Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-10-25
General Election Notice.
For JEFFERSON COUNTY


November next: the following ocers be elected,
to-wir:
A Governor in the place OF Alexander II. Randall.
4 Lieutenant Gov IN the place of Butler G.. Noble.
Secretary Of State in the place ofLous F. Harvey.
State treasurer in the place ofSamul D. Hastings.
An Attorney General in tn place OF James Il Howe
A Bank Comptroller in the place Of Guysbert Van
Steenwyck
State Superintendent in the place Of Josiah L,
pckard.
a state Prison Commissioner in the place ofIans c
uee.
Whose several terms Of Office viii expire on the s.ss
day OF December, 1861.
4 Member OF Assembly for the Assembly Districts
comprising
First. The towns Of Ixonia and Watertown and the
first second third, fourth and seventh wards OF the
city of Watertown.
Second. The towns Of Milford Waterloo Lake Mills,
Oakland ana AztalGa.
Third. The towns Of Hebron, Jefferson, Sumner.
Koshkonong and Cold Spring.
Fourth The towns of Pennington Concord. SuIli-
and Palmyra, in the said county OF Jefferson.
One County Superintendent Of Schools.
One Supervisor in each Assembly District in said
county, and one supervisor for the county at large
At the election the question VIII tax upon
the approval by the people Of the amendments pro
posed TO he General Banking Law, by chapter+2 OF
the General Laws OF 1861 amended by chapter OF
the General Laws OF the Session of 1861 fol
lows
CHAPTER 242.
As amended by CheptcT I. Eztra S.s:ion.
AN ACT to amend the General Banking Law, and the
several acts amendatory thereof.
The peapIs Of The State Of Wisconsin. regresstd II.
Senate and assembly, do enact as toHorS:
Section l. Section D. of chapter IL of the Revised
Statutes, with the tbereuutO belonging amendment
Gee chapter IS Of the general Laws Of 1855, is here
by amended as follows BY striking out the following
words " SAID stocks TO be valued at rate to be
timated and governed by the average rate at which
said stocks have been sold in the city of York
"i'n4h the next SIX mouths preceding the time when
such stocks may be left deposit with the Comptrol-
Ter BY striking out the words .seqnal to- and in
sorting after he words mot exceeding" the words
I r1rriz.
'but such public stocks shall ia all cases be or hn
made to be. ca uaI to a stock I,rod.c- 81, rsr 60
per annum and 1t shall not be lawful for tie bank
Comptroller to take such stock at rate above its mar
value, above its current market value IN the citv
OF New ork, at the time ofdepost, By such person
or ASSOCIATION OF persons, aud by inserting in lieu
thereof the following: and shall be lawful for the
Bank Comptroller to issue for public stocks which
nave oec ranging at or above par during the last six
months, and up TO the time of deposit the New York
market. circulating notes up the par value Of soid
stocks but the Comptroller shall not issue for
stocks ranging below par in said mark Ct more circuIa
ton than 80 per cent of the market value of
said stocks at the time OF deposit, more than %
per cent Of the average market value during he last
six months and fr such stocks during the last six
months have been at and above as we'll as below nar
the Comptroller shall not issue than 90 per cent
OF the average falue during the last six months nor
in any than 90 per gifts market vaIua
on the day Of deposit nor more than ninety per cent
OF the par value of such stocks - that the said
ton shall henceforth read follows Whenever
hereafter, any person association of persons form
for the purpose of banking under the provisions of Al;
chapter shall duly assign and transfer trust to tho
treasurer OF this State any portion of the
issued to he issued by the United States oranr
stocks which full ntersEt IS annually paid ,nch
person or association of persons shall be entitled to
receive from the Bank Comptroller an amount Of
circulating notes ofderent denominations registered
ana counterSlgned ana not exceeding in value the
amount OF public stocks assigned and transferred As
aforesaid and il shall be lawful for the Rank Conn
troller TO issue for public stocks, which have beon
ranging at or above par during the last six mont..
and up to the time Of deposit IN the New York narI.
Circulating notes up to the par said stocks but
the Comptroller shall not issue for public stocks ranr
ing below par in said market more circulation than
90 per cent. of the current market value OF to.ls
at the time of deposit, than 90 per cent ~
the average market value curing the last six the
and Tor such stocks as during the last six months have
been at and above well below par, the CoIptroI
Ter shall not issue than 90 per cent of the
age value during the last months nor in apv
more than 90 per cent of its market value on the 5sr
OF deposit MOI than 90 per of the par vale
OF such stocks Procidsd, that if in the opinion of
the Bank Comptroller, together with the Governor
and tie Secretary of State any stocks offered shall he
deemed insecure they shall not be received such
securities Under the provisions Of this act. And pro-
ridsd further that from and after the first dav of De.
eember 1851 the Bank Comptroller shall not receive
security for circulating Bank Notes any other pub-
lie stocks than those issued by the State of Wisconsin
and the United States
Section ?. Any public stocks described in the rra
ceiling section, and issued of interest less
than I've per cent per annum to be receivable by the
Bank Comptroller hall be made be equal o stocks
producing five per cent. per annum.
Section g. Section 10 Of chapter Il of the Revised
Statutes Is hereby amended by inserting between the
words '1lOcated and sstO, in the 18th Of
section the words ''or to the judge a. Chambers
ors gi9 h t bbye 9a 5 an6 h1nkng %
soclation that snail be organized before the first day
of December, 1861, except such banks and banking
associations may hereafter be located in the
cities OF Milwaukee and Madison shall, or before
said first day of December next appoint an agent who
shall keep 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 20 such agent for payment or
redemption.
Sac+ion The anr-,-, t,rart al, a. ri, j., .
made in writing, and such written appointment shall
he delivered the Bank Comptroller on or before said
first day of Decent next, who shall file the same in
his Office. Ii any bank or banking association shall
neglect refuse appoint such agent within the time
above mentioned, the Bank Comptroller shall appoint
such agent Tor such bank or banking association
Section G. The Bank Comptroller shall, immediate
" after SAID first day Of December next dury sIlcb
time he may deem advisable, publish list Of such
agents in one daily newspaper published in the city
Madison, and in daily newspaper published in tho
city Of Milwaukee, the expense WHEREOF shall be equal
atons published, and be paid by them to tic onp-
trOller demand, under penalty of forfeiture OF on
hundred dollars, to be collected and applied pro-
yded IN respect to the forfeiture named in section 49,
chapter Il, of the Revised Statutes.
Section T. Every bank or banking association here
after organized, shall before receiving any circulating
from she Bank Comptroller, appoint an agent for
the purposes Of this act and such appointment shall
be Immediately published in the manner Aforesaid at
the expense OF such bank banking association be
collected in the manner above provided.
Section s. Appointments OF agents made in pursu-
ance OF THIS act, may be revoked and aDnDint-
ments of agents made from time TO time by delivering
such revocation and appointment to the Bank Comp
troler, who shall cause the same 60 be published
before provided.
Section O. 1t shall be lawful for any number of
banks banking associations, authorized by this act
to appoint agent to associate together raising
joint fund be placed in the hands of their comm on
agent for the redemption of their circulating notes in
the city CT Milwaukee or Madison and also the circ-
lating of other banks in such manner and uu-
der such regulations may be agreed upon, and to
employ such agents and clerks as they may deem
cesSary to carry the business of such
agency but nothing in this section contained shall
authorize the redemption purchase by such agency
of any circulating notes at rate Of discount greater
than is herein provided for relieve such banks
from any duty liability required imposed by this
act
Section 10. Every such bank or banking aesocla-
ton in this State except such banks & banking asso-
Citations may hereafter be located in the
cities OF Milwaukee and Madison, shall redeem and
pay on demand, in the lawful money of the United
States, all circulating issued by such banks
banking associations presented for Gemption at the
Office of the agent Of such bank or banking assoc.
tion during the usual hours Of the business of bank
er, between the hours Of ten and three o'clock
rate OF discount not exceeding three fourths Of
/ per cent.
Section IL. Every bank or banking association
whose agent shall neglect refuse to redeem its
notes demand, aforesaid, shall, proef being
fusal by the affidavit OF the person who presented
said notes for redemption payment, and on deposi
ting in his Office the notes presented be subject
the penalties and be proceeded against in the
/ same manner as is now provided by law for cases
where the circulating notes any bank or banking
citation prot ted for payment une the
comptroller shall be satisfied that there good and
4 legal defence against the payment ofsuch 5es.
Section H. Every bank and banking association
shall redeem its circulating notes provided by
law, but in OF neglect or refusal to redeem its
notes presentation at its counter, and of protest
therefor such bank or banking asscc iation if not To-
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