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CHAMBERS OF COMMERCE AND BOARDS OF TRADE.
CHAMBER OF COMMERCE OF NEW-YORK. The regular monthly meeting of the Chamber was held Thursday, September 5th, Pelatih Perit, Esq., President, in the chair. About twenty members present.
The following were elected members: Messrs. BENJAMIN G. ARNOLD, No. 125 Front-street; FREDERICK STURGES, No. 125 Front-street, and JOSEPH WILLETS, No. 113 Water-street.
On motion of Mr. GEORGE OPDYKE, Dr. FRANCIS LIEBER, LL. D., Professor of History and Political Science in Columbia College, was elected an honorary member.
Mr. GEORGE W. Blunt moved that a special meeting of the Chamber be held on Monday, September 9th, at one o'clock, to elect three members of the Board of Pilot Commissioners for two years, as provided by the Revised Statutes, Vol. II., p. 429, viz. :
“There shall be, in the city of New-York, a board, entitled 'The Board of Commissioners of Pilots,' consisting of five persons, to be elected as soon as convenient after the passage of this act, and to hold their offices respectively for two years from the time of their election, and until others shall be elected.
“ Three of such commissioners shall be elected by the members of the Chamber of Commerce of the city of New-York, at a meeting to be called for the purpose, to be specified in the notice for the meeting; and the certificate of the secretary of that body, or other officer regularly performing his duties for the time being, shall be prima facie evidence of such election.”
Mr. GEORGE OPDYKE said that, with the concurrence of the President and several members of the Chamber, he had prepared a few resolutions upon the subject of the war and condition of the country, which he would read :
Whereas, The progress of the war for the defence of the Union and Constitution has given evidence of a degree of strength and energy on the part of those who are madly striving to destroy them, which can be only subdued by the marshalling of an overwhelming force; and whereas, it is evident that to this end all the resources, both in men and means, in the loyal States will be needed if we would avoid a protracted struggle and secure the blessings of an early, honorable and enduring peace; and whereas, humanity and interest alike demand the speedy attainment of this end, therefore,
Resolved, That this Chamber, in view of the unexpected magnitude of the contest, deems it a duty to renew its pledge to the government of earnest sympathy and support.
Resolved, That the members of the Chamber, having entire confidence in the integrity and ability of the head of the Treasury Department, will exert their best efforts
, individually and collectively, and in their connections with moneyed institutions, to strengthen the financial resources and credit of government.
Resolved, That this Chamber pledges to the government its unfaltering support in a vigorous prosecution of the war until every rebel has laid down his
arms and every State returned to its allegiance. The contest, it believes, admits of no other termination, since any other basis of peace would dishonor the nation and prove to the world that our cherished form of popular government is a failure.
Resolved, That all the aid afforded to the enemy, either by supplying means of prosecuting the war or by openly advocating their cause, is treasonable, and should be promptly punished with the utmost rigor of the law and by the stern rebuke of public opinion.
Resolved, That the decisive course recently adopted by the government and its commanding officers affords gratifying proof that the future of this contest is not to be controlled by the quixotic idea of prosecuting war in the spirit of peace,
but that the guilty conspirators will be made to feel, both in their persons and their property, all the rigors that the usages of civilized warfare will justify. Mr. OPDYKE said he had but a few words to
of the resolutions. It seemed to him that, in view of the exhibition of power on the part of the rebels, beyong any thing we had any
reason to apprehend, calling for united and vigorous efforts on the part of the North to oppose them, the Chamber ought again to renew its pledges of support to and confidence in the government. It was well known that until a very recent period this contest, on behalf of the United States government, had been conducted with a great deal of mildness and leniency; so much so as, in the opinion of many, to retard our progress, weaken our strength and prolong the struggle. Recently, however, we had evidence that that policy was changed; and it seemed to him proper that the Chamber should express its hearty concurrence in that change.
Gen. P. M. WETMORE said the whole subject had been so recently exhausted in the eloquent argument presented by the Hon. Mr. Holt, of Kentucky, that any advocacy of the resolutions just presented would be unnecessary. But he took the opportunity to remind the Chamber that on that floor, on the 19th of April
, was first put forth to the country the tone which loyal men were expected to take upon this question. The key-note was struck here which, in a few days, was followed by the grand Union demonstration in Union Square. From this Chamber rang forth the trumpet-peal of patriotism which was heard to-day, and which would be heard to all time; and he rejoiced, as one of the merchants of New-York about to go off the stage, that the merchants, in their collective capacity, representing in this Chamber all the interests and duties and principles of commerce, had set forth the doctrine that loyalty was to prevail in this contest, and that the war was to be fought out to the end, preserving the rights, and duties, and interests, and laws of the Union under which we had lived for three-quarters of a century. He would also remind them that on that same day a group of capitalists assembled in a corner of the Chamber and took measures to subscribe ten millions to government, as evidence of the sincerity with which they supported the resolutions passed. The records handed down from the time of the revolution presented no page more honorable to the character of New-York merchants than the proceedings of the 19th of April; and he felt more than ever proud that he belonged to this commercial community. Commerce had always been true and loyal in our country, as New-York had shown when sending forth four loyal men to declare the principles of liberty in the first Congress held after the prostration of the Colonial government; and God grant that commerce, and the men who administered its duties and enjoyed its privileges might always be true to the country as had been the merchants of New-York in this great emergency which had come upon us.
William K. Strong cordially concurred in seconding the resolutions, and desired to add a few words from his own observation and inspection during the last two weeks at the seat of government, where he had been taking great interest in the movement of that gigantic machine, which
was now conducting the war that had been imposed upon us by rebellion unexampled in the history of the world. It afforded him pleasure, going there, as he had, with his ears filled by rumors prejudicial to the unity, to the power, stability and success of the government in this mighty war, that he was enabled, after an observation of ter or twelve days, to bear his attestation to the labors of the President and every member of his cabinet. Mr. S. spoke of the unwearied activity displayed by the Executive, the Secretaries, General Scott and General McClellan. He had returned from Europe, where he had intended to spend two years in travelling through the countries of the Old World and examining their institutions. Comparing them with our own benignant government, he was more than ever thankful that he was an American citizen. He would not disparage the intelligence and power of England, but she had not our freedom; he would not underrate the civilization of France, but citadels and police surveillance at every step was not what one accustomed to the freedom of this land could tolerate. He had left his family behind and come to contribute all he had of life and fortune to the preservation of this government; and in that spirit he heartily endorsed the resolutions. Speaking of our position as a commercial nation, Mr. S. said, that the war now going on here suspended one-third of the business of the entire world. Go to any of the commercial or manufacturing towns in England and France, and inquire “ How is business ?" “Very bad.” “What is the difficulty ?” “Oh! the war in America.” “How much is your business reduced ?” “Nearly one-half.” The question was agitated as to how England and France would treat us. He would answer from his own observation, that England and France would study to preserve a neutrality as perfect as could be maintained.
The resolutions passed unanimously.
The following resolutions, moved by the Hon. F. A. Conkling, were adopted:
Resolved, That the interests of commerce, which is the vital essence of every system of public credit, as well as the protection of the national territory, demand the most active measures on the part of the government for the defence of the harbors on the Atlantic coast.
Resolved, That the defences of the harbor of New-York, in their present unfinished condition, are deemed by competent engineers insufficient to the protection of this port, and that we earnestly invoke the attention of the public authorities to the necessity of perfecting a system of fortifications adequate to the security of the vast interests involved.
Mr. Blunt mentioned that when the committee was in Washington, Gen. TOTTEN stated that Congress had provided means; that he had plenty of guns and carriages, and only waited for the forts to be finished.
Mr. Conkling stated that by the act for additional appropriations, passed July, 1861, there was given
For Fort Richmond, Staten Island,...
50,000 100.000 100,000
Gen. Totten had stated the appropriations were sufficient.
On motion, Commodore Silas H. STRINGHAM, United States Navy, was elected an honorary member of the Chamber.
On motion of Mr. DENNING DUER, it was
Resolved, that the thanks of this Chamber be tendered to the Hon. JosEPH Holt, of Kentucky, for his eloquent, powerful and patriotic address, delivered at Irving Hall, on Tuesday evening last.
Resolved, That he be requested to furnish the Chamber a copy, for publication and distribution, and that the Executive Committee be authorized to carry this resolution into effect.
On motion of Captain C. H. MARSHALL, the following resolution was unanimously adopted :
Resolved, As the sense of this Chamber, that the acknowledgments of every loyal citizen are due to the authorities who designed, and to the naval and military officers who executed, the recent operations on the southern coast of the United States; and that Commodore Silas H. STRINGHAM, of the navy, and Major-General BUTLER, of the army, and the officers and men who served under them, have entitled themselves to the highest distinction for their skill and gallant bearing in accomplishing so important a result with so little sacrifice of human life.
The following gentlemen were nominated this day for membership at the next monthly meeting :
Nominated by John Jacob Astor, Jr., 85 Prince-strect, PROSPER M. WETMORE. JONATHAN H. Ransom, 39 Dey-street,
PROSPER M. WETMORE. EDWARD Motr Robinson, 88 Wall-street, WILLIAM T. COLEMAN. SELAH VAN DUZER, N. Y. Exchange B'k, PROSPER M. WETMORE. EDWARD WILLETS, 363 Pearl-street,
FRANCIS S. LATHROP.
CHAMBER OF COMMERCE, CINCINNATI. Annual Meeting of the Chamber of Commerce of Cincinnati, Tuesday, September 10.
The annual meeting of the Cincinnati Chamber of Commerce was held in the Merchants’ Exchange Tuesday, September 10. The meeting was presided over by John DUBOIS, Esq., Vice-President. The Superintendent's annual statement of the trade and commerce of the city was ordered to be printed for the use of the members. The financial report was presented, of which the following is a synopsis. The association is shown to be in a flourishing condition : Balance in treasury, September 1, 1860...
$4,287 78 Receipts during year,...
7,840 81 Total,..
$ 12,128 59 Expenditures,...
7,421 36 Balance in treasury, September 1, 1861, ......
$4,707 23 Sundry sums due to the Chamber increase the net assets of the Chamber, over all liabilities, to $5,974 98. The hall of the Merchants’ Exchange has been renovated and repaired, at an expense of $590. Sixty-two new members were elected during the year. The membership now consists of 299 individuals and 234 forms. The officers elected for the ensuing year are as follows: President, Joseph C. BUTLER ; Vice-Presidents, Isaac A. OGBORNE, N. GOLDSMITH, J. D. Minor, Lewis Fagin, S. W. Smith and B. P. BAKER; Treasurer, GEORGE KECK; Secretary, John A. GENO.
Mr. BUTLER, the successful candidate for President, being called upon, made a brief speech. He said he felt he owed his election more to a personal preference than to his qualification for the office, and that he felt himself honored in being elevated to a place which had been filled by so many older and much more distinguished merchants. In consequence of the peculiar existing circumstances, he might be permitted to say a word or two regarding the distracted state of our country. Whether this war be soon ended or be a long and tedious one, he felt well assured that the merchants of Cincinnati will always be found on the side of their country and constitutional law, and in opposition to rebellion and anarchy.
RAIL-ROAD, CANAL AND TELEGRAPH STATISTICS.
I. THE GALENA AND CHICAGO RAIL-ROAD COMPANY. II. WATERTOWN AND Rome Rail-ROAD.
III. French RAILWAYS. IV. THE GREAT NORTHERN RAILWAY OF FRANCE. V. English RailWAY DIVIDENDS. VI. BRITISH AND IRISH MAGNETIC TELEGRAPH. VII. THE ATLANTIC CABLE. VIII. TELEGRAPH TO SIBERIA. IX. RAIL-ROAD TELEGRAPI LINES.
GALENA AND CHICAGO RAIL-ROAD COMPANY.
Abstract of Balance-sheet, 1857-1861.
168,731 59,734 50,302 48,858 43,413 23,138 23,138 22,706 21,432 20,334
7,079 476,683 281,483 213,097 228,462 211,003 318,098 303,132 313,243 308,826 459,319 70,367 110,192 145,657 150,867 47,498 82,975 193,311 249,780 363,503
Total,..... $ 9,896,572 $10,366,716 $10,300,516 $10,346,441 $10,469,886 Capital,.... $ 6,013,100 $6,023,800 $ 6,026,400 $ 6,027,700 $ 6,028,300 3d dividend bonds, 600,000 600,000 600,000 600,600 600,000 1st mortgage bonds, 1,400,000 ..1,400,000 ..1,511,000 ..1,393,000 ..1,393,000 2d mortgage bonds, 906,000 ..1,847,000 ..1,738,000 ..1,629,000 ..1,520,000 Litchfield bonds, 52,015 52,015 52,015 11,200 11,200 Bills payable, 611,567 49,716
3,837 9,766 Scrip, &c., 16,004 8,339
5,996 4,702 4,197 Dividend & coupon,
45,212 8,088 12,521 11,726 11,643 Sinking fund,
98,000 152,000 269,000 378,000 487,900 Surplus, &c,,.
153,720 82,975 198,636 250,687 335,212 Sundries,..
953 141,783 4,949 36,589 77,269 Total,... $ 9,896,571 $10,366,716 $10,300,516 $10,346,414 $10,469,886
Statement of Cost, Earnings and Dividends from the opening of the Road.
Per Years. of Road.
Mileage. Earnings. Net Earnings. Dividends. cent. 1849,.... $ 433,429
$ 48,620 $ 29,812 .. $ 23,383 .. 104 1850,... 695,507 42.50 127,686 78,782 47,711 . 15 1851,.... 1,326,706 84.50 211,310 123,948 62,914 .. 15 1852, 2,230,189 92,50 473,538 286,162 149,973 20 1853,.. 4,143,656 187.50 799,013 439,814 .. 353,155 16 1854, 6,552,163 211,50 1,506,710 .. 820,193 .. 546,519 17 1855, 8,429,043 249.50 2,315,787 1,252,042 986,524 22 1856, 8,979,804 .. 249.50 2,416,344 1,120,851 1,095,590 20 1857,
9,435,721 259.50 .. 1,640,807 719,555 301,115 1858, 9,339,390
259.50 .. 1,547,561 620,328 241,024 1859, 9,354,514 259.50 . 1,369,441 546,420 120,528 1860,.... 9,352,481 .. 261.25 .. 1,462,752 .. 652,261 .. 180,834 3
WATERTOWN AND ROME RAIL-ROAD, The Watertown and Rome Rail-Road Company (now under the new title of the Rome, Watertown and Ogdensburg Rail-Road Company) has