In February, 1835, Mr. Packard informed the Commissioners of the Canal Fund of the loss of the certificate in question, and requested that authority might be given to the transfer officer in New-York, to issue another certificate to him, on satisfactory proof of the loss, and on giving such guaranty as might be exacted to secure the interests of the State. The petitiouer was informed that a certificate could not be issued to him, under the circumstances, without an act of the Legislature authorizing it to be done. In July, 1835, he made application to the Commissioners to receive proof of the loss, and a guaranty against the lost certificate, and thereupon to pay him the $5,000, with the usual premium, and thus cancel the debt. In answer to this application, Mr. Packard was informed that the Commissioners did not consider themselves authorized to pay the creditors of the State for canal loans unless the certificates were surrendered to them; and he was again referred to the Legislature for relief. The certificates of canal stock are transferable only at the office of the Manhattan Company, in the city of New-York; and when a transfer takes place, the original certificate is surrendered and a new certificate is issued to such person as the owner of the original certificate may designate; and the name inserted in the new certificate is entered upon the list of stockholders, and to this person or his authorized attorney, the quarterly interest is paid until a second transfer takes place in the manner before described. Mr. Packard, therefore, is not deprived of his interest on the $5,000 in consequence of losing the certificate; but he is unable to use the principal by selling the stock, and he will not be enabled to obtain a reimbursement of the principal from the State in 1837, the period when the debt is payable, without an act authorizing the Commissioners to redeem, on proof that the certificate has been lost. The relief asked for by the petitioner may be granted, in the opinion of the Comptroller, with entire safety to the interests of the State. Respectfully submitted. A. C. FLAGG. No. 49. IN ASSEMBLY, January 16, 1836. REPORT Of the Orange County Bank, in relation to unclaimed DEAR SIR: deposites, &c. BANK OF ORANGE COUNTY, Goshen, January 11th, 1836. S I annex a copy of the unclaimed dividends and deposites in this bank, which was published on the first day of September last, in conformity to an act of the last Legislature. Very repectfully, P. REYNOLDS, Jr. Esq. Clerk of the Assembly. Your obedient servant, Cashier. A true and accurate statement of all the deposites made in the Bank of Orange County, and of all the dividends declared upon its stock, which have remained unclaimed for the two years next preceding the 1st day of September, 1835, made in conformity to an act of the Legislature of the State of New-York, relative to unclaimed bank dividends and deposites, passed 9th May, 1835. No. 50. IN ASSEMBLY, January 11, 1836. REPORT Of the Lockport Bank, relative to the amount of bills in circulation. LOCKPORT BANK, In obedience to a resolution of the Legislature of the State of New-York, passed April 20th, 1835, calling on the incorporated Banks of the State to report the amount of their bills in circulation, and the amount of each denomination thereof, on the first day of January, 1836. The president, directors and company of the Lockport Bank, respectfully report: That the total amount of the bills of said Bank, in circulation and outstanding, on the first day of January, aforesaid, was one hundred and twenty-six thousand and eighty-five dollars, That of the denomination of 50's and 100's there was $20,000 It is proper to add, that the amount of each denomination contained in packets of sealed mutilated notes on hand, has been estimated; but it is believed the above statement is quite correct. All which is respectfully submitted. [Assem. No. 50.] GEORGE FIELD, Cashier. 1 |