Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1863-05-14
.N'OrtHes.ss $ V'eacs.
SD ~ --.- s'sii srsr17ssE
Extract from lle Speech ief Fer.
Eando Wood, in. New York City.
From the New York Times, April slh.

N ieats ht- - Httaf'l - N---ts7 49,
: nando Wood, in, New York City.
: From the New York Times, April slhs
The country Is 10 a revolution :
aye, in two revolutions resolutio
! at the South prosecuted by the swol,
+ and a. revolution al the North prose
cuted By legislative and cxecntiy
usnrpation. The latter is muc
, more insidious, more DESTRUCTIVE,
more to be feared by The people thal
| the iormer. The South wages wa
against the government by open
manly, defiant action The othej
government, at the North, under al
absolute goyernmsnt, wages war, frs
by exciting and intoxicating the pub
lie mind By appeals to patriotism
and then, when the public mind ha,
committed itself fully and entirely
to one causs-thato of reunion lit i
subveited and used for another pur.
pose, unconstitutional, inhuman, and
destructive Of the government under
which We live.aoAnd it is, my friends,
this latter effort to revolutionizs our
government and destroy our .institu,
tons, that We, 10 my judgment, are
met tonight 10 resist And, my
f.iends, we,resist an immense power.
No party, no potebtate, no admins
tratioh hHs ever mad Tor its support q
combination of such powerful inter-
ests as this In ordinary times, the
same Interests, the same elements of
society concentrates iiD behalf of any
administration. would be sufficient to
sustain that administration under all
circumstances, and al all times. -
Now, what are these elements which
sustain the interests which th,s ad.
ninistraiion has succeeded 10 com.
biniDg to its support sd Listen TO me
fora moment, my friends: while lgisel
them to ycu 10 detail. The admin
istration FIRST have the whole banking.
interests Of Che country at their
command. AT the breaking out Of
lhe war, two years sgo, theyeffecteda
loan here for $l50,O0c, 900, in three
instalments Of $4,000, 900 EACH
The whole, country was aroused to
sustain the administration in what
vas believed TO be an effort TO sus-
ain the government against the REL
,eilion. Our banks went into it.--E
This movement entirely absorbed /,
he whole banking capital of the |
country. Then followed up the. ab-
orplion Of the whole banking capi.
al Of thv. country, withdrawing it
rom lis Legitimate function Of trade, 1
We find atheI Secretary Of the T'rsasu-
y appealing1lo Congress to pass a
aw TO entirely ignore and abolish the
State banking instil ufions, placing
hem entirely under contributions tof
he Federal government. We have
o the City Of New York a banking /
'apitaI of SIS, 900, 900, and these
iguies procured today in, official
Iuaricrs--the entire banking capital
t the City Of New York is S7i55,-- -ff {
100, 600. and the, banks Of the City
+ New York hoN to-day $4,000, =
100 Of government securities: and 4
re pledged 10 loan the government
20. 900, 900 in ADDITION. e Thus wei
ind that the government have laidi'
nder contribution, and have render! q
d, directly amenable to them, athel
ntire banking Interests Of the coun-
rs. Thus tits, myIfrieuds, that The. 4
anks--a greatpowerinthis commu.
great power ip North Amer
the banks, first, because
heir whole existence is laid at thelt
'et Of the administration, {becanse
hen the administrations goes down n
hey go down thusthe banks Iromlr
Jar Of future and further senoroachs I
tents upon TIER interests, are made |
irectly instrumental 10 sustaining 9
,js. war because they arel compelled Il
sustain this Administration. go In
But this IS not all. That is Gle lg
ent number one, pledged and bound e
ind and foot to sustain the admin v
tfaiion in this ageressivesHss poll G
as novconducted : compelled frqmi q
olives Of se.finterest, from motives Ig
!ear.sd Secondly, the whole rail. a
ad interests Of the country IS 10 G
vor Of a vigorous prosecution Of b
10 var. The sailreads never car. b
ed as mpsh freight y never carried Isl
many passengers stTbe receip.sit,
all kinds, Of every road in The is