New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-17
THE CHAMBERS REPORT.
POLITICAL. BUSINESS AND FINANCIAL
CONDITIONS REVIEWED.


CONDITIONS REVIEWED.
The fortie;h annual report of the Chamber Oh
Commerce OF the State OF New-York for the year
ls97-'9s was made public yesterday Among other
things Of interest are the following extracts
The currency question. Since the last annual re- re
port Of the Chamber OF Commerce business conp bc
maintenance of the currency system OF this coun-
keep all The various kinds OF our currency az Far
with gold. The large wheat crop in this country
ns creditor nation 70 very large extent Until
the end Of the calendar year Of 1897 this favorA oe
con MAS no, hSHnce 10 any go but sncS the
end Of the year there have been large payments
Of such balances. but by no means an amount
The Governments finances have been such that
the Treasury able 10 maintain and increase
its gold balance being greatly aided I'm this respect
by the payments upon It's railway Obligations
The report goes on to Say that this excellent
condition OF the country's finances Is due solely TO
Al accidont-the large wheat crop here and the
shortage elsewhere. It calls attention 10 the ac'
tiyity Of the advocates OF free silver and green
backs and the failure o. the bimetallic commission
accomplish anything abroad and declares there
II no middle ground for the sound-money adNo-
Gates that they must maintain the gold standard
The review calls attention to the Eastern ques-
ton and the encroacnins Of the European Powers
upon Chinese TERRITORY II finds such an eH-
croachment with the possible exception o. inc con-
ccssors gained by the English. 70 he a menace 10
the already large American trade in china ana
necessarily that Of the future The need Of this
Government watching the situation and protecting
American rights is pointed The victory Of tho
American feet at Manila. with the possible occupa-
ton OF the Philippines. Is pointed TO as possible
help in the solution Of this problem It concerns
tho United States
The dcsirabi.itv OF closer relations with Canada
and the improvement Of trade with this neighbor
IL suggested and reciprocal tariff relations and
rdad Tho diversion OF
trade from this port Is referred TO. and the ALL
thoritles are requested take It under consdera-
ton. The deepening OF the channels into this har-
Dor and the improvement OF the conditions gov
erning the grain trade with the great West. such
as better terminal facilities cheaper dockage sor-
age l.ghterage etc at this end. and later perhaps
a ship canal are very desirable. the report says
Rapid transi, is mentioned. the Chamber indors-
ing the original plans and making strong cr'0cism
While reerSttins the necessity OF the war. the
aeaine, barbarism and expresses the desire that
tie former shall triumph The action OF the Gov
crnment is indorsed without reserve
trade in favor Of the Tinted States to be ss33sO 600
FOR the fiscal year Of 1871. For the calendar year
so~ Of n cdn sno~ for az '' Of s 5s in gold
and N7Sl7lo IN silver. The increase IN the foreign
commerce OF The United states for. he fiscal year
year S1.66336S. The foreign commerce OF the port
1897, shows decrease q skla5OH. and for the cal
endar year Of 1897. so $3.50
The bank exchanges at the Clearing House show
an increase over the prev ous year and a greater
volume Of business thromghout the country. to the
months OF the calendar year showed SIN greater
Increase over the same months for the previous
year. that the increase ,or 1871 reached the sum
The exchanges for the calendar year were So. 81
we're rG45a 3ls Il being 100000 greater than
the previous year. The aggregate clearlngs OF all
Nis3oocm'