The legislature adopted amendments to the banking law, later approved by the people at the fall election.

The evidence

• “This was followed by others from time to time, and it would be difficult to overvalue the great good that has resulted, at several important crises from the hara.onious and conservative action of the bankers of our state. Partly, at least, upon their recommendations the legislature, in 1858, adopted amendments to the banking law, providing that no bank should be located in a township containing less than two hundred inhabitants ; and that the comptroller should not issue circulating notes, except to banks doing a regular discount deposit and exchange business in some inhabited town, village, city, or where the ordinary business of inhabited towns, villages and cities was carried on. These amendments were approved by the people at the fall”

  1879-history-of-rock-county/04-wisconsin-railroads-commerce-health-statistics.md, PDF p. 189 / book p. 193

  Butterfield, C. W., et al. The History of Rock County, Wisconsin: its early settlement, growth, development, resources, etc. Chicago: Western Historical Company, 1879. Cornell University Library via the Internet Archive, archive.org/details/cu31924028871585.

  Grade A: Found on a page of one of our sources