Kenosha tribune and telegraph. [volume] (Kenosha, Wis.) 1855-1855, 1855-01-18

DC advantageous 10 as great degree as
under the present system and the State at
large will be benefited to an extent, which
the practice of monopolizing large tracts,
by few individuals, has tendency TO pre-
vent The only class whose interests such
action will have detrimental effect upon,
is one composed of spectators merely, and
who are not the tillers of the soil. An in
stance of such attempted monopoly occur
red during the year 1858 when few par
ties combined and bou ght in connection
upwards of $50, 900 acres; and also during
the last year, single individual purchaser
appears upon the books of the department
as the proprietor of nearly $4,000 acres
and in sundry other instances, similar oper-
ations, on a similar scale have occurred. If
without detracting from the proper fund, Il
the income arising therefrom, this growing
evil can be prevented, | deem it to be your
duty to provide the same by such enact
ments as are best calculated TO ensure the
desired result.
| recommend to your especial notice the
very full and clear report of the State SUI
perintendent, as exhibiting ample evidence
that our common school system was well
devised, and is now thoroughly organized
having by Its practical operations, dem
onstrated that the hopes early formed IN
regard to it were not extravaganza. The
cause of education in this State has mani.
tested a degree of prosperity that furnishes
us with good reason for rejoicing; and the
degree of interest not only exhibited. but
felt by all in its advancement and perman-
ent establishment, affords strong testimony
of its continuance and value. The various
institutions of learning established in differ
ent parts of the State, and not assisted from
any fund over which it has the charge, are
all as flourisng and prosperous as we could
at this early day, have any re ason to hope
they might be. We have cause to be proud
Of the fact that SO many Of them, conduct
ed as they are by able and learned men,
have already been reared in our cities and
villages, and are spreading widely their ben
etica intluence. The secona dormtery building Of
the State University is now nearly complete,
and will be ready for the reception OF students ny
the first Of June. ii affords pleasure to state
that this valuable institution continues TO increase
It's Influence and usefulness, and is steadily pro-
crossing IN all It's departments. The report oil the
Board of Regents, which has not yet been received
but which will in a short time be laid before you
will exhibit particularly al matters OF interest
connected with tho University, which Will doubt
less merit your attention. The gross amount of
the University fund, on the first day of January,
amounted to Sl6l ,l466l. The amount Of in.
come applicable to the support OF tt is tuition for
the present year including the aceruipg interest :or
1855, is $l2, 405.45
The report of The Bank comptroller enables me
to lay before yon reliable information, concerning
the operations of the various banks, under the
General Banking law or the State. Ii appears
that the number Of banks established and transact
ing business under the law is twenty-foar, with
an aggregate capital o: S 100000 90. The amt
OF securities, siSting entir, ly Of State Stocks
deposited with The comptroller s ,033, 600 up
on which the issue Of circulating notes amounted
on the first day Of the present year,to Ss3 h393-
yielding to the State, by tax, Tor the year
1854, of SlS,l65 G2.
Ii is gratifying fact, and Que upon which we
may congratulate ourselvcshut thus far the prac-
teal working Of our banking system, gives ev-
dence Of its superiority many, II not over all,
those adopted in other States Notwithstanding
numerous failures of banking institutions in other
States, and the money panic, which OF late has so
generally prevailed, but or the nst utlons
ganzed under the general law OF this ) ate, is re-
ported to have failed 10 redeem promptly It's notes.
As AN evidence of great determination ON the part
OF bankers, TO merit confidence in nearly every IN
stance, upon the request Of the comptroller, tddi-
tional securities have been deposited to an amount
corresponding with the secent decline III The mar
ket value of stocks; or By the return 10 the comp
tro'ler of an amount of circulating noes equal 10
such depreciation. The promptness evinced by the
banks in thus responding and the sound discretion
exercised in the management ola department so
important TO the credit and business interests OF the
State, cannot but command your approhatIcn
Onr banking law, although generally regarded
as being as we'll adapted to secure the inter-
ests Of the bill holder, any which could well be
framed yet it is not void OF defects, which are pom
ted out in the report Of the comptroller, and wli.
trust, receive Your attentive consideration, aud
in that connection it may be well to consider
whether there is not class OF securities within our
own Stnte. of the nature of bonds issued by some
of The principal cities, that may under proper re-
strictions be received as the basis Of Banking.
The present unsettled condition Of monetary af-
fans, which is pervading the country so generally
and more recently brought nearer home to us, with
increased deeterious effects in 9uence OF uu-
merous bank failures in neghboring States, induce
me TO invite YOU 10 the examination of TIE subject
& urge upon YOU the necessity OF such cDac'mens
as will, as far as practicable, provide u remedy.
and protect the people against the imposition and
fraud so frequently practised by the Introduction
aud circulation of doubtful currency broughtto our
s ate aud forced into very general use-not UNI
frequently through INC ana Ol oCdi pdhhciS' WV
neither hold themselves responsible for lis redemp-
ton oil make it OF revenue to the Stale by
the Laymcnt OF tax upon the capital, If any there
is thus employed. The effect oil this practice mp
on the legitimate business of banking under the
law Of this State to discourage, and frequently
c-ipo,e those institutions which were established III
good faith under II.
Viewing this matter in the light dc, | can ar
rive at no other conclusion, than that ,ustce to The
State as well the banking institutions establish
ed undcrits avs, and the safety Of the bill holder,
demand of you either provide for prohibit ng the
circulation OF all foreign bank notes not secured III
a manner equal to own: or, at least, require as
far as practicable, such bankers as may issue Tor
ecn notes, to treat ;hemn all respects as Their own
currency, issued in conformity to Our banking law
and render il subject to the same require nsn's III
every important particular.
A report in detail, of the condition and
wants of the State Prison, is submitted by
the Commissioner thereof, to which invite
your early and careful attention. During
the year 1853, Henry Brown, then Com
missioner, contracted with Andrew Proud
fit to erect the stone work Of the south wing
of the permanent Prison building. Subse-
quently, the present Commissioner made