The New York herald., 1867-11-27
NEW YORK CHAMBER OF COMMERCE.

Special Meeting and Report Of the Commit.
tee She Resumption Of specie Payments.
special meeting Of the New York Chamber OF
Comnercs was called together yesterday afternoon to
consider tho report OF the committee appointed by
Chamber the subject Of resuming specie pasments
Ex-Aayor opdyks was appointed 70 tho chair In the
absence OF Mr. Dodge, who afterwards came; after
which Mr. Low read the resolution adopted a ths last
me citing calling the present special meeting
ar. RoBEsrs moved that the meeting be postpon cd
hour, as yesterday was mail day, and the English
Persia having just arrived many OF the gentle
nca.ons so them BY the that sails
to day.
Tue caxwxAs then called attention point OF order
the following - the substance Of the report that
Inc COMMITTEES appointed BY tho Chamber OF Com
20 consider the subject Of return 70 specie pay
meuts the therefor and the earliest date At
which a resumption OF specie payments may be pract-
cable, report as fo.lows:--
There bat corrective and that s speedy return @
ceiy from brief concentration OF the evil
IN f sa ss @ iii
tender before Congress- and the strongest
s aaer YIN" n ve q Which who acs.ncsd se
capita . The county m time ., IL rmos NEED % now stand n
them and found not in the lester Of
I.hss been ne q tne 10 Secretary o. The Tres
y IsrSs rom he ssPs & 20 nrss Of ss es 20
nnes and thus approx Of the dollar whether
fo ths poy Cone.s has hitherto rendered loyal sup.
port this is 10 DO hoped dcspise all efforts 70 the
The aalis inasescs hat is relied plunge
Ia Il ssla 70 ss ao strongly deseiopsi % the Vets The
made b. Western In al the Of the
aods warrant attaching ths, section unworthy
fsc resolution nader which they scaz directs your
eomicc % report "ths earliest dsy aiwh Oh return 70
Assuming that ccnCess VII adhere 70 the policy Of con-
liihero scndv pursued. neither bsenng 70 the
tend dshopor, yonr why faIl
Tssampes o. SPECIE psy%sn's % may nos ia .se p,.ss IN
debt o. government shan have been FUNDED. 49,
sncs ss nov EXISTS IL the gold currency
ins.aian-ousl, with oiheI i
i % b s1psced thst return Immediately OF for
deem with icsaf tnaer must Ie continued and illegal
tender be brought perform the same oace - gold at The
hut your committee do not admit ,a. ,hsss any such
recently assigned 70 H. asd little psiisnce viii determine
s. un s r ss q
o y s. % s' ia. sSs and roas
q ferry Per cent ~ carency .as exhibit. the
oa o oa as -1a On @ S
pscssd 70 advance S-sri passsl "
he & Ss mss' 3: &
be replaced another Of enlarged dimsnslons ana ~
live on nred salaries w need 10 have their salaries
relieve hs rsushs By ssrsvsssns living and
KS he opsios committee that the return seeas
payments viii affect The Interests Of the or the
people the mechanics, the agrcuurss the laborets and
the poor Of cvory class more avorsb than those o. the
r1ch.
There has been . since the war ceased when
ehsndse from quarter Of the globe could be npored
ino country and yield handsome profit 10 the I'M
porter aud Jet tnc prem gold higher than
nov, when aimost everything ID losing money.
The volume OF duties RAPIDLY increased
and gold poured Into the vaults Of the Department
tl absorbed nearly Al iae floating s.ock Those who
slshs burden . cAr sad all who engaged In foreign
compslled 20 enter into esmpetcn With those who 90
it, currsncy ciAnor against the sale of gold abso
lary nseJ.d for common use and treat every attempt y
accommodate the mercantile community an unwnrrAnt
able intsrfcfenee with the commerce OF the city.
| Az . preliminary 70 the resumption OF specie pay
msnta was umed N the report that all the floating
debt Of the country, except tual illegal ten
der" must BE- funded; and n the SECOND place. that
gold and grrenbScSs might be made OF equal value
Congress enacts tnai the latter shall be received In part
sLa 70 say 60 the extent Of ten per cent for duties q
the custom nouse.
| rnis report was s'gsrd BY A A. Low, Frederick 8
| winston y j. bAboccx and W. NJ vcrmyIc; aod wa
unspimcosy adopted ty tue meeting after some iittls
discussion. 10 winch Mr. Low, Mr. Chsndsn. x-nayoI
Opdykc, II. Conkiin and others took part
The report ordered be petntod and crcnlated
and ths mcsrsny adjourned hais-past two O'Clock