Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1866-01-24

y h-l@ number Octob r LIST, 1855. INeuty-ene
with an aggregate capital Of. -. sn 600
Decrease Of capital in u months $. .2ca coo
THe whole "A, 'unt of securities held -
trust for BaE king Associations, 'ict5ber
Isl iso4, was .....-.... 81 So, ,669 eS
The anssrnt hesd o-:oSer 1st, 1868, Wa 2sl 80 -
Decrease N Y months 50 $50 512 IS
The amount Of cir uIation outstanding
oe,. l, l,,, l7o.' 20 vas. a6o 653 90
Inc amount Oct lst, 200, was.-..-.. "a, 81 90
Decrease in Z months hs...........s s. -, osg 20
Under the provisions of chapter 2>2 Of
the laws Of 1850, - banks Taye asst ned
to the State Treasurer their Wisconsin
State Bonds, the aggregare amount OF
which is So 300, the state being rrspon-
sible for whateve- circulation OF these
banks may be outstanding The State
Treasurer hould be authorized t. redeem
this circulation when presented at the
State Treasury, and he should be etapow.
cred to take the necessary Cters as pro-
yided in the banking law, for closing up
these banks, and securing to the Stnte the
benefits Of their lost circulation
The Comptrols- suggests that the bank
ing law Is very defective. and should be
thoroughly revised, if State banking is
70 be continued TO any considerable ex-
trnL
This suggestion should receive your
earl attention.
Your attention IS called to the careful
? consideration OF chapter 400 OF the Gen
ernl Laws Of 1869 which provides for tax
ing National baaks. 1t is claimed by
ut class of corporations that the State
Tax is unjust ard Unconstitutional
Banks thus ta=cd have in some in
stances, paid into the State Treasury the
/ noun' required Of them, under protest.
Alth the expectation of decision bv the
Supreme Court Of the L. ;. exonerating
/, them from sgch liaiility
\ test case is now before the highest
judicial trjiunal, taken up from one
ot tie ~tlte Courts Of the State oI New
York, where tie tax was dec AIRED cor-ti-
JHtional 1t Is also expected tltat tlie ques
on will be decided IN few months by
ghc supreme Court Of this state.
If il Is held Ev the Courts that this tax
j. unconstitutional the Banks vii demand
a return Of the amounts paid by them
into the State Treasury. and the Srate
Treasurer should be authorized 70 repay
them
The securities for outstanding bank
circulr'ion, on the 3lst dav Of December
last. amounted tu 500 90I ! ,. of which
@IlJ.JJO were Iunls. and Sll6.4Ol II
were Treasury notes and coin The bonds
are deposited with the ~ate Treasurer
while the note and coinarc in the custody
2. "a, ."hN g mb'fo.er. ~ Is deoIrhh "
'aat tH. m"ne1 shn"id also he removed I"
the vaults Of the State Treasurer He i,
the o'hcer to whom the duty OF kePp'ng
the public money naturally belongs, and
u" can discharge that duty more securely
art economically than he Bank Comp
tr"I!er.
The state claims 70 be the substantial
owner ct u portion OF these monies
When the bonds Of the state were sold 70
the banks upon = credit Tor portion oi
the purnh sa money, i was agreed that
tho bonds were to he deposited fistlv, a.
security for tine circulation uf banks max
in- the deposit. and, secondly, aS security
70 the stat" Tor the unpaid balance OF the
purchase money.
Many of these bonds have been sold by
the Bank Comptroller to redeem the bank
. circulation. and a residue OF the proceeds,
after reieemiuC such bills ~ have heen
presented, remains IN tue Comptroller :
, 9, fa ,,ar+ of IL . n,nnnv m hand as uLnya
80. M; = -,l:a+ :. ,l an IL
absorbed by the lien of the state, aud
should be in the possession, and at the dis
poSal Of the State Treasurer.
THE STATE CAPITOL, SC
Sufficient anrrorri1+ion should he
r,9Jc ~ pro ida ior he Immediate com
rr.fio, Of The State Conitol
: Tine four wir.gs are ALREADY finished -
The dome and rotunda alone remain un-
built
The damage that IS SUSTAINED hy the IN
ner walls ol me nuiidin1, "hieh' III iIs
present unfinished condition, are exposed
t to the weather the increased danger o.
hre Wh!'e : in.'Ss 81 ls'lf,,,r'IE w. 90 /.
s'ana~ IN the ro'uhI3 'II u 'SI.''h '@I' %
cotd nails ana ne aaaei d'LHeui'Y "i neat
ing oinces ana l-eZisl''lve 1ha.n-eT-, are are
80" Ny ~ I'm ,rii u '''S
"I'...''- NJ -. .g NV - -.
""..' ~ - - = ~
=, va .lI,,,I :, -. -
''"+"l''tH '. ~ :
g '''''"N ~. '',s l.,.,.l: ~
=" -. g oa3 - -
N t., - or,o,lo5 >. .bi,, 1o+o
u'' ~ - I'.-:.,f
''I me ''''.''''- W '''' >' ''o' -
49, [.5 , 60 80 -r M 4.
Proceed. u Capitol Lands ......-...... 12.5sy 4
,--,--- I
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Aut'"5iiN si''''I 'S = =" = >''''0 Que