Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1874-07-09

Ny construction Of the act of June %, 1874, in
reference to the reserve of the National Banks Is
that the reserve upon circulation j. abolished,
but that the National Banks are required 70 keep
reserve upon deposits, as provided IN Sections
al aud 81 OF the National Bank act,
certain proportion of which must be kept on
hand. and certain other proportion with the re-
serve agents in the cities enumerated IN the sec
tiuna referred to. The banks also required to
keep amount equal to per cent. OF their eli
culaffon ON deposit with the Treasurer of the
United States. which amount may be deducted
from the aggregate amount of the reserve required
to be kept upon the deposits
Recent Washington dispatches state that it
has heeu discovered that, by the provisions of
a bill which was quietly passed by Congress
at its recent session, on complaint for libel in
Washington an editor of a newspaper can be
arrested anywhere and conveyed to the national
capital for trial.
The Massachusetts, Legislature has refused
to pass a License bill over the Governors veto.
The vote stood 10 to 93.
The New York Liberal Republican State
Convention is to be held Mt Albany ON the 9th
Of September.
The Illinois Prohibtionists met in State
Convention at Bloomington on the 30th ult,
seventv-fye delegates being present D. L.
Bum. OF Decatur, was elected President. Res
oIutions were adoptcd-denouncing the
traffic in liquor as dishonor to Christian
civilization: favoring moral as well as politi-
cal action Iy temperance men; demanding
the reduction of official salaries and perqui-
sites. advocating the election of President,
Vice President and Senators by direct popular
vote: commenting the course Of temperance
s,r+ss ,u4py lido IF in
temperance. and requesting them to
continue their efforts in the same
direction until they shall be given the
ballot, and favoring the substitution OF green
backs for National currency, and the return
TO a specie basis as speedily as compatible
with the public interest. The following nom
nations were made: State Treasurer, Maj.
Little, of Pana; Superintendent of Schools,
Mrs. Jennie F. Willing, of Bloomington, Pro-
fessor in Wesleyan University.
The Massachusetts Legislature has ad-
journed sine de- Among the last acts passed
was one declaring women eligible to serve on
school committees.
The Democratic Executive Committee of
Georgia have decided not to call a State Con
vention
The people of Arkansas have declared, by a
large majority, in favor of a Constitutional
Convention.
The Iowa Republican State Convention met
at Des Moines on the LIST. Hon. Theodore
Guelich, of Des Moines was made permanent
Chairman and Capt. J. Grifiths, of johnson,
and j. E. Williams, of Dallas, Secretaries.
The following nominations were made: Hon.
7. D. Young, Secretary of State; Capt. P. C..
Christy, State Treasurer; B. r. Sherman,
Auditor; David Secor, Register of the State
Land Office; NJ. E. Cults, Attorney General;
E. F. Holmes, Clerk of the Supreme Court
j. S. Runnels, Supreme Court Reporter.
George G.. Heberling, of jackson, was elected
Chairman of the State Central Committee.
Resolutions were adopted fayoring free
banking and return to specie
payment as speedily as consistent
with the material and industrial interest of
the country, insisting that the obligations Of
the Government shall be paid in specie; de-
claring that the power to regulate Interstate
commerce, whether by railroad or water
highways, vests in Congress, and that tn a
body should legislate so as to prevent extor-
ton, and that it should provide for the i'm
provement Of the great natural waterways ;
that the State has power to regulate railway
transportation within its own limits, and de-
mandng the enforcement of the State
Railway law; favoring appropriate legis-
lation for the full and equal protection
of all citizens; congratulating the party on
the S27, 100000 reduction in the estimated ex-
penses of the General Government for the cur
rent fiscal year; demanding the election of
President and Vice President by popular vote :;
favoring a modification of the Patent laws;
commencing the position of the party in in
stituting Investigations of corruption in Office,
and fayoring the submission of an amendment
of the Constitution extending the right of
suffrage to women to the people for their de-
cisiQn