The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-08

Adoption OF Resolutions for the Repeal OF
the Tax ON Cotson-Congress 60 be Me-
moriaiized-PrOp0sition for Return 90
Specie Payments.
The Chamber Of Commerce met yesterday, MI VIM.
Z. Dodge, president In the chair The minutes Of the
previous meeting were read by Mr. George Wilson, act
ing secretary ana approved Nj. J. Frye was elected
member Of the Chamber Mr. F. s. Lashrop. whose
term OF membership Of the Arbitration COMMITTEES had
expired, was unanimously reelected.
Mr. W. +. GzuyrH spoke OF the death Of Mr.. A. W.
Bradford, and offered resolutions OF grief At the death
OF the deceased, and commemorative OF the loss Inc
Mr.. MAURY said:-I gave notice on the Sd ult that
should to-day move 70 take up the question OF the COT
ton TAI, as the importance Of repeating seemed 70 me
when ii was two cents per ID and the House Of Repre-
sentatves had already passed bill for raising 10 nve
to any increase Of the tai and - the approved
the memorial compromise Of three cents per Id. was
finally passed BY CongesH On 22d November in that year
this Chamber finding that the interests OF the United
States at large were already suffering from the three cent
tax, and would probably suffer still more BY any tar
cotton. adopted the report Of committee in favor Of
abolishing the tax and directed memorial Congress
70 be prepared in conformity with the report That me-
mortal however was virtually rejected BY the Chamber
on December "a for what precise reasons except pre-
arranged opposition, 1t is difficult to imagine as the OPP
ponents were not very conversant with the merits OF
the question. Mono Of the members OF the committee
have since resumed the subject in the Chamber being
apparently content 10 leave the course OF events TO
prove the correctness Of the positions taken IN Their
already been sufficiently proved, and much change OF
opinion having taken place among the former oppo-
nens OF repeal OF the tax, 1t seems proper time 10
the question again. He offered resolutions calling
for the repeal OF the tax
Mr.. OPpYKE opposed their adoption. The cotton tax
was the only one which could be collected from the
South 1t was unfair 70 sgmaze the tax as unjust and
oppressive
might be oppressive. BY imposing such tax on the
cotton OF this country the cultivation OF u in other
countries was fostered and furthered He believed also
that every Northern man who had TO raising cotton
had found 1t losing business and the production would
necessarily be reduced by so heavy tax. The south
was bowed down with poverty and the income tax they
paid showed such to be the They needed encour-
agement and the helping hand Of the North to bring
them up
The PRESIDENT thought the tax was njudcious. He
thought, also, that the had been imposed by the
North in vexaton at having to pay taxes caused BY the
South.
Whereas The value OF cotton than much
twelve months owing to of no temporary nature
Resolved That the present tax cotton unjust and
Ss apS so Se
dered that OF the crop nave ordinarily to had
Resolved That by driving agricultural industry 70 other
pursuits than cotton in the soil and climate which are the
known the continuance OF the tax garng waste OF ma
Resolved That while the tax dscourages the production
Of cotton ID our own county, abroad 70 the
trade Of the United States
Resolved That the is injurious TO the freedmen and
IN the SOUTH because obsrucs the cultivation of
land and employment OF labor
Resolved value of cotton low in the
of the South that the twenty
per cent upon the gross value.
Resolved That therefore the ought 10 be abolished
the earliest possible moment.
Messrs. Low. Maury and Conkling appointed a
committee TO prepare memorial TO Congress in conso-
nance with the resolutions.
Mr. Low offered the following
Resolved That committee of Ave be appointed to con-
slider the subject OF PAYMENT and to
port Chamber the therefor the earliest
date at which resumption OF specie payments be
practicable.
Adopted
Mr. Low ase offered the following
Resolved That committee of three appointed report
the draft of the memorial to Congress- for
sion bonded goods from year to years
without any additional charge Of duty.
Adopted.
MIR. Blunt offered resolution for the appointment OF
committee to prepare memorial Congress, asking
for appropriation Instructions existing In
the harb0r.
Adopted
The Chamber then adjourned