Commercial Arbitration and the Law (Classic Reprint)

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Excerpt from Commercial Arbitration and the LawThe Chamber of Commerce of the State of New York is, I believe, the oldest commercial or trade body in the United States. Its charter runs back to the days of George the Third (April 5th, 1768). The act confirming it was one of the first pieces of legislation passed by the State of New York. Yet almost as old as the Chamber itself is its interest in the arbitration of commercial disputes. In the records of the Chamber are to be found interesting eases disposed of by arbitration during the Revolutionary Period. Just prior to Cornwallis' surrender and at a time when the City of New York was still under martial law, Andrew Elliot, "Superintendent-General, " writes (October 2nd, 1781): "As I was and still am of opinion that Mercantile disputes cannot be adjusted in a more proper or more equitable way than by a reference to respectable Merchants, it gave me great satisfaction when the method was so generally agreed to, and I flattered myself that notwithstanding the trouble it gave individuals, that it would at least continue as long as I had any concern in the Superintendency. I shall be much concerned if these, my expectations, should be disappointed." He then makes the following painful reference to the then existing condition: "The present Juncture of Affairs does not seem favorable for any new plans to be adopted.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.