Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-09-13
General Election EoLce.
FoR JEEFERsoN COUNTY.

Pickard.
State Prison Commissioner in the place of Hans c
Heg,
whose several terms of Office will expire on the 3lst
day o December, 1S61.
4 Member OF Assembly for the Assembly District.
First. The towns of Ixona and Watertopn and The
city of Watertown
ScoEd The towns of Milford, Waterloo, Lake Mills,
Oakland and AztaIan.
Third. The towns OF Hebron, jefferson, Sumner.
koz hkonong and Cold Spring.
Fourth The town, of Pennington, Concord. suIIi
and Palmyra, in the aid county OF Jefferson.
One County superintendent of Schools
One Superyis or il each Assembly District in said
county, aud ore lsrvisor for the county large.
At the same election the question will he taken upon
the approval jy the people Of the mendment> pro-
posed to he General Banking Law, by chapter 22 of
the General Laws OF sol, As amended by chapter of
the General Laws OF the extra Session Of 1851, fol
lows
CHAPTER 242.
As amended By Ck0pte1 l. Extra Session.
AN ACT to amend the General Banking Law and the
several aets amendag CRY thereof.
The psapte cf hr Stae Of Wisconsin, rerexe e7atea in
Se1late and Ass nbty, do enact as toHotcs
Section /. Section D. of chapter Il of the Revised
Statutes, with the thereunto belonging ameudme ent
Gee chapter 9S OF the General Laws OF 1852 i, here
by amended a follows by striking the following
word Said e1ocks be value at rate to be es
tmated and governed by the average rate at which
said stocks have been sod in the city of New York
within the next six mouths preceding the time when
ler By striking the words .eqnal to- aud in
serting alter the wCrd~ exceeding g' the word
I'm value" BY striking out the following word
but such public stocks shall, in all cases. be, be
made to be. equal to stock producing six per cent
per annum and it shan not be lawful for tie bank
Comptroller TO take such stock at rate above it, par
value, above it current market value the CITY
lew York, at the time OF depoit, by such per on
or ASSOCIATION OF person., and by in erting in lieu
thereof he following land it shan be lawful for the
Bank Comptroller to issue for public ,tocks which
have been ranging at or above par during la six
rnp thS tn Thn aofg 4 .rla
market circulating notes up the par value of said
stocks but the Comptroller shall ue for puhlc
stocks ranging below par in aid et mere crcuia-
ton than 90 per cent OF the current market value OF
said stocks the time Of deposit nor more than 90
cent of the average market value during he last
SIX months ard "r such stocks a. during the last
months have been at and above wen a below mar
the Comptroller shall not Is than 80 per cent
OF the average value during the last six months nor
in event more than 80 per ofis market value
the day of deposit. than ninety per cent
of the par value of uch stocks - 90 thar +ia T %
tion hall hcnceforth read as follow, ..Wheneycr
hereafter. any per ocaton persons frIr d
for the purpose of banking under the provi ions OF m
chapter. shall duly assign and transfer in trust to the
OF this State lou of the pubiic
issued be issued hy Uni ed state oray stare
stocks, which full interest i annually paid such
per on or ASSOCIATION CT per on shall be entitled TO
receive from the Bank Comptroller an amount OF such
circulating note ofdferenJ denominations registered
anu count err igned and not exceeding in value the
amount OF public stocks a gned and tran. farred As
aEOrp ad and it shalt Re lawful Tor the Bank Carn;
tralcr tn issue Tor .ab.ic stocks which bavn Iea,
sG Up g. TIE 1e OF deposit III the New YORK market
rGcusatsuy totv- U- ID the yaUe uId toc,, bu
tie Comptroller ~4Esj rog l. tCT yLbc etocEs rang
Us eei"" tas 10 -s-@ IidrAet, more circulation than
81 per of jue value OF aid stock
e. the time OF deposit, more than 80 per Of
tine average market value during the last six months
ii for such stocks a. during the last siE months have
been and above wei! betuy. ar the Colaptfo
l-r nail not taaH 20 ger of Jla- aver
er ils yafuc Cll-tL.e d.,
O. ie.a it, or mo- e than g. rer cent oT the far al
g -# - -H.4H Fra - =
tts Bank Comptroller, t0se heE with tlc GCvernor
and the Secretary OF stl5e. any stocs offered shall e
deemed insecure, they shall net be received such
-rcufltie- Eider tue iT"F9 ION, o. TIM ace tad pso
rid farlb that and after the day of De
ccG15er. lsG2, the Bank Comptroller shall receive
security for circulating Bank Notes. any other pub
Sc stosa than those issued ry tar state 0i nj cousiu
and tbg United states.
Syo-iou , Amy public described IN the pre-
cevsuk ect50u, ana ued OF interest iess
suan ave per cen, per To be receivable ~ the
Bank Com atryi'eF- hat. ve .le lie equal 10 stocks
pro1GeIlg i've per cent per a,auui
Section 5 >eet.ou 4J Of cha II Of the Revised
S-sTute--i> i hereby amended 5y IN erng between the
words ocated' and to- n the 18Th iiae of >aid
section, he wosd s.or to the judge a chamber -
Section !. livery Hsnk aud banking as -oeiati6n
oTgauiz d N til State and al bank aud banSing
Socauou- that shall be organized before the NJ day
of December I~fI, cept such hanks AID banking
ocarious msy hereafter he located in the
ctie- OF Milwaukee and Aadi on, shall, before
said first day OF December next, apo an agent who
Shall kcel Office in the city OF Nj ukee. tie
city of Madi-on, the redemption of all circulating
notes Issued by sucu bank hankiEg ocatcn.
which shall he presented such agent pay
redemption
Section TIN appointment of such agent shall be
made in writing, ard uch written appoin shall
lie delivered TO the Bank Comptroller on or efrre
fir day of Decem who ~haII file the anne IN
HI Office. Ii any bank banking association hal
neglect refuse appoint agent hin the time
above mentioned, the Bank mptroer shall appoint
such agent for such bank or bansing sociation
Section 6. The Bank Comptroller shall, imme ediat
ly after SAID first day of December next during such
time a he may deem ady able, publish a list of such
agents in one daily newspaper publi he'd in the city of
Madison ana IN one dalI5 new paper published III the
city OF Milwaukee, the expense whereof shall be equal
" divided among the several banks or banking oc
atops published and be paid by them to the Comp
hundred dollar, he collect ed and applied a pro-
vided in r. seo to the orfefture named in ection 10
chapter H. of the Revised statute.
Section Z. Every bank or banking association here
after organized. shall before receiving any circulating
netes from :he Bank Comptro Ter, appoint agent
the pUrro eS OF this act and such appointment shall
be Immediately ubli>hed in the afore aid at
the expen of >uch bank banking ocaton TO be
collected in the manner above provided.
Section 8. Appointments Of agents made in pursu-
of this act. may be revoked and appoint
ments OF agents made from time TO time by delivering
such revocation and appointment to the Bank Conf
troler who shall cause the same TO be published
before provided.
Section 1t shall be lawful for any number of
banks or banking Associations, authorized by this
appoint agent to associate roget her for raising
joint fund to be placed in the hand of their
agent the redemption of their circulating note in
the city OF Milwaukee Madison, and also the circu-
lating notes of other banks in such manner, and
der such regulations a may be agreed upon and to
employ such agents and clerks a. they may deem ne
ceszary to carry the business of such common
agency but not hing in this section contained Shall
aUthsrize the redemption pureha by such agency
of any circulating a of scount greater
than i herein provided fer relieve such banks
from any duty liability required imposed by this
act.
Section 10. Every such bank or banking a<socla-
tion in this State except such banks & banking aSSo-
Citations may hereafter be locate in the
cities OF Milwaukee aud Madison, shall redeem and
| pay on demand in the lawful money of the United
States, all circulating notes issued by such banks
banking associations pre- ented for redemption at the
Office of the agent of such baEk banking
on, during the usual hours OF the business OF bank
erS, between the hours of and three O'Clock at
rate OF discount not exceeding three fourth> Of one
/ per cent.
Section II. Every bank or banking association
whose agent shall neglect or refuse to redeem it,
notes on demand. aforesaid, shall on proof being
made to ts bank comptroller of such neglect or re-
I fuSaI by the adidaylt Of the efl
said notes for redemptio payment and on deno-i
ting in his Office she Prcsn nted be subject TO
i the penalties and be proceeded against in the
/ same manner as Is now provided by law tor
where the circulating notes any bank or banking
association protested for payment. unless the
comptroller shall be satisfied that there good and
legal defence against the payment of such ses.
Section L. Every bank and banking a sociatiou
shall redeem its circulating note provided by
law. but ia OF neglect refusal TO redeem it,
notes on presentation its counter. and OF protest
therefor such bank banking ociation if not To-
Gated within the city Of Milwaukee the city OF
Madison. shall rot be Iisbc TO the holder Of such
note for damages; PsoJided Il shall, within fifteen
day after receiving noflee from 5Ee coiHP roller TO
pay the redeem said in the lawful mon
of the UateA stare. with interest az the of Is
per cent rer seaua Psorid 4. that the officer of
ficers OF "a ch taE hsnsing ASSOCIATION q neglect
iu r5faslD- % redeem it~ notes on demand may
endorse upon The bills package Of bills present.
ed an gpeBt of such presentatien and
fual and waving protest upon the same and Such
=EaTrf f. feafaI avid HE-