Kenosha tribune & telegraph. [volume] (Kenosha, Wis.) 1856-1859, 1859-01-20
KENOSHA, WIS, THURSDAY, JANUARY co. 1859,


the estimated revenues be realized, there
would remain at the close of the yea
1859, after paying all demands upol
the treasury Of the State, the sum o
$I93,255.
insisted to the last Legislature, tina
the debts due from the State should b.
provided for and paid. With this view
satisfied that nothing could be seasonal
bly,, if at all, realized from Janssen''
debts, provision was made for levying
State tax of $25O,oOO. Added to this
sum was the amount of arrearages from
several counties to be collected from
those counties, and the sum Of two-tifth'
of mill on the dollar authorized by law
under the acts of 1853 and 1855, to pay
interest on State loans, &c. The inter
est on these two loans had not been pro
vided for especially, by the different
Legislatures, nor apportioned by the
secretary Of State among the several
counties, as required by the acts author.
izing the loans, 80 that the interest had
been paid out of the general tax, and in
the aggregate, running through several
years, over $24, 900 had been so paid.
When the last apportionment was made
the two-ffths of mill upon the equal
lied assessed valuation was levied as
the law demands. The sum to be real
lied, if the taxes are promptly paid, will
be much greater than was necessary for
the purpose intended by the Legislature,
when the law authorized the assessment,
and much greater than was expected,
because it could not have anticipated
that under the operation Of the new as
sessment law, the equalized, assessed
valuation of property in the State, would
have been increased in single year,
over $100,0O0,00O, as the results have
shown. The policy pursued, however,
will entirely relieve the State from debt
and leave large surplus in the treasu-
ry to meet current expenses IS they &C
crue.
A comparative statement af amounts
audited and chargeable to the several
funds of the State which have passed
under the scrutiny and supervision oil
the controller, during the months OF
June, July, August, September, Octo-
Der, November, and December, of the
years 1857 and 1858, shows difference
in favor of 1853 of 47,962,79. To re-
lieve the State of the difficulties, embar-
easements, and financial confusion of the
last few years, has been the earnest eff
fort of the present State officers. 1t is
now unquestionable, that the exercise
of proper economy, after making APP
preparations for legitimate State pur-
poses, and for the support of our char
liable and penal institutions, will not
necessarily require the levy of State
tax, for the next year, by this Legisla-
ture, Of over 100000.
BANKS AND BANKING.
The amendments made to the banking
laws at the last session of the Legisla-
ture, were approved by the popular vote
at the last election. The bank CONTROL
err has filed an additional bond of fifty
thousand dollars with approved securi-
ties, thus increasing his bonds to the
sum of one hundred thousand dollars,
as required by the law. The banks
which have been located away from
business centres, at inaccessible and re-
mote localities, have been removed as
required by section 10 of the amendato-
ry act. Our banking law is now per.
haps as safe and unexceptionable as any
that can be devised.
On the first Monday of january, 1858, the whole
number of banking associations under the laws Of
this State, was a. having aggregate capital
OF D., 94O, UUI
During 1858, 80 new banks have been Or
ganzed with aggregate capital of. ,240, 600
Seven banks have increased their capital
| to the amount of. .275, 00t
$s,455, OOC
Eight banks have relinquished business,
having an aggregate capital. ----------- 4l0 ,o0(
Leaving the whole number of banks in
operation on the fret Monday of Jrnua,
! airy, 1859. ninety nine 1897 with an ag-
! gregate capital Of -------.--.-.-.8,O4 5, 0Ut
The increase of banking capital for the
year is. ,ol5, DOT
The whole amount of countersigned notes
issued Ind delivered to the banks ard
outstanding the first of January,
1859, ,Ss2, Az
To wit
Banks doing business. ,776, 33'
| banKS winding up -Il6, OF