Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-10-09
General Election Notice.
For Pierce County.

e,al Election. To be held in the several owns,
Wards and Election Precincts IN the 9td,e oi
Wisconsin, on Tuesday succeeding lle ifSs
Monday, being the fifth day OF NoNel. 4oI
next, the following officers are 10 DC eieo'ou'
to-wit: .,1or w
\ Governor, in the place OF Alexander W.
Randall. a Lieutenant Governor, IN the place
of Butler G. bile: a Secretary OF State' III
the I,Iace of Louis p. Harvey; State IfeaS-
urer, in the place of Samuel d. Hastings an
Attorney General in the ace OF James IL:
Howe; a Bank Comptroller, IN the place oi
Guvsbert Van Steenwyk; State oupeLIlhI
tcndrnt in the lace Of josiah L.: Ilchaiu
and a State Prison Commissioner III 'ile Pa ~
of Hans G. Heg; whose several terms OF Once
will expire on the 31st day of Decemoer, l0ol'
A State Senator. for the twenty -eIgnin oeh-
ate District, comprising the counties Oh leiIe'
St. Croix, Polk Dallas, Burnett, Douglas La
Poiutc and Ashland, whose term OF Once VIII
expire on the first Monday OF january loof;
A Member of Assembly, for the Assembly
District comprising the Counties OF Pierce ana
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 superYl-
sor Districts, and such other County OflceIs
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, bv Chapter 242 OF the General Laws OF
1861, as amended by Chapter 1 of the General
Laws of the Extra Session of 1861, as follows :
CHAPTER 2l2.
As In1cndcd By Chapter l, Ettra Session.
AN ACT to amend the General Banking Law.
and the several acts amendatory thereof.
The pcoplc of tie State of Wisconsin, repre-
sc1,ted IN Senate and assembly, do enact as fol-
l0rS:
Section |. Section %, of Chapter II, of the
Revised Statutes, with the thereunto belong
inc amendment. (see chapter 90 of the GEN
eral Laws of 1889 is hereby amended as fol-
lows: by striking out the following words ::
:" Said stocks to be valued at a 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 Fix monthslprGee-
ding the time when such stocks may be lett
on deposit with the Comptroller" BY stri-
king out the words "equal 10" and inserting
after the words mot exceeding the words
- i'm value" BY striking out the following
words but such public stocks shall in all ca
ses be- or be made to be equal to stock pro-
ducing six per cent. per anEum ana 1t snail
not be lawful for the Bank Comptroller to take
such stock at rate above its par value, nor
above its current market value III 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 i'll
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 reqd as follows: Whenever, hereafter
auv person or association of persons, formed
for the purpose of banking undei the proyis-
ions of this chapter, shall duly assign and
transf-r in trust to the Treasurer OF uiio State,
any portion of the public stocks issued or to
be issued by the United States or any State
stocks, on which full ntcrt 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 not 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 y orll market circulating II, les up to
the par value of said stocks but the Comp.
roller shall not issue for public stocks ranging
below par i'll said market, more circulation
than ninety Per cent. of the current market
value of said stocks az 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 dav Of deposit. nor more than ninety per
cent. of the par value of such stocks Prori-
dad that if in the opinion Of the Bank Comp
troller, together with the Governor and Sccre-
tary of State, any stocks offered shall be deem
cd insecure, they shall not be received as such
securities undcr inc provisions OF Tins act
And provided firth p, 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 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.
Section 3 Section 40 of chapter II of the
Revised Statutes, is hereby amended by IN
scrting between the words "located" and "to"
in the 18th line of said section, the words or
to the Judge at chambers"
Section f. Every bank and banking assoc-
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-
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 5; The appointment of such agent
4 I.-1V