Januarv 1, 1913.] 



THE INDIA RUBBER WORLD 



175 



mittee under whose direction such ordinary business con- l^ 

 troversies or disputes could be settled without litigation. '^^• 



Published on the 1st of each Month by 



THE INDIA RUBBER PUBLISHING GO. 



No. 15 West 38lh Street, New York. 

 CABLE ADDRESS: IRWORLD. NEW YORK. 



HENRY C. PEARSON, Editor 



Vol. 47. 



JANUARY 1, 1913. 



No. 4 



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TABLE OF CONTENTS ON LAST PAGE OF READING. 



SETTLING DISPUTES BY ARBITRATION. 



•HP HE administration of the law in this country has 

 •*• been for a long time something to make the patriot 

 grieve. When President Taft stated (a remark that 

 he has repeated in one form or another a number of 

 times) — that "the law's delay amounts in many cases to 

 a denial of justice," he described the situation with true 

 Presidential moderation. The eternal evasion of pun- 

 ishment by the rich criminal, and the interminable avoid- 

 ance of settlement in civil suits by those who have the 

 price of a new appeal, have long since become a national 

 disgrace. 



For some years there has been a feeling among honest 

 business men that some new method ought to be de- 

 vised — some direct and satisfactory method by which 

 the disputes that must inevitably arise in the course of 

 business — even among those who are in the main well 

 intentioned — could be settled. The New York Cham- 

 ber of Commerce has taken cognizance of this demand, 

 and in January, 1911, established a method of commer- 

 cial arl)itration under its auspices, and appointed a com- 



This action of the Chamber of Commerce has so 

 much significance for all those interested in any branch 

 of our commercial life, that it seems well worth while 

 to rejjroduce a brief description of the plan, which ap- 

 peared in a recent issue of the "Independent" — which will 

 be found on another page. 



The advantage of submitting to arbitration commer- 

 cial disputes which might otherwise lead to expensive 

 litigation, was illustrated in a case which was recently 

 settled through reference to this committee on arbitra- 

 tion, and which is of interest to both buyers and sellers 

 of crude rubber. 



Tlie case above referred to was submitted in conse- 

 quence of a dispute as to the quality of a portion of a 

 shipment of Plantation rubber on a delivery made bv 

 a rubber importer to his customer, and the question at 

 issue was whether the rubber was of "fair average qual- 

 ity," as described in the contract. As the contract had 

 this provision, "Disputes, if any, to be settled by arbi- 

 tration by the New York Chamber of Commerce," each 

 of the disputants selected an arbitrator to act for him, 

 and the third arbitrator (who was required to be a 

 member of the Chamber of Commerce) was an officer 

 of one of the well-known rubber manufacturing com- 

 panies in New York. The result of the arbitration, by 

 unanimous vote of the arbitrators, was the approval of 

 the rejection of the lot of rubber in question by the 

 purchaser. 



It is of interest to business men to know that there 

 now exists a method by which commercial disputes of 

 any nature may be adjusted, and which is available to 

 any merchant, whether he be a member of the Chamber 

 of Commerce or not. 



Disputes are bound to arise in the rubber trade, as 

 they do in every branch of commercial activity, and the 

 rubber men will certainly find it greatly to their advan- 

 tage to avail themselves of this method of settlement, 

 which is so direct, expeditious, inexpensive, and so 

 free from suspicion. At the last meeting of the Execu- 

 tive Committee of the Rubber Club of America, held 

 early in December, a resolution was passed "that the 

 Executive Committee approve of the plan of commer- 

 cial arbitration as adopted by the New York Chamber 

 of Commerce." This resolution of approval of the act 

 of another body was a most unusual step for the Rub- 

 ber Club to take, but it certainly is fully justified by the 

 great importance of this subject to the rubber trade. 



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