TRANSACTIONS OF THE NEW-YORK CLEARING HOUSE. The clearings at the New York Clearing House for the calendar year 1906 exceeded by over ten billions of dollars the maximum amount hitherto recorded, in 1905, and aggregated $104,675,828, 656.14. According to figures reported by the Commercial and Financial Chronicle from one hundred and twelve cities which publish Clearing House figures, the New York clearings are sixty-five per cent. of the whole, which amounted to $159,000,000,000 being nearly sixteen billions in excess of the previous year. The magnitude of the figures of the New York institution indicates the enormous business activity of the country. The figures each year since 1901, when the maximum amount was cleared up to that time, make an interesting table, showing the sinister influence the panic of 1901 exercised upon the two succeeding years and the decided and continuous improvement since then: The aggregate balances paid in cash at the Clearing House amounted to $3,804,903, 609.61, or 3.66 per cent. of the clearings. The balances for 1905 were $3,963,546,049.83. The average daily clearings were $344,328,383.73, ranging from $686,844,890.58 on January 3d, being the largest of record, to $143,848,416.74 on August 6th. The average daily balances were $12,516,130.29, the largest being $25,622,145,25 on January 3d, and the smallest $5,429,765.05 on March 19th. CONTRIBUTORS TO THIS VOLUME. The Secretary returns his thanks to the Hon. O. P. AUSTIN, Chief of the Bureau of Statistics of the Department of Commerce and Labor, Washington, for advance statements of Imports, Exports and Re-Exports of the United States for the Fiscal Year ended June 30th, 1906, to CHARLES MCK. LEOSER'S SONS for a report on the Wine and Spirit Trade; to WILLIAM B. DANA & Co., for a report on the Cotton Crop; to H. C. FOLGER, Jr., for a report on the Petroleum Trade; to GEORGE W. COPE for a report on the Iron Trade; and to GEORGE R. PHILLIPS, of New Bedford, for a report on the Whale Fishery. CHAMBER OF COMMERCE, NEW YORK, June 15th, 1907. PROCEEDINGS OF THE CHAMBER OF COMMERCE, FROM MAY, 1906, TO MAY, 1907. 138th Annual Meeting, Thursday, May 3, 1906. THE One Hundred and Thirty-Eighth Annual Meeting of the Chamber of Commerce was held in the Hall of the Chamber, Thursday, May 3d, 1906, at half-past twelve o'clock, P. M. PRESENT. MORRIS K. JESUP, President. CORNELIUS N. BLISS, Vice-President. JAMES G. CANNON, Treasurer. GEORGE WILSON, Secretary. GUSTAV H. SCHWAB, Chairman of the Committee on Foreign Commerce and the Revenue Laws. A. FOSTER HIGGINS, Chairman of the Committee on the Harbor and Shipping. ANTON A. RAVEN, Chairman of the Committee on Insurance. George F. SEWARD, Chairman of the Committee on State and Municipal Taxation. And two hundred and five other members. The minutes of the special meeting, held March 8th, and the regular meeting, held April 5th, and of the special meeting, held April 20th, were read and approved. REPORTS OF STANDING COMMITTEES. A. FOSTER HIGGINS, on behalf of the Executive Committee, reported the following resolution : Resolved, That the Special Committee on Currency Reform, the Special Committee on the Preservation of Niagara Falls and the Special Committee for the Relief of the San Francisco Sufferers be and they are hereby continued to complete the work referred to them by the Chamber. The resolution was unanimously adopted. GUSTAV H. SCHWAB, in behalf of the Special Committee appointed at the last regular meeting to audit the accounts of the Treasurer, submitted their report, showing the receipts and disbursements by that officer, from May 1, 1905, to April 30th, 1906, duly audited by the Committee. The report was accepted and ordered to be placed on file. REPORTS OF SPECIAL COMMITTEES. CHARLES A. SCHIEREN, Chairman of the Special Committee appointed at the last regular meeting to nominate Officers and Members of the Standing Committees, reported the following ticket agreed upon by the Committee, which was unanimously accepted: For Chairman of the Committee on Finance and Currency. For Members of the Committee on Finance and Currency, to serve until May, 1909. JACOB H. SCHIFF, JOHN I. WATERBURY. For Chairman of the Committee on Foreign Commerce and the Revenue Laws. GUSTAV H. SCHWAB. For Members of the Committee on Foreign Commerce and the Revenue Laws, to serve until May, 1909. CHARLES A. Moore, SILAS D. Webb. For Chairman of the Committee on Internal Trade and Improve ments. A. BARTON HEPBURN. For Members of the Committee on Internal Trade and Improvements, to serve until May, 1909. JOHN D. CRimmins, DAVID WILLCOX. For Chairman of the Committee on the Harbor and Shipping. A. FOSTER HIGGINS. For Members of the Committee on the Harbor and Shipping, to serve until May, 1909. Henry F. Dimock, WILLIAM L. GUILLAUDeu. For Chairman of the Committee on Insurance. ANTON A. RAVEN. For Members of the Committee on Insurance, to serve until May, GEORGE E. IDE, 1909. ELBRIDGE G. SNOW. For Chairman of the Committee on State and Municipal Taxation. GEORGE F. SEWARD. For Members of the Committee on State and Municipal Taxation, to serve until May, 1909. CHARLES S. FAIRCHILD, FRANK H. SCOTT. |