New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-09-08
CHAMBER OF COTMERCE.
A New System Of Freight-Pian 10 Reduce
Legal Tender-John Bright Invited TO
Wait New-Nork.

The regular monthly meeting Of the Chamber
of Commerce was held yesterday at noon. Mr.. A. A
Low occupying tho chair. Gen. Walbridre. Chairman
Of tho delegation 20 the late Detroit Convention. was
absent and the ong-eIpeeted report on the proceed
ings and opinions of the nuch-critchod Convection
was therefore. wanting communication from the
Secretary Of State read es follows:
DEPARTMENT OF STATE WASHINGTON. Aug %. 1865.
To ne Pre.id,ni n. J. Chsmbo Connercr
Sin; Attic instance OF Sir fsedercs W; A. bruce,
the Brtish Minister, have tho honor 10 invite Your
attention 20 the inclosed copy OF circular letter o
the Liverpool Chamber u Commeree ard drait OF
Proiet de Io" on the subject OF freight The eentle-
men who are interested IN this matter. desiring TO
avail u emsoves Of the wisdom and experience OF TIE
commercial bodies In this country request that reIhe
may be given to tie questions contained ~ 'hs cltou
before conference at Sheffield. England during tue
next October meeting OF tho National Association Tor
the promotion % Science. As u Il proper 10 suppose
lot the result OF the deliberations Of 40 learned an AS
sociaton will DO beneficial u those PERSONS Of wbae'er
nation who are engaged IN coHinercaI puisuip, am
induced to submit N yonr favorable consideration We
propricty complying with the request OF the gentle
men Of the Liverpool Chamber Of Commerce.
] sm. sir, your obedent servant.
WILLIAM II. SEWARD
The circular referred 10 sets forth memorial from
British merchants Earl Russell. desiring him ~ call
tie attention Of the mercantile Interest Throughout tho
world IN the proposed Conference on Freight Dnes &C.
Ii also contains q "Proet de Loi," Of some twelve
rules or principles which aim TO establish that freight
shall not be due until delivery Of cargo at the destined
port; that IT, through peris, and not fault ship
cannot accomplish her voyage, the captain shall be
bound 10 forward cargo by other vessels and In this
case shall have claim for whole freight due that the
pro freight system shall be entirely aboshed that
no freight shall be due on goods lost through
storms OF praes goods cold or destroyed In conse
quenee OF peril at sea- freight being due at any other
than place Of destination In addition TO these are
other points worthy Of business attention The general
subject was referred to the Executive Committee with
power 10 act.
Mr.. Low recommended plan for tho reduction OF
the currency and the appointment Of committee to
comprehend the matter. and represent 1t thoughtfuy
to Congress. lie remarked the high price OF gold.
though at present there was little speculation. There
was great demand for gold for public duties; great
deal for shipment bat very little for the OF the
chant. Transactions in sugar. coffee, spices, &c. are
now more than ever in gold. The markets do not at
tract gold. because goods are higher than gold. In
this state Of things. the Government can exercise a
sauiary influence by permitting the payment OF por.
ton of the duties in legal erderthe sid tender TO be
cancelled when paid If only one-tenth could be paid
in legal tender tie effect would DO yisiby wholesome.
Goods are now high because paper is Plentiful goods
will be low Gs paper is Withdrawn. This method OF
Withdrawing legal tender day by day the best for
bringing return to specie payment. ard was the
easiest most gradual and most certain in its opera.
lions. Mr. Boodgood Endorsed these views, and moved
(seconded by Mr. StiGnahan) that committee OF five,
with the Chairman of the Chamber added. be ap.
pointed TO consider plans for tho reduction OF legal
tender. lie also stated that none were moro earnest
than the able Secretary Of e Treasury for discover
ing tho best bring about the reform Of the
reEcy.
On motion OF Mr.. Wetmore. IL resolved that
John Bright of England be invited by tie Chamber Of
Commerce TO visit Ncw.York.
special meeting Of the Chamber viii be held Thurs
day. September o. at O'clock for the election OF Pilot
Commissioners.