Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-11-08
General Election Notice.
FOR JEFFERSON COUNTY.


Steenwyck.
| State Superintendent in the place of Josiah l..
Pickard
state Prison Uonnissi Orer in the place ofIIans
/ fIeF,
Whose several terms of Office will expire the slst
| day OF December, ISol.
Member of Assembly for the Assembly Districts
| First The towns of Ixonia and watertown and the
ft, second, third, fourth and seventh wards of the
| city of Waterfowl.
Secoald. The towns of Milford Waterloo, Lake Mills,
| Oakland and Az
Tttfd. The towns of Hebron, jefferson, sumner,
Koshkonong and Cold Spring.
Fourth: The towns OF Pennington, Concord, sulli-
! van and Palmyra, in the said county of Jefferson.
| One County Superintendent of Schools.
One Supervisor in each Assembly District in said
county aud one ulervisor for the county at large
At the election the question will be taken upon
posed to the General Banking Law by chapter2i2 of
the General Laws ct 1851, amended by chapter OF
the General Laws of the extra Session of 1891 fs
oHS;
CHAPTER 242.
! As amended Gy Cbaptsr1 Extra Session.
AN ACT to amend he General Banking Law, and the
several acts amendaory thereof.
The pcaplc Of the state of Wisconsin, rp7eseste ii,
| Senate and assembly, do enact as toLoes:
Section !. Section D. of chapter H. of the Revised
Statutes, with the tbereunto belongin amendment.
see chapter % OF the General Laws of 1851 is here
oy amended a. follows by striking the following
words: Said stocks to be valued rate to be
timated and governed by the average rate at which
! sold
within the next six mouths preceding the time when
such stocks may be left deposit with the
Ter" By striking out the words ''eqnal to-, aud in
sorting after the words exceeding - the words
sin value BY striking the following words :;
shut such public stocks shall in all cases be- or be
made to be, uai to stock producing six per cent
per annum and il shall not be lawful for the Bank
Comptroller take such stock at rate above its par
value above its current market value the city
OF New ork, at the time of deposit, by such person
association of persons, - and by inserting in lien
thereof the following land 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 the time of deposit the New York
market circulating notes up TO the par value of said
stocks but the Comptroller shall not issue for public
stocks ranging below par in said market, circu!a
ton than 80 cent. of the value of
said stocks the time deposit nor more than 90
cent of the market value during he last
months and f,r such stocks as during the last sir
months have been at and above as we'll as below nav
the Comptroller shall issue than 80 per cent
of the average value during the last months nor
in event more than 90 per cent market value
on the day of deposit, than ninety per cent
OF the par value of such stocks that the said
ton shall Aenceforth read follows ssWheneyer
hereafter any person or association of persons
for the purpose of banking under the provisions of this
chapter, shall duly assign and transfer trust to the
treasurer of this State portion of the public
issued or to bessueG by the Unit ed or any
stocks, which full interest is annually paid sucb
person association of persons shall be entitled to
from the BANK Comptroller an amount of sncb
circulating notes of different den
and countersigned, and not exceeding in value the
amount of public stocks assigned and transferred as
troller to issue for public stocks which have been
ranging at or above par during the last six mout.s
and up TO the time of deposit in the New ork marked
circulating notes up to the par value of said stocks but
the Comptroller shall ct issue for pu bic stocks
ing below par in said market more circulation than
90 cent of the current market value OF said stocks
at the time of deposit, than 90 per cent of
the average market value during the last six months
and for such stocks during the last six tbs hov
been at and above well below par the ComntroI
Ter shall not issue than 90 per cent of the
age value during the last six months nor in apvevan
0Tler ant off rsT rEa+y
OF deposit than 90 per of the par raIle
of such stocks Pr0rided that if in the opinion of
the Bank Comptroller, together with the Governor
and the Secretary OF state any stocks offered shall
deemed insecure, they shall not be received as uch
securities under the provisions of this And pro-
rtdee urhe that from and ait er the first day of De-
cember, 1861, the Bank Comptroller shall not receive
as security for circulating Bank Notes. any other pub
lie stocks than those issued by the State of
and the United States.
Section .. Any public stocks described in the pre-
ceaing section, and issued rate of interest less
than i've cent per to be receivable the
Bank Comptroller shall be made to be equal to stocks
producing five per cent, per
Section g. Section 40 of chapter Il of the Revised
Statutes is hereby amended by inserting between the
words ''located'' and &c. in the 10th line of said
Section 4. Every bankand banding association now
organized in this State and all banks and banking as
socatons that shall be organized before the first day
OF December, 1861, except such banks and banking
associations may hereafter be located in the
cities of Milwaukee and Madison shall on or before
said first day of December next appoint agent who
shall keep Office in the city of Nj wauke. or in the
city OF Madison, Tor the redemption of all circulating
notes issued by such bank or banking association
which shall be presented to such agent for payment or
redemption
Section 5. The appointment of such agent shall be
made in writing and such written appoin tment shall
be delivered to the Bank Comptroller on or before said
first day of December next who shall file the same in
his office. If any bank banking association shall
neglect refuse to appoint UGH agent within the time
above mentioned, the Bank Comptroller shall appoint
such agent for such bank or banking association
Section 6. The Bank Comptroller shall, Immediate
~ after said first day of December next during such
time as he may deem advisable, publish a of such
agents IN one daily newspaper, pu bshed in the city of
Madison and in one daily newspaper published the
city of Milwaukee, the expense whereof shall be equal
ly divided among the several banks banking assoc
ations published, and be paid by them to the Comp
troler on demand, under penalty of forfeiture
hundred dollars, be collected and applied as pro-
vided in respect the forfeiture named in section 10
chapter II, of the Revised Statutes.
Section I. Every bank or banking association here
after organized, shall before receiving any circulating
from Che Bank Comptroller, appoint an agent for
the purposes of this act and such shall
be Immediately published in the manner aforesaid, at
the expense of such bank banking association to be
collected in the manner above provided.
Section 3. Appointments of agents made in pursu-
ance of this act, may be revoked and new appoint
mentS of agents made from time time by delivering
such revocation and appointment to the Bank Comp
troller, who shall cause the to be published
before provided.
Section o 1t shall be lawful for any number of
banks banking associations authorized by this act,
to appoint agent associate together raising
joint fund. be placed in the hands of their common
agent for the redemption OF their circulating notes
the city CT Milwaukee or MadIson and also the circu
latng notes of other banks in such manner and IN
der such regulations may be agreed upon, and to
employ such agents and clerks they may deem ne
cessary to carry the business of such common
agency but nothing in this section contained shall
authorize the redemption purchase by such agency
of any circulating notes of discount greater
than is herein provided for, relieve such banks
from any duty liability required or imposed by this
act
Section 10. Every such bank or banking assocla-
ton in this State except such banks & banking
Citations or hereafter be located in the
cities of Milwaukee aud Madison, shall redeem and
pay demand. in the lawful money of the United
States, all cir notes issued by banks
banking ociations presented for demption the
office of the agent Of such bank banking ass oea-
tion during the usual hours of the business bank
between the hours Of ten and three O'Clock, at
rate of discount not exceeding three fourths of
per cent. ---. ~
+ Section IL Every bank or banking association
whose agent shall neglect refuse to redeem its
notes demand, aforesaid. shall, proof being
made to thu bank comptroller of such neglect
fus sal by the affidavit OF the person who presented
said notes for redemption payment, and deposi
ting in his Office the notes presented be subject to
the same penalties and be proceeded against in the
same manner as is provided by law for cases
where the circulating notes any bank or banking
association protested for payment, unless the
comptroller shall be satisfied that there is good and
legal defence against the payment ofsuch no les.
Section II. Every bank and banking association
shall redeem its circulating notes provided by
law. but in of neglect refusal to redeem its
presentation at its counter, and of protest
therefor, such bank banking association if To-
Gated within the city of Milwaukee the city Of
Madison. shall not he liable TO the holder Of such
notes for damages Prorided it shall, within fifteen
days aft receiving notice from the comptroller to
nav the same redeem said notes in the lawful money
of the United States with interest at the OF IS
per cent ar annRln fUe.te3, that the officer or
fccrs OF ch bsnk banking association neglect
ing refusing to redeem Its notes demand