The New York herald., 1876-03-03
THE CHAMBER OF COMMERCE.

THE MONTHLY MEETING YESTERDAY ELECTION
OF NEW MEMBERSHIPS SHIPPING AND BANK
RUPT LAWS
The usual monthly meeting OF the Chamber Of Com
was held yesterday afternoon, the President Mr.
Samuel d. Babcock in the chair. After approving the
minutes OF last meeting the following named
bers elected Elijah Aizer, No 100 Broadway
Daniel II. Baldwin, No "a Pine street; John f. Halsted
No 15S Broadway; George d. Nichols, No. AT Broad
way; William Hall Penfold No l2S Front street; Ros.
well skeel, Ne 1O7 Water street; Edward A. White
more, No. 346 Broadway
Mr. Elliot c. Cowdn reported 1t to be the sense of
the Executive Committee that arrangements for tho
assembling of the National Board OF Trade in this city
June be referred TO the delegation already named
by the Chamber TO that body This was agreed TO-
The same gentleman also submitted resolution r
dering that committee of five be appointed to perfect
arrangements for the proper celebration OF the 10Sth
anniversary Of the Chamber The motion was adopted
and the Chairman appointed Messrs J. Perpont Nor
gan, Elliot G. Cowdn, Henry +. Spauldng, JOSIAH NJ
Fske and George Wilson such committed
Mr. COwdin brought in a lengthy Of resou-
tons opposing the repeal Of the Bankrupt law and
Affirming the declaration this subject made by tho
Chamber in 1874 but at the same time recommending
that that part OF the old law known the fifty per
cent clause" should be restored. These resolutions
seconded by MIR II. H. McCurdy, who gave
count of his ahors at the national capital IN aid Of the
passage OF the Bankrupt law He desired the appoint
ment of committee TO draft amendments TO the act.
Mr. Yates moved and Colonel Conkling seconded
tion that the resolutions be printed and laid the
table. The new motion not accepted, and the
olutiOns were adopted.
Mr. Samuel b. Rugslcs stated that at the request of
the Exclusive Committee he had drawn up cOndensa-
OF the OF Congress bearing upon the currency
question. Mr.. Corlics having announced that the
Committee on Finansc and Currency were not ready TO
report Colonel Conkling took the floor and read the
paper submitted by Mr.. Rugees. The latter gentle
then said that by some strange process which he
could not well understand the Resumption act Of Con-
gress bad been left out OF the Revised Statutes Of the
United States and he moved that summary OF the
law as 1t originally stood, be printed for the niorma
tion OF the Chamber. hessrs Low, Ruggles and
Conkng participated IN discuss on of the laws govern
ing the currency. Colonel Conkling believed that the
Thirty seventh Congress the last national egsla-
tive body which had shown sufficient capacity TO deal
properly with this important matter. After
further discussion the paper ordered TO be printed
THE SHIPPING ACT.
Mr.. James W. Elwell, of the Committee Foreign
Commerce and the Revenue Laws, submitted series
OF resolutions favoring the Shipping it
stands sustaining the course followed by the present
Shipping Commissioner, and recommended that copies
OF the resolutions be sent to Congress.
Captain Snow seconded the resolutions and Ar.
Yates opposed them. He was of opinion that they
should be very carefully considered before adopting
them and finally moved that they be LAID on the table.
This motion not being seconded Captain snow sup
ported the resolutions He believed that the fees OF
the Shipping commissioner not so much now
the getting crew on board ship after she was In the
stream under the old system. Formerly "and
sharks used TO infost ship soon as she came into
port now the Seamens Friend Society gives earnest
attention to the welfare Of the sailor.
The resolutions adopted. They. are, in sub
stance, as follows:-
Of 1874 by removing from s supervision any portion Of
foreign seagong would be injurious 60 such
and detrimental TO the interests OF our port.
s8aI would be transfer the control over the
administration of the Shipping Law from the United
States Circuit Court the United States Treasury De-
partment.
Third-The United States Shipping Commissioner this
port should be sustained BY this Chamber In the discharge Of
his duties.
foHts-n 1872 tsis Chamber by fun vote. ndOrscd
Of she shipping ACT and in 1873 passed resolu
on TO sustain the United states Commissioner n his Efforts
70 execute the law OF 1872 This law was ndorred by the
Chamber and many other commercial associations and
Germs OF New York IL radical change from the old
law, but that 10 has worked well the in
Of shippers Therefore, the bill Of the
Hon. Elijah Ward, before the House OF Represents
lives would destroy all that is most valuable In the snip
ping act, &C.
Mr.. Blunt drew the attention OF the Chamber TO two
bills at present before Congress touching the light
house system. The matter referred 10 the Com
mttee on Foreign Commerce.
Mr.. Phillips introduced resolution demonstrating
against recent decision Of the Treasury Department.
by which the law imposing an additional one cent per
pound duty woods enforced. The resolution
passed over 10 the Committee on Foreign Commerce
Mr.. Low made motion 10 the effect that the Finance
Committee be empowered to report at special meet
ing. After adopting this resolution the Chamber ad-
/ iOurued