At a meeting of the New York Chamber of Commerce, held December 16, to consider means for reviving American commerce, the following resolutions were adopted:
Resolved, That this Chamber recommend to the Congress of the United States, about to assemble, the modification of existing laws, so that
I. Foreign-built steamers may be imported free of duty, and privileged to carry the American flag, provided they are American owned and not to be employed in our coastwise trade.
II. That iron plates and such other material for the construction of steamers as may be deemed advisable, be admitted free of duty.
III. That on all ship stores procurable in bond, drawback be returned, as upon goods shipped for sale to foreign lands; and
Finally, That ample subsidies be granted to lines of steamers built in American yards, to the end that competition with powerful foreign organizations may be successfully inaugurated and sustained.
The Chamber ordered the resolutions engrossed, accompanied by a memorial forwarded to Congress.
These resolutions, in our opinion, embody the solution of the question under consideration, and we trust they may be speedily and favorably acted upon by Congress.
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