Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1863-02-06


with failure ah that is to most men posi-
tive misfortune. Some have senseIonough to
20 to work after learning that lesson many
have not. He is wisest who goes to work
aud keeps at work. without dreaming of an
office, here or elsewhere.
THURSDAY, Jan. 27.
In the Senate, yesterday, Senator Wilson
(Repub) introduced bill providing for
National Guard, corresponding, presume,
to a suggestion Of the Governor Of Pennsyl-
vania for the organization Of a military force
in each loyal State, which is to hold itself in
readiness at any time to be called into active
service by the President It is very impor-
tant bill Had Pennsylvania such an organ
lied force last summer, the rebels never would
have escaped from Pennsylvania and Mary
land or rather, never would have entered
those States.
great work done in the House all Of
the substitutes for the finance bill Of the Com
mttee Of Ways and Means we're rejected by
very large maiorities and the bill was passed
NttNtNt % Atttetvts ht oHtAAN VI hAt AAbu0b
on this great question has been excellent,
highly patriotic, may say. Itis an example
which the people may well follow. have
already stated the leading features Of the BILL
and l will not repeat them. In addition, |
will now say that the Treasury is to issue
fractional notes to take the place of postage
and revenue stamps and postal currency that
it may receive deposits of gold coin and bull
lion in sums not less than twenty dollars,
and issue certificates therefor, redeemable on
demand in gold, and also like certificates in
payment Of interest, not exceeding 20 per
cent excess over gold deposited, which GER
ufcates are receivable by the Treasury as
gold; that tax is imposed upon the crcula-
ton Of all banks and that banks may be
used'as depositaries for money received from
internal taxes or loans, on depositing with
the Secretary Of the Treasury national bonds
or notes as security, TO the amount Of the
funds deposited in the bank The purpose
of the tax on the circulation OF the banks is
designed to discourage over issues of bank
paper quite as much as it is to obtain revenue
An unsuccessful effort was made to tax depos-
its also, so as to equalize the tax between the
country and city banks. The scale Of the
bank tax for Vermont will be as follows: on
the average circulation Of banks, with a capi-
tai not exceeding $4,000 nine-tenths OF
one per cent semi-annua!ly; over 100000
and not over 100000 eght-tenths Of one
per cent semi-annually; and over S2OO,O0C
aud not exceeding $500. 900, seyen-tentbs o
one per cent semi-annually | believe this
covers the Vermont banks. The bill carries
on this sliding scale up to banks with cap
ital Of two millions and over, the tax on the
latter being one-fourth of one per cent semi
annually Banks issuing fractional notes arr
taxed five per cent semi-annually. Branol
banks are to be taxed as independent banks
The tax takes effect from the lst Of Apri
next.
Everybody was surprised yesterday by th'
resignation of General Burnside but not a
the selection Of Gen. Hooker 20 succeed him
Probably better selection could not hay
been made, though even now the scandal
mongers land semi-traitors) are denouncin
him. simultaneously we have the withdraw
al Of Sumner and Franklin from the army
Rumor hath it that they will not serve unde
Hooker. The dates Of the Major Gen, ralshi
of each is the same, but Sumner stands ahea
of Hooker on the list. Again somebody
it is charged, has been interfering with Burr
sides plans to thwart them, and the Senal
yesterday demanded the facts. Was it Sun
ner, or Franklin, or both = Certainly they al
out of service for some reason. behe'
them to be excellent officers, competent ar
brave but if either of the above reasons e'
ist they ought to be more than dismissed
they ought to be disgraced. The man wi
will not cheerfully and faithfully serve
country in any position to which he may
called, care not how humble--the man wi
is not willing to be even "a door-keepe
for the salvation of his country-is not p'
riot, is not true and faithful citizen, y n
worthy of either honor or confidence al
much less of the command of ar army
Away with them in dishonor arl disgre'
Let him be honored who will faihiuIly s'fV'
wherever he is called, from tn humoi's' ia
in the ranks of the army tone higAest on
Ger in command or in civil ositlon'' VIVA
ever it be, Act well yor par'' 'nere all u
/ honor lies" That is u lesson would b
| upon the children Ioeiieve there is not
/ man or woman in V'mont who did not lear
it long ago.
The weather ibad, most decidedly, f'
military movem,ts; damp and warm for tt
H. season, bat fo,y rather than sunny-so ii
II mud is perpeAted'
| observeAat some of the Vermont papel