, 1865-03-13
FROM MADISON.
Especial Dispatch to the Chicago Tribune. ]

Especial Dispatch to the Chicago T1ibune.1
MADISON, Saturday, March II.
Reports read at Provost Marshal General Sc.
Wills Office show rapid progress In recruiting.
The number Of men put into service during the
laft week was teycn hundred md uinety-eight; In
January, SIX hundred and nlnety.seycn; IL Feb
rusry, 1our thousand nine hundred and Eeren
Since March lst, mp to today, one thousand one
eand seven hundred and thirty-eesen to reduce the
present quota OK twelve thousand three hundred
and ft5-six, leaving five thousand SIX hundred
enlisted.
-Four, companies Of the 18th arc already or
saalzed, and anGtber company fpll: besides quite
full and seyeEsl others mak.ng good prosress
Coils. Martin. OF ths 61st; Webb, OF the 81; and
johnson. OF the SD, gre daily expected here.
lowing communication to the Legislature today.
=" II Is apparent to q: ia view Of recent events,
that soon portion Of the bills q the Wisconsin
circulation. The sudden refusal OF SOME Of the
state banks to receive many OF these bitls, natu-
rally tends to cr.ete alarm. which, unless checked
By thec cxhtbition Of fact. to the people, will re-
snlr IN the depreciation Of the currency and loss
TO holders, We suppose that, to some 'ent this
1s unavoidable, tn4amuch as the bonds OF our
StAte which form the basis and sec1r3ty OF part Of
that currency, have never been pressed upon
Eastern market, md In conseQnence cannot be
o5es 1to sss1
be paid, principal and interest, to the last cent
and We have no hesitahon IN using the power con-
Ss sy M Of sna i 7 as% aa
under our contrul, as tar az they may become
available in our hands, We are morally certain
that no sater disposition r. can be made Of these
or tenedc1al to the people Of this State. Inasuch
as bils OF Stac Banks are easily convertible into
thcee bonds, and would form medium Of effect
Ing such conversion convenient to tn. people, and
inasmuch Is wc deem It desirable to encourage the
purchase Of State bonds In order to increase tho
funds above mentioned, we have determined, both
a measure of justice and cxpediency, having in
view the permanent as well as present advantages,
to continue to receive the bills Of all Wisconsin
6iste Banks not fn process Of liquidation. in pay
State on account Of my Of these funds and also in
payment Of any lands hereafter sold entirc,y for
cash.
resolution being IN lde known TO the Lcgisla-
ture, and may be the subject Of their action rot
in accordance with their v,cws.
LuCIUs FAIncuHD, Secretary Of State.
SAUL D. HASTINGS, State Treasurer.
WINH7ELD SMITH, Attorney General.
The Legislature has taken decided action by
the adoption. almost unanimously, OF the follow
WMEaEas, Il has heretofore been the policy Of
this State to create currency for the use Of our
people, based npon unquestI9naols securities,
which bonds OF our own State have been regarded
canal to any as snfe and desirable investment;
and
for tie suppression, Of dc. rebellion II
eas ssc1 r M efssa fa,sa ,esReien te
% Il 5s 70
heavy rs to Compel theit wiiharawal; and "
cur own Laws must for these reasons, be forced
foz redemption, and In somc instances the bonds
deposited; but tho bonds may suddenly BE-
thrown upon an nnprepared market; therefore.
CURING, that the obligation Of the Ststo to pay its
bonds IL most sacred and uuQueshonable: that
nothing shall be omitted On our part to maint1ln
q t. g
Legislature, and we feel warranteu IN p!cdsing the
faith Of tho people that no action vii. over be
made t9 eyads "a T. the e. falallnens Of the obligations
TesoI5<d further, That We deem the support
Of The currency Of our State Banks worthy at our
best efforts, being So intimately connected with
welfare Of the people that ne will adopt apy rea-
fonahle and proper measures calculated 10 s1s-
tain that atcurrency and prevent loss ther reon; and
ture, We Win devise to enact such measures as
appear suitable to that end; and t4at ne will not
hesitate II necessary to impose such Tux or taxes
for that object as shall speedily aaslst IN absorb
bonds that arc Ikely to be thfown npon Tie
market.
ResoIeed- That the proposed action Of the aev.
eral lc9mmtssionersast this day communicated to the
payment of State landr, and the principal sum due
the Sate on account Of its various trusts, fully
meets With our unqualified approval
Of Milwaukee, for additional compensation On the
contract for the erection OF tho south wing OF tho
Capitn1, Was presented. Bills were introduced
s11hoIizfng and reqmIiHs the common coanc1ls
villages TO raise money TO pay the interest IN cer
tain cases, and to pay persons charged With par
hcipaton in the ozaukee riots for damages sus-