The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-15
CHAMBER OF COMMERCE.

Return to specie Payments.
Tho regular meeting OF the Chamber OF Commerce
took place yesterday afternoon, A. A. Low, ESQ., rresd-
ing. Mr.. d. n Barney and f. J. Blake were elected
members Of the Chamber.
NORTHERN CREDITORS AND SOUTHERN DEBTORS.
Colonel H. A. COMING then offered the following
Resolved That statutes Of limitation to suits con-
tracts are r concabc with justice only the supposi-
ton that the parties had opportunities 10 enforce
their claims through the usual courts Of JUSTICE and in
asmuch during tho ato civil war has been npos.
sbe for oys, creditors take any To collect
their debts the Southern States by any civil proceed
ngs whaeves Justice requires that all the period OF tho
rebellion should be excepted from the time hxed for the
Limitation Of actions in those States.
Resolved That the jurisdiction of the courts of the Uni
ted States between citizens OF different States
conferred by the constitution to secure justice where
tho Of the States might for any cause be considered
MS possibly partial preudcal or and that The
present time exhibits striking illustration OF the wis
dom Of such provision, and ut the same time shows
the in eectua character Of the statutes Of limitation
the States render the jurisdiction practically nuga-
Resolved. That memorial DO presented to Congress,
praying for the passage Of law excmpng sn'ors in the
Of State statutes OF limitation for period long enough to
give loyal creditors opportunity to enforce their de-
mands.
Resolved That a committee of five members be ap-
pointed by the President to carry out the object Of the
foregoing resolutions. Referred to select committee
EUROPEAN CAPITALISTS ASSISTING SOUTHERN
PLANTERS.
+ A communication was received from Mr. Thomas W.
Conway, Assistant Commissioner Of tho Freshmen 4
Bureau Of Louisiana stating his intention to ed TO
Europe and induce capitalists TO assist the southern
planters In resumng the cultivation OF their cotton lands
Mr. Conways mission was endorsed and approved OF by
a resolution Of the Chamber.
INCREASING TIE PAY OF NAVAL OFFICERS.
On motion II Mr.. OrDYKF, the memorial OF naval
officers soliciting tho action of the Chamber on the
matter Of their relief from present grievances arising
from tho lessened value Of their pay money by
the depreciation Of the national currency, referred
to special committed.
Tho portrait OF Mr. Isaac Carew President of the Cham
Der from 1910 to 1912. presented toe Chamber by
the Secretary Mr.. Austin Stevens Jr, ard accepted
THE SAN FRANCISCO EARTHQUAKE ASp'THH FLORIDA
wRECKERs.
A communication received from the Chamber Of
Commerce Of San Francisco conradeng the exaggerated
til late earthquake there.
communication from Governor Boynton, Of Florida,
asking for protection for property wrecked along tho Key
West coast and sug testing that steamer be sent for
that purpose referred to the Executive Committed
A NATIONAL COTTON GROWING CONVENTION.
A communication received from Aenson Penned,
ESQ., recommending the holding or q national cotton
growing convention that measures may DO taken by
which crop Of cotton may be grown next year equal 70
that OF the year preceding the warnamely 1000 900
bales which, at gold prices will be worth 81 600 0Ju OCo
Exporting three .fourths Of this crop win return Us
$500 600 000 inducing such state OF the foreign ex
changes AS will bring specie payments by the spring o.
1857 without the usual financial revus,ons attending
such crisis Our paper circulation proper ID now more
than quadruple that Of normal state. But with such
crop Of cotton next year shall have solved another
| great problem In national nnance-name'y the main.
tanning Of specie payments with much larger amount O
paper circulation than has ever before prevailed In sucl
| condition. We have In our cotton lands vast golt
field ready 10 yield greater and more immediate fesul
than any mnes OF the precious metals This comnnni
| cation was referred TO the Executive Committee.
The Chamber then adjourned