Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-10-30
General Election Notice.
For Pierce County.

-
For Pierce County.
NoTIcE Is HEREBY GIVEN. that at the ten
e,al Election, to be held in the several Towns,
Wards and Election Precincts in the State OF
Wisconsin, on Tuesday succeeding the nfsO
Monday, being the fifth day of November (
next, the following officers are to be elee'ed'
to-wit:
A Governor, in the place of Alexander ".
Randall, Lieutenant Governor, IN the place
of Butler g. n oble; a Secretary OF State In
the place of Louis p Harvey State Treas
prer. in the place of Samuel d. Hastings am
Attorney General in the place OF James ii;
Howe Bank Comptroller, in the place OF
Guysbert Van Steenwyk g; a State Superin-
tendent, in the lace Of Josiah L. Pickard
and a State Prison Commissioner, IN the place
of HansC. Heg; whose several terms OF office
will expire on the 3lst day OF Decemter 1901.
A State Senator. for the twenty eighth Sem
ate District comprising the Counties OF fierce,
ST. Croix, Polk. Dallas, Burnett, Douglas, La
Po;nte and Ashland, whose term of office will
exnire on the first Monday Of January, 1864
A Member of Assembly, for the Assembly
District comprising the Counties of Pierce and
ST. Croix.
One or two County Superintendent OF
Schools, in the several Superintendent Dis
tricts. as determined by the County Board OF
supervisors.
County supervisors, in the several superVl-
sor Districts. and such other County Officers
as are by law required to be elected at such
election.
At the same election the question Will be
taken upon the approval by the people, OF the
amendments proposed to the General Banking
Law, by Chapter 242 OF the General Laws OF
1861, as amended by Chapter OF the General
Laws of the Extra Session of 1861, as follows:
CHAPTER 242.
As amended By Chapter |, Extra Session.
AN ACT to amend the General Banking Law,
and the several acts amendatory thereof.
The people IF tue State of Wisconsin. repre-
sented IN Senate and assembly, do enact as fol-
lopS:
Section /. Section o. of Chapter II, of the
Revised Statutes, with the thereunto belong
ing amendment, (see chapter 80 of the Cen
eral Laws of 1889 is hereby amended as fol-
lows: by striking out the following words ::
"Said stocks to be valued at a rate to be estI-
mated and governed by the average rate at
which said stocks have been sold in the city Of
New York, within the next six months prece-
ding the time when such stocks may be left
on deposit with the Comptroller BY stri-
king out the words equal 10" and inserting
after the words "not exceeding" the words
81 in value" By striking out the following
words but such public stocks shall in all ca
ses be. or be made to be equal to a stock pro-
ducing six per cent. per anrum and 1t shall
not be lawful for the Bank Comptroller to take
such stock at rate above its par value nor
above its current market value in the city of
New York at the time of deposit. by such
of and ptIFtTP
in lieu thereof the following land 1t shall be
lawful for the bank comptroller to issue for
public stocks which have been ranging at or
above par during the last six months. and up
to the time of deposit in the New 1ory mar
ket, circulating notes up to the par value OF
said stocks; but the Comptroller shall not is
sue Tor public stocks ranging below par III
said market more circulation than ninety per
cent of the current market value of said stocks
at the time of deposit. nor more than ninety
per cent of the average market value during
the last six months have been at and above as
well as below par, the Comptroller shall not
issue more than ninety per cent. OF the aver
age value during the last six months. nor IN
any event more than ninety per cent. OF its
market value on the lay of deposit, nor mole
than ninety per cent. of the par value of such
stocks - so that the said section shall hence
forth read as follows: Whenever, hereafter
for the purpose Of banking under the provis
ions of this chapter, shall duly assign and
transfer in trust to the Treasurer of this State,
any portion of the public stocks issued or TO
be issued by the United States or any State
stocks, on which full ntert st is annually paid.
such person or association OF persons shall be
entitled to receive from the Bank Comptroller
an amount of such circulating notes of differ
ent denominations, registered and counter
In
of public stocks assigned and transferred as
aforesaid; and it shall be lawful for the Bank
Comptroller to issue for public stocks. which
have been ranging at or above par during the
last six months, and up to the time of deposit
in New York market circulating notes up to
the par value of said stocks. but the Comp.
roller shall not issue for public stocks ranging
below par in said market, more circulation
than ninety per cent. of the current market
value of said stocks a. the time of deposit, nor
more than ninety per cent. Of the average
market value during the last six months and
for such stocks as during the glast six months
have been at and above as well as below par,
the Comptroller shall not issue more than
ninety per cent of the average value during
the last six months, nor in any event more
than ninety per cent. of its market value on
the day of deposit, nor more than ninety per
cent. of the par value of such stocks Pr0v5-
ue0- mat II III the opinion OF the DdnR comp"
troIler, together with the Governor and Secre-
tary of State, any stocks offered shall be deem
ed insecure. they shall not be received as such
securities under the provisions of this act
And provided ftrlh r. that from and after the
first day of December, 1861, the Bank Comp
troller shall not receive security for circula-
ting Bank Notes, any other public stocks
than those issued by the State of Wisconsin
and the Unitnd States"
Section 2. Any public stocks described in
the preceding section, and issued at rate of
interest less than per cent. per annum to be
receivable by the Bank Comptroller. shall be
made to be equal to stocks producing five per
cent per annum.
Section 3. Section 40 of chapter II of the
Revised Statutes, is hereby amended by IN
serting between the words "located" and "to"
in the 18th line of said section, the words cor
to the judge at chambers.
Section 4. Every bank and banking associ-
alton now organized in this State, and all
banks and banking associations that shall be
organized before the first day of December.
1861, except such banks and banking associa-
tons as are or may hereafter be located in the
cities OF Milwaukee and Madison, shall. on or
before said first day of December next appoint
an agent. who shall keep an office in the city
of Milwaukee, or in the city of Madison, for
the redemption of all circulating notes issued