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Prescott journal. [volume] (Prescott, Wis.) 1861-1871, October 16, 1861, Image 2

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OFFICIAL PAPER OF THE CITY.
Prescott, Wisconsin, October 16.1861-
Our Platform-
I wish solemnly t<> declare before you and ;
the world that I am for this Union without ,
renditions, one and indivisible, now and for ev- 1
er. lam for it» preservation at any end every 1
coet ofddood and treasure aainsta’l its assail
ants, 1 know no neutrality between my j
country and its toes, wh ther they be foreign
or domestic ; no neutrality between that gio |
rious flag winch now floats over us and the in
grates and traitors who would trample it in *
the dust. My prayer is for victory, complete, '
♦ ndtiring and overwhelming to the armies o
the Republic over ail of its enemies. I am
against any and every Gumi-rom.sk that .
may be Proposed to be Made under the Guns
of the Rebels. • • »
• • " • The arbitrament of (
the sword has been defiantly thrust into the
face of the Government ami country, and there I
is no honorable escape from if.— Joseph Holt.
The Bank Comptroller.
Yte desire to submit f»r the consifkr
ntinn the people of this Suite, some
furls m connection with the administra
tion of Mr. Van Steenwyk.
When he entered upon the discharge ■
of the duties of his office, the department ;
held $2,019,000 of Missouri bonds, as
security for about $1,680,180 of the cir- !
dilation of the State. These bonds
stood high in the confidence of Capitalists. !
Men were willing to invest their moi ey .
in them for banking purposes, because, ;
being somewhat depreciated, they oh- i
tained a high interest for the money act- I
ualiy invested. But Mr. \an Steenwyk
anticipated causes that might ruin these I
bonds, and must depreciate them. From •
the beginning of his admin.stratum lie i
refused to take Missouri bonds as seenri- .
tv fur new issues. He brought nil tho :
influence of his position to bear upon the t
bankers, to induce them to exchange !
those already in Lis Lands, for other
bonds, with such success that $641,000
were removed from the department in ,
n>ne moi ths, and their place supplied btte
bonds of other States. W hen the cra»
came tho people held but $1,351,000 in- <
stead of $2,049,000 of Missouri bunds. ‘
2. W hen the civil war broke out, Lis 1
department heldsl ,175,200 of bonds of i
seceded States. Every one of them be
came at once greatly depreciated. By |
the letter of the statute, it became Mr. I
Van Stecnwyk’s duty to “call" upon the ‘
banks of the State to make this deprocia- [
tion good. A very grave responsibility
was to be mot. If he made this call, the
bankers could not respond to so heavy a
demand, and almost every bank in the
State would be closed, and the bill hold
ers receive but a small fraction of the |
face of their bills.
If he did not make it, he violated a '
statute; and exposed himself to impeach- i
incut, with inevitable ruin and disgrace, i
Bv not making a call, he gave the bank- |
era themselves time to make their ac
counts good, and awaited a solution of .
the national difficulties, when, of course, ;
the bonds would be restored to their orig- ‘
inai value, and the people saved from '
any loss He might have ruined him
self, bu! he would Lave saved the neo- i
pie.
lie took his position fiitnly, and the
people of tho State are indebted to him >
for it to day in millions of dollars. The i
legislature of the State afterwards indors
ed and approved his course Upon the
circulation of only forty of the bank- of
the State, nave the people sustained a
loss, while seventy are to Jay restored to
to their par value.
That this large portion of our currency
has been secured, while Illinois J->st hers,
ia due to Gysbert Van Steenw\k, mure
than anv other man. lie took knowing
*v all risk upon himself, to save his eonsti
tiitents, and did it. Yet of all his col
leagues *n the State ad min is* ration, he
ah>ne has not been nominated fir re
m.-ction. This was caused principally
by a supposed political necessity. His
defeat was one of the inquisitorial cruel
ties polities. There was unloubtedlv
n party r r>r< seuting a portion of the
funks of the State, that were opposed to
Lis notnination under anv circumstances.
Mr. Van Steenwyk was too honest and
too firm a roan for thorn. They wanted
many “favors” at his hands inconsistent
with his duties to the people, and he
could and did say, No. When, after a
great depreciation of the bonds of a bank,
they asked his to surrender the best bonds
in exchange for notes, leaving tho security
for the balance reduced in value, lie said
No.
When a banker Heked him tn Issue
notes, with no other security than his
own certificates of deposit, to enable him
to purchase the bonds wi h hie own mon
ey. Mr. Van Steenwyk said, No.
And so on, through overt* confidence
game they wished to play. Ho stood at
tho portal? of his office and said to any
scheme of corruption, thus far but no
further.
It would have been very easy to have i
placated the bankers, and thus secured a
powerful party. He preferred the faith- j
ful discharge of his duties, and the san
ctity of his oflie : a! oath, leaving his cause
in the bands of the people, whose great
int wests be had saved from ruin.
dhe people did not respond. In a
contest between the bankers and the
Comptroller, whose only fault was bis
Um protection of the public interest, the
people did not defend their servant. So I
great was this feeling against Mr. Van •
Steenwyk, that a prominent banker de
clared iu Madison that if necessary to se
cure his defeat, the bankers would raise
and expend $25,000. We must not be '
understood as charging this feeling upon
the entire banking interest of the State. '
Manx -/the most honorable tankers un- !
Jerstood and fully appreciated Mr. Van
Steenwyk’* firmness and honesty. *
The history of Wisconsin currency Jur‘
ing tho last two years is Mr. Van Steen*
wyk s best e ilogy—his best defense. —
Though politicians have not done him
justice, the people— the press —should.
In no other way, often, can faithful pub
lic servants be rewarded or secured. It
is not always possible to heap official
honors upon deserving; it is possible to
remember their good services, and to be
grateful for them. We ask this much
for the Comptroller—nothing more.
We ask Governor Randall to tender to
Mr. Van Steckwyk a commission iu the
Wisconsin army. He has had some
military experience, and is as brave and
chivalrous a man as lives. His strong
arm and stout heart can be of essential
service to the State and the Nation. Lot
the opportunitv be offered him.— State
Journal.
Tiie Cannon Fever.
The celebrated German poet, Goethe,
was present as a spectator at the Battle
of Valmy, in 1792, between the armies
of the French Republic, under Dumovh
iez and Kellerman, and tL>- allied armies
under the Duke of Brunswick, and gives
his first impressions of artillery battle
as follows:
I Lad board so much of tho “cannon
fever,” that I wanted to know what kind
oi a thing it was. Ennui and a spirit
which cverv kind of danger excites to
oaring, nay, even to rashness, induced
me to ride up quiet coolly to the? out
fl’oik of La Lune. This was again occu
pied by our people; but it presented the
wildest aspect. The roofs were shot to
pieces, the coin shocks scattered about,
tho bodia.? of men mortally wounded
stretched upon them here and there, and
occasionally a spent cannon ball fell and
rattled among the ruins of the tilo roofs.
Quite tdone, and left to myself, I rode
away on the heights to the left, and could
plainly survey the favorable position to
the French; they w--r<* standing in the
form of a semicircle. in the greatest quiet
and security; Kellerman, then on the
left wing, being th< easiest to reach.
I fell in with good company on the
wav, officers of mv acquaintance belong
ing- to the general staft’and the regiment,
were surprised to find me here. They
wanted to take me back again with them,
but I spoke of them of particular ob
i“C*s I had in view, and they left me
without further discussion to my we'i
kuown singular caprice. I had now ar
rived quite in the region where the Balis
were playing across- me; the sound ot
them is curious enough, ns it it were
composed of the humming of tops, the
gurgling ot water, and tho whistling of
birds. They wore less dangerous by
reason of the wet ground,whenever one fell
it struck fast—and thus my foolish ex
perimental ride was secured against the
danger at least of the balls rebounding.
Io the midst of these circumstances, I was
able to remark that some thing unusual
was taking place within me. 1 paid close
attention to it, and still the sensation can
only be described by similitude. It ap
peared as if you were in some extremely
hot place, and at the same time quite
penetrnteAl by the heat of it, so that you
feel yourself, as it were, quite one with
the element in which you are. J Ire eyes
lose nothing of their strength or clearness,
but it is as if the world had n kind ot
brown-red tint, which makes the situa
tion, as well as the surrounding objects,
more impressive.
I was unable to preccive any agita
tion of the blood; but everything seem-d
rather to be swallowed up in the glow ot
which I speak. From this, then, it is
char in what sense this condition can be
be called a fever. It is remarkable, how
ever, that the horrible uneasy feeling
nrlsing’from it is produced in us solely
’liruugh the ears: for the cannon-thunder,
the howling and crashing of the bails
through the air is the real cause of these
sensnti'iii-.
After I had hidden back, and was in
perfect security, I remarked with sur
prise that tho glow was completely ex
tinguished, and not the slightest feverish
ngi’a’ion was left behind. On the whole,
this condition is <>ne of the least enviable;
as. indeed, among mv dear and noble
comrades I found scarcely one who ex
pr-ssed a really passionate desire to trv
it.
How to knew a Traitor.
An Eastern paper gives the following
recipe of “how to know a traitor:”
The man who continually prates about
“coercion” and “subjugation” is a trai
i tor.
The man who says lie is a “Union
man,” but erics “peace,” even to the sur
render of the Government to Jeff. Davis,
re a trailer.
The man who shows a painful sense of
i the horrors of war when the rebels are
1 shot down, and chuckles inwardly when
the defenders of the Union are killed,
: is a traitor.
The man who shows v morbid sensa
i tiveness to the peril of the Constitution,
but a lively interest in “Southern rights,”
; is a traitor.
WelE Ssiited.
7 ho Adams Co, gives the
Republican Union ticket a very warm en
dorsement. It says:
1 hat the ticket as thus formed is one
that will commend itself to the whele
people, wo do not doubt. It fairly rep
resents the Union sentiments of the State,
and an indorsement of this nomination
will be a guarantee on behalf of the State,
that there will be no compromise with
traitors so far as Wisconsin is concern
ed.
The railroad bridge over Lake
Butte des Mortes, near Menasha, is, 2,700
feet long. It is nearly completed.
A Valuable Mixed Bar single
bar of metal lately arrived at Sar Fran
cisco, from Washoe, weighing sixty-sev
en and a quarter pounds, and contain
ing $3,769 worth of silver and $1,013 </
gold. ,
THE PRESCOTT JOURNAL, WEDNESDAY, OCTOBER- 16, D.bi.
Correspondence of the Journal.
Mr. Editor The question of duty
which eveYs’ American citizen owes to the
country of his birth or adoption under
the circuinstancea, which at this hour
surrounds ns as a nation rnd a people, is
no lunger doubtful or uncertain. A re
bellion of tearful and purteiuiuus power
ugainst the Government is flaunting its
flag within sight of the National C* ntol.
This rebellion is shaking the sou ation
of our Government to its very centre,
ami threatening with utter destruction «!i
that every American should hold siicred
as the apple of his eye;-*-a Government
bequeathed to us by our patriotic father
as u legacy never to be per ten with—nev
tr to be trifled with or crtlrngered. Z.t
this fearful hour rt ratkrni peril we
should not «top to encuirc into the cau
ses which hnve’produced it. Our nation
al temple is on Arc; kt us first put it out,
ami then look after the incendiary. The
bickerings of party politicians must be
frowned into silence by an indignant peo
ple. The old party backs must be aet
aside, and party polities forgotten in ar.
and patriotic effort to save oui
Government, our Constitution and coun
try. To do this party convention? must
bo ignored by the people and party names
obliterated. The people must be urnted
upon Lut one platform, and let that be
the “ Constitution ami the Union.”—•
There will be time enough when peac<* is
again restored to our bleeding and <J;s
tracted country to euqirre into the cau
ses which have prodn the evil. The
history of our country -i r. written histo
ry—the record cannot be obliterated;
neither can the causes which produced
this fearful revolution be e r;coaled from
the intelligent eve of tho American peo
ple. But let us first save the Govern
meut and Nation, and after that correct
] ast errors and political heresies, be they
what they may. L.
Prescott, Oet. 16, 1861.
In Probate-• Pierce Co. Court.
In the matter of Dower in the Estate of
Wilson Thing deceased,
N reading and filing thej etition of Ed
/ nah E Thing of Printer, in said county,
representing among other things that Wilson
Thing, late of Trenton in said county, died
seized of an e«t;/e of inheritance in fee simple
in and to north half of the north west quarter
< f section 3, town 34 range 18: and the smith
ca“t quartei and the northwest quarter of tha
southwest quarter of section 34 town 25 range
18 ; southwest quarter of southwest quarter of
section 34 town 25 range 18, containing 32
acres ; southwest quarter of section 22 town
25 range 17 ; west half of southwest quarter of
s'-'-tion 32 and the smith east quarter of south
we- t quarter section 32 town 1 » range 1 west,
east half of suuU.cast quarter of section 35
town 14 range 2 We. I ; southeast quarter of
southeast quarter section 34 , west half south
west quarter and the southwest quarter of the
northwest quarter section 35 town 14 range 2
west ; northeast quarter of south west quarter
and norhwest quarter <-f s nitneast quarter
s- ction 5 town 13 north 1 west ; north west qr
to southeest quarter of section 35 town 14
range 2 west, also the further described prop
erty in the village of Trenton ; the whole of
Blocks no. 25 26 45 46 47 48 49 50 except lots
1 and 2 in said Blk, 51 57 58 59 60 63 64 65
‘■;U’h block containing 12 lots , also blocks 61
and 62, each block containing 10 lots ; also
Mock 66 containing 6 lots ; also lots 9 10 11
12 in block 52 ; lot 9 block 44 ; lots 12 3 4
5 6 10 11 12 in block 27 ; also lots 1 and 2 in
block 50 containing dwelling ; that she had
not had her dower in said estate assigned to
her, and that the heirs at law of said deceased
to wit; Wilson E and Eucia E Thing of 'I ren
ton in said county, do not Dispute her right to
dower in said estate, and praying that her
dower in said estate be assigned and set off to
her; it is ordered that, said petition be heard
before the Judge of this court on the 4th day
of November next at one o’clock I* m at his of
fice in the city of Prescott; and it is further
order-. <1 that notice thereof be given" to the
heirs of said deceased and to all persons in
terested iu said estate by publishing a copy of
this order for three weeks successively prior to
•aid day of hearing in the Prescott Journal,
weekly journal printed and published ot
Prescott in said county-
WILLIAM HOWES, County Judge.
Dated Prescott Oct 7 1861. n 024 w 3
An Ordinance
F> r the construction of sidewalks on Broad
and Front Streets in the ()ity ot Prescott.
Tii< Gonunon Council oftLe city of Prescott
do ordain as follows;
That a sidewalk be constructed on ‘he es
tablished grade on the East side of Broad
Street between Orange Street and Lot No 7
of Block C. in the city of Prescott by the
owner or owners of Lots or parts of Lots front
ing thereon, being lots numbe ed Eleven (11)
ten (10) nine (9) and eight (8) of Block G.
also on the east side of Broad Street between
Kinickiuie Street Lot No Eight of Bl'k E and
between (.’range Sheet and lot no. (5) of Block
D. by the owner or owners of lots or parts of
lots fronting thereon, being lots numbered one
one (1) two (2) three (3) tour (4) five (5) six
(6) seven ( 7) of Block E. and lots no. one (I)
two (2) three (3) and four (4) of Block
D. on or before the second day of December
1861. Abo in front of lots sixteen (16) and
one (1) ci, Kin ckinic .Street in Block B. and
on Levee Street, in same. Bl’k, in front of lo‘s
one (1) two (2) three (3) four (4). five (5) six
(6) seven (7) and eight (8) ai d in front of lots
eight (8) and (9) in same Block, on Orange
Street, Also in front of lots eleven, Block C.
on Orange Street all of said lots in the original
plat of the village (now city) Prescott, as sur
veyed by J. O. Henning. Said sidewalks to
be eight feet wide constructed of pine plank
not less than 1)4 inches in thickness, on two
by six scantling, laid crosswise and not more
than two feet and a half apart, the planking to
be well nailed or spiked to the scantling, and
laid crosswise of said street, and in case owner
or owners of either of said lots shall not con
struct such sidewalks as aforesaid, the Com
mon Council will cause the same to be con
structed at the expense of such owner or own
ers, as required by law.
J. M. Whiffle, Mavor.
W. T. Hatch, Glerk.
Notice is hereby given that the foregoing
ordinance was passed by the Common Council
of the c ty of Prescott, on the twenty-seventh
day of .September 1861.
W. T. Hatch, Clerk.
I’ierce County-Circuit Court
Jane M. Sheldon, against John Sheldon.—
Summons for Relief ; com. served.
State of Wisconsin, to John Sheldon :
XTOU are hereby’ summoned and required to
answer the complaint in this action, of
which a copy is filed in the office of the clerk
of the circuit court fur Pierce county, and to
serve a copy of your answer on the subscri
bers at their office in thb city of Prescott,
Pierce county, V> iscoi sin, within twenty days
after the service hereof, exclusive of the day "of
such service ■ and if you fail to answer the
complaint as aforesaid" the plaintiff will apply
to the court for the r-jlief demanded in the
complaint.
Witness, the Hon. L. P. Wetherl.y, Judge
of the eighth Judicial circuit, at the. city of
Prescott the Bth day of October, one thousand
eiget hundred and sixty-one. n24w6
WHITE & JAY, Fill’s Atty’s.
DENTIST,”
C.S. RICKER, DENTIST,
HAS located permanently at Prescott.—
Rooms next door to Crriffiu’s Store.
Business solicited.
Frescctr, Julv 31st. iB6O
fI4 ts.
BUSINESS CABK> S.
ATTORNEYS.
A. H. YOUNG. iI - a * FITOK »
YOUNG A FITCH,
Attorneys at Law ; All business entrusted to
their care will be promptly attended to.
JIJF* Office over Citv Bank 1 rescott.
Prescott. May 15, 1861.
WHITE A JA.7.
Attorneys at Law ; NTH prftCtJ* “ —* *~^ e
Courts ot this Crete end Kirxcocte.
Prescrtt. JCeyH. IFCI. * *“ _
ZtrroZNtr and CccNezn-ef. at L/.t? , lt«--
tion node, t jees paid f.nd acxtractc ci ude
furriflhed. , .
Merestviilc, Wig., Ms.y 4, Ib6l. ”I's
JAMES b. Ob-AY, H. L. 3"JC?33ZV.
GRAY 4 HUMF2RET,
(Succeßsemto Wetherby & end a;
Hamphrey ■4W;lgon.)
Attorasys CcuHseiGia at Law,
auMCN. * •WISCONSIN
• no 17tf.
CLOUGH d- BAKER.
ATTORNEYS AND COUNSELLORS AT I.AW, Kpd
son, St. Croix Co. Wis.. will attend to Pro
fessional Business in Wisconsin and Minn.
May 6,1861. n Hf
A. MORSE,
Attorney at Law and NoTAhy Public ;Col
lections promptly made.
River h alls, Nay 4, 1861.
p v WISE.
Attorney and Counselor at Law, Prescott,
Wisconsin.
Prescott, May 8,1861. niff
JAMES B. GRAY,
Attorney and Counsellor at Law, Hud
son, Wisconsin. All business promptly at
tended to.
July 3,1861. n9tf
P II Y S I C I A N S.
~~J. M. WHIPPLE,
Physician and Subgeon. Prescott, Wis., will
attend to Professional Business in the coun
try as well as the City from this time. Par
ticular attention given to diseases of the
Eve and Opthalmic Surgery. Office at City
Drug Store, on Thiid Street.
Prescott, June 12,1861. n6yl
A D. ANDREWS,
Physician and Surgeon ; Office at the Drug
Store, corner of Main and Maple Streets,
River Falls.
River Falls, Nay 4. 1861. nltt
S. M. DAVIS,
Physician and Surgeon ; Office at bis resi
dence, on Second Street.
River Falls, May 4, 1861. nltf
m e r c h a n 'r s.
BEARDSLEY <t LYFORD,
Wholesale and Retail Dealers in Dry Goods
and Groceries ; Store on Broad and Levee
Streets.
Prescott, May 15,1861. n2tf
J. W. PRATT,
Dealer in Dry Goods, Groceries. Gloths,
etc. All articles of Clothing made to or
der.
River Falls, May -1, 1861. nltf
G. J. AP. ROBERTS,
Dealer in Staple and Fancy Dry Goods.
Boots and Shoes. Clothing, Groceries, etc.
Store corner of Main and Xlaple Streets,
River Falls, May 4, 1861. nltf
S. J». DODGE,
Dealer in all kinds of Stoves, Agricultural
Implements, Tin and Hardware. Custom
Work done to order.
River Falls, May 4, 1861. nltf
HOTELS.
KILBOURN HOUSE.
J. McD. Smith, - - - - Proprietor,
Levee street, Prescott, Wisconlin.
Largest and Best Hotel in the City, and
convenient for ail travelers going to or com
ing from the Boats.
Prescott, May 12, 1861. n2tf
AMERICAN HOUSE,
P. Barn‘bd Proprietor. Supper, Bed and
Breakfast for 50 cents Single Meals 20
cent?. Board $2,50 per week, to he paid
weekly.
Prescott, May Ist, 1861. nltf
ELINT HOUSE,”
Parker Flint, Proprietor, Main Street, Rjvei
Falls. Wis. Good Stable? attached to the
House.
River Falls. May 4. 1861. nltf
FARMER’S HOME?
Peter Bott, Proprietor ; Corner of Broad
and Orange streets, Prescott, Wisconsin.—
Peter Bott begs leaveto inform his friends
that he has just completed his new building,
and has good accommodations for eating,
drinking and sleeping weary travelers
Prescott, June 12,1861. * r.6tf
CITY HOTEL,
Hudson, Wisconsin ; A. Boyden, Proprietor.
This house hag been newly furnished, and no
pains will be spared to make its guests “at
name.” General stage office.
July 3,1861. " n9tf
MISCELL A N E 0 C S.
CITY BANK OF PRESCOTT.
PRESCOTT, WISCONSIN.
W. P. Westfall, Cashier.
Chas. Miller, Fresident.
Exchange bought and sold, and prompt at
tention given to collections.
Prescott, June 19. 1861. nßyl
CITY DRUG STORE
Is Doing a Brtfk Business, where all kinds of
Drugs. Medicines, Paints. Oils, Perfumery,
and fancy articles can be bought at ex
tremely low prices. As I pay cash down
for my Goods I can sell them Cheap for Cash,
only. Call and see for yourself.
Prescott, May 12,1861. W. J. Whipple.
OLIVER GIBBS, JR..
Pres’ott, Wisconsin, will buy and sell lands
on Commission, pay taxes, and attend to
interests of non-residents generally, buy
and sell Land Warrants, negotiate Loans,
etc., etc.
Also Commissioner of Deeds for all the
Northern States,
Prescott, May 6,1861. nl ts
C. B. COX,
Dealer in Flour, Grain, etc. Gurion Work
done to order. The best brands of Flour
sent to all parts of the country.
River Falls, May 4,1861. ' n
R. J. WILCOX, M. D.
Homeopathic Phtbict'n, River Falls, W iscon
sin. Office corner cf Third and Maple st*.
July 3, 1861. n9tf
MASONIC.
There will he a regular meeting of N. W.
Lodge No. 105 of Free and Accepted Ma-
Fonson the second and fourth Tuesdavp nf
sacn month at Masonic Hal], Schaper •Btij].
irg, Prescott,
General Election Notice. |
For Pierce County.
— <
Notice rs Hebeby Given, that nt the Gen
eiul Election, to be held in the several Towns,
Wards and Election Precincts in the State cl
Wisconsin, on Tuesday succeeding^the first
Monday, being the fifth day of November
next, the following -officers ere to ue eketeo,
to* Wit; • , . . , I
A Governor, in the place <4 Altxar.oer «.
Randall, & Lieutenant Governor, in the place ,
of Butler G. Noble; A Secretary ot State, m
the place of Louis P- Harvey ; a State Treas
uierj in the place of Samuel D. Hastings ; an
Attorney General in the place of James H.
Howe , a Bank Comptroller, in the place of
Guvabert Van Steenwyk ; a State Superin
tendent, in the place of Josiah L. Pickard;
and a State Prison Commissioner, in the place
of Hans C. Heg ; whose several terms of office
will expire on the 31st day of December, 1861.
A State Senator, for the twenty-eighth Sen
ate District, comprising the Counties of Pierce,
St. Croix, Polk, Dallas, Burnett, Douglas, La
Pointe and Ashland, whose term of office will
expire on the first Monday oi January, 1864.
A Member of Assembly, for the Assembly
District comprising the Counties of Pierce and
St. Croix.
One or two County Superintendents of
Schools, in the several Superintendent Dis- :
tricts, as determined by the County Board of '
supervisors.
County supervisors, in the several supervi
sor Districts, and such other County Officers ,
as are by law required to be elected at such j
election.
At the same election the question will be
taken upon the approval by the people, of the I
amendments proposed to the General Banking I
Law, by Chapter 242 ot the Geneial Laws of
1861, as amended by Chapter 1 of the General
Laws of the Extra Session of 1861, as follows :
CHAPTER 242.
As Amended by Chapter 1, Extra Session. .
AN ACT to amend the General Banking Law, .
and the several acts amendatory thereof.
The people of the State of Wisconsin, repre- i
tented in Senate and Assembly, do enact as fol
lows: •
Section 1. Section 22, of Chapter 71, of the
Revised Statutes, with the thereunto belong
ing amendment, (see chapter 98 of the Gen
eral Laws of 1858,) is hereby amended as fol
lows: by striking out the following words:
“ Said stocks to be valued at a 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 inav be left
on deposit with the Comptroller.” By stri
king out the words “equal to” and inserting
after the words “not exceeding,” the words
“in value.” By striking out the folljwing
words : ‘but such public stocks shall in all ca
ses, be, or be made to be equal to a stock pro
ducing six per cent, per annum ; and it shall
not be lawful for the Bank Comptroller to take
such stock at a 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 : “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 moaths. and up
to the time of deposit in the New York mar
ket, circulating notes up to the par value of
said stocks; but the Comptroller snail 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
percent, 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 cay 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
any person or association of persons, formed
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 in ten 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 nst 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 n< les up to
the par value of said stocks, but the Comp,
roller shall not issue for public stocks ranging
below par in eaid market, more circulation
than ninety per cent, of the current market
value of said stocks at the time of deposit, nor
more than ninety pet 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 State, any stocks offered shall be deem
ed insecure, they shall not be received as such
securities under the previsions of this act.—
And pro vided furlh r, that from and after the
first day of December, 1861, the Bank Comp
troller 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."
Section 2. Any public stocks described in
the preceding section, and issued at a rate ®f
interest less than 5 per cent, per annum to bo
receivable by the Bank Comptroller, shall be
made to be equal to stocks producing five per
cent, per annum.
Section 3. Section 40 of chapter 71 of the
Revised Statutes, is hereby amended by in
serting between the words ‘’located” and “to”
in the 19th line of said section, the words “ or
to the judge at chambers."
Section 4. Every bank and banking associ
ation now organised 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
tions as are or may hereafter be located in the
cities of Milwaukee and Madison, shall, on or
before said first day 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 redemption.
Section 5. The appointment of such agent
shall be made in writing, and such written ap
pointment shall be delivered to the Bank
Comptroller on or before said first day of De
cember next, who shall file the same in his of
fice. If any bank or banking association
shall neglect or refuse to appoint such agent
within the time above mentioned, the Bank
Comptroller shall appoint such agent for such
bank or banking association.
Section 6. The Bank Comptroller shall, im
mediately after said first day of December
next, during such time as he may deem advi
sable, publish a list of such agents in one’dai
ly newspaper published in the city of Madi
son, aud in one daily newspaper published in
the city of Milwaukee, the expense whereof
shall be equally divided among the several
banks or banking associations so published
and be paid by them to the comptroller on de
mand under penalty of forfeiture of one hun
dred dollars, to be collected and applied as pro
vided in respect to the forfeiture named in sec
tion 19 chapter 71 of the Revised Statutes.
Section 7, Every bank or banking associa
tion hereafter organized, shall before receiving
any circulating notes from the Bank Comp,
trailer, appoint an agent for the purposes of
this act; and such appointment shall be irnme
diately published in the manner aforesaid, at
the expense of such bank or banking avia
tion, to be collected in the manner above p ro .
ridcd. 1
Section 8, Appointments of agents made in
pursuance of this act may t-e revcKed and
new appointments made from time to time, by
delivering such revocation and appointment to
the Bank Comptroller, whe snaL '•au’se the
same to be publitked as bcibie previded
Section 9 It shall be lawful ler ary Dum
ber of barkc er banking associations Ruthoiiz
ed bv this Ret, to appoint an agent tc associate
together for raising a joint fund, to be placed
in the hands of their common agent for the re
demption of their circulating notes, in the city
cf Milwaukee or Madison, and also the circu
lating notes of other banks in such manner
and under such regulations as may be agreed
upon, and to employ such agents and cierks as f
they may deem necessiry to carry cn the bus
iness ol such rcminon agency . but nothing in
this section contained shall authorize the re
demption or purchase by such agency of any
circulating notes at a rate of discount greater
than is herein provided for, nor relieve such
banks from any duty or liability required or
imposed by this act.
Section *lO Every such bank and banking
association in this State, except such banks or
banking associations as now are or hereafter
may be located in the cities M Milwaukee and
Madison, shall redeem and pay on demand in
the lawful money of the United States, all cir- ,
dilating notes issued by such banks or bank- !
tug associations, presented for redemption at i
the office of the agent of such bank or bank- '
ing association during the usual hours of bus- ’
iness of bankers, between the hours often and j
three o’clock, at a rate of discount not exceed- '
ing three-fourths of one per cent.
Section 11 Every bank or banking associ
ation whose agent shall neglect or refuse to re
deem its notes on demand as afdiesaid, shall,
on proof being made to the bank comptroller of
such neglect or refusal oy the affidavit of the
person who presented said notes for redemp
tion or payment, and on depositing in his of
fice the notes so presented, be subject to the
penalties and be proceeded aga'nst in the same
manner as is now provided by law for cases
where the circulating notes of any bank or
banking association are protested for non-pay
ment, unless the comptroller shall be satisfied
that there is a good and legal defence against
the payment of such notes.
Section 12 Every bank and banking asso
ciation shall redeem its circulating notes as
now provided by law. but in case of neglect or
refusal to redeem its notes on presentation at
its counter and of protest therefor, such bank
or banking association if not located within the
city of Milwaukee or the city of Madison,shall
not be liable to the holder of such notes for
damages ; provided, it shall within fifteen days
after receiving notice from the comptroller to
pay the same, redeem said notes in the lawful
money of the United States, with interest at
rate of fifteen per ct per annum; provided, that
the officer or officers of such bank or banking
association so neglecting or refusing to redeem
its i otes on demand, may endorse on the bills
or package of bills so presented, an acknowl
edgment of such presentation and refusal and
waiving protest upon the same . and such en
dorsement shall be held as evidence of the
s in therein made.
Section 13 No bank or banking association
shall hereafter receive upon the deposit of
bonds, circulating notes to an amount exceed
ing three times its bona fide cash capital actu
ally paid in, and the bank comptroller is here
by authorized and required to ascertain what
the actual cash capital of any bank or banking
association applying for circulation, except in
exchange for mutilated bills, may be, and for
this purpose he is authorized to examine any
person or. oath, and to compel answers under
oath from any officer or stockholder of any
bank or banking association so applying, or
an* other person.
Section 14 No bank or banking association
shall hereafter be organized in this State, nor
shall any more circulating notes be issued to
any bank or banking association in this State,
unless said bank or banking association shall
have a bona fide cash capital of at least fifteen
thousand dollars actually paid in, which shall
remain in such bank or banking association as
capital, and employed in legitimate banking
at the place where the bank is located ; and it
is hereby declared that the bonds deposited
with the bank comptroller shall not be consid
ered as any evidence of the existence of capital
in any such bank nr banking association nor
of the amount and extent of such capital. and
it is hereby made the duty es the comptroller,
before issuing any more circulating notes to
any such bank or banking association now or
ganized, or lhat shall be hereafter organized,
except in exchange for mutilated notes, to sat
isfy himself by an examination tinder oath of
an officer or stockholder of such bank or bank
ing association that it has fully complied with
the provisions of this section and of the next
proceeding section of this act, and for the pur
poses of such examination the comptroller or
in his abscence the deputy comptroller is here
by authorized to administer oaths : provided,
that nothing in this act shall be to construed
as to permit any bank to issue circulating notes
to any greater amount than its nominal capital
Section 15 From and after the first day of
December next it shall not be lawful for any
bank or banking association, banker, broker,
company or corporation to circulate or attempt
to circulate, or to pay out as money any bill,
note, or other evidence of debt, issued or pur
porting to have been issued by any bank,bank
ing association, company, corporation or indi
dual located or residing out of this State,unless
said bill or note or evidence of debt shall for
the last six months preceding such circulating
or paying out, have been redeemable in the city
of New York or Boston in current money of
the United States at a rate of discount not ex
ceeding three-fourths of one per cent; and the
decision of the bank comptroller as to the rate
at such discount shall be final and conclusive.
Every bank or banking association, banker or
broker, corporation or company offending
against the provisions of this section shall for
feit for each and every offence the sum of one
hundred dollars, to be recovered with costs of
suit in the name and for the use of any person
who shall sue for the same and prosecute euch
suit to judgment in any court having cogni
zance thereof.
Section 16 Each and every person owning
or holding stock in any bank or banking asso
ciation, who shall sell "transfer or assign his
stock or any portion thereof, in any such bank
or banking association, shall be held and re
main for the term of six months from and after
such sale, transfer or assignment as aforesaid,
personally liable to the amount of stock so as
aforesaid "sold transfered or assigned by him,
for the payment of all the debts and liabilities
of such bank or banking association, existing
at the time of such sale, transfer or assignment.
Section 17 This act shall take effect and be
in force from and after the Ist day of Decem
ber, eighteen hundred and sixty-one.
Section 18. All acts or parts of acts conflic
ting with, or in any way contravening the
provisions of this act, are hereby repealed.
Section 19 At the general election to be
held on the Tuesday next succeeding the first
Monday in November, in the year 1861, at all
the usual places of holding elections in this
State, for the election of all officers required
by law then to be elected, the question wheth
er this act shall become a law and go into ef
fect, or in any manner be in force, shall be
submitted to the people, and if the same shall
be approved by a majority of all the votes cast
on the subject, it shall go into effect; other
wise, it shall not go into effect nor be in force.
Section 20 The votes cast on the subject
specified in the last preceding section snail
be by separate ballot, and shall have written
or printed, or partly written and partly print
ed, on each of them, the words : “ For amend
ments to the Banking Lawor, •* Against
Amendments to the Banking Law,” which
words shall indicate the vote for or against the
approval of this act; aud the ballots so cast
shall be canvassed and returned in the same
manner as the votes cast for State officers are
required by 1 iw to be canvassed and the Sec
retary of State shall immediately, on the
completion of said canvass, publish a state
ment of the result thereof in the official State
paper, and shall communicate the same to the
next legislature at the commencement of the
session, and he shall also deliver to the State
Treasurer a certified copy thereof, with a state
ment of result of the canvass upon the subject
immediately after the completion of the can
vass.
Chapter 242, approved April 13,1861, chap,
ter 1, Extra Session, approved May 25,1861
Said election ♦<> be condir-ted, the vote* car.-
’•aseed, and returns made in accordance with
the provision* us Chapter 7, _f j-- .
Etetutee of 1858.
Given under my harxi «ed
deal of the State, at the Capitiq ’
£L C ] Madiccn, on the let day of Ade- n
A. D. 1861. e ’
louis p. Harvey.
Secretary of Shu
IN purr,nance to the above, notice is htrdn
given, that there v*ill be an Election j - I
in each town and ward in the County cf ?;« *■’.
cn the first Tuesday after the £ re t Men :?-’
"being the sth day of November next u
which'time the following State and Count
officers are to be elected :
A Governor, in the place of Alexander Rar.,
dall; a Lieutenant Governor, in the place :•
Butler G. Noble , a Secretary of State, in
place of Louis P. Harvey ; a State Treasure;
in the place of Samuel t). Hastings, an
torney Geneial, in the place cf James p
Howe; a Bank Comptroller, in the placey
Guysbert Van Stenwyk ; a State Snperinte?' ■in
dent, in the place of Josiah L. Pickard ; 5n - |
a State Prison Commissioner, in the place '-*•
Hans C. Heg, whoseseveral terms of office
expire on the thirty-first day of December
D. 1861.
A State Senator for the twenty-ejghth c,..
atorial District, comprising tire counties ■»’
Pierce, St. Croix, Polk. Dahas,
Douglas, La Pointe and Ashland.
A member of Assembly, for the AssenhE
District comprising the counties of Pierce arj. '
St. Croix.
Also a Connty Superintendent of Schools, |
and three County Supervisors in the i q. et i; .
supervisor districts, as follows, to-wit: rj I)6 >|
in District No, 1, comprising the city of
cottand towns of Clifton an J Oak Grove , r ; r,
in District No. 2, comprising the towns fRj. I
ver Falls. Martel and El Paso ; one in,District |
No. 3, comprising the towns of Trimbq;#
.Perry, Diamond Bluff,Trenton, Isabelle, na:>- S
land and Pleasant Valley.
Also, a vote will be taken on the am>u.d |
merits proposed to the General Banking Law ?
the State.
Said election to be conducted, the votee nr,,
bass d, and returns made in accordant vjt},
the provisions of Chapter 7, Revised Status®
of 1858.
Dated Sheriff’s office, Prescott, Aug. 23, 6j.
John R. Freeman,
Aug. 23, td Sheriff of Pierce Count
A s " l
SEMI-ANNUAL STATEMENT, NO. LOL
CAPITAL AMI SURPLUS
$932,302.98.
May Ist, 1861.
Cash and cash items, $79.5b8 te
Loans well secured, ------- 56,253 H :
Real Estate. - -- -- -- -- - 15,000 09
2626 shares Hartford Bank Stocks 274,859 00
2425 “ New York “ “ 193,350 O'
1010 “ Boston “ *' 100,750 P
5P7 other " " 58,085 O'
U. States and State “ “ 73.367 <.'(<
Har’d & N.H. R. R. Bo'ds <fc 39.700 -y
Hartford City Bonds, ------ 36,750 W
Conn. Ri’rCo. <fc R- R- Co. Stock, 4,600 0:
Total Assets, $932,392 9?
Total Liabilities, 73,244 2?
For details of investment, see small car
and circulars.
Insurances may be effected in this id . .
substantial company on verv reasonable :•
Apply to J. M WHIPPL , A
Dwellings and Farm Property ivs iuc
for a term of years at very low rates, nil
The Independent. ;•
Among the attractive features of The In.-
pendent for the present year, by which its co
umns will be greatly enriched for genera;
reading, will be special contributions from,
HENRY WARD BEECHER,
JOHN G. WHITTIER,
MRS. H ARRIET BEECHER STOWI,
REV. DR. GEORGE B. CHEEVER
Also a Sermon from REV. HENE.
WARD BEECHER every week, revised by
the author.
Every number of The Independent will con
tain a complete weekly history of affairs, both
Foreign and Domestic", Secular and Religions
together with the latest intelligence from al.
Religious Denominations—such as Methodic
Baptist, Presbyterian, Congregational, Re
formed Dutch, Unitarian. Universalis:
Episcopalian, and Roman Catholic.
Among the special departments is a don
mercial and Financial Article, prepared with
great care every week ; an interesting page :
Fi mily Reading, with a column of stories f<:
Children ; a weekly digest of Foreign Miscel
lany; the latest intelligence in Art, Literature,
and Science ; Correspondents from all section*
ol the United States, and from England
France, Germany, Switzerland, Italy, th-
Holy Land, India, Southern Africa, the Sand
wich Islands, and various parts of South Anw
ica.
Terms—s 2 a year (in every case) bv
$2,50 by carrier—payable always in adw-
Specimen Numbers sent gratis.
Single Copies six cents.
Subscribers, New and Old, will please re
mit at our risk direct to the Publisher. When
paying an Agent, be careful to see his certifi
cate of authority signed “J. H. RICHARL'
Publisher."
Address PUBLISHER OF THE IN
DEPENDENT.
No. 5 Beekman street. New York.
WATER POWERS lor sal-cr Fall**’
the most favorable terms bv’*”
N. N. P'OWELL.
A FEW choice pieces of farming land r
this immediate vicinity, for sale at a bar
gain. N. N. POWELL.
THE Subscriber offers for sale 250 lots:”
the v ilage of River Falls, among the mos’
derivable for business or residences in the
village. N. N. POWELL.
1/A ACRES on Lake St. Croix, con'e
ta'Jv nient to mills. One-fourth in hard
and the remainder in one and t'”
years. Will exchange for logs.
N. N. POWELL.
LOTS in the vicinity of the tcadim
(JTo those who will contract to build ar ■
improve these lots, 10 per cent, afthep’y
chase money only will be required , tW
remainder on time to suit purchasers.
N. N. POWELL-
QQA ACRES, 2)4 miles from Green's U : ;
Ojw L/ on the Eau "Galla River. There
quantity of good pine timber on "■
above tract. The soil is of supers
quality, Terms, one-fourth in
and the remainder in lumber
ed at Green's or Holman's mill u.
coming winter. This is a rare opP°;,j
tunity tor an enterprising mao of* 5 *
means to secure a home. .
N. N. PCWFL-
Ri-er Falls, September 4,106 l

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