Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-11-13
General Election Notice,
For Pierce County.

FOE kSGcEcC SOsAHSy
NoTrcg Is HEREBY GIVEN. that at the zen
e,al Election. to be held in the several towns,
Wards and Election Precincts in the state OF
Wisconsin,. on Tuesday succeeding the ffSt
Monday. being the fifth day OF November
next. the following officers are to be electeo'
to-wit ,o. w
RandalI lieutenant Governor, i'll the place
Of Butler G. Noble: 4 Secretary OF State, III
the ,,lace Of Louis P. Harvey a State Treas
urcr. in the place Of Samuel d. Hastings; an
Attorney General in the pace OF james IL;
Howe a Bank Comptroller, in the place OF
Guvsbert Van Steenwyk; State SupefIn-
tendeut. in the lace Of Josiah l.. PlcNard
and State Prison Commissioner, III the place
of Hans @, Heg: whose several terms OF once
will expire on the 3lst day OF December, looi.
A State Senator, for the twenty -el9htn sen
ate District comprising the Counties OF Plefce'
ST Croix. Polk, Dallas. Burnett, Douglas, La
Pointe and Ashland. whose term OF Office VIII
expire ON the first Monday OF January, 1904:
A Member of Assembly, for the Assembly,
District comprising the Counties OF Pierce ana
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 superyl-
sor Districts and such other County OfhceIs
as are by law required to be elected at sHch
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 PIP 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 l, Extra Session.
AN ACT to amend the General Banking Law,
and the several acts amendator7 thereof
The people f the State Of Wisconsin, fcpfG-
scnted IN Senate and assembly, do enact as fol-
iouS:
Section /. Section %, of Chapter II, OF the
Revised Statutes. with the therennto belong
ing amendment (sce chapter % OF the zen
eral Laws of 1853 is hereby amended as foi-
lows: bv striking out the following words :
I" 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 Fix months prece-
ding the time when such stocks may be lett
on deposit with the Comptroller" BY stri-
king out the words equal 10" and inserting
after the words mot exceeding, the words
in value" BY striking out the following
words but such public stocks shall i'll all ca
ses. be, or be made to be equal t" stock pro-
ducing six per cent. per anrum /; 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 the time Of deposit. by such
person or association of persons, and inserting
in lieu thereof the following and it shall be
lawful for the bank comptroller to issue Tor
public stocfs which have been ranging at or
above par during the last SIX moaths. and up
to the time of deposit in the n ew \ or 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 rs 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 cav of deposit, nor MOI e
than ninety per cent. of the par value of such
st0rks :" so that the said section shall hence
forth read as follows Whenever, hereafter
auv person or association of persons, formed
| for the purpose of banking undei 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 inter st is annually paid.
! such person or association of persons shall be
! entitled to receive from the Bank Comptroller
! an amount of such circu lating notes OF differ
| eut denominations, registered and counter
! signed, and not exceeding in value the amount
of Dublc 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 month";. and up to the time of deposit
! in New York market circulating n( les mp 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 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 its market value OH
/ the dav of deposit, nor more than ninety per
cent. of the par value of such stocks PrOc&-
| died. that if in the opinion of the Bank Comp
| troller together with tie Governor and Sccre-
! tarv of Stat3, any stocks offered shall be Deem
ed insecure. they shall not he received as such
securities under the provisions of this act
ind proriclod titrh =, that from and after the
first dav 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 ut a rate oi
I interest less than per cent. per annum 10 be
receivable by the Bank Comptroller, shall be
made to be equal to stocks producing five pei
cent. per annum.
Section g. 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 " OF
to the judge at chambers"
Section A. 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
| by such bank or banking association, which
shall be presented to such agent for payment
! or redemption.