New-York tribune., 1874-05-08
COMMERCE DEMANDS ARBITRATION.

npff7n OF ~iNol r. o'FpAi.
Mn. President AND GENTLEMEN OF THE
CnluBEG or COMMERCE: As long it is human to dis
agree, the methods OF settling disputes viii be OF absorb
inc interest IN, sword, diplomacy, the courts ana
arbitration arc the recognz instruments and channels
Of peace. Tle sword secures the peace OF death; d
ulotnacy often ombrOils much ~ 1t picin3si the
courts though crowned with abundant iaures are IN
ADEQUATE to every emergency; anu arDtrauoh' the
Youngest sister of tie band is sought with increas
ng hope in hex magic power OF justice aud ieconclla
ton,
The recent Il ogsature has established facility Tor
settling individual disputes IN mercantile aud CONNER
cia matters in this port which has long been desired.
ana Is mt length happily attained and the Governor,
by appointing an aDle, cXperiencel ana uPIIent yuh
al arbitrator, mas Conferred lasting Denehv upon 'h h
commercial world. Before him parJi contracts may V
enforced; contract may Ice construed even prlOr 10 id
executions; neither party Will be punished III co3Is a,i
N necessary to enable Justice to be done aidltiOhal
testimony 10 that put In by the plfues hiJ oe tdhou
These things indicate JURISDICTION 10 Wien le uuut,
are strangers. Tne appointment OF tHo hrDllIa.oI
il for life; parties coming before nm lhaJ cl.nc
proceed before MIN as sole arbitrator or may eLc"
choose person TO sit with MIN, IN Whlch case th1 ma
jUi1ty will control Tio award IS speedy aIi nla sG
ement OF the dispute, not subject to DC SET slae " te
In contracts II - frequently prOFieu ,na,' III
case of dsagreement between tue parties, he mater
shall be settled by persons selected one Dy ocn
and in case OF their dis1greonent they may cno5sc
third unplre HercaIer such contracts may,
in an easier and better way reer tue 'setteiDent u lhe
Arbitrator OF the Chamber OF Commerce, wheh tne par
ties each choose person 20 sit Win hln 10 decide
thc matter, Ii they wish Ald WOull suggest 10 my
professional hrethren that they boar this law III mnd
when drawing such contracts The consent Oi the par
ties Is requisite to pat this trlhanil i'm operation In any
case thus preserving all the features OF voluntary afD
traOn, ana fostering ~ the individual the splt OF
amcable adiu8t3b Of di .lltes. IAe more ths liid
yldu4l split grows in the world the more VIII nations
Incline T. Arbitration.
You have s1lt your toast, Mr.. President that
commerce demands, aud Wi! secure arbitrAtO1 Sir IL
is the good ordus oi your administration o the Cham
Der OF Commerce 20 have lnadEuflted this blessing III
practical form. blessing wAch viii make your admin
isrl Jon glorious than any preceding one Bo loI
the efforts OF the commercial men OF TINS metropolis inc
Arbitration would not now be IN existence 80 tat'
by the aouOn already taken by this Chamber, t mas
moved The train OF your toast. Nhe-Tlus-t ships ARE
hrrbugrrs peace tho world the cutting prOWs
OF steancOmpcet vessels make way Tor reforms; the
dsAng locomotives summon Us - break dWty from Tue
inert past AMI move forward 10 improvement; ana th2
uouuifos telegraph, clectrylng with mental force all
s operations Of commerce, urges mdnklnd WIN never,
,,.iIg voice. ouwaId5 to triunphs. These are al
commercial gents dul powers TAcsc hdfc mado dipl
ll4ijn possible an1 beneficial equally among nations
tLII lIuIAI IuIII.