The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-19

Total SIS $50 2s7 5lSa 6i4 s455s 100 s7,347 5,2
The New York imports OF dry goods compare as fol
lows - -.
F~ s *, ss.t ,I Ises isss :, 1890 sec %,
Thrown on msrkct.. 7Oo,sA a,s5iS2a s,i7a,aea
lStncc Jan. I.
Thrown on market. 10, ssS Ssssiois si,sas SIS
Tho Philadelphia Board Of Trade memorialircd Con-
grsss May last in vor OF free trade In money any
thing contrary TO which n entirely behind the progress
sive spirit OF the age for, while usury laws nHIct
dspoc and arbitrary rates upon people, and therefore
Sncroach upon the liberty and right OF judgment Of In
divduas they inct direct injustice by rendering void
ali contracts made In ignorance defiance Of them The
memorial In question asks that while tho States respect
lvsly may nx their rate Of interest present
private express agreements shall be held Invalid
IN consequence OF their nonconformty with the State
regulations regarding usury except the Of pawn
brokers' This strikes being fair TO all parties and
u to DO hoped that before long Congress viii have tho
good and the justice TO pass such Law that
asked for In tho memorial the text OF which Is as toll
lows:-
To rHR HoyoRABLs THE SENATE AND Horss or Ryrpr
sKsrArvys OF the UsusD SrArEs AMERICA IN Cox.
The memorial Of the Philadelphia Board OF Trade res
pecfuly represents that in view OF the progress Of leg
sation abroad. and OF opinion Ut home founded upon
The experience o. the met commercial nations Of Europe
10 desirable that al legal restrictions upon the com
morce N money, ana upon rates or interest for Ws
should b abolished The report OF special committee
OF the Executive Council Of this Board herewith rec
pecuIy submitted, accompanied by copaes published
by authority Of report OF select committee Of the
british House OF Commons, "appeinted 10 consider the
effects OF the laws which regulate interest
on money" dated May, 1918, with the evidence
appended; and also Of . report from q selec,
committee OF the HOUSE OF Lords appointed lin session
OF 1s4iD ITO inquire into the effect OF the alterations
made 10 the laws regulating the interest on money!
with the Testimony appended and also copies Of three
acs Of Par,ament dated respectively 17ih July 1887
Goth July 1882 and 10Th August 1894 abrogaion OF
their usury laws Your memorialsts respectfully urge
that By the fourth and sixth paragraphs OF section eight
Of the FIRST article Of tie constitution Of the United
states Congress 10 invested with authority 10 regulate
commerce among the several states and 70 coin and
regulate the value OF money. The life blood Of COM
merce ID money and IN all ages and among oil pccpls
iis complete regulation has been among the
proper attributes Of the supreme national authority.
IL Congress should respond TO this appeal BY
legislation, respectfully assumed that IN the absence
Of special contract between borrowers and lenders the
rates for the Of money established In the several
states should rule And thQe may b mqor excepy2ps
general repeal Of reatrcfions - IN the got or the
British Parliament Of 1884 and such - may be sug
gssted by any local ergsnciea Firmly believing that
when the truths involved shall b. generally understood
Congress and the American people will not long sunsr
themselves 70 b bshnd the civilized world IN their
laws rsIat 10 bs 56srce In money, your memorial
's respect ay pray ihat ali tbS documents sscomRsn
VA tbs octIcn shslI ~ ovdsssd N p-nfs" M sssssM