Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-10-02
General Election Notice.
For Pierce County.

Ecr.cr rs HERrTv GtvEs. that at The Zen
e,nl Election. 10 be held in the seVefai 1oMhs,
Wards and Election Precincts M lhe > tals =.
Wisconsin, on Tuesday succeeding uie l,iss
Monday, being the fifth day OF Nos ,a.od
next, the following officers are 10 NC e'e>'e0'
| to-wit w
a Governor, in the place of Alexander W.
Randall Lieutenant Governor, IN the place
of Butler G. N oble; A Secretary OF otate' III
the place of Louis p. Harvey State 1lea'-
urer. in the place Of Samuel d. hastings an
Attorney General in the place OF James IL:
Howe; Bank Comptroller, IN me Place VI
Guysbert Van Stccnwyk; state SuPefi1i-
tendent. in the 7 lace of Josiah Il. PIcKard
and a State Prison Commissioner, in the place
of Hans c. Heg; whose several terms OF o OH,
will expire on Che ::,Ist day Of December, 1901.
A State Senator. for the twenty -elghth SEN
ate District, comprising the counties OF iefGe,
! St Croix, Polk. Dallas, Burnett, DongIa,' Ia la
| Po;nte and Ashland, whose term of office VIII
expire on the first Monday OF January, loo4;
! A Member of Assembly, fr the Assembly
District comprising the Counties OF fleFce anu
ST. Croix.
One or two County Superi'itendents OF
| Schools, in the several Superintendent DIS
trics. as determined by the County Board OF
Supervisors.
! County supervisors. in the several superVi-
sor Districts, and such other County Ofhcers
as are bv law REQUIRED to be elected at such
election.
| AT the same election the question VIII be
! taken upon the approval by the people, OF the
| amendments proposed to the General Banking
Law, by Chapter 242 OF the Genelal Laws OF
! 1861, as amended by Chapter of the General
! Laws of the Extra Session of 1861, as follows:
CHAPTER 242.
as -Amcnled By Chapter /, Extra Session.
| AN ACT to amend the General Banking Law,
and the several acts amendatory thereof.
The people Of the State Of Wisconsin, repre-
sented in Senate and assembly, do enact as fol-
! lowS:
Section l. Section %, of Chapter II, of the
Revised Statutes, with the thereunto belong
! ing amendment, (see chapter % Of the Gen
| eral Laws of 1859 is hereby amended as fol-
| lows: by striking out the following words ::
Said stocks to be valued at 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 sui-
! king ont the words equal to- and inserting
| after the words "not exceeding" the words
in value" BY striking out the following
words but such public stocks shall I'm all ca
SEES, be- or be made to be equal to stock pro-
| ducing six per cent. per anrum ana IL snail
not be lawful for the Bank Comptroller to take
such stock at a rate above its par value, nor
above its current market value in the city of
! New York at the time of deposit, by such
person or association of persons and inserting
! in lieu 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 up
to the time of deposit in the New orS 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 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
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 i'll
any event more than ninety per cent. of its
market value on the ,ay of deposit, nor MOI c
than ninety per cent. of the par value Of such
stocks :" so that the said section shall hence
forth read as follows: Whenever, hereafter
auy person or association Of persons. formed
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
| ho issued by the United States or any State
| stocks. on which full interest 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
| cnt denominations, registered and counter
signed, and net exceeding in value the amount
of public stocks assigned and transferred as
| aforesaid; and il shall be lawful for the Bank
Comptroller to issue for public stocks. which
l., Il tIa
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 at the time of deposit, nor
more than ninety pei 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 more
| than ninety per cent. of it's market value on
the day of deposit, nor moro than ninety per
cent of the par value of such stocks: Provi-
ded. that if in the opinion Of the Bank Comp
troller together with the Governor and Seere-
| tary of State, any stocks offered shall be Deem
ed insecure, they shall not be received as such
ind propided tiulh'r, that from and after the
first day of December, 1861, the Bank Comp
troller shall not receive as security for crcula-
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
scrting between the words located" and "to"
in the 10Th line of said section, the words or
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 assoca-
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