We beg leave to hand you the correspondence which has just passed between us, as a committee of the New-York Law Institute, and the Chancellor of the state, on a subject of great importance, especially to those who may be suitors in the court of chancery, residing in the city of New York.

If your excellency should look upon it in that light, or deem it entitled to such consideration, we have to request that you would make it the subject of a communication to the legislature, recommending it to their favorable notice and attention.

We have the honor to be, with great respect, your excellency’s most ob’t sev’ts.