The Kenosha telegraph and tribune. [volume] (Kenosha, Wis.) 1859-1860, 1860-01-19


Pany bonds per cent ---.- $4,000
Total o > e1H-tf .IEt 2 s1oz5 7o1
Specie Of organized Banks 1924 so
Specleof Banks winding up 132,2O1 90 s~
Total securities on deposit S199 5eS sC
The amount of the Bank Tax
curing past year was .se 11e aOe or
Inc present Comptroller suggests that it is
evident the original Bank Law of this state
Antended to provide only for the establishment
totmbuslness Banks, and not of circulation
merely, and that banks of the latter class warn
always eYasions of the law. To maEe +bio
clearer, the act of May Is, 1853, was nassad
directing the Bank ComptroHer tfo rafl 90
fHto'lssue any circulating notes to anv Rank,
ing Association, unless he shall have salts
| factory evidence that such bar king assoc;a-
! stlon has not BEEN .or is not to be Organized
for the purpose of issuing circulating notes
merely, but was or is to be, organized for
the purpose of doing banking business bv
'diseounting bills, notes, and other evidences
''of debt; by receiving deposits; buying and
selling gold and silver bullion, foreign and
INLAND bills of exchange by loaning mon
"ey on real and personal security, and by ex-
''erelslng such incidental powers as NAV he
necessary to carry on such business. at the
place where such bank purports to be loca-
ted. ",..,. ...,- ......
After the passage of that act it was the
practice of his predecessor to REQUIRE from
such new Banking Ass ociations as were or
gained, the affidavit of some officer or
stockholder that the association was formed
tor the purposes indicated by this. law, and
such affadavits were taken as 'satis actorv
evidence. tits plain, that notwithstand-
ing these precautions, some Banking Asso-
Citations are kept up for the purpose of cir
culation merely, and without doing. or in
tending to do. a banking business, and with
out keeping an Office, as required, for the
redemption of their circulating notes.
- +" The evidences of these facts existing in
the Bank Department are as follows
First, the semi-annual Reports of num-
tber of banks show conclusvely that thew are
engaged in no banking business whatever
except the issuing Of circulating notes
Second, in several cases protests of circula
ting notes have been filed in that Office
! showing the presentation of such notes at the
pretended place of business Of the bank pur-
porting to issue them, and the non-existence
there, Of any office for the redemption of the
notes /" ..-.
The Comptroller suggests that he will I'M
hesitatingly refuse to iSsue further circula-
ting notes to Banks of this class, when they
are known; but action in regard to such as
have escaped or may hereafter escape the
vigilance of his office, seems to pertain
to some other Department of the Govern
ment
A case is referred to where the period
OF the termination of the association has
passed and no new certificate of association
filed. The Bank is in operation without au-
thority of law, and there is no power in that
department to efficiently interfere In all
such cases the Comptroller should be clothed
with power to close up the business of the
association, and the attention of the Legisla-
ture is invited to the subject | have no
doubt the Legislature has. power to amend
the banking law of this State without sub
hitting the amendments to a vote of the
people, N all cases where the amendments
40 not change the principle of the Banking
law, but merely aid in carrying out its true
intent and meaning, and tend to perfect the
system and protect the public
CHARITABLE INsTITUTIoNs-TH STATE HosPr-
| tai FOR THE INSANE
The buildings of this institution will not
be prepared for the reception of patients
before next spring.
The report Of the building Commissioners
and Of the Trustees, explains their paesent
condition and future necessities.
/ institutions of the kind are everywhere
more expensive than those of any other pub
lie character. Whether it was wise to let
the contract in the first instance TO erect so
much Of the proposed buildings at so early a
day, may be question of doubt But if
there was any error in it, it is now too late to
avoid it. All that has been done, would. at
some time have been necessary. The
money expended is not lost The buildingo
when completed according to the present
plan, will be less expensive than those of al
most any other State The want of fac;I;-
ties for safe keeping and successfully treat
ing insane persons in this State, is keenIv
felt. The institution should be prepared for
the reception of patients Immediately
The Trustees estimate the amount of mon
ey required for the use of the Hospital, for
the year 1860, at $28, 096 co. and for the ex-
tension of buildings, 10000 co.
A careful examination of the reports, and
ofthe buildings themselves, by committees
of the Legislature will show the necessities
of the Institution, pecuniarily, in is own be-
halt, and as public charity, in behalf of the
unfortunate class is designed to relieve
! STATE REFORM SCHOOL.
At the last session Of the Legislature, ten
thousand dollars were appropriated, to ena-
BILE the Commissioners to prosecute the work
upon the buildings of this Institution There
was clause in the law requiring, from the
Secretary of State a certificate that the IT,
tie of lands belonging to the State, upon
which the buildings were located, was per-
feet before the Treasurer was authorized to
pay the appropriation. The title to the
lands upon which the buildings were erected
was celtifed to be perfect. There were
about ten acres ofthe lands connected with
the Institution, which were encountered IN
such a manner that they could not be cleared
so that the money could be paid, if tech
nical construction was given to the law.
Nearly sixty acres of the lands are entirely
unencumbered. The condition of the build
ings was such, that if the work had been
stopped, the State must have suffered great
loss 1t was advised as a matter of public
necessity that such construction be given
to the law, as that the money might be
drawn and expended, upon such certificate
of title as the Secretary was able to give.
This course was very properly pursued, and
the money drawn and expended in other re-
spects as the law required. The appropria-
ton last year ought to have been $20,0
The amount required this year, according
to the estimates of the Commissioners is
$l5,029,84. The building is not yet com
pleted. Most advantageous contracts have
been made to complete it, with the advice
and approval of the Executive, as the law
provided The whole AMOUNT required to
complete the buildings ready for inmates,
will come within the first estimates of their
expense. The plan is the most perfect one
for the purposes intended, of any one of the
kind in the country, and the money appro-
priated has been more directly and economi-
cally expended than has been usual in public
Improvements of the kind The reports of
the Commissioners of the past two years,
and of the present year, give full informa-
ton of the subject
DEAF AND DUMB ASYLUM