Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1867-01-19

Total Si47,s2s 90
,.,- 60, an ,ses s25, $50 81
The disbursements amounted to SIf2,-
I66. II, of which S153, 125. 80 were pad
70 soldiers families. There has been
expended from the soldiers relief fund
the sum of S390.S2 during the past
wear. As no further necessity exists
for this fund, authority should be
given for its transfer to the general
fund.
over "a. 900. 900. 90 have been expend
ed from the state treasury Tor war pur-
poses since April, 1861. At least %, OOO,
COO 90 have been expended by cities,
counties and towns throughout the
state for the same purpose, making the
total expenditure on account OF the war
of about So, 900, 10000, which does not
include the millions contributed by our
citizens for charitable purposes con-
nected with the war.
Large sums have, in like manner,
been expended by each of the other 10y
al states. In my judgment Justice de-
mands the reimbursement, by the gen.
eral government, of these states for
such expenditures, to the end that the
people OF the whole country may beal
their equitable share of the burden.
[ respectfully recommend that, 10y
memorial to Congress, you ask tins re
endorsement.
No payments have been made by the
United States to tins state during the
past year, IN liquidation OF war CLAIMS
heretofore presented.
So no
additional sum of S33, 07S. 40 have beeI
filed with the auditing officers at Wash
ineton. 1t is not probable, however
that any further sums will be realized
on these claims until Congress direct;
their payment.
BANKS.
The report Of the Bank Controller
shows that the whole number of state
banks doing business on the first day
of October, 1865, was twen'y-one.
With an aggregate capital of s80l 900 ~
Whole number doing business Octc-
Der Ist 1866, was nineteen, with an
aggregate capital Of...-.....--.--.. 6lt,Oov U
Da,rsssa in twelve months. 49,. $4,000 on
The aggregate amount OF securit es
ti ein octo oSs' l. ISIS, was sas4I57 q
Amount held October I, ls66..-..--. i45'uoi Il
Decrease in twelve months. ......... sI4l. 1903 o.
The amount of circulation outstanding
on the IT Oct 1861. was ......--- =. s274,7d q
Amou-t oct Ist 1866 .............. li2,657 o.
Decrease during fiscal year ..-.--.-.. $l32,l77 o.
Chapter 143. General Laws of 1866
an act 10 amend the banking laws OF
this State, did not contain any clanse
authorizing its submission, and, there
fore. has not been submitted TO the
people. The amendment Is needed,
and provision should be made for Its
submission at the next general election.
Under the provision of chapter 2S2,
General Laws of 1865, twenty-one
banks have assigned to the State
Treasurer their securities, held by the
Bank Comptroller, together with then
/ interest In such of their circulating
notes as may not be presented for re-
demption, the State in return assuming
the ultimate redemption of the ont
standing circulation of said banks AT
the date of the passage Of that law,
the circulation of these banks was
5000. 10000. OF this amount $50, 00O
1 is still outstanding, SO, 900 of which
is believed to be lost circulation, and
by the terms of the assignment enures
To the benefit of the State. l invite
yonr particular attention TO the recon-
mendations of the Bank Comptroller
with regard to windingup these twenty
one banks, and the disposition of their
1 funds and securities.
The banking law having been amend
ed by chapter 102, General Laws 1866,
no tax will hereafter be assessed upon
the capital of any bank or banking
association organized under the laws OF
the state, but stockholders will be as
sessed and taxed on the value of then
shares of stock in such banks, at the
place where the banks are located
! National banks are to be taxed In the
same manner.
The report of the State Treasurer
shows that thirty-six national banks
have been organized in tins state under
the laws of Congress, having an aggre-
gate capital of $2,7S0,000. OF these
banks sixteen have paid the state tax
| for the year 1865. Twenty banks de-
clined to pay this tax, asserting that il
was In conflict with the laws of Con
gress. aud illegal. The amount of tax
paid by the sixteen banks was 3d.
203. 90.
If the tax was not legal, this amount
should be Immediately refunded. Ii
it was legal, it should be enforced
against all national banks alike.
INSURANCE COMPANIES.
Foreign insurance companies doing
business in this state, are required to
report annually to the secretary of state,
aud home companies to report to the
governor. The law should be so amend
ed as TO require all TO report TO the sec.
rotary, thus giving sole control OF in
surance business to one department..
There were twenty foreign fire, Lille
and accident insurance companies doing
business within this state during the
past year,
With an aggregate capital OIL. S31 lis .6l5 90
Total amount received for premiums
In this state ia 1868. I'Ol2'tiz 50
Total losses paid ia the sate in 1865. 1927 81
State tax for ls63...... o'4oS 70
The law requiring insurance compa-
MES to deposit state or other bonds
with the state treasurer, as security TO
policy holders, having been repealed
last winter, there have been Withdrawn
from his custody bonds amounting to
S212, 900. Oh such securities there still
remains with the treasurer SlS7, 900,
subject to the order of the owners.
NoTARIEs PUBLIC AND COMMISSIONERS OF
DEEDS.
again recommend that the notaries
public to be appointed be limited by
law to a certain number IN each town
and city, and that their official bonds
be approved by the county judge of the