Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-08-28
NEW ADVERTISEMENTS.
General Election Notice,
For Pierce County.


Monday, being the fifth day of November
next, the following officers are TO De elected,
| to-wit:
A Governor, in the place of Alexander W.
Randall. Lieutenant Governor, in the place
| of Butler G. N oble; A Secretary of State, in
| the place IF Louis P. Harvey State Treas
| urer, in the place of Samuel D. Hastings; an
| Attorney General in the Place of james II.
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 @. Heg; whose several terms OF office
will expire on the 3Ist 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
| 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 Superintendents OF
| Schools, in the several Superintendent Dis
tricts. as determined by the County Board OF
supervisors.
| 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
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-
sented.. in Senate and Assembly, do enact as fol-
| !oms:
Section l. Section g. of Chapter II, of the
| Revised Statutes, with the thereuntO belong
ing amendment, (see chapter SO of the Cen
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
6" in value" By striking out the following
words but such public stocks shall In all ca
ducing six per cent. per anEum /; 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 York 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 in
| any event more than ninety per cent. of its
market value on the Cay of deposit, nor moe
than ninety per cent. Of the par value IF 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 intere st 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
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
- rlyof on ,1nf.o
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 Prors-
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
Ind provided furlh'r, 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
IMAM bnO00 lbSueu Oy tu0 SlAte Vi W lSCOTSlN
and the Unitnd States"
Section 9. ANY public stocks described in
the preceding section, and issued ct 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 FIVE per
cent per annum. aa..5 j..
Section 8. Section 40 81 chapter II Of the
Revised Statutes. is hereby amended by m
eerting between the words "located" and "to"
in the 18th line of said section, the words cor
to the Judge at chambers"
Section 4. Every bank and banking associ-
alton now organized in this State. aud all
banks and banking associations that shall be
organised before the drat day OF December.
1861, except such banks and banking associa.
tons ~ ara or may hereafter be located In the
cities Of Milwaukee and Madison. shall, on or
before said ArHt day Of December naxt 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 hank or banking aaanciation, which
shall be presented 10 such agent for payment
Section S, The appointment es such agent
shall be made In writing. and zach written sp.
poiutment shall b delivered To the Bank
cemptralleF on or hefbFe said GFst day of pe=
eember next, who shall Ale the same in his of
iiee. II any bank OF tankiRs association