct
This resolution, MrWErNoRe said, chased upon a
statement ofthe bullion deposited in the United States
Assay Oifce, New-York, by which it appeared that
tho total dcpoits, FROM October |, 1850 TO oeptem-
Ter 10 1861, were: OF silver, e. 400 28i OF gold,
se77ss 5S. Bsliion transmitted 10 the United States
Mint or coinage. dGrgs the same period, Of silver
AZ $40 l26; OF gold, $50 80, j32.
The GO It II Transporting the bullion to the mint Of
PHILADELPHIA, and returning 1t, was SIl7ob; bnt
tins was not The OILY or greatest lose sustained.
The loss OF time involved by transmitting tho bull
lion 10 Philad lpia instead Of oOnlrs 10 here was
hs four weeks " three days. Again, tho risk was
enormous. No great loss had yet been sustained
but when they NEGLECTED that two millions week,
on the average, went 10y way Of boat 90 AmbOy,
and the liability OF accidents 10 tcamboats 1t would
he seen what n rick TIE Government ran; for the
los, if any. would fall not on the owner the
express COMPANY, but on Govomn emit ond It VIVA a
very improbable Kind Of insurance, for they re-
ceiIed no premium. He thought the commubi
Who furnished Government, IN ns necessity, With
seventy per cent # The coin II bad to use ought TO
be permitted 20 furnish the cola from 10 own mint.
since & had Ill the power except authority from
Congress.
Tie resolution Wa adopted.
PEoTOsITIoS FOis NLW BUILDING.
Mr.. BlounGOop made bief addTess, introducing
a =, .Olutlon for the appointment Of Committee u
three. 10 take into confederation aud report upon a
uropositiuu made hy Iu eminent merchant of New
York TO erect, sotwceu Pho and Cedar streets, ~
marble structure, mt lis own expense, the upper
sofl of " ich ehali be- exclusively devoted 10 the
u,e Of the Chamber OF Commerce; 10 constTuct a
large room FOR general purposes, committee-ruous
Tor I.ibmry aul M,Iino Club hall foe tbs meet
ing OF The Climber; "A commercial newspaper
bridegroom, which could easily be transferred
from tie Exchange. IL 1. alsO propused 10
erect q tower fo. d clock aud an observatory, from
which tie whole boy aud hsrbor would be visible,
and a soacc for tho Nautical School which bas been
created Jy au act OF the Legislature. For ibis Ire
i'd not Tequie a peuuy from the Chamber. but
would accept f0ir and moderate rent, aud advance
MI the money lc.tIm tied at about s75,OJD hmselt
Mr. BtooDGoop stated that the plan was perfectly
asibo one, and the building could be ercted at
much loss cost now than at any other time.
The subject was referred TO q Committee, consist
ing Of the President, Messrs. BlJOdgool and Cisco.
Abound.