Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1861-08-24
General Election Notice,
FOR WOOD COUNTY.

M OIICE Is hereby given, that at the deneral
~ Election, to be held in the several Towns,
Wards and Election Precincts il the State Of
Wisconsin, on Tuesday succeeding the first
Monday, being the fifth day Of November
next, the following officers are to be elected,
10 wit:
A Governor, in the place Of Alexander W
Randall Lieutenant Governor, in the place
Of Butler G. Noble; a Secretary of State in
the place of Louis 2. Harvey; State Treasur-
er, IN the place of Samuel D. Hastings; an At
torney General, in the place OF James II. Howe;
Bank Comptroller, in the place of Guysbert
Van Steenwyk; State Superintendent, in the
place of Josiah L. Pickard; and State Prison
Commissioner, in the place Of Hans C. Heg
whose several terms of Office will expire on
the 3lst day Of December, 1861.
\ Member Of Assembly, for the Assembly
District comprising the counties of Wood and
Mara thon.
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 qucsti,. 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 l of the General
Laws of the Extra Session Of 1851, as follows:
CHAPTER 242:
As a0,ca3M By Mapter /, Ectra Session.
An ACT to amend the General Banking Law,
and the several acts amendalory thereof.
T2e people Of tie SIo.o Of Wisconsin, yepyesen-
ted IN Senate and 1$se@lly, 10 enact as toI}o~s
SEC. l. Section %, of chapter H. Of the Re
vised Statutes. with the thereunto belonging
amendment, (scc chapter 90, General Laws
1859, is hereby amended as follows: by strik-
ing out the following words, Said stocks to
be valued at a 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
ont the words equal to-" and inserting aft er
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 stock pro
ducn3 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
ct, circulating notes up to the par value of
said stocks; but the Comptroller shall not is
sue for public stocks ranging below par in
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
|
the last six months and for such stocks as
during the lastsix 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.
ofits market value on the day of deposit, nor
more than ninety per cent Of the par value of
such stoclls;' SO that the said section shall
henceforth read as follows: ''Whcncver, 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 y. S. or any state stocks, on
which full interest is annually paid such person
or 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, and
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 in said market, more circulation shan
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 marke ct
value during the last six months and for
such stocks az 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; Progidcd That if in
the opinion Of the Bank Comptroller, together
| with the Governor and tho Secretary Of State,
any stocks offered shall be deemed insecure,
they shall not be received as suck securities
under the provisions of this act. 4 nd progid-
ed FURTHER, that from and after the first day 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 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, 3. Section 20, 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, 'or to
the judge at chambers"
Sec. i. 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 er may hereafter be located in the cities OF
Milwaukee and Madison, shall, on or before
j said first DAY of December next annnint IN