The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-16

ALBANY, Jan. l3, lS4S.
Banking hrestgations-Re Resignation Of John II.
Collier.
The resolutions offered in the Assembly yester-
day, calling upon the Comptroller for copies of
the correspondence between his agents and the
suspected banks, and for copies Of the testimony
taken upon the examinations of persons purporting
to be officers of these banks were voted down to-
day they were laid upon the table of the House.
on motion of Mr. Nathaniel Coe, of Livingston.
Mr.. Coe observed in support of his motion that
there was committee now engaged in exa-
mining the securities of these banks, as well as
their general condition.
understand that the Comptroller objected to
the passage of the resolutions, upon the ground
that they made certain acquisitions upon him
which II would take several months to comply
ci6c enough, and that they require a too yolumi-
nous reply; probably new resolutions will be In
troduced into the Assembly, to which it may be
more convenient for the Gomptro Ter to reply:
John A. Collier resigned his Office of Commits
sioner of the Code to-day. The following is a
copy of the letter of resignation which he sent
to the Legislature -
To THE How. THE SENATE
The experience OF few months in the discharge OF
my duties of the Commissioners the Code has
satisfied me, that II did not underrate the labor and
magnitude of the work, have perhaps, overratsd my
own powers Of endurance Chancellor Walworth, in his
=
full examination Of this subject have satisfied myself
that would be impossible for to perform my part OF
the labor Of forming such code as should consider il
Wy duty to attempt to compile in less time than five
siz years, devong twelve hours day TO that business
exclusively.n
With less matured views to the nature Of the I'M
dertakpg, and accustomed as had always BEEN to q
life of labor then thought confess that by industri
and everng application, the work might proba
bly, be accomplished In less time than the Chancellor
had thus fixed Although much time since my appoint.
me mt has been necessarily devoted to the preliminary
examination OF the subject and the outline and
plan Of the work yet, with all due allowance that
the little progress made compared with the labor
bestowed upon It, has convinced that the Chancellor
did not estimate the time the proper execution
the work would necessarily occupy.
For Myself am strongly edmonshsd by this brief
pertinent that even my whole time devoted excu-
svey to the work, my health and strength would fail
me, should perssvere In the effort to accomplish my
portion Of the duties within the period that to be
sacrifice, to satisfy the reasonable expectations, and
of which We have already been favored with early
stalment and with increasing doubts and misgvings
to the ultimate success Of the undertaking. and espe
cally II done In the hurried manner which the NANTES
tatons Of such impstienoe calculated to produce
have upon due confederation of the suect concluds
TO resign my place upon this commission and my
sisDation Of the once is therefore respectfully
dsred to the Legislature.
With great respect your obdt servt
| JOHN A. COLLIER.