New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-05-02
THE CHAMBER OF COMMERCE
PHELPS. DODGE & co. SUSTAINED.

ANIMAL sEssION-THE TARIFF LAWS DkNOONCED-
INTERNATIONAL COINAGE.
The Chamber of Commerce held its lO5th an
mai meeting Yesterday William E. Dodge presiding. A.
Nv in behalf OF the Executive COMMITTED, presented
.a.out,ons in favor OF the Nautical School recently
authorized BY the Legislature. In accordance with hs
snroyisions OF the act John ID. Jones, John h
MYERS and Henry A. Barring were appointed
- committee TO represent the Chamber IN the
management OF the school. Abram s. Hewitt or
Committee No. presented report in regard 10 the
announcement OF the navigation OF the Harlem River.
,ey have ascertained that private corporation has
heen chartered by the state FOR the Accomplishment
OF this work with the night take tolls; that the Com
snissoners OF the Department Of Public Parks have also
Keen authorized TO 90 the work that oil Is alse
pending the Legislature Incorporating The Mammalian
shin Canal Company with authority 20 do the same
work ana levy tolls. The Committee reported that II
was incxpedient for the Chamber TO make any recon-
mendatiun 20 the Legislature, except TO make no new
grants and % repeal all charters giving 10 private com
paneS the control Of enterprise Of such large value
o. TO make Il a matter OF national concern.
samuel b. Ruggles Chairman OF the Committee on
Coinage reported that since the last meeting Of the
chamber 100000 N the silver metrlcal halfdoilar
coins authorized by the Coinage act have been IS
sued from the mint In Philadelphia, most Of which are
now on their way from The port Of NewYork to foreign
countries. Tho Committee have caused specimens OF
These coins 20 be accurately weighed nj tAo United States
Assay Office this city, where they were found 10 Welsh
gully 2t grammes being One-lal Of the weight OF the
Overland COIN of France.
In view of the usefulness IN commerce OF the new
silver trade" dollar introduced into The Coinage act on
the recommendation contained in the valuable report 10
fhc Secretary OF the Treasury November last by Dr.
Indeman, now Director Of the Mint the Committee are
IN consultation with him. in this city on the sub
feet of intermediate sold eagle, for purposes only
81 commerce. not interfering with any existing gold coin
d andy
smatnE So in value such coin and It's mutpes 20 bear
some denomination properly significant Of monetary
rniOn between Europe and America, North and South
M Rne-es requested prepare for the iuforma
and OF the Chamber history Of the efforts OF
ebe commercial nations represented international
congresses % establish coinage for the use OF
che world
yr. Dodge called Mr.. sturges 10 the chair, and the
Nominating Committee reported the selections for OH
for the ensuing year They duly balloted for
and elected. follows;
President, William E. Dodge; First Vice President.
George Opdykc; second Vice President. William NJ Yer
nliivc Third VlcePresideut. SAMUEL d BdDcOrk Fourth
Vpe-PrcsiGeut Soou Humphreys: Treasurer, Francis ;.
T1fLruD. Secretary. George Wilson.
Executive COmmittec-A. A. Low, Chairman Charles
n Russell john C.. Green. JauieS NJ Brown. r. Warren
Weston. William II. FoEg, jackson schultz. samuel b.
Huggles. ID. Willis James Paul y SpchOrt, John IaJ lOr
Johnston, Elliot e. CoTdIu, Sinclair IOdsey
Mr. Dodge again called ~ the chair and responded
feelingly a follows;
GENTLEMEN or THE CHAMBER: ] thank you for this
renewed evidence Of confidence. 10 had been my
attention % have deciDed this year had it
been rendered other duties demanded my attention,
but the kind iHtimauOu OF your Nominating Committee
led me- in the peculiar position in which have been
placed before the public during the past few months, TO
allow my TO be again presented and your action
81 this tho gratifying It gives assurance
OF your continued confidence. 1t has been not little
trying 20 publicly accused OF attempt TO defraud
che Government while for the moment we were not
prepared explain our position and yet having per
feet consciousness Of having done nothing TO warrant
che charges made against US. Having been actively
engaged in business in this city for nearly
aalf century without ever having my integrity
called N question, II was Notifying in
the extreme 70 see the newspapers from day 70 day
placing NY frIn before me PuqHc ~ sncH POslon az
IN a systematic ATTEMPT 70 detraud the revenue may
n nis Lad been simply matter between ourselves and
the Government 10 could 40 once have been adjusted
te revenue laws 40 present administered 0ner such
premium Tor officials tnat even the rum OI ner-
chants standing 70 be considered when there rs
shadow of chance % secure money even oy making the
better appear 5lt worse a. o a. 49, tbeV conid
bs1 dozen LAWYERS. who were devotBg all
Their efforts 10 secure their end, even at the
cost o. good name. Fearful cndIB5s "cIo
made I'M uuHic and In private so % ntlmidate US,
while We were denied the proof which the Government
officials assumed TO- hold by the possession Oh oI @
and plDrr-. our public statement VIII nave e4pialnel
more fully our reasons offering IN settlement lOf
what we llvralwavs claimed only technical errOrs,
a winch comparison with all Jhey nave Oee aDc
prove many hundred times IN excess. VIII OIy
add that since have fully UNDERSTOOD me cdSo VIC
have continued 10 regret ever having paid do4AT'
Geo. ~. Dow offered the following resolution
Whe- resolutions touching ne ks'elle oI IAfA ~
e usirr uerr Introduced ao ts The 7h Of March
COMMITTEE No with power 70 s0a ~ - 1unDe
fgr consideration aud report and whereas lhosi
deemed lezt1elt a. sls mo " 81 ny
Of lie eIctements atteuas he
and whereas luls suUecs
Of The highest importance not oay |" INC ~e'0@
oar-uritr but also 10 ouro country therefore,
I.st1Ir~ give earnf
70 we
~ -.es and ssitonsl du.ies IMPOSED, aud 10
will protect tie honest importer
f ~ which should all oulf tLose w" are
sot uncrupuous d Committee herebY requested y
ur before he 4la DAY Of December next
NJ Dow then spoke of the Inconsistencies OF the tarn
laws ard me difficulty which honest importers hu III
iuterprstiug them. he denounced a ~ stem Whlch
rIassed honest importers ana sWlndlerS IN the same
reuf of the Chamber when no declared MS unshaKen
faith in the integrity and honor OF lam r. DOuge anu
tbe hausc OF Phelps, Dodge Co IApplauseJ -,
Mr. Hewitt second TIE rcso4uIODst anu nalu
that there TWO objections 70 the laws. Oho was
fIe .T1Je imperfect ana improper laws themselves,
and the character Of the officials VINO executed Jheui
de eul0gized house Of Phelps Dodge * COf cbaId
teriziug 10 as Of the most ustrlous IN tue "OiIu
The resolutions were then Unanimously auOpteus
Mr. Hewitt on behalf II Inc trustees VI Cooper Union
oF5 he arge ball OF their institute on the occasion
oil ne address Of Vim. 3. McAIpue on luland wafer
characterization" which will probably DC ueyeIeu aDOuI
May z. shipping Commissioner duncan deuEereu a
long address relation 70 the workings OF MS once auu
The close o which the Chamber passed vote sustaining
AIN Id bis contest with the landlords.
TEE ANNUAL DINNER.
SPEECHES OF WIN. z. DODGE, THE REV. DIR. ADAMS