, 1859-01-05

ing in relation to the survey had ever he.n
published or even prepared for publication,
with the exception OF L pamphlet Of hun
dred pages. the publication OF which was OH
taincd by the State officers after much effort,
and within the last eighteen mouths, it was
deemed essential to reorganizc the corps.
This was done early last spring, and Mr.. 4.
II. Worihen placed at its head. Tie curps,
under this new organization, has been active
II engaged during the summer and tall. and
is nov ready to report Tue report will com
prise volume Of some 800 pages. hope
lie Legislature will at once order it to b,,
printed. that oil may know what progress has
been made in this important work, and real.
izc such benefit rs is deriyabIc from what has
been done. The work is now progressing
quite satisfactorily and h"re tuat tie IT,
port presently to be submitted to you will
encourage continuance cs the requisite ap-
nrnnri,.;.>-- .:1t tut work is COMPLETED. Four
trats, It is presumed, will be sufficient to fin
ish up the work. For lefruying the expenses
Of publishing the report above referred to.
ayailed myself of the contingent fund bu,
for Ill. printing Of that now 10 be submitted
to you. tie Legislature must make provision.
Your attention is also called TO another
matter connected with This subject. Therei:
no building ar room belonging to the State,
which eau properly be used as a depository
for specimens, and toz other purposes connect
cd with the survey. The uIn1ory, formerly
used for that purpose, had to b.. given up.
since which We hare rented private rooms OF
c:tizen-paying for them mostly out of the
contingent fund. This, undoubtedly, will no
longer be done; as the Legislature being in
session, and its attention being drawn to the
subject, will, of course, provide for the exi-
sency.
Our present system of banking is, in the
main, satisfactory. So lar as the security Of
the bil'-holders is concerned, it seems to be
amply sufficient. OF the six bal Is which have
closed within the last two years, every dollar
of their paper, with she exception Of that IS
sued by single bank Was redeemed ct par by
the auditor, out Of the securities IN his hands,
and the loss on tile paper of that one bank
was mere tribe. The auditor is entitled to
no small credit for his judiciors aud SUCCESS
full management Of the affairs OF these sus-
pended banks. by means of which, notwith-
standing their rcputed and supposed insoly-
ency, every dollar Of their paper was fully
redeemed.
There is at the present time on deposit with
the auditor Ss,741,745 IS Of stock securities,
calculated according to their strict value iI
market: while the eatirc amount Of circula-
tion of all the banks is S6,205, l23; OF $685.
G23 Is less than The amount actually pledged
rs security.
There are, however, one or two defects con-
nected With our system which it is highly de-
sirable should be 1emedied. One OF these
evils is the largo number OF musilated small
notes in circulation. Our currency, IN some
places, seems to be composed very largely Of
emell bills 20 ragged, torn and mutilated,
that even their denomination or tue bank
which Issued them can hardly be made out.
This is 9 serious evil, and tends very much,
and justly, to keep paper money in di9epute