New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-01-08
CHAMBER OF COMMERCE.
MONTHLY MEETING.

Mr. Opd kt as chairman Of tie Committee on tho sale
OF the Battery Grounds reported tnat IL was considered
CONGRESS AND TIE ATLANTIC CABLE.
Of the distinguished gentleman CIR. Fiell whom an IN.
fortunate accident detained from this meeting he would
submit the following memorial aud ask its adoption:
10 ne Sast cad Hou er IenHtasro II hs rnid states o.
TIE eos q is Chamber Of Conuereo Of tho City EerYOrt
l ar y 1 ;1 sS cc %'oI sr ' % IT, i (,
gbrasas cable, the Ae, q the ried safes and Hee.ag
try aud that the landing Of it. cable coast viii tend 1t
be hep payer d lie "a. aG' .o Pi Sa nt ~ '''
REMARKS or GEN. II. wALBRID0E
Gen. Wmbndge in referring TO tic recent speech OF the
American Minister ststlng that ne state OF MARYLAND
10 land its cable on her shore, said:
Mr. Johnson claims he old lawyer; he Is n very old
respect TO the powers OF state might suppose him
| to have graduated in the iuterreenum between tho
DECLARATION Of Independence and the adoption OF the
lie declared in his speech that our Government did
diDer much from England IN the great principles upon
| which it was founded" declaration In harmony
he repetIflon Of laHdaiory deciaratcn Of tho British
Government made by hlin IN the Senate in 1881 which Ivy
comparison dsparaged his government. II it were
true To the extent he would have implied no nust have
ayoTed tla as consequence thereof the Congress- me
the Parliament has exclusive control Of It's waters aud It's
commerce. OF his similarity there Is not question OF
doubt yet. strange to say Mr. Johnson Immediately fol-
which analogy with England would glTe IT, II issrshGt
IFanent w4nd NOT permit iorsigIers 20 land tei.e'ph
Minister johnson says Iheyhaa mad. eges htate sspI
is ZEN fcS S and Gestho French conied
crates Eiangr, Schroeder Eenicr 90, ranted 10 eaISy
Sq 10 one eco eO,c l,,.e@ 'ic from going Ierc
Ono would naturally have supposed that PIT johnson.
he msDprehended the question OF law hut the result ~
the late conflict WIZ tne sonth ~ouiI haye tane., nm
Sovereignty ia tho radst Of hungry and disappointed
pack Of uslOC0nederate bOndhoiders ~ bad taste
5y anybody after the passage of the 14h Amendment;
But for the American Minister it wosse,it was afro
oious. Object this Government, through It's Minister
ccawling ~ th0feet Of British Tories ard Pirntes.
As to the sights Of states ~ their territory do not
deny IT, admit al no rshls granted thcsn ~ their
under the common law, sut these rRhs which the
froIs States bestowed upon tbe Unsa stnics by
the Federal Constitution. Nhstever power The satcs
possess they derive from tie I@oPe. Whateyrr power
tho United States possess they aeiivc from nc people
on this continent of Aisetca but only Tee SoreTd9n
people!
local governments OF right 70 do certain thGaua ho-
slowed the power upon tho United States. AmtHg these
commerce among tho states IN prce of -nla and
other powers conferred by tho Constitution. bald
and build forts for the prGtrcion Of our commerce We
build customhousos, aud collect revenue re arm
~ maritime t.ansporsr regulate lilo culse foot
OF sir that shall be granted 20 ougrans, nnd Other
wise throw the protection Of fag over the ~ and
commerce OF cltlz0ns The ocean 10 the high way NJ
the world but the shores Of America belong to TIE people
OF America IL Is tho United siucs aud not tho state
which may grant rights and make contracts with rsepet
10 mail service OF commercial relations; ami tho only
righs which aliens eau have are those scored by treaty
OF the naturalization laws No State periui aliens 10
build lighthouses or construct dcienses for per-
sovereignty may have been or may be it, soil. It is
longer independent bur bOuud by ts compact wb the
Union. Ohio Jnd Iaos have vested interest IN the
Atlantic coast and the mouth 81 tho Mississippi. 10 say
either of them without OF Lluos ONO aud
the great Mississippi Valleys preposterous snd absurd
The memorial thcn adopted.
BrsUNfnoS.
A A. Low. esq presented the following preamble and
H4e lie Consultation United give, t. corsre,, tn,
40, ,5 est Ia, s.,sis t, al tn,
s, s1 aGa I S tI "a M -s a .1 =. :.
q us apor ehHs - indispensable 70 'raie r'h
ia git uu'sr srer iri pov su .ae
es, u ae TORN and alhef pi,r ,usy ssl
. .r s z y s rsS ' d. To- s al s e s: :s
,eIst on Of eufrs1y os fl,ena.r to gold Th-reforc
h,s,,; s,s,. S.,s'sblsS e. ,tspt H. es I'd t
Representative. tie ioA di Of February los Tie obs.
which fahsisut aly - iSioWs
& - , ,b osstb H. ~, "a 81, "a 400
bs.sg a,,amsd N tho a ir.ispee sa az fd,r
Of one per cent pr moaih m re es moniA u e sss Of
o cot. god the - q Ps'a' isl
the rae IL March Viz '' "a 10 " To- --4 ia A'" A. - i00
Rrd rur,r Chamber copgr,,, thi,
ordI 70 Ct any aelgt "a re pablo ls,saa'' er1 b, sles ieP
t"a OF est f't pS T,, We 49, ~, 'l 20 A-h,ri.i
deemed erPes to shs isi eI;eH Of sasA redemption and
. Rss 1 That "a order to proe, .nd .lr.o,,c,oa.
% Of the bands TO Pc Issued paSs o. 'n 'ss'4 lglss to ts 80
Of If
rloHo sga 'ss.s ai thee eens 10 A,s receivable H Tie
CoheI 9, W JV u - ~ d. ~, ,t o. 80 a., 'oaS
ised as to sdral, o. additional Issue
Ra erqy TN, hi, clsHhs, recommend TO cenUe'. mol
which ls SeIr,- 81 5 g,, az z. ' mG ,, s e ~ H.
d She foregoing porsos for rtd.e@ng and ssh'epg end no,s
saus Of sa notes contemplated by Tie plan Of redemption above
ard said: This chamber has several occasions mani
Tested its desire FOR an early resumption OF specie pay
mcnts-of earliest practicable resumption. Il has
tent TO await the action Of Congress Ia this rege has
been content to await the conversion of the temporary
debt Of the Government into Appointment debt Knowing
that action could be properly taken toward thus desr
able end Till that conversion had taken place Congress
also has been content to await tho Judgment !
Of tho people Snd nS To the propSS' time seems
done toward correcting the great evil of our day. have
S % S a oo ss, T o Snyo Tss
ably than any other because in It's operation II Will no
view OF it, DO know what obstacles may be thrown
IN the way ofany pr0posCl that may be- made on this
into. but this do know know what iualady Ia
and know the remedy. oi tho timo at winch
certain The preamble and resolutions which now
submit to the Chamber an not prepared fully discuss
ut the present time, and that they
Committee, aud that they be discussed two weeks
anyone interested may read thc and is fair TO sup
pose that Ia this great metropolis OF the country many
will be found to consider them carefully and fully Now,
the Constitution only delegates TO Congress tho
thereof but during the war it became necessary from
the delegated power, to implied power
legal tender That the Wow Of Congress, and
concuIred In that We all know that CON- us a cir
culang medium, ~ necessary 10 france Paper money
is departure from the Law which should regulate IT, and
We know that when Government departs from its dele
gated powers and makes paper money legal tender the
obligation follows by implication that is bound to reg
uate the value Of its paper money That IL has never
done. II issues grccnbacks, and calls upon
the merchant TO pay coin for duties Paper money has
no yano az standard OF value We have seen since We
began to issue paper money that Its value las varied
Two dollars and eightynye cents were given in paper
money ut one time for gold dollar And IL IL remark
able that the country should pass through such changes