The New York herald., 1878-02-08
CHAMBER OF COMMERCE.
ADOPTION OF MEMORIAL TO CONGRESS on


THE SILVER BILL--FREE CANALS.
The regular monthly meeting Of the Chamber OF
Commerce was neld yesterday and there was large
attendance OF members Mr. d. Babcock, the
President Of the Chamber, presided. After the read
ing and approval OF the minutes OF the previous
meeting Mr. William b. Leonard and Mr.. James L.
Anthony were elected members OF the Chamber.
Mr. John Taylor Johnston, Chairman OF the Com
mittee ON Internal Trade and Improvements, pro-
scnted report recon mendns the Chamber TO adopt
memorial asking Congress to appropriate the sum
OF money required for the carrying out OF the plans
ana specifications recommended by General John
Newton Tor the improvement Of the Harlem River and
Spuyten Duyvil Greek.
This report supported by Mt w.. E. Dodge and
Mr.. Tacott. and was unanimously adopted.
THE SILVER BILL
Mr.. W. Il. Dodge said that he had received q note
that mornng from his friend Mr. Low asking him 10
present the following memorial TO Congress mas
much he unable to be present In conseq uence
Of tho death of his wife's father Mr. Dodge then
read the memorial as follows
MAY IT PLrAss iou. i!osogAsLk BopiEs-The Chamber
Of Commerce q the state Of New YORK respectfully
United states in Congress assembled that at regular
Inst, the following preamble and resolution aaoDsd
aud ordered 9" be snrossed in tho torn OF menor and
the cSsmSer to be ransmisssa s 70 consrsss-sis
tn. sd sas .s' rs TO s
money regulate vaias .hsrjoi AID Of foreign COLI
anu hx the standard OF weights Aud
respondins duty is implied in tho OF the
pow saas IN ns sSs 1897 m So @
the silver dollar taen legal tender" from as to tla,
temporary advance in the Value Of Silver il being
BY regulating waght dollar was resolved
az an TO stop the coinas OF silver dollars Of
anaara Of Value ia the United states As practicay
Of S
10 th. bland silver bii which bill IL pow pending IN the
bii silver dollar OF the weight 4l2s graus
sna private as TO this cGabs in aesd o the
duy implied In the powers granted to Congres and tho
which has hitherto been teis home abroad
the good faith OF the United States now, therefore. DO IL
RESOLVED, That this Chamber will, and does, most
is opposed to the spirit, if not the letter.
secondfhat not possible TO have two standards Of
when other nations limited because the metal
dsused BY other nations VIII ueuate n price and these
weight, suojecting the user TO fs,ss measure
+5 grains are but The equvaent OF our god dollar which
seaaaar mas peer '0 50 many years. An accepted
Fourth-rhat Il 10 not wise 10 separate ourselves from
other civilized nations Of the world W adopting metal
which become sole standard and DO subject
eeang fluctuations at home, because 1t win always be SUB
ecs change in oner countries vita watch have
OF HuctuaiOn aggravated
prospsct increased supplies OF silver from South Amer
Of value and medium oi exchange, aud silver is not
si1rh i is inexpedsnt and nwiss t9 force an OK
change OF $50 900 oi god the Uneu States
Treasury for like amount OF bonds held abroad amer
80 preudiciA 20 the national honor and the
SeSs'.a-rh is wrong nacs n.siona banks
panies we'll marine insurance companies loss
ali these ,nsaons and even mpsrins the security Of
those who hoid bills Of our national banks the failure sf
is to be dopsess because The end 20 n,asi.
'uss s&eff as silver i've I sss. am
dollar will sssssay va defeat @ IN is7e demon
cannot be replaced with siver coin In less
And the Chamber OF Commerce Of the State Of New York
respectfully ubmitso Tho >enae and House of Represent
foregoing valid objections to law, the agitation Of
when has wrought most the Commercial
rsvu,Ion Of BY extending The a.sru.s ~hien
the United States government Itself "
And Your memorAiss pray that regard may be had to
the views as now presented.
Mr.. Dodge said no had been very much surprised to
find damong those who advocated this silver measure
some who under the impression that II would give
expansion Of the currency and that IL would Int
Of tho distress that prevailing among US. Every
merchant knew that in tho present state OF our for
eign exchange and tho natural course ob things thai
had II not bccn for the influence oil this Silver b
the bankers OF this country would have fallen into
specie payments without any trouble. Capitalists
would have seen that We had reached bottom, many
millions would have been put in circulation and VIC
should have had revival OF industry, which this
very meas9re has completely checked.
Mr. Rugges also spoke IN favor Of the memorial and
OF the great national crime that mad boon committed
by both houses OF Congress IN passing
dorsing the payments OF the bonds IN silver
The memorial was unanimously adopted
FREE CANALS.
MIR. Thurber proposed tor the adoption OF tho
Chamber the following resolution:-
Whereas concurrent resolution providing for
tution amendment by which the canals Of this State will
be made free of tolls has been introduced Into the Legisa
this state aud Whereas the influence OF this Cham
has been in favor OF the policy of these
highways In the highest state of ecency there
fore,
Resolved That in the opinion Of the Chamber IL Is of
great Importance that tho caras should DO made free
the earliest possible tie.
Mr. Rugglos also offered the following resolution: -
Resolved That the bill recently introduced into the Sem
ate Of this state by Senator ST. John providing for tho
tion of tolls canals o the state and lor system
by boats. which will the annual OF
$500 to the State to relieve its citizens large
taxation for the support OF the canals 90 referred to
special committee to examine and report thereon
special meeting tor the consideration of tho Chamber
Both the above resolutions were referred 10 a spe-
cin committee, alter which the Chamber adjourned.