Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-09-11
General Election Notice,
For Pierce County.


Monday, being the fifth day of Novembe
next, the following officers are to be elected
to-wit tA}t TIN ftEtf# fTf
i A Governor, in the place of Alexander w
Randall, Lieutenant Governor, in the place
of Butler g. Noble; A Secretary OF State, il
the place Of Louis p. Harvey; a State Treas.
urer, in the place of Samuel ID. Hastings ar
I Attorney General. in the place of James III
Howe /; Bank Comptroller, in the place Of
4 Guysbert Van Steenwyk State Superin-
tendent, in the Tlace of Josiah J.. Pickard
and State Prison Commissioner, in the place
of Hans G. Heg: whose several terms of office
will expire on the 3lst day of December 1861.
| A State Senator, for the twenty eighth SEN
] ate District, comprising the Counties of Pierce,
| st. Croix, Polk, Dallas, Burnett, Douglas La
| Pointe and Ashland, whose term of office will
expire on the first Monday of January, 1864.
| A Member of Assembly, for the Assembly
District comprising the Counties of Pierce and
| st. Croix.
One or two County Superintendent of
| Schools, in the several Superintendent Dis
tricts. as determined by the County Board of
supervisors. .....5,- ..-...f-..
County supervisors in the several supervi-
sor Districts, and such other County 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 242 OF the General Laws Of
1861, as amended by Chapter l Of the General
Laws of the Extra Session. of l86l, as follows
CHAPTER 242
as Amended by Chapter l, Extra Session..
AN ACT to amend the General Banking Law,
and the several acts amendatory thereof.
The people of the State of Wisconsin, repre-
serted "a. Senate and assembly do enact as fol-
Tors:
Section l. Section 90, of Chapter II, of the
Revised Statutes, with the thereunto belong
ing amendment, (sce chapter 50 of the Gen
eral Laws of 1852 is hereby amended as fol-
lows: by striking out the following words ::
" Said stocks to be valued at rate TO be est-
mated aud 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 stri-
king out the words "equal to- and inserting
after the words "n0t exceeding" the words
{" III value" By striking out the following
words: but such public stocks shall III all ca
ses, be, or be made to be equal to 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 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 Yors 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. cf 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 III
any event more than ninety per cent. of its
market value on the lay of deposit, nor MOI
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 associate ion OF persons, formed
for the purpose of banking under the IuoyfS-
ions of this chapter, shall duly assign and
transfer in trust to the Treasurer of this State.
any portion of the public stocks issced or to
be issued by the United States o. any State
stocks on which full inter, st is annually paid
such person or association of prisons shall be
entitled to receive from the Bank Comptroller
an amount of such circulating notes of differ
ent denominations, registered and counter
signed and net exceeding in value the amount
of public 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 months, and up to the time OF deposit
| in New York market circulating notes up TO
Al. oOfc 81 bI1t no n
| 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 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 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 PrOvs-
ded. that if in the opinion of the Bank Comp
| troller, together with the Governor and Secre-
tary of State, any stocks offered shall be deem
| ed insecure, they shall not be received as such
securities under the provisions of this act
And provided turlh'r that from and after the
| first day of December, 1861, the Bank Comp
troler 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 a rate OF
| interest less than 5 per cent. per annum to be
| receivable by the Bank Comptroller, shall be
made to be equal to stocks producing Eve per
cent. per annum.
Section 8. 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 cor
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-
tious 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
bv 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 ap-
pointment shall be delivered to the Bank
Comptroller on or before said first day of De-
cember next who shall file the same in his of
fee. If any bank or banking association
| shall neglect or refuse to appoint such agent