Comptroller, "whenever any mortgaged premises are bid in by commissioners of loans, for an amount less than the mortgage money, interest and costs due," if nothing more can be collected, and there is no fault on the part of the commissioners, "to credit them with the full amount due on the mortgage at the time of sale, upon their delivering to him the original mortgage, and all other securities for the mortgage debt."

The commissioners, however, under a misapprehension of the law of 1808, having sold the premises for a sum less than the mortgage, are unable to comply with the 46th section, before referred to, and cannot settle the account at the Comptroller's office according to said section. And the object of the petition is to have the sale of the lot mortgaged by Russell confirmed to Ledyard, and to have the Comptroller authorized to credit the commissioners with the sum due from Russell, after paying into the treasury, as already has been done, the sum received on the sale of the lot.

The value of the lot in question is stated to have been essentially impaired, from having been flooded by the erection of a mill dam; and if the mortgaged premises had been bid in by the commissioners of loans, and turned over to the Commissioners of the Land-Office, a considerable portion of the remaining value of the lot would have been expended in the appraisement and advertising of the same for sale. It is believed, therefore, that although the law has not been strictly complied with, the interests of the State have not suffered by the course which the commissioners of loans have pursued in this case. The Comptroller sees no objection to the passage of a law giving to the petitioners the privilege of closing the account according to the principles of section 46, before referred to, in the same manner as if the commissioners had bid in the mortgaged premises.

All which is respectfully submitted.

A. C. FLAGG.

IN ASSEMBLY,

February 1, 1833.

ANNUAL REPORT

Of Nathaniel Challes, an Inspector of Lumber in the city of Troy.

The following is the annual report of Nathan Challes, on of the inspectors of lumber for the city of Troy, for 1832, as follows, in superficial feet, viz:

1,310,406 feet white pine boards and plank,

IN ASSEMBLY,

February 1, 1833.

ANNUAL REPORT

Of Ebenezer Thayer, an Inspector of Sole Leather for the county of Tompkins.

To the Honorable the Legislature of the State of New-York.

The undersigned would respectfully report to your Honorable Body, that he has inspected during the last year, ending on the thirty-first day of December, 1832, three thousand two hundred and thirty-three sides of sole leather, the thirtieth part of which has been that of the best and good qualities.