Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1869-03-17
From our New York Correspondent.


NEW YORK, March 10, 1869.
The excitement OF the week has been MI Stew
arts appointment to the Secrotaryshipoi Finance,
and the unwilingness on the part OF The senate
70 repeal the law Of l7eO, which i0rbids man
of Mr.. Stewards position to hold the said olhse
The apprehended difficulty is settled by the res
irnation offered by that gentleman aud its accep-
lance on the part OF the President dare say a
great many merchants felt considerably relieved
when they heard the intelligence Of Mr. Stewart y
action, and it must he confessed that even the
measure proposed by the millionaire,-to tuns-
fer his business temporarily 10 the charge OF
trustees would not be satisfactory to the COM
mercal interests Of the country, in as much as 1t
would not the less enable the Secretary of Finance
TO give valuable information to the trustees OF his
firm, and thus monOpolizo the trade OF an impnr
| tant hnnch Of our commerce.
Your readers are already aware OF the Tenure
i-Ofcc act having passed the House by an over
whelming majority, and It Is expected thnt tn'
Senate will soon follow the example OF the House
thus reinstating the President Of the United
States into all his former privileges, and dong
away with a measure which had only been adopt
ed hy the last Congress in order 10 put check To
! the mad proceedings Of the mln who has Tor al
most four years disgnced the Presidential chair.
In previous letter believe have mentioned
the difficulty existing between Assessor webster
and the bankers aud brokers who are doing hu--
ness with borrowed capital and who are unwilling
! % pay taxes ON the same. This quarrel Is not
ended vet, but Mr. Webster has the moral right
and public opinion ON his side, and the Courts
will hardly be able 10 decide otherwise than in
compliance with the assessors views. 10 may De
asserted as a general fact all over the United
States. that the middle and poor class pay much
higher rate Of taxation than the rich or those who
pretend to be wealthy. The example, inaugural
ed hy Mr. Webster, commcnds itself, therefore
10 imitation in other parts of the Union, ana his
system, IT faithfully and skiliully carried out Will
he the cause Of considerable Increase ol the pub
lie revenue,
The present winter has been remarkable Cor
severe storms on the Atlantic ocean, and almost
every day brings the report OF new disasters which
have occurred on the Wutcry element. About
/ ten DAYS ago q vessel entered our port which had
been not les than four months between London
and New York, and yesterday we heard by telo-
graph ola Bremen vessel with one hundred and
ten passengers which had leit the hitter port last
/ November, but had b. take refuge in tayul
! Azores } and Is now on her why t1 New York
since the 10Th Of last MONTH NJ thc said vessel
does not arrive within the next few days, there j..
reason TO apprehend fatal accident Co The vessel
/ in question Sailing vessels for carrying eui
! grants should be, aud in all probability Will De-,
| done away with before many years are over. The
rates Of passage on steamers are almost equal 60
| those on sailing vessels, and there ls 900 reason
why sailing vessels between this and European
ports should be used for other purposes than that
Of carrying freight,
! The principles laid down in Mr. Lincoln 5
Emancipation procamation and the provisions
| of the XIV Constitutional Amendment are but
/ slow, in some instances a. find acknowledgement
when tested in practical life We have ana I'M
stance before the Court Of Common Pleas Mt pres
ent, which justiiies this assertion. c1lored
woman and her daughter had been sent by "a
Northern company as teachers among the negroes
u al