New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-30
COMMERCIAL ARBI1RATION.
COMMERCIAL ARBITRATION.

COMMERCIAL ARBITRATION.
APPOINTMENT OF Ex-JUDGE NEUTRALITY-SUSPICIOUS.
OF THE CHAMBER OF COMMERCE ACT.
Among the appointments confirmed yester-
day by the Senate Of this State, in Executive session.
was that Of exJudge Enoch L. Fancher Arbitrator Of
the Chamber of Commerce, under the new act passed
to provide for the arbitration OF mercantile disputes
in the Port OF New-York" This plan OF settling dis
pues has for time been earnestly advocated
by the Chamber OF Commerce In this city,
and the act confers "on the Chamber OF Com
merce Of the State OF NewYork' certain legal
powers to be exercised in the following manner: Any
one having dispute upon any mercantile or CONNER
cal subject may summon his opponent to appear before
the Chamber OF for the settlement OF the dis
pue, providing the controversy arises within the port
OF NewYOrk relates 70 n subject matter coming
within said port established by act OF Congress Of
March O. l7s9 The serving the summons shall file
proof OF service and either side may nile In writing
objection 10 the Jurisdiction OF the Chamber OF Com
merce. Upon the fling Of this objection the matter shall
be dismissed and further proceedings had but II no
objections be fled both contestants shall be held to
have submitted to the jurisdiction OF the Chamber OF
Commerce in the matter, aud TO the arbitration Upon
the Chamber OF OF Commerce acquiring jurisdiction Of
any matter it shall be urged forward to settementby
the arbitrator Board of arbitration, the respective
parties In action to be entitled after submitting TO tho
jurisdiction TO nominate one person TO sit with the ar
btrator to hear and determine the natter aud the
award therein But il they neglect refuse TO nomi-
naic each one person shall be held that they have
waived their right and the matter snail proceed before
the arbitration alone; Adjournment may be had for
either Side fails to appear al the time set down for the
nearing without good reason clearly shown, his nom
nation shall be vacated, and second person
nominated to act in his .oon place or In IN
the arbitrator sheud appoint dsnerested person to
act II side shnll have nominated person, and
sa appont dsinteresed person to sit az
member of the Board OF Arbitration, and the matter
@ or The snail 10
the arbitrator honestly truly and fairly to hear ana
traitor taking Office, will be officially sworn to per-
form his duties fsy ana thy ana na avs csn at 20
administer oaths, take proofs and acknowledgements
and Ta like sns ssa Il be
deemed willful perjury, and punishable as sucn;
The shall nave power an s ny 70
give u stimony upon notice to both sides should such
additional testimony be found necessary 70 secure JUS
writing and the same shall be ned within 1--WE days
power to make an carrying out tho provision Of
the award, which order shall be aled with the County
GeyH O sn entered up and execution issued and
forced, in the Supreme Court, and judgments
thus '4a na Dc or appeal
for fraud couson on the part lof the arbitrator or
and shall be upheld by the Courts but the arbitrator
for good cause shall have power TO defer making the
order the cases to heard providing the party
ennyiug for the rebearng shall pay all costs The oct
mn9wers the Governor appoint the arbitrator, and
tbs Chamber OF Commerce to TX the salary The Cham
her of Commerce shall elect the arbitration CLERK,
who shall be commissioned BY the Governor and
sworn TO perform his duties, which are speci-
ded in the act, the Chamber to pay bis salary
arbitrator shall devise seal OF his Office, when
seai with his signature shall be taken as prima Jaee
ydencc Of the documents which 1t may be appended
The Arbitrator shall adopt simple rules to be observed
in the proceedings and shall have power to order what
49, he necessary. The arbitrator shall hold once
airing good behavior, and shap be removed by the
Governor II found guilty OF malfessance IN once In
80 -, removal or death, his successor shall be ap-
Wanted by the Governor The stealing mutilatng or
ataring OF the records kept by the clerk OF arbitration
ANAL be punishable under the law WIN regu
m the Office of the County Clerk