The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-18

pubic Officer, ID entitled to such provisions Of law
WIN fully protect hin against any unjast sus-
ps;on OF danger Of fraud; n 10 accomplish thss
heretofore and does now assume upon himself the
right to require each bank to have agent ofits
selection present to witness the counting and destruc
ton Of the bills at the and sign certificate
thereof book provided for the purpose. Those
t6cates are the evidence in the hands Of the Supern
The attendance OF such agent also
OF the which frequently detected in the count
and marking by the officers Of the bank of the
contained in the packages sent be destroyed When
such discrepancy in the count exists the matter
ordinarily be made satisfactory in the absence OF the
open and counting progressed without his attendance
and unjust suspicion upon the clerks Of the departments
laturs is now called to the subject, inasmuch as
some bankers have, at times, shown . di-poi-
ton to question the right Of the Superintendent
to make such requirement; and the trustees of the
Bank Of Monroe, expired safety fund bank have
turLed four several packages marked containing
in the aggregate Sis 4 Of tia circulating SAID
bank to be burned without complying with the repeated
request Of the Superintendent and wholly negscag
appoint an agent authorize person to appear 10
their behalf 70 witness the counting aud burning raoe
packages still lying unopened in the vault awans
the attendance of a II usses or agent.
TIE Superintendent asks that such salntary require
ment receive the sanction and authority of and
that in cate any bills received by the SUPERB teni
ent for destruction, and the individual banker o. the
belong shall neglect refuse to procure the attedca
Of person In their behalf to witness and certify
euch counting shd burning within ten days aec the
receipt OF theh 1T the Bank Department. thatths Super
intendent be empower cd TO select appn some indcr
emit party at the expense Of the bank banker trustees
the cao may be- who shall for them in their behalf
and az their duly authorized agent witness and certify
such counting and destruction.
CONCLUSION.
The Superintendent has now, he bsves furnished in
the preceding report all the information to the egsla
ture which be Is required to do At the OF
their annual session. He has also called their
to such Moments of the laws will in his opinion
tend to improve the operation and Of the banking
system.
Having done this he conceives that his duty ia respec.
thereto has been fully discharged and it remaias
or the Legislature to judge OF the propety OF the
gestions and take such action thereon in their wisdom
they shall deem proper He cannot close this report
however without commenting In the highest terms the
general soundness of the banking Institutions Of the
State and the superior and safe circulating medium FUR
nished BY them to the public 1t Is to be hoped that
they will not be disturbed deraDged ny hssty in
considerable legislation change in the fundamental prn
cipes the system at the time that nothing viii b.
omitted TO be done the part CT the Legislature which
may be necessary 70 perfect, improve aud enforce the
quiremens Of tie banking laws and system as they now
exist. All which is respectfully submitted.
M. SCHOONMAKER, Superintendent