Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1861-09-28
General Election Notice.
FOR WOOD COUNTY.

| Wisconsin, on Tuesday succeeding the first
Monday, being the fifth day of November
next, the following officers are to be elected
to wit:
A Governor, in the place of Alexander "
Randall; Lieutenant Governor in the place
of Butler G. Noble: a Secretary of State, in
the place Of Louis P. Harvey; State Treasur-
er, in the place of Samuel D. Hastings: an At
| torney General, in the place of James IT. Howe:
Bank Comptroller, in the place of Guysbert
Van Steenwyk; State Superintendent, in the
place of Josiah L. Pickard and a State Prison
Commissioner in the place of Hans c. Heg
whose several terms of office will expire on
the 3lst day of December, 1861.
A Member of Assembly, for the Assembly
! District comprising the counties of Wood and
Marathon.
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 seve-
raj Supervisor Districts, and such other Coun-
ty 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 PAP of the General Laws of
! 1861, as amended by Chapter l of the General
Laws of the Extra Session of 1861, as follows:
CHAPTER 242:
As amended By Chapter l, E,ctra Session.
AN ACT to amend the General Banking Law,
and the several acts amendatory thereof
The people Of the State of Wisconsin, ,eprese,,-
ted IN Senate and assembly, do enact as foi2ous
| SEC. l. Section %, of chapter II, of the Re-
vlsed Statutes, with the thereunto belonging
amendment, (see chapter 90, General Laws,
| 1889, Is hereby amended as follows: by strik-
ing out the following words, "Said stocks to
be valued at rate to be estimated and GOV
erncd by the average rate at which said
stocks have been sold in the city Of New
York, within the next six months preceding
the time when such stocks may be left on de-
! post with the Comptroller" By STRIKING
out the words equal to-" and inserting after
the words mot exceeding" the words Gin
value" BY striking out the following words
but such public stocks shall, in all cases, be-
or be made to be, equal to a stock pro-
! ducIng SIX per cent. per annum and it 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 time of deposit, by such person
or association Of persons" and by inserting in
lieu thereof, the following "and it shall be
lawful for the Bank Comptroller to issue for
public stock, which have been ranging at or
| above par during the last six months and up
| to the time OF deposit in the New York mark
et circulating notes up to the par value of
said stocks; but the Comptroller shall not is
sue for public stocks ranging below par in
sad 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 and for such stocks as
| IY,,I, +l,,o1 -, IL,
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 :" so that the said section shall
henceforth read as follows ''Whcnever, here
after, any person or association of persons,
formed for the purpose Of banking under the
provisions of this chapter, shall duly assign
and transfer in trust to the treasurer of this
State any portion Of public stocks issued or to
be issued by the U. S. or any state stocks, on
which full interest is annually paid, such person
association Of persons shall be entitled to re-
ceive from the Bank Comptroller an amount
of such circulating notes of different denomi-
nations, registered and counterSigned, aud
not exceeding in value the amount of public
stocks assigned and transferred as aforesaid
and it shall be lawful for the Bank Comptrol-
Ter 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 York Market circulating notes up to the
par value of said stocks but the Comptroller
shall not issue for public stocks ranging below
par i'll 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 and for
such stocks as 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 average value during the last
six months, nor in any event moro 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: Pr0Uidcd, That if in
the opinion of the Bank Comptroller, together
with the Governor and the Secretary of State,
any stocks offered shall be deemed insecure,
they shall not be received as such securities
under the provisions of this act. Ind provid-
ed ftGrtber that from and after the first dav of
December 1861, the Bank Comptroller shall
not receive as security for circulating Bank
Notes, any other public stocks than those is
sued by the State Of Wisconsin and the United
States"
Sec. ,. Any public stocks described in the
preceding section, and issued at a rate of inter
est less than five 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.
Sec. 8. Section 40, of chapter II, of the
Revised Statutes, is hereby amended By insert
ing between the words located" and ''to" in
the 10th linz of said section, the words, cor to
the judge at chambers'
Sec 4. Every bank and banking associa-
ton now organized in this state, and all banks
and banking associations that shall be organ
lied before the first day of December, 1861,
except such banks and banking associations 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 Office in the city of
Milwaukee, or in the city of Madison, for the
redemption Of all circulating notes issued bv
! srch hank hankinm association Zzhich Sl,a u