revenue of the fund; but they are to be paid "out of the bank fund." The seventh section directs that before a distribution of the income shall be made to the contributing banks, the payments for the salaries of the Commissioners shall be deducted from that income, so that the final effect will be to pay the salaries out of the revenues of the fund. But it would have seemed to the Comptroller an unreasonable construction of this act, that these officers must perform their expensive duties without compensation, until the investments of the capital of the fund could be made to furnish the means for their payment; and he surely would not have adopted that construction, when the different provisions were susceptible of a different one, equally natural from the language, and much more consonant to what he believed to be the spirit and meaning of the act, and in the result equally safe for the preservation of the entire capital of the fund. The payments have therefore been made as before stated, and as yet almost entirely from the capital moneys. No other expenses have been paid out of this fund, nor is the Comptroller aware that any can occur chargeable upon it, except in the contingency of a bank failure. All which is respectfully submitted, Dated Albany, 26th January, 1832, SILAS WRIGHT, Jr. A STATEMENT showing the names of the Banks which have contributed to the Bank Fund, entered under an alphabetical arrangement of the respective counties in which the banks are located; the Capital of each Bank paid in; the amount contributed to the Fund by each Bank in 1830-31, and in 1831-32, and the time for which the first contribution was calculated in each case. Contributions of Contributions of Time of contribution for first payment |