New York Chamber of Commerce and Industry records, 1768-1984 (bulk 1860-1973).
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Creator:
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New York Chamber of Commerce and Industry. |
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Phys. Desc:
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185 linear ft. (337 document boxes, 81 oversize bound volumes, 50 bound publications, 17 flat boxes, 1 index card box 1 small
flat box)
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Call Number:
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MS#1440 |
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Location:
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Rare Book & Manuscript Library |
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Biographical Note
The New York Chamber of Commerce and Industry, founded in 1768 by twenty New York City merchants, was one of the first commercial
organizations of its kind in the country. Formed around the premise of serving the needs of the local business community,
the Chamber eventually became one of the industry's strongest advocates. Over the years, its activities attracted the participation
of a number of New York's most renowned business leaders, including former New York City Mayor and the Chamber's first president,
John Cruger, Samuel F.B. Morse, John Jacob Astor, Peter Cooper, J. Pierpont Morgan, and multiple members of the Vanderbilt,
Rockefeller, and Murray families; notable figures such as Thomas Edison, Andrew Mellon, and Herbert Hoover were elected to
honorary membership. The Chamber aimed to unify the voice of commercial industry in New York, allowing a respected forum for
dialogue among its members which would often result in an amalgamated effort towards action and resolution. The prominence
and power of its members garnered distinction for the organization, placing the Chamber in a unique position to command the
attention of government bodies both locally and nationally. Collectively, the organization was able to agitate for legislation
that would provide a favorable climate for the growth of business in New York City and State, in turn encouraging the development
of a complex urban environment in which commercial industry could thrive. The Chamber's founding members first met on April
5, 1768 at Bolton and Sigel's Tavern, now known as Fraunces Tavern, to form a mercantile union that would defend and promote
their collective interests. Organized under the name the New York Chamber of Commerce, the society moved its home base to
the Royal Exchange in 1770, and was granted a royal charter from King George III incorporating it as “the Corporation of the
Chamber of Commerce in the City of New York in America." At the outbreak of the American Revolutionary War, the membership
was divided into Loyalist and Patriot factions. Patriot members, including John Cruger, the first President of the Chamber,
left New York City after the British invasion of 1776 while their Loyalist counterparts continued to hold meetings and transact
business in the City. After the British evacuation in 1783, the Chamber's returning Patriot members quickly established control
over the organization and relocated to the Merchants' Coffee House building. The Chamber was issued a new charter in 1784
reincorporating it as "the Corporation of the Chamber of Commerce of the State of New York." In 1793, the Chamber again relocated;
this time to the Tontine Association across the street from the Merchants' Coffee House. Member participation began dropping
steadily after the turn of the century, and by 1806 meetings were suspended due to lack of attendance. In 1817, Chamber President
Cornelius Ray called for resumption of the organization's business. New officers were elected and the membership base was
increased by thirty-six during the first meeting. This marked the beginning of a new era for the organization. As of 1827,
the Chamber had claimed the Merchants Exchange Building as its headquarters; however, the Great Fire of New York in 1835 forced
members to relocate once more, this time to the Merchants Bank on Wall Street. Though many of the Chamber's prized historical
objects and documents were saved from the fire, including member portraits, minute books, and the Chamber's official seal,
the original charter is believed to have perished. By 1849, membership had surpassed the two hundred mark, and the administration
became increasingly consumed by management concerns. Elected officers authorized the hiring of an official clerk and librarian
to assist the elected Secretary in overseeing day-to-day functions. The administrative staff was vital to the operation of
the Chamber, answering outside inquiries on the organization's work and fielding appeals for guidance and counsel from commercial
organizations across the country, all the while facilitating dialogue among the Chamber's constituency and countless committees.
The outreach efforts of the administration, in addition to the prestigious projects the organization was involved in, quickly
established the Chamber as a model for other chambers of commerce, both domestically and abroad. As its membership increased
in size and prestige during the 1800s, the Chamber's power grew accordingly and the organization proved to be instrumental
in the realization of several initiatives integral to the development of both New York City and State. In the interest of
serving regional commerce, the Chamber heavily promoted the construction of the Erie Canal in the early 1800s and the establishment
of the first transatlantic cable in 1858. The Chamber became progressively more involved in trade and commercial concerns
at the national and international levels, and began releasing annual reports in the mid-1800s which outlined the condition
of mercantile affairs and noted important changes relative to trade in the national business market. Perhaps one of its most
recognized contributions to the business industry was its role in arbitrating commercial disputes among regional merchants.
The Chamber's creation of a Court of Arbitration, a body recognized by the State to oversee commercial disputes, and its own
Committee on Arbitration, whose records and purpose often overlap with the Court's, are both indications of the Chamber's
commitment to settling mercantile disagreements and furthering its goal of providing merchants with an agreeable environment
in which to conduct business. The Chamber also lent its support to major public works within New York City--the expansion
of the City's water and waste management system, construction of a rapid transit system, and quality commercial education
for area businessmen were all projects championed by the Chamber. The defense and management of New York ports and harbors
were also of concern; the eruption of the Civil War in the United States prompted the Chamber to gather funds and successfully
petition both the Executive and Legislative branches of the United States, the New York State Legislature, and the New York
City Council for an allocation of money for the defense of the New York Harbor. In addition to these large scale ventures,
the organization was involved in numerous smaller projects over the years, including construction of a lighthouse in Martinique,
overseeing the Nautical School of the Port of New York, and developing measures to protect the City's population during cholera
outbreaks in the 1890s. Many of these accomplishments can be attributed to the work of the Chamber's standing committees which
began to appear in great numbers by the second half of the 19th century. Committees were an essential component of the organization;
they allowed members to focus on a broad range of issues relevant to commercial industry in the New York region and nationwide.
Standing committees often concentrated on a general sector of commerce such as finance, conservation, public service, or taxation
laws, while ad hoc special and sub-committees focused on these topics in finer detail. The proliferation of committees at
various points in the Chamber's history can be directly linked to contemporary affairs; certainly, the occurrence of particular
events throughout the 19th and 20th centuries, such as debates on the National Budget, natural disasters, or urban entertainments,
can often be traced by the existence of corresponding Chamber committees. At the turn of the 20th century, the Chamber's administration
grew again as it faced a progressively more complex business environment; the administration now included the elected positions
of Executive Vice President, Assistant Secretary, and Assistant Treasurer. The result of the Chamber's growing influence and
prosperity was the 1902 completion of construction of the Chamber of Commerce building at 65 Liberty Street in lower Manhattan.
Illustrating the Chamber's importance at the national level, both President Theodore Roosevelt and former President Grover
Cleveland spoke at the building's dedication. The top floor of the new building, the Grand Hall, was lined with the Chamber's
collection of over 200 member portraits and it was here that most business was transacted, including regularly occurring member
meetings. The Chamber's wealth and prestige continued to swell exponentially, and in honor of the Chamber's significant projects
and influential membership, increasingly opulent annual banquets were held. Invitations were delivered by messenger and hand
engraved by Tiffany and Company, whose founder was also a member. Following this period of economic and civic prosperity leading
up to the 1920s, the Chamber began a gentle descent, slowly losing members and influence. The Chamber began considering the
possibility of merging with other New York City commercial organizations as early as the 1940s. An agreement was reached in
1973 between the Chamber and the Commerce and Industry Association, formerly the Merchants' Association, to merge the two
parties into one organization: The New York Chamber of Commerce and Industry. However, this new incarnation of the Chamber
did little to alleviate the organization's declining revenue and dwindling authority. In 1979 the Chamber left its headquarters
at 65 Liberty Street and moved in with the New York City Partnership, an affiliate organization founded by Chamber member,
David Rockefeller. In 2002 the two organizations formally merged to form the Partnership for New York City and the Chamber
ceased to exist.
Scope and Contents
The archival records of the New York Chamber of Commerce and Industry provide a thorough history of the organization, rendering
a vivid portrait of the Chamber by means of committee records, minute books, printed materials, photographs, reports, and
a wealth of correspondence. Materials originate mostly from the 19th and 20th centuries, though there are some notable items
from the 18th century such as the first volume of Chamber of Commerce meeting minutes that dates back to 1768. Subject matter
in the collection primarily focuses on New York City and State commercial and urban development, though it often extends to
national and global business concerns. This collection is particularly notable because of the presence of the records of the
Commerce and Industry Association, formerly the Merchants' Association, a commercial institution whose focus and constituency
were comparable to that of the Chamber. The Chamber of Commerce merged with the Commerce and Industry Association in 1973
and thereby acquired the Association's historical records. Series IV is devoted solely to the records of the Commerce and
Industry Association while the remaining nine series are divided according to format or purpose.
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