New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-08
DEMANDS CURRENCY REFORM
THE CHAMBER OF COMMERCE REITER-
ATES IT'S VIEWS.
1T DECLARES IN FAVOR OF COOPERATION OF
COMMERCIAL BODIES ALL OVER THE COUNTRY
IN URGING ACTION UPON ihE
CONGRESS 49, IMPORTANT RESOLUTIONS
REGARDING LLOYDs FIRE IN
suRANCE SYSTEMS.

REGARDING lLplDS Ai4NA-
suRANCE SYSTEMS.
The Cbarobqr Of Commerce held its regular month
~ meeting Yesterday and introduced resolutions
calling for the appointment OF committee " W,
on.ratn with other commercial bodies throughout
~ coun,rv in urging the enactment W the next
Co,crass OF the financial legislation advocated Oy
H. chamber The report on the resolution laNoi
ing the removal of the legal sales OF reai eS'".e
from the Broadway Saiesroom 10 the heai h''"'.
Exchange was not submitted the committee "o'
having collected sufficient evidence to emoody IN
r.nort Resolutions were introduced ana auoP's
favorins the Pavey bill in regard to DOCKS anu inc
waterfront and also one favoring the mouica "oi
of the existing tariff so that sugar grau''le ~. "
Dutch standard and below should not DC suO'''
the d!fferential duty Of one-tenth Oh one
ner Mound imposed upon the product OF pouN'!
paying countries other business OF ini'o' '''p0''
ance was transacted by the Chamber ,
The resolution iu,r>duced by Gustav II. sch"ao
on a currency coifs~N,ee was as ioHows' .,ors
Resolved That a committee of Twelve niS SII ya
he apponted by the chair, with power 10 IN va "a.
cancies and add 10 their number TO cooperate win
other commercial bodies representihs S,ia ,nnr
throughout the country in using all legitimate means d,
TO promote the enactment 10y thS 49, 49, itba,n+o,
The financial legislation advocated by TINS Ohaipei
y y Thrrber introduced the following resou-
,ion ON behalf of the Committee on Foreign Com
merce and Revenue Laws;
Resolved That Congress. at its next session
modify
sr9Ging No. i6 Dutch standard and below shoul9
not he subject to the dferential duty OF one-tentf
of one cent per pound imposed upon the product ol
bounty-paying countries; and that the Committee
on Foreign Commerce and the Revenue Laws OF TINS
chamber be and Is hereby Instructed 10 conlihuhl
cate with other commercial bodies interested ahc
endeaVor TO secure from the next congress uI'
modification of the present tdrn
A. Foster Higgins introduced a resolution urging
the Legislature to pass the bill which provides fol-
the transfer of the Nautical School from the conro
Of this city to that of the State. The resolution
was carried. Louis Windmuier called the attention
Of the Chamber to the report of the Fire Com
mittee the question of the Loyds system oil IN,
surance which was presented last November and
he moved that it be adopted This report, WhlcH
adopted. was as follows:
Your committee recommend that the chamber re.
quest the Legislature to enact a law which snal
subject LlOyds fire insurance associations 10 inc
same proper rules which now apply in the case ol
stock fre-nsurance companies, requiring theIn &c
make the same reports of condition, assets nabi
titles. income and expenditures; 70 hold the same
reserves, invested required by the law Tor III
surance companies, for the security OF those who
have running contracts of insurance, ana TO pay
pro rata, their burden Of the taxes now lnposec
upon all others engaged in the business OF IRE IN
surance. The State of New York Will even then bt
has already provided that associations of lndiVid
uas. citizens of the United States whether organ
lied within the Commonwealth or elsewhere within
the United States formed upon the plan known a.
Lloyds whereby each associate UNDERWATER becomes
liable for prOportiOnate part of the whole amour
insured by policy. may be authorized to trdnsaC
IN like manner and upon the same terms ana con
ditions required OF and imposed upon in
surance companies of other of the United States
A special meeting of the Chamber Will be hell
on Monday to elect Commissioner OF Pilots. VIII
lam B. Hilton was renominated yesterday to sue
coed himself.