The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-08

During that part of the fiscal year which preceded
the passage of the act Of 18th April, 1851, chapter
164, creating banking department., and detaching
Comptroller's Department, few incidents occurred
m relation thereto requiring special notice from this
Office.
The Comptroller was informed, on the 9th of
March last, that the notes OF the Lewis County
Bank were not redeemed by its agent in this city,
and there was reason to fear the institution was in
solvent. No time was lost in making an examins-
ton of its affairs, through Andrew White, ESQ., of
this city, who, after adopting such measures as
were deemed advisable to prevent any improper
application of the funds of the bank, and after in
yestgating its condition, was preparing his report
At this time representations were made, that
little delay might enable the friends of the bank
to strengthen it as to save themselves and the pub
lie from impending loss.
The report was delayed, and, in q short time,
efforts efficient and we'll directed were applied,
TO authorize the agent to report large additional
securities for future operations, and very heav
stances, the bank was permitted to proceed, as it
has continued to do it is believed, pr0sperously.
Between the 10th Of March and the 18th Of June,
when Mr. st. John assumed the control of the
Banking Department., the circulation of this bank
was reduced more than one hundred thousand
dollars
1t will be seen by the foregoing statement tina.
the balance in the Treasury. transferred to the
Superintendent on the 18th Of June last, was
$26,9l950
For such information as may be useful and
necessary, on the subject Of banks and banking in
this State, the Comptroller takes great pleasure
in referring the Legislature to the report which
will be presented by the Superintendent of that de-
partment, availing himself, at the Same time, Of
She opportunity to express his firm conviction Of
the wisdom Of the measure adopted by the last
Legislature, making this separate and distinct
branch Of the State government.
MARINERS FUND.
This fund consists Of the following items, viz
Mortgage Of the American seamens Friend
Gpetas fwifh fsnfar ach
3oney in the Treasury paid under protest IA o5s IS
sl54 ,22s 70
For money in the Treasury above represented as
having been "paid under protest." to wit,
$l44,058 90, the Comptroller was directed, by chap
Treasurer, payable to the merchants, masters, or
owners Of vessels whose accounts the m oney was
originally paid, when they should make good their
claims TO the same, taking good and sufficient re.
lease of all claims therefor against the State and
the Health Commissioners, to whom payments were
originally made.
Upon an examination Of the accounts and vouch-
ers in this Department, it soon became manifest
that as these accounts had reference to the deposit
tors of the funds (the Health Commissioners), and
not to the original payers, it would be impracti-
cable. without much preparation In procuring
books and papers, or copies, from the Office of the
Health Commissioners and other places, to maks
such careful and thorough investigation OF thes
numerous demands as their nature and the magni
EuQe o.! tLo sums involved OBVIOUSLY required. IRE
Stunning that facts might be developed calling often
for legal opinions upon com plioated questions, and
aware, also, that the examination could be m ade
moro conveniently to all parties ia New York than
elsewhere the Comptroller requested, and fortu-
nately, as he thinks obtained the aid of the late
Chief Justice Bronson in arranging the papers,
experimenting the statements, deciding coRtro-
verted points, and settling the to be paid upon
each Of the claims. IN doing this, the very syste.
maii,c and regular books N the Health Commits
sioners' Office were found to be exceedingly useful,
in testing and deciding the correctness OF vouchers
submitted by the caimsn
The report Of Judge Bronson Was received about
the 18th OF October, and after full comparison
Of the results and details with such sources OF In
form alton as were attainable in the Comptrolers
Office, and becoming convinced Of their accuracy,
payments have been made since the close of the
fiscal year, of such sums as have been demanded
by those persons to whom they were respectively
awarded or their attorneys. In all cases what is
Saer,.,d sufficient and suitable release, has been
taJe. fran, re parties and is filed in this office.
COW thereof scco,, nanies Judge Bronson's report
on this subject.
FUND FOR THE PAYMENT OF iNrEREsl 80
ISSUED EY THE NEW YORK AND ERIE EA.,'"o"'
COMPANY.
Balance in the hands Of the Comptroller on
/. the lat December 1850, viz
Ame unt invested IN State stock. SIT 020 65
Balance IN the Merchants Bank 1874 "a %
--SlH 33t %
Received on account OF the fund. viz -
Interest State stock due Ist
Jar uary and LIST April, 1851 49,. So SOL 03
Premiums on sales Of State stock 6,5i6 95