Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1863-02-27
FRIDAY, Feb. 20.
Military appointments.

Military appointments
The Senate yesterday confirmed the follow .
ing appointments in the volunteer force;
Paymasters-- William Collamer and Stephen .
A. Walker Of Vermont dating from Novem-
Der /, 1862.
Assistant Quarter Master, with the rank
Of Captain-A. S. Dewey Of Vermont, dating
from November /, 1862.
Surgeons Socrates A. Sherman Of Yer
mont
Assistant urgeons-Harley p. Mathewson
and Henry James Of Vermont.
Commissaries Of Subsistence, with the rank
Of Captain-George e. Graves Of Vermont,
November l. 1862 Alder, Walker Of Yer
mont, November 20, 1862.
National Currency b.
The House to-day considered the bill to
provide national currency. Amendments
were cut off by the previous question, which
was seconded on very close vote, when the
bill was ordered to third reading, s3 to 81,
and will be passed by like vote before the
House adjourns to-day. The Vermont DE
legation in both Houses voted as unit a.
ganst this bill; not, however, from any want
of zeal to aid the treasury. or opposition to a
sound and uniform national currency. Both
Of these objects are highly desirable, and the
first is Of the gravest Importance. But. the
bill, in their judgment, will fail CT aiding the
treasury to any great extent, for the reason
f.. g.. aulru
and capitalists 20 invest in government bonds
as basis for banking. Nearly all Of the
country banks rely upon circulation as a
source of profit, and they are generally allow
ed to issue bills to the amount Of double their
capital or 200 per cent This bill allows
only 90 per cent, and moreover requires a
reserve Of rs per cent. Of the capital This
statement is sufficient to demonstrate that
the country banks have very strong induce
ment to reject the treasury scheme. Bat the
scheme is to be tried | venture to predict
that it will have 10 be changed materially, in
respect to the amount Of notes allowed for
circulation. before it will be acceptable out
side of the cities Whether this system is to
be forced, by heavy taxes upon the state
banks, remains TO be determined. Up to this
time the House has persistently refused.
shall not be surprised if it yields at last
Cotton Culture.
The Secretary OF Treasury has made re-
port on cotton culture in South Carolina up
to June last, when the business was handed
over to the War Department. The amount
received by the Treasury wa, s726,9s4 10
Amount expended for implements,
trans portation and labor, 225 705 81
Profit to the Treasury. S50l,27s 7e
A profitable business. Moreover, if the
above expenditure was s3l $40 II for steam
: boat, which the Government now owns, and
is said to be worth more than it cost, At this
rate, fancy that cotton culture will be NOR,
( profitable TO the treasury than banking.
believe, however, that less attention is now
! being paid to cotton, aud more to corn, tC
feed the negroes. In the above account
presume is included the cotton found wher
our troops took pos ession.
Prizes Seized.
Three hundred and sixty vessels have beer
seized by our blockaders. sc. OF these cases
lls have been decided by the Courts. TIL,
amount Of money realized is S2O26,44!
Costs and expenses, 2lS,42.
$ Net for distribution, l,769, 54C
e