New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-11
THE TRANSPORTATION PROBLEM.

SESSION OF THE SENATORIAL COMMITTEE.
The Senatorial Committee on Transporta-
ton held their first session yesterday ut the Firth
Avenue Hotel The members Of the Committee present
were Senator Window, Chairman, Senators Sherman
Davis, Conkling Norwood, and Conover. The Commit
tee has large mass OF statistics and other valuable In
formation which has been collected since Its organiza
ton, but matter being still in crude condition.
none OF 1t be submitted TO the public at present
The Committee will remain In the city during
the remainder Of the week, receiving delega-
tions and making examinations with view
to obtaining all possible information. IL In
expected that many prominent business men OF this city
and neighborhood will take advantage Of this oppor
tuny state their the question OF the reduc
ton Of freight tariffs The Committee has been reading
Of letters received from the different railroad
companies, Produce Exchanges, Boards OF Trade, and
Chambers OF Commerce throughout the country rela-
to the question OF cheap transportation The Com
mttee will hear testimony ia open session today aud
will with the Joint Committee OF the Legislature
tomorrow.
OPENING OF A BUTTER AND CHEESE EXCHANGE.
The opening of the new Commercial Ex-
change established by the merchants OF the Butter and
Cheese Exchange OF this city, took place yesterday
afternoon, at Reade and Chambers-ss. Three hundred
members present, with invited guests. perma-
organization effected on juno Letters OF re-
greet were read, yesterday from Gov Dix, Mayor Have
OF the Produce Exchangej s. b. Chittenden, and the
Hon. Horatio Seymour Tho opening address OF Presi-
Fairfield very encouraging far as the pros
poets of the Association were concerned He called
attention to the great interest manifested In the move
men and its great Importance TO the commerce OF New
York. The following, read by Secretary Morgan, we're
adopted:
Whereas, The transportation question now adtating
the producers OF the West Is extending TO the cities OF
the Atlantic seaboard and arousng competition Tor the
commerce and carrying trade IN agricultural products
and exchange OF these commodities; and
board cities recognize that this commerce leads ali other,
and that II is vital to their interests that they become
united in giving 1t every facility; therefore. be IL
RcSOired That the natural advantages OF New-YorlI
prise OF her merchants and carrying companies snail
equal that of the merchants OF Boston, Montreal P0r
Land and other competing cities in order to maintain
Resolved, That, therefore, iemphatically ndorse
any movement which tends 10 cheaper transportation,
and facilitate the storage. transfer and exchange OF
agricultural products in New-York'
Resoired Tnat. as forth pamphlet form and now
utted TO the uublic IL Is tie purpose OF sthe mer-
chants Of NewYork in shng this Exchange to add
an indispensable facility it, commerce wncn Will re-
suit III the removal OF n burdensOme the move
mcnts OF produce IN this market.
aThe Hon. Erastus Brooks then made long address in
relation to the enterprise. Speaking Of the great
extent OF the produce business he said:
You have around you direct business capital lof
s3OOOO0G. You have 100000 tons OF merchan-
disc with. You the direct representatives,
aud cheese, valued at s50OOOODO; OF valued az
t26,OOOCOO. OF wheat at s240O9oOO Of cut meats at
S2,oOOOO, OF petroleum Sl0,OOJ,000, and TINS last
ony a part OF the general eXpor' OF the country
garden which feed million daily upon
this narrow island, two millions within sight
of the building where / speak. and OF many
millions n more distant parts OF the country and
world. Three thousand Ncw-lurk merchants conferred
mere IN eorrcspoudcnce aud cooperation with the 1900
great daily factories OF land Will control and
vial TO the commonwealth ana country In value it is
counted at home by three Il half millions "A month,
while foreign shipments Tor this month have
been one-half Of this amount.
A short speech made by T. c. Peters, formerly
President the Agricultural Society the close
OF which the company retired TO adjoining room,
where refreshments served. The new Butter and
Cheese Exchange will open to-day for the transac-
tioa OF business.