New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-12
ARBITRATION OUT OF COURT.

'NNN-
Court.
ARBITRATION OUT OF COURT.
THE LEGISLATURE ASKED TO CONFER LEGAL POWERS
UPON THE CHAMBER OF COMMERCE.
An adjourned meeting of the Chamber OF
Commerce held Saturday at their rooms George
Opdyke lin the chair report Arbitration from Com
mittee No T. read by the Secretary The OBJECT Oh
the Committees labors thus expressed:
The Committee have sought to secure TO the mem
Of the Chamber any additional exclusive pfyueees
believing those privileges sufficiently hDerafnow out
they sought through the means OF TINS CnaDer 10
confer valuable immunes and business iaciities upon
all classes OF merchants and commercial men In TINS me
tropois Certainly If end can be attained ali the
members Of this Chamber will unite III Its approval. Inc
great of arbitration which is constantly gong
on in this city, hardly understood by those VINO nave
not inquired INTO the subject The STOCK lne
Produce Exchange the Grocers' Board OF Trade our
own Chamber and other Incorporated bodies have pro
visions on this subject and there are gentlemen VINO
are extensively sought arbitrator and umpires by
others the same business, some OF whom uy ana oe
eide from SO to $50 cases year ..,..,.,,
and dependent only upon the mutual good faith OF
the parties for their operation and success small tis
exist and fuy display itself In irregular methods or
sal 10 be recognized sanctioned by law ana PROVIDED
with AN established forum and home The Committee
believe that the latter course should ne pursued me
theory Of the proposed act is that any person aong
come be cited before the Chamber and II the cited
person does not object to the jurisdiction both shai oe
held IN law TO have submitted TO the award OF the aro
traitors completely II they had executed under seal
agreement TO that effect and the matter sna theh
already provided for by our statutes IN relation
to arbitration The appointment OF an arbitrator by the
Governor and the payment OF his compensation In the
method judges of courts are PAID is considered
pnbhc ofcais with whom they have conferred At the
same time the act empowers each OF parties 20 select
one person 10 sit az arbitrator they shall elect and
thus distinctly preserves the advantages and privileges
now possessed in any case of arbitration.
The proposed act which will be sent 10 the Leglsla
ture aims to enable any person having controversy
,h.r 10 his 11V
Chamber of Commerce within five ana after two days
both contestants members Of the Chamber
and the dispute has this port or relates TO
subject coming within the collection district. Either
contestant may file written declaration oblecuhg 10
Jurisdiction of the Chamber and sthe proceed
ings If no objection he fled the jurisdiction Oh the
Chamber will pc ample. The contestants will be allowed
20 appoint ono person sit with the arbitrator whose
selection by the Governor is PROVIDED for, and the
award made by the majority viii be deemed the
settlement OF the CONTROVERSY. II both contestants
neglect to choose these eoarDltiators the arbitrator
appointed by the Governor viii act alone tTho three
will take oath TO perform their duties faithfully They
will have power TO summon witnesses, ana aiter the
final hearing the award of ALL OF the majority, will be
made in writing. If the award cOnstrue contract or
require either contestant to do to refrain from doing
anything, TO pay sum, an order Will be hied III
the County Clerks Office, and execution may be en-
forced thereon judgment OF the Supreme Court
On the first hearing no costs Will be allowed 10 either
contestant; the second hearing appeal VIII reqnire
the payment of costs by the defeated party The award
will be binding and conclusive. The Governor VIII he
empowered to appoint. with tie consent Oi TIE senate
competent person. under salary pad BY me County
SUPERVISOR To be known as the Arbitrator OF ne cha
Der of Commerce. An Arbitration CLERK VAL also be
appointed 1870. . 49,,
proposed act in brief speech. He proposed that it be
printed for the Of tine members On motion al Jack
son Schultz the report on tue commute va T,e.vc1,
A
working Of the old law and thought that this proposed
act.was free from All Objectionable features IL coud
do no HARM and might do much good. MI SCHULTZ
thought II impossible 10 overestma;e the value o some
sncb measure Half the tications now pending in the
courts have originated simply because delay can
be obtained Suits are brought Only Tor the sake oi
delay The ChaSgr 81 CSm Pa stock @9g yg we
the Produce Exchange, and other bodies have aInouS
themselves. The notion TO print ana postpone was Will
drawn, and the resolutions were adopted
Samuel H. RIggies presented resolutions which be
moved to lay the table Tor action OF the Chamber
at It's next meeting. Tkey were in effect, that the
urgency OF the question OF transportation OF produce
urcentiy demands weconsruc,ed railways asd canals
from the interior 10 the seaboard that the state o
lie producing section and the ports Tor shipping ought
% remove every obstacle preventing the speedy
moving forward OF the productions OF me sou dhd that
the Government OF The United states under tne ensr
OF regulating commerce between the several
states by controlling this great movement.
MI Ruggee also called his resolution ofared at ia,
previous meeting that tic Legislature be urged 20 ao
partrnent Public Works the officers o. which shall be
appointed tv the Governor and be removed by him a.
measure. He said that had been Canal Cornmis-
sioDeT and found the DEPARTING NJ steepeG III fraud
He had found the officers not only stealing all the rev
enuc bat spelling the work the State Whle the
reCu red tina; the caua shond feet WIDE u had
in some instances been made ony SIX eet Two inches
The resolutions ordered To lie Oh the table and To
printed for the OF the members Idu. T. SpO1OfG
reported memorial 10 Congress Tor the establishment
of nautical schools and the resu-ctaon OF commerce,
which embodied these Recommendations
the Eyv he authorized Ls discretion "a
schools of IT. winch
spared therefor oh 81
TO nstrrr'on itereof and
The disc pine for American ve
n. With elevate the CbsCt- The
disorders denomination tia: pertain 10 g.
responsibilities Of a. zach ~
EXAMINATION b prompt I'D
r.IV. uoI oulthtg ior disaster Lie properly al