The New York herald., 1867-03-22
CHAMBER OF C0MMEECE.

Resumption Of Specfc PUyments-The USurS
Laws-Piers and vharves, OSc.
special meeting OF the Chamber Of Commerce
held yesterday afternoon at one O'Clock.
REsuxPrIoS OF srxcIE rAyHESTs
Mr.. r. A. CoSKrISG offered the following preamble and
resolution which we're, without discussion. laid the
table for future consideration
Whereas the establishment. maintenance and universal
ns on 81 10 he srowh & eveo
men Of industry and the sure end steadiast rropey OF
from such standard only dctaet AMI excused by the
sSo-o % the o. aoaa
aud whereas owefu atrrss are now striving 70 psrpe
iegazed wholly unconnecte with any actual
alleged Inability OF The government TO resume specie pay
Esoived That in the Deliberate juagnen, of this Cham
national honor lhat lie federal Treasury shall at the
p al m pa ss a demand IA s or ro nr time o s
IS THE LATE WILLIAM X. srHcNa.
Mr. Coor1g offered series of resolutions enloc zng
tho character Of the 3te William X Strong and condol-
Ing with his family upon the loss they have sustained
has death.
Mr.. CoSKIs1 seconded tho resolutions in n brief
speech in which he referred In enthusiastic terms 10 the
patriotic services Of General Strong in the suppression
Of the rebellion. The resolutions wero unanimously
adopted.
TIE rsURY LAWS
The committee appointed to consider this subject pre-
scented memorial " be sent to the Legislature 4
approved by he Chamber Ater reviewing tho injuri
81 ss S.y sa .au s,,aa ous =
Your aists would respectfully suggest that the
repeal or Usury law OF 1891 merely retaining The
present e al OF per cent per anrum 70 gov
orn, when other has been agreed upon, would
enable the ncxbity and natural ease
which, IN sefadjrstug manner, corrects or greatly
all the financial disturbances IN England We
Should Ind that the legitimate operation oil
;e Law nov sought for oy your mem0I.a aas
stringency extra demand for money began 70 show
iiael, lLe banks, when permitted by the barking
laws of the federal government, could gradually raise
the rate OF increst as they do IN England ard then Us
their demands taking moro than their present necds
absolutely rendered necessary Spec ilatos woud era
dialy receive a check Banks could bus economic
their means without essentially decreasing Their earn
ngs, aud would nave money enough for all who abso-
lnteiy needed Il Active compciitio among lenders
would at the same tne bring down the rate of
interest 10 a moderate scale Banks and BANKERS.
longer ensayed by ''crcnoas devices and menal res
ervaons" would enjoy the proud con ciousness that
they were a Least DOING business strictly according
Law.
The memorial after considerable discussion,
'hoos'y auop'e' rrru. Axp vr,nvrs.
The COMMITTEES on Piers and wbarves presented
second report piying account OF further scheme
for erecting pcrnascnt whnrycs which they had
amined and recommending that three such wharees be
Constructed To thoroughly test the OF
plan The report laid upon the tsbc 10 e eivc the
further consideration Of The Chamber fnturo meeting
Mr. OrpyKg offered the follow nf resolutions sAicn
wera unanimously adopted, AMI copy OF which
ordered 10 be iorwarded 70 the state Legsalufe:--
Resolved That The pdled condition Of The piers aud
vharves of The TIE city New YORK renders hea
nadeauats 10 the c0iImerce pse 10 he
pu uuic health, and IN arous 10 the financial
kesoyed That these evils shoud bo PROMPTLY removed y
Appropriate legislation and 10 the Judgment of this Cham
be, tho of commission with suitable powers
would be the best means OF securing. tae uesirea
Tho Chamber then adjourned.