Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-09-04
NEW ADVERTISEMENTS.
General Election Notice,
For Pierce County.

Monday, being the fifth day of November
next, the following officers are to be elected,
| to-wit 9 LIE rs 5#t.l
A Governor, in the place of Alexander w.
Randall, a Lieutenant Governor, in the place
of Butler G. N oble; A Secretary OF State, in
the place of Louis P. Harvey State Treas
urer, in the place of Samuel ID. Hastings an
Attorney General. in the place of James H.
| Howe; Bank Comptroller, in the place of
Guysbert Van Steenwyk State Superin-
tendent, in the place Of Josiah L. 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 Sem
| ate District, comprising the Counties of Pierce,
st. Croix, Polk, Dallas, Burnett, Douglas, La
Poiate 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 Superintendents of
Schools. in the several Superintendent Dis
tricts, as determined by the County Board of
supervisors. - p - z . .- ..s.e
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 of the General
Laws Of the Extra Session of 1861, as follows:
CHAPTER 242.
| as amended 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-
se,,ted' IN Senate and assembly, do enact as fol-
iooos: ., ,,-
Section l. Section %, of Chapter II, of the
Revised Statutes, with the thereunto belong
ing amendment, (see chapter 80 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 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 stri-
king out 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
| ses, be, or be made to be equal to stock pro-
| ducing six per cent. per annum and 1t 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 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 mar
ket, 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
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 in
any event more than ninety per cent. OF its
market value on the cay of deposit, nor mole
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
be issued by the United States or any State
stocks on which full interest is annually paid,
such person association of persons 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
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 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 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 Stats, any stocks offered shall be deem
ed insecure. they shall not be received as such
securities under the provisions of this act
.And provided ttsrlhsr, that from and after the
first day of December, 1861, the Bank Comp
troller shall not receive as 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 at rate of
interest less than S 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 8. Section 40 of chapter II of the
Revised Statutes, is hereby amended by in
serting between the words "located" and "to"
in the 10Th line of said section, the words cor
to the iudoe aft chambers"
Section A. Every bank and banking ascot
alton now organized i'm 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-
tions 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.
Section S. The appointment of such agent
shall be made in writing, and such written APP
pointnent 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