New-York tribune., 1892-01-08
NEW-YORK ANDTHE BIG FAIR
ACTION BY THE CHAMBER OF COMMERCE.
An APPRoPMA ALTON OF ONE MILLION DOLLARS
FAVoRED-NAT1oNAL CURRENCY AND
STATE CORPORATION LAWS


fANoRED-NATIONAL CURRENCY AND
sTtTE CORPORATION LAWS
At the regnar monthly meeting OF the Chamber
OF commerce. yesterday resolutions were adopted call
ing on TIE Legislature OF the state 10 approprlate
slOoooOo for the purpose Of securing proper repro
sch'atlon Tor The state the Chicago Exposition and
also urging Congress to extend such financial aid 10
Inc project rs may be necessary TO make the Fair
success. The Finance Committee was instructed to
devise plan for National banding currency to
take the place Of the National bank notes being
fclTcd' and the cooperation Of other commercial
bodies was invited. by resolution, to consider tho
question OF amending the present corporation laws OF
this state Charles s. smith. president Of the
Chamber, presided. The following members
elected TO I'll vacancies James W. Cromwell, Silas
VI. Giddngs, Eugene Mehlcr ard Raymond l.. Ward.
Jacob II. Schin moved the adoption Of resolutions
calling for the appointment Of special committee to
consider and report plan by which II would be
practicable to create National banking currency to
take the place of the National bank notes in
course Of retirement. Mr. schf thought tha. a
special committee could handle the subject better than
TIC regular Finance Committee, because 1t required
much time and special study which the regular COM
mittcc might not be able to devote To II. lie was
outvOted. however. and the whole matter WAS re-
fcrrcd to the Finance Committee.
Hugh y. Camp introduced The resolutions about the
Worlds Fair. After some discussion and amendment
they adopted follows:
Whereas. The Worlds Fair. to be held in Chicago 10
1898. Is intended to commem ate the day Oh which
continent was di dicovered and to set forth to the
world progress since that day and incidentally 10
benefit National industries and further the develop,
ment of the arts and sciences throughout the untei
Whereas. Ii is uniting and inappropriate that one
city and state should be expected to bcar the entire
expense of such a National undertaking and,
Whereas The cty Of Chicago the state of Illinois
have already manifested their Willingness 70 bear tle,r
full proportion Of the burens Incident to San Nauons
Undertaking. therefore. he IL .
Resolved, That the Chamber Of Commerce ne, oe OK the
Of the United states to asst In r,pesenng the genera
Interests %! tie country by extending such financial sd
able to the Nation and bc it ..,,,,.
Resolved. That the Chamber OF Commerce resPecuniy
petition the LcG,a Of the state of New-fork to
appropriate such sum toward tho expenses o. the as
the Commissioner o. tie Hate OF Se% nv ORR a may
deem appropriate and IN the opinion OF TINS 'hamiHt
such sum should not be less than sl'oooooo' lie IL
further
the Ircs dent OF the tinted stseS each member Of
the United state scnac and ion.e Of I III
members OF the state legislature.
Pctera h. Worrall gave notice that at the next
meeting he proposed { Introduce resolution asking
for the appointment Of a special conmittee OF five to
consider the question 4 correcting lmp"rfectons in
the Tariff Administrative act. Mr. Worrall explained
that this action did look toward the repeal OF the
act but to the correction Of certain features.
and that the proposed committee would work 10 con
junction with similar committees from Congress and
from The Board ~ General Appraisers.
The following. introduced by &. Waldo smith, was
agreed 10 without discussion:
Whereas. The present laws Of New York State gov
srniuc the formation Of business corporations afe %
expensive, technical and oncrOus. when conpnch win
those Of adjoining ~tatcs, 10 f1NC our 'tLci's o
those states transact their business, WIFI coH'o
qucut los OF revenue - this state. .o..
I,c-olycd That tie laws OF "a great commercial state
Hike New York should offer al least as 'avo;ible np
noltun!fcS for cooperative employment ol ',pa
a, those our ..;rr STAFF, oier. and wc cOmnenH lilS
subject to the consideration o. our public am,hotu.S
and the Led, ,Iaturc with 7ew 10 their modh'auoi
Resolved That the cl-Operniion Of other commercial
boIic. ana particularly that Of the New lork Stue
Hpar,, II Trade hereby solicited 10 accomplish inc
desired end.
Franklin Edison offered his resignation as chairman
of the Committee Iutcrnnl Trade and Improve
monts and it was Ac' elcd. Louis Wlndmuler WITS
elected to succeed hin
An Invitation from h" Boston Chnnhcr OF Tom
mcrcc FOR m" New Noi. chamber 10 Send Two t'pr..
c,,,t-os tn tin. opcnin ~ the Boston Chamber new
hnU on jar uary 20 and Il was accepted iTcSd"nt
smith was authorized TO appoint the representatives