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Waukesha Freeman Newspaper Archive: September 27, 1859 - Page 1

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   Waukesha Freeman, The (Newspaper) - September 27, 1859, Waukesha, Wisconsin                                WAUKESHA FREEMAN. CULLATQX, Kdilor ami Proprietor, in Block, over Oliii Store, Third 1'loor. Fit HEM AN published every Tuesday r.t the following rates: and mail per year, if in advance, ?V'0. To Village venr, in advance, for shorter time received at the 1S5S, first Mondav. of January of nearly two millions during RATES OF ADVERTISING. uare. O inch in lerjrth.) one "week, ____ 00 each additional 25 three 300 t.e .six 6 00 .a'ia are, one rear 8 00 1 50 one month, 3 00 squares, three months, -1 50 IT-.TO square.--, six months, 7 00 aTwr> -one year. 10 00 lOnc-fburtn of ;i column, one month, 4 00 g On ''.-fourth of a column, three 7 00 aOne-fotirth of a column, six 10 00 c-fourth of a column, one j'ear, 10 00 a column, one month, a column, three C 00 0 00 if, 00 ..15 00 ..25 00 ..-10 00 if a column, fix. 00 If a nriluum, one e column, three e column, column, one liu-mf-iS ?1 r'.T line, JILT year. Stray notice--, common length, four vf ill iioiicL-r-'in-t-Tted at tlje rates prescribed by erti-ements not nccompanod hy vrittnn dir- A will be inserted until forbid, and charged All transient advertising must be paid for in ad- for insertion the ?ame week, louiil bu hiindud in hy noon on .Monday. VOL. 1. Mature, _ d WATJKESHA, WIS., From thc Michigan City Enterprise. A MOTHER'S PRAYEB. I have known many a many a bitter tear, Aud the fresh leaves of my spring-time have all gro-.vn brown and But my U beating quicker, and my heart is burning wild, As I clasp thee to my bosom, my own. my darling child. I've trained the fairest blossom in homes of long Aud have seen them rudely blighted by the chill- iag frost and snow, I've grayed that death might Lake mo from all my sufferings i The Specie and Currency Question and the State Treasury.- Communication fromllon.S. O. Hastings, State Treasurer. i myrtle i early bier: JfBook and. Job Printing. Trie 'rypo find ollior of tiic Office :tr.: NEW, :tnd were selected witli fat crtre, n view to doing ;ill kinds of Plain and :ui v.-i.- sliall lj To THE PEOPLE OP WISCONSIN The fact that I have for nearly two years past been in charge of the Treas- ury Department, and that I am now a candidate for re-election, must furnish i muofc an apology for addressing you at the creep ana twine above my I present time. A very peculiar and unusual state of things existed at the nd Ornamental Printing-, I prayer be jirejiared nt .-ill times tftj__ CI1fir nlllo irf'lT h IJut now, come clouds or stiQKlniiCj come calm or tempest wild, Him fondly do 1 cling to life for tbcc, my precious child; May virtue, purity and truth be stamped, unon tliy heart, And in life's battles rn.iy'st thou boar tlio woman's braver part. And, Heavenly Father, should the waves of grief roll mountaiu Oh, may hoi- htart be stiiyed on Thee, her treas- ure in tlie sky; JJut from her mother's son'ivs, Lord, my little Thc future lies unknown grant aTjbut foiii1 niinutos. "Jlr. ua time I came into office. this state of thins I felt In view of called upon to pursue a course, in some respects, different from that pursued by my predecessors. My actions have been grossly misrepresented by interested parties, doubtless for the reason that I have stood between them and large sums of money they wished" to from the State Treasury without hav- ing rendered a proper equivalent. I am anxious that my fellow citizens their circulating notes into coin, there was no difficulty in doing so. The ao-- gregatc capital of the several banking associations doing business in the State month of January, 1856, was tho month of Janua- ry, 1S57, it amounted to an increase during the year of 000 and in the month of January' lc5S, it amounted to an increase daring the year 1S5T, of more than'double tho amount of the increase of the previous year. hy this great increase 1 Was the business of tho State so rapidly in- creasing as to require this great in- crease of banking capital. A NEW ELEMENT IN THE SYSTEM. _ By no means, but we find the solu- tion of the problem in the fact that du- ring the year 1857, a now element Card.', L..-1'.t-rlIeaJ.--, from his Circulars, Dull Bill Heads, Hank Check.-, and other Jilauks, ui'lin i.icr, evrrvlhini; in the line of Printing. All will lie ilmn: neatly, nii'l warranted Charges will moderate, .-.irk be ready at the time prcpinised. MiUiv years' expi-rii'iiceasa .Job I'rinter, encour-. ii -_-t.- ui to-olicit a of public patroinisc.__ I1JiViti'f -i very likely 3 or 4 year old exactly what I 7iave done Mr. Rowoll-'s famoua trotting horse gait wit gor.. ranged a fcv on either side oftlic throe minut03. M. UUI.l.ATON'. of my course, _'their support. wo suppose, tho best time oveiTm our banking law. Of this great in- ____ ____ crease banking capital during the the reason w7ty I have done as I 1S57, nearly one million was in ]have, and if, when they understand j '3anks having merely a nominal exis- as they are, they do not ap- tcuce, doing no legitimate bankin NO. 27. Hmn time, unless, and silver uuiuBs, in LUG mean- Such is 'tfliul'e shall direct otherwise.' seems to have crept into our banking State for taxes. about whflftb.rated "specie circu- said, and a brief stitwnueh has been eumstanees under whicnH..of the cir- On the assembling of the-jsyssuod. the G-overnor called attention ''x-tare abuses which had arisen under" ox, r banking law, and urged upon the legist lature, in the strongest terms, the nec- essity of correcting these abuses. In response to tho recommendation of the Governor, two laws wore passed, to whiqh I shall shortly allude. Oil the 19th day of January, 1858, a resolution was introduced "into the Assembly, instructing or permitting the State Treasurer to receive the bills of all the specie-paying banks of this I did not, charged, as out 'he bills 1S59, to the first Monday'of banking capital of the State" has dc nearly a. half of a 'million of dollars, aud the circulation to about the same extent. I think the facts stated furnish ;an, abundant reason for pursuing tho course I did in coming'into the office, and also for the changes I have since made. u it as an as a matter of ac stall not ask SPECIE AND CURKENOY QUESIION, On reaching Madison near tho close maile Jit our County Fair Taylor, of Delafioltl, had Professional Business Cards. only ones exhibited om dlfforcilt County Treasurers, ma- not inquiry as to what portion of the iJUtLl IjUU UiUOt! the month of December, 1858, 1 in tho Post Office several letters A. M. WAR.SEK, M. Thy. i.tian ami SurRcon. Office at refidcnce u til of the Kpiscopal Churcli, on Kast Tin tl ere we few choV i of :nn! tte in llor ut Law, am '.s Stone IMuck ciioicc animals. Mr. State tax 1 would recei as usual witftl know that currency had aVvayTbcTn loz'i T, Lw received into tho State -Treasury to il.o .overs ol tins breed of Cnttli some extent, and my first impression >fflli IinvC tl fine nP T i VEK.NON At torn 1-3- anil {'i Ofliccin f nnil Notary Pub- 's IJIock. 1 JIUULUL'T IL'.SSEbL, nnil Oronoiniiwoc, V-.'iscon: I'ractirinij in all Courts in this State, and lii-'tr'nt of the U. States. atten- inn irivi-n to tin: rolleetion and securing claims in ol'the J-.UWIN WH.I.IAM HASSELL. and at. Law. ri-r.eire an iiioiirv, make furni.-ii nh- <.r lanil Will rei-eiTe'unil .sell real on e'liiiiiii.-sion, and at.tend to all in of his profe.-MOll in Jir.y county in it'- of V.'i-con.-iii, with funl rill terms. OJHi-i: in efroml ?tory of Ait- l.ii.-'-i.ov.-r Uo. liank 1 fine chance of buying at forthcoming auction sale. Of workinj oxen, there were only two or three yokp' A Picture of Tesas. In-.: the I'L-BC V.'nuke ha. Of- 1 J031N S an! OtnV. f -1 nous fl.tlt- ol' over 1 4y 1 UY.C K jTiSCHA.NU nt" ami Divi-ion streeN, %Vau- A. F. UOOT, i--h.i. 'i-in. pathis: KVL.L.K KAY. It. C. A. UKU Olli i-o n (jeonomowoe., 1 e, on (lie 1 Viiwallk-er. ll'i.'rnnsiii. Tim (hirst. Ilort-1 ,t DAVIS, iM-y (iu.i.Js. Ci-ocorii-H. 1'rovi- UAMIiL r.At.I.ACHIili, Hnot unit Shoe MaUiT. oiipo.-ito liur- ?-toro. Muni .-t. 1 J. SI. HUKLBUT, -c. and Pointer. LSI M.-iin -iri'i't, nvi-r IJlaciavcll .t Tvlcr's -i..L-o Waukoslia. "l HLA1R fc S.1UTII, uiii.-turi'.- of I. (i, S. ami IM Itorso anil Paccnr 'riirrvlu-r ;intl St-iiarator, anil C h :uui Wagons nuil Rail .t MKXSEIT, in Meilii-incs, 1'aints, Oils, SilRars "la-si--.l.amiis. Perfumery, Itooks. Trns- 5ci'. If y.Mt want no matter what us n call. l C. JACKSON, I'l-a'.rr in Groceries. Stone Ware, Willow nnd Ware. Itird Bird S.icil. To- l-ic-p.-.. (Vnfi-cf'ioiinry. Toys', Gloss and '.''itty. Vaukeo Notions, Stationery, lioots uud M'.oo. Croekcrv. Urugs aud Mcdicilies, .vc., i-c. "idiu street. 1 THIS FOREST CITY BANK, M M. IVXSEND. Cashier. Oorrcspoud- Mariiie fc Fire Insurnnco Co. I. -..t A M i H11CL" OO. i broadway Bank, New York draw .lirect on all the principal cities of Great l-rance ami Germany. 1 AVAUKESIIA COU.M'Y BAXK, t.il tlO'.i ooil. Draw On State H.-ink of Wiscon- ii.K.-inke..; Marine Fire Ins. bank "nkee; F. Adam., Chiea-o, Illinois; Van Kead i Ure.xel, 27 Wall street, N'. Y. A. ident ItAitNKv, Vice 1'rcsideut IR. Cashier; (J. u. Teller. Board i 1-i'KBouoiis, H. N. DAVIS, M LA WI-.E.X-CE, jr., S. S. SAWYER. 1 Mill The following is an extract from a letter of Bishop Piorco to the N. 0. Christian Advocate Texas is a curious para- dox'. Everything is in tho specula- tive, or contradictory, or It is the richest and the poorest; has the bast land' and tbo meanest water is the hardest country to live in, and has the most to live tho dnya are the hottest, and the nights the coolest; here are the most rivers and tho least tho best roads and thc slowest travel; the finest building material, anil the least use. mado of it there arc more clouds, and loss rain; moro .plains and less timber more ropes to tie horses, and yet more cstrays; a poor country for farming, and yet the most productive the least work, and the largest yield, tho horses little, and thc cattle big the frogs have horns, and the ralnts havo ears like mules tho people are intelligent without gen- eral education inventive without bo- ing triuky refined without manner- ism rich, without money; hospital without houses; bold, generous and brave. In fine, here is an empire in extent and resources, but in the slow- est process of evolution, yet destined to population with wealtli and power. There is much to admire, but little to deplore; many tilings to enchant, bin- few to offend and for the people and (heir institutions there is a splendid future. A Hymn of Praise. HY TTIKonORF, D. D., L. D. 1. Oh thou most worthy of all praise and ever to be adored Almigh- ty Dollar. praise holy name. Thou doost great wonders and settcst bound to the ambition of men. Thou earnest tho Gospel to the heathen and food to the Priest and Levitc. Thou buyest praise for tho Most High, and fun for the Thou bulkiest temples of worship an palaces of mirth, and thou dwcllost ii both. Thou bringcst food to tho min ister and wine to the bibler. Yea spices and sweet smelling savors get test thou for tho saints, and tobacci for the foul and unclean. Thou ar tho chiefest among ten thousand anc altogether lovely. Thy countenance is like unto the eagle and thy power is __ _ f 1 n -t T was on reading these letters, that the matter had boon regulated in some way by the Legislature. 1 went at once to tho Statutes to soo what legislation had been had on the subject, and could find nothing. I made inquiry of sev- eral individuals, aud found that every- one with whom I conversed had tho samo impression that .1 had, That there had been sonio action on tho part of tho Legislature, at souio time authorizing tho taking of curren- cy by tho State Treasurer. to find it in tho Statutes, it :estcrl that, possibly, it might havo eon done by_ joint resolution, audit not until after having mado a wns su- was business, not called for by thc wants ol' tho people, and located at points al- most if not quite inaccessible, and un- known to the inhabitants of the State generally. of this banking capital was professedly located at Eagle Point, Contrelle, BrinkerhoiT, and Mill- ville, four places, I will venture to say, the precise location of which is not to- day known to ten persons in thc State, if it is to half the number. Upon examining the money received frorn my predecessor, I found a very considerable proportion of it in tho notes of th'is new kind of banks, loca- ted at one or tho other of tho four pla- persons remitting tho currency into co'in without profit to myself and first ter 0.3 into JIT MA.VXEa OP D01XO In accepting the position of State Trcisu er, I do not understand that I bewmc fa mere machine, to he operated -by otters t0 understand that I was placed in the Treasury are three months of close of the year mind to coin into first endeavoredI lha" to accommodate to thc liCt the fi lost in my power all who had to do business at the office. There if not transaction connected with my entire nffi   ____ t T- __ ces named above. It was also noti- Aurora, G-emekon and Eagle Lake.' If there is a scholar in any of tho schools of the State sufficiently posted in thc Ge- ography of Wisconsin, to know the whereabouts of all those places, he would certainly be entitled to the high- est premium. I was willing and anxious to do all in my power to accornodate tho people, that could reasonably be asked. But was it reasonable to ask mo to assume the responsibility of taking such currency In view of such a state of facts, when there was no Jaw authoriz- ing when every creditor had tho uuomusa cantor' demand coin of the State and nmny doing a legitimate bhsiness! into tho Treasury I had and wore, known to bo owned by men T otuor than such as of capital, wore rapidly rotirincr their they were author- nivnulrt f TC.M iJ-tn t> n-F? IZinff when tllOV rrn.vn cnnnf ocd that almost all the money that was paid into tho Treasury during the first day or two aftor I came in possession was in notes of tho class of banks re- ferred to. An examination of tho rec- ords in my office, developed another fact, to-wit that tho banks wluoh wove located in tho business cantors, modifv mv coursp in relation to the to h-c for clues to the State, and my is a llulmaual who have done business at the not boon treated in a cont, tosjuily manncr-if there is one will make iKeii wronged out of a kind has over oSsdircctly. 1 beg that Tie advertently, anythiuo. Of be made right to tholjrjms been doao 5u- Ihe State bo stated to eeive all moneys payable ihi' Treasury, and to pa.y out the sail CJ the County addressed by Treasurers as to., what course they should pursue in relation to demanding coin from thc people I addressed to them two circulars; the first contained thc various provisions of law relating to the matter, and the second was in the following 1; anguage To T11E TllKASUHEK OF _____ COl'.NIY. DEAR will notice on an exam- atthere tax in anything gold'and silver com I am well aware that in many locali- ties it will be exceedingly difficult to collect the full amount of this tax in coin. I need not remind you that I t. ination of the law on the subject, th is no authority for the payment of the Sta r.mr In n.TTf 11- >._ .in chan ave no authority to circulation, its place bcino- filled by 1 _ _ Oi ,1 n --------O thorough search in this direction that s of tlns otll'-el' class of banks, the conclusion was reached that no ac- tuo year 1857, seventeen of tion of the kind had over been had. Currency had boon freely received into the Treasury; public sentiment seemed to sanction ft; I had heard any objection mado to tho never prac- tice, nor of any evil growing out of it and my own feelings at the time wero altogether in favor of the continuation 01 the course which had been generally my _ predecessors. However, as the legislature was about to assemble, and fooling confident that they would at once authorize the reception of cur- rency in payment lif dues to tho State, I thought it was best to leave the mat- ter to their action, and wrote to such County Treasurers as had addressed me, accordingly. This was on thc 3d of December, 1857. On the fourth day of January, 1S5S, I took posses- sion of tho office. My predecessor paid over 28, of which amount was in currency. ACTION UNDER THE BANKING LAW. A little examination put me in pos- session of the following facts, to which the attention of tho people of the Slate is particularly asked. At the general election held in November. 1852, the voters of the State passed the Imnks doing a logitimato .business, m tho cities of Milwaukee, Madison, liacino, Janesvillc, Kenosha, Beloit, and TV'atertown, retired of their circu- lating notes an aggregate of more than they issued during tho same period, while the aggregate of the eir dilating notes of till the banks in the izing when they gave their sanction to the banking law that is, the notes of legitimate banks, located at accessible points, in tho business centres of the State, judgment upon a law business of Bankin. authorizing the C. S. Ardiiieet and Iliiilder, oilice in Barnc's block__ I'Uns, Spccilica! ons and Kstimates for private and I'liMic Buihliugs fin-nislled on short notice. Stair done on improved plans. Lessons-iver in Architectural Drawing. II. KIXO, toucher- o Brass nuil Strinir Monroe, Ore County, Mu.-ic furuislu'd ami arrung- Cotillon lianas with any num- 1'inm.s. MeloiU'Oiis, Violins, itar.i. anij Kli Of Strings of the liest i1-, on hand. Orders from a -ttt-nrtcvl ton? promptly ns possible. HOME nun o y NEW YORK CITY. over.............. JSAAC IvAIN, Agent. 17tf like unto the power of kings. SelaJi 3. Thou art stronger than truth more beautiful than holiness, and more precious than wisdom. I will praise theo whilo j'oung and when I am ok I prill arise at midnight and bless thee. SclaJi. 4. Thy glory fills the earth. Young men and maidens sigh for thee, and Rulers and Emperors bow down unto thee. "We know that without thee we can do nothing. Wo aro as outcasts, but Oh Almighty Dollar, when wo are with thee, and thou art with us when we are filled with thy fulness, when our garments are filled with thee, when do we walk forth among the children of men, and feel that we are Time coming. mourn- OUT 01- There is a ful truth, which many will appreciate in thc following extract- from "Bulls and a story just completed in the Atlantic monthly "To a man out of employment, pro- scribed, marked, there is nothinn- so terrible as the impenetrability of tho close ranks of society around him. _ Every busy man seems to have found bis place each locks step with his neighbor, and the vast procession moves on. Once out of the serried order, thc unhappy wretch can never rcsomo his position. He 'finds himself the fifth wheel of "a coach there is nothing for lira to do. sion in its favor pliatic. th safe, and. legitimate The expres- was decided and em- State had increased nearly a million and a half. WHAT WAS TO BE DONE Such was tho state of things when I took charge of the State Treasury. The country was suffering from the ef- fects of one of the greatest commercial and financial panics with which it had ever been visited. Largo numbers of the banks of the country had suspend ed, and their circulating notes were at a great discount, or else entirely worthless. Even thc notes of thc banks of our own State, but a short time previous, had been at a discount of from eight to ton per cent in the City of New York. There was no au- thority of law for receiving anything into the Treasury but gold and silver coin. The currency of the State was rapidly changing its character from that of the issues of banks located at "to coin, without should have been perfectly ____J__T_. ii ..._y je the law; but whi.'.e I cajinoTaV'this 1 am willing to take Hie responsibility of ae- commcdatHig the people so far as I can do so withouUoss to myself or detriment to the pubhc interests. Tho presumption of the law is, that all the money in thc State Trca- is m coin, as there is no authorit-v fo thomcd by law. Under the law. the reception of anything else, ing to take Wisconsin currency on my own responsibility to the extent thai I can be certain to get rid of it without loss to mvself or dissatisfaction to the creditors of' thc State.-' 1 told them, further, not to have the town treasurers, in any event, distress the people; to take from the town treasurers what they took from the people, and 1 would take from tucm what they received from the town treasurers; and at the same time I issued these circulars, I decided to take everything which was remitted to ne bv mail, if received at all, at its face, and if it was in Wisconsin currency to receive it at once.into the Treasury, and forward the proper receipts. The action of the banks is, 1 suppose it would be perfectly the Treasurer to sit quietly in his office ami1 require every one who has money to my into the treasury to come'to tho counter aud pay the amount in gold and silver coin' and whenever any one has a demand against thcgl-reasury, to require him to conic to tho counter and get his money I however, thought it best to pursue a differ- out course. I have thought it proper mv self to take advantage of all the facilities which the progress and improvements of. the age have brought into use, for business between different parts of the cou-i- try and to allow all parties doiuc business with tho ofhce to make use of the facilities also. It an individual in Douglas county has wished to pay into the State Treasury five or ten dollars, or any other amount I have not required him to come in person with it, but have allowed him to send it in whatsoever way was most convenient to him If it came in coin, it was at once placed into once placed hit I am will- i ths treasury, and the proper receipts for- warded. It'it came in a draft oiher shape in which it or in any be at once to have taken the responsibili- tue spring, m making provision fo- followed the.precedent establish- ty anc ed by my predecessors. In a communication to the State Senate, under date of February 20th, 1S58, I made use of the following lan- guage Had I, upon assuming the' duties of niy oflico. found the currency of the State in ns healthy a condition as it was oue year since it is a matter o.f serious doubt whether 1 should have felt called upon to have de- parted materially from the course pursued by my predecessors. I called the attention of the County Treasurers to tho law as 't stood upon the statutes, and requested them to govern themselves accordino-ly savin" nothing as to the course I should pursue! other than ;n relation to the payment of in- terest taxes on School and University Lands. 1 was well aware that previous to the issue of the circular from my office, a considerable portion ol the State tax had been collected in currency, and it was ruy intention at thc time of issuing the circular, to save the County Treasurers from all loss or hardship, whore they could produce the evidence that they had acted in good faith and hnd brought to the State Treasury all the coin they had received from the Town Treasurers. This course has been pursued 'n. in rl11 cases: in receiving the State Tax. ill ------o J uu ciuc icauua ui latic. iiie people had the impression banks having only a nominal existence, .at they had given their sanction to a as banking associations, and located at fn n n 1 it mi n 4. _ i -i _ Banking system under which regular banking associa- tions would be organized, in locations where the wants of the .community ealled for such institutions, and that the_ circulating notes issued by such as- sociations could always be converted into coin, should their holders desire to convert them. There wns not a man in the entire State, who in voting in favor of that law supposed ho was giving his vote for a banking system which would au- thorize the establishment of banks in remote, unknown and inaccessible lo- cations, far outside of the bounds of business and settlements of the State. The first banking association organized under the banking law of the" State was tho State Bank of Madison, which was organized on the 1st day of Janu- ry, 1S53. During the year 1S53, banks were organized at Eacine, Ke- nosha, Janesville, Milwaukee, Water- town, Oshkosh. and Pond du Lac in unknown and comparatively inaccessi- ble points and the Treasury was rapidly filling with this new kind of currency. I understood that under the law the creditors of the State could demand coin, while I had nothing to give them but a currency which was then at a discount of four per cent. What was I to do under tho circumstances I did not act rashly and without due deliber- ation and consideration, as some have intimated. I consulted some of the wisest and best men in the State, men in whom the people generally have al ways had confidence, and after looking over the whole ground, and fully con" sidering all the attendant circumstan- ces, it wns tho unanimous conclusion that the best thing for me to do would the business centers of the State do- duc ing a legitimate banking business, and owned and managed by men of known integrity and capital, to the issues of treasurers, calling their attention was, and then ent I was aware that at the time of issu- ing the circular before referred to, that a considerable amount of currency was in the mails, nnd in possession of members of the Legislature and others, for the payment of interest and taxes on 'School and" Swamp Lands: and to enable this to reach the Treasury, the time for receiving currency was extended until tho 18th of January, since -which time the law has been strictly regarded, with the single exception that members of the Legislature, paying inter- est for their constituents, have been allowed to pay in currency, to the extent they have receivo_d it for mileage and per diem. This course was strictly pursued until near the close of the year 1S58, when, in consequence of a chance in the banking law, it was ified. During the year 1S5S, I received from County Treasurers nearly two hundred thousand dollars in Wisconsin currency, which with what I received from my predecessor, made an aggre- gate of over three hundred thousand T -Madison, and the action ol the recent Legislature, in refusing to re- enact that provision of law which requires the County Irsasurers to pay the State tax to_thc State Treasurer in gold and silver coin has induced me still further to modify my course, and since about tho time of the adjournment of the Legislature, Wisconsin currency has in so CASE beea refused in payment of dues to the State, nnd will not be by me so long as I hare that entire con- fidence in the soundness of the Wisconsin oanks that I now have, and the creditors of the state will receive the same from me in payment of their demands. AMENDMENTS TO XnE BANKING LAW. I ave shown the state of things winch existed with tho banks at the time I came into office; thc existence of an clement in our banking system which was not contemplated at the time the people gave their sanction to the banking law. So long as this state of things existed, I felt it to be my duty to adhere as close as possible to that provision of the law requirins com for State dues, and as the evils referred to have been gradually cor reeled, I have gradually opened jr uwuivt mju JJL; m once paid into the treasury, I have in my private capacity as an individual, aa a matter of ao- commodation to the persons remitting con- verted it into something that eould properly be received into the treasury, and have then forwarded the receipt. If I was at any expense in cxclianginc: what was sent to me into what could be paid into the treasury, I have notified the par- ties concerned, and, to tho credit of hundreds and, tho perhaps, thousands Km) x have accommodated in this way, I am happv m being able to say that.as :l general thin- they have promptly remitted tho amount" may have paid out lor them. In no case havo I ever charged anything for mj time in attending to the business 1 liave simulv charged the actual amount of money 1 h-ivu paid put. The Treasurer of Lal'oinlc coun- ty wishes to pay iiito the State Trcasurv the amount of State tax due from that coun- ty, lucre is but little coin, or currency of any kind, m circulation in that county A large amount of lands are owned bv non- residents some residing in Washington some in Philadelphia, und other ihese non-resident owners write to the La. Pointe County Treasurer nnd request hint to forward receipts for their taxes, and to draw on them for the amount at ten days sight. He (Iocs not know how to use such know if 1 will State tax due from his county. I tell him to send them drafts, and he writes tome to know if 1 take them on account of the contend witfc ecting his taxes and remitting to the be to issue a circular _ to the county dollars in currency, and yet there are the law as it then to throw the responsibility of further ac- tion upon the legislature about to as- semble, where belonged.__ 1854, at Portage City and Green Bay; On the 7th day of January, a in 1S55, at Beloit. Beaver Dam, Wau- j of which the following is a Fox Lake and Elkhorn; in 1S56, at Monroe, La Crosse, Slieboy- gan, Stevens Point, Hudson and llipon in 1857, .at Prai- ie du Chien, Columbus, Platteviile, Black River Baraboo, Eau Claire, Whitewater, Montcllo and Man- towoo. The action under the banking law rom. 3853 to .1857. seems .to have been natural and legitimate, aad just vbat the people of the State expected Lhat it would be, when they -gavo j.t heir sanction. Bankg had sprung up n the business centres of the State and about as fast as the wants of the 'Ooplo required. They wore located n the midst of the. people. The poo-' >le knew who owned -and" conducted hem and if .they wished to convert.! copy, was forwarded treasurers, and to the following to the county editors of the different newspapers in the State STATE OFFICE. Madison. Jan. 7, 1S5S. To the Treasurer I bee to call your attention to Sec. 84 of Chapter 15 of the Revised Statutes of Wis- consin, which is as follows "On or before the second Monday in February in each year. the. several county treasurers shall, pay to the State Treasurer, in gold and sil- ver coin, the amount of state tax charged to their respective counties, which moneys, when so paid, shall be credited by the State Treasurer to tho counties so paying the I know of no authority for the State Treasurer to receive from county treasurers.in of State taxes, any thing other than gold and silver coin. You will therefore govern yourself accordingly. "Interest and taxes on School "and Swamp lands will be received in the notes of sol- vent banks of this State, until Monday, the tilose wbo protend' to think it very strange that anything but coin was ever paid out of the Treasury.. From the ISth of January. 1858, until near the close of that year, I required coin Treasury for the reception of the notes of the banks of our own State, until, regarding the banking system of the State as fully restored to what it was during the first few years of its exist- ence, I have during the past five or six months, received Wisconsin currency freely from all who oifored it. On the 15th day of May, 1S5S, law, of which the following is a copy, was approved by thc Governor: The Bank Comptroller is hereby directed. Irom and after the passage of this act. to refuse to issue jny circulating notes to any banking association organized under an act entitled, lIAn act to authorize the business of approved April 10th, 1852. un- less he shall have satisfactory evidence' that such banking association has not been, or is not to be organized for the purpose of issu- ing circulating notes merely, but was or is to be. organized for the purpose of doin" a banking business by "discounting bills" notes, and .other evidences of debt by re- ceiving deposits, by buying and selling gold and silver bullion, foreign and inland bills of exchange, by loaning money on real and personal property, and by exercising such incidental powers as may be necessary to carry on such business at the place where such bank purports to be located; and that the place where the business of such associ- ation is, or is to be carried on, in an inhab- ited town, village, or city, where the ordi- nary business of inhabited towns, villages, or cities is transacted, and that such associ- -1-1 n -i vuuj wiiii ouuu in all cases ior interest and taxes due ation_has established and keeps open durin on School and Swamp lands. A larore'' amount of this interest is remitted by mail. Daring the winter and spring of 185S, I received .on an average fif- teen or twenty letters.a day, contain- ing remittances of currency to pay in- terest. What was I to with this cur- rency To send it back would subject the persons remitting, to great loss and inconvenience. Some of tb'cm resided in the most remote counties of the State, where there were no express fa- cilities, even in tho event that they could have procured the coin while in other cases the time was so limited that tha money could not have .been return- ed, to the Treasury in any event, before the penalty would have 'attached. In view- of these facts, I "pursued that course which I-honestly deemed to be for the best, all things considered. banking hours, an office of discount and de- posit for, the transaction of sucli business and for the redemption of their circulating notes. [Allusion is made to an amendment of tie Banking law by the Legislature of 1S5S, re- quiring all banking associations to be loca- ted in a place containing not less than two hundred voters, in which they should keep an office :to be open during the visual busi- ness for the redemption of their cur- rency. Thc good effects of this law were immediately The banks located afi remote arid in- accessible points were speedily removed to .cities -or villages located in town- ships containing ithe required number of -votes; and opened'o'ffiees for tbe tran- saction of a regular increase' of the -banking capital of the'State-from'the. 31st day of July, commodation to him, and when the are collected, I forward to him a rcceiptVur the full amount received, charjrino- nothinir my trouble in the matter. The Treasu- rer of Fond du Lac has a largo amount to pay into the treasury, say fifteen or tweutv thousand dollars. There are banks in the city where he resides. Banks can oA en-af- ford great facilities for the transmission of money from place to place. Perhaps a bank at Fond du Lao, for some slight considera- tion will remit to -Milwaukee the money ho wishes to pay into the State Treasury, or! will give him a draft on Milwaukee for the amount. He writes to mo to know if I will receive it from him in that way if I will it will save him considerable trouble and instead of having to keep so lar-c "ii amount of money inhis possession, and then run the risk of transmitting it to' Mn.ihon he only has to deposit the several sums" as hecolectsthem.in a safe bank at home and when he has the whole amount collect! ed he has only to take his draft on a, biuk in ..Sulwaukee, and remit it to me. By managing in. this way, much trouble expense, and risk is saved" The ot Milwaukee county has a payment of ten or twenty thousand dollars to make to lie State Ireasurer. He inquires if he may not amount in some safe and sible bank m Milwaukee and send to mo the certificate of deposit, instead of being at the trouble and risk of brinn-in u. uie nionov to the treasury. 1 tell him, without hesita- that he may do so. I receive similar inquiries from other parties, nnd always an- swer them in the same way. A num- ber of persons residing in other States owii bcliool, University and Swamp land certifi- cates a interest to pav into the This interest is generally them into cates, and have State Treasury. sent to me in drafts I convert money that can be received into the treasu- ry, as nil individual act of accomodation pay the money into the treasury, and for- ward the proper receipts. During the first six months of the present ar, I received nearly ten thousand remit- tances, m payment of interest on school and wamp lands, a large portion of which were m dratte on banks and bankers in the differ- ent cities .of the country. These charge to thc parties'remitting them, other nan what I may myself have occasionally, been- obliged t o pay for discount or exchan4- ia diSDursing the money fl-om the Treas- ury. 1 have endeavored to act with the same spirit of accommodation, and to use, so fai- ns business faculties that are employed by others. The State creditors in various parts of the some of them reside in other'states. When hey havo .called at the counter of the Treasury, I have always paid them, exactly nthe way they, havo demanded, where it has been m my power to do so. JNot unfrequeiitly when a maa has been drawing.the.moneyrifrom the Treasury, he has stated that hb.wished to send the amount r a part of it, to. Milwaukee or to lork or tosomo other has asked f 1 could not givo.hiin on theplaco he wished tp.Beiid it. Whenever it   

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