Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1861-11-06
General Election Notice.
For pierce Comfy.

For Pierce Comfy.
NoT1cR Is HEREBY GIVEN. that at the Gen
oval election. to he held in the several Towns,
Wards and Election Precincts III the stare OF
Wisconsin, on Tuesday succeeding inc n'a.
Monday, being the fifth day OF Noveinogf
next, the following officers are 10 pe eie''eo'
A Governor. in the place of Alexander W.
Randall, Lieutenant Governor, In tne Pla:e
of Butler G. oble: A Secretary OF otate' III
the place of Louis P. Harvey Stale Ireas-
urer, in the place of Samuel ID. Hastihgs' q"
Attorney General in the pace OF james IL -
Howe a Bank Comptroller, IN tne pii'oe "a
Gnvshert Van Stcenwyk State Superln-
tendont. in the lace Of Josiah l.. Pickard
and State Prison Commissioner. III the place
of Hans G. Heg whose several terms OF o OILY,
will expire on the 3Ist day OF December, 1901
A State Senator. for the twenty -eighth SEN
ate District, comprising the Counties OF lefGe'
St. Crox, Polk. Dallas, Burnett, Dougia' La
Pointe and Ashland, whose term OF once WIN
expire on the first Monday OF january 1909;
A Member of Assembly, for the Assembly
District comprising the Counties OF flerce anu
st. Croix. ..f..
One or two County Superintendent OF
Schools, in the several Superintendent us
tricts. as determined by the County Board Oh
supervisors.
County supervisors. in the several superv1-
sor Districts, and such other County Ohcers
as are by law required to be elected al such
election. ..- .. .-. IS. -....... tsE
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 Gene al Laws OF
1861, as amended by Chapter ! of the General
Laws of the Extra Session of 1861, as follows:
CHAPTER 242.
DIS Amendcd dy Chapter l, Extra Session.
AN ACT to amend the General Banking Law,
and the several acts amendatory thereof.
The people of tie State of Wisconsin. repre-
scnted IN Senate and assembly, do enact as Jol-
loacS:
Section /. Section %, of Chapter II, of the
Revised Statutes, with the thereunto belong
ing amendment, (see chapter SO of the Cen
eral Laws of 1859 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 ma. be left
on deposit with the Comptroller" By stri-
king out the words "equal to" and inserting
after the words mot exceeding the words
d" in value" By striking out the foll,wing
words but such public stocks shall In all ca
SEES, be, or be made to be equal to stock pro-
ducing six per cent. per anrum 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 1t shall be
lawful for the bank comptroller to issue Tor
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 Yors 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 lay of deposit, nor MOI e
than ninety per cent. of the par value of such
stocks - so that the said section shall hence
forth read as follows Whenever, hereafter
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 inter, 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 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 a. 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 PrOvi-
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 proyided furlh<r, that from and after the
first day of December, 1861, the Bank Comp
troler 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"N a.-aa 30
Section 2 Any public stocks described in
the preceding section, and issued at rate of
interest less than percent. per annum, to be
receivable by the Bank Comptroller, shall be
made to be equal to stocks producing five per
cent. per annum. ....,. s.a..,
Sections. Section 40 of chapter II of the
Revised Statutes, is hereby amended by IN
serting between the words located" and "to''
in the 18th line of said section, the words Z" OF
to the Judge at chambers.
Section A. Every bank and banking associ-
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-
I tions as are or may hereafter be located in the
/ cities OF Milwaukee and Madison, shall on or
before said first dav 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 raJarnnfio IN -:' y st3t .. ,}A