Winchester daily bulletin. [volume] (Winchester, Tenn) 1863-1863, 1863-05-03
Extract from the Speech Of Fer
nando Wood.
from the y. Y. Times, April 9th.

The country is in revolution
ave, in two rcvolutions-a revolution at the
South, prosecuted by the sword, and s revolu-
tion az the North prosecuted by legislative
md executive usurpation. The latter is much
more insiGious, more destructive, more to
be feared by the people than the former The,
South wages war against the government ty
o9en, manly, 1efsn' action. The other reyOs
luton at the North, under an absolute govern
ment wages war. first by exciting and intoT'
eating the public mind by appeals to patriot.
ism, and then, when the public mind has COM
mitted itself fully and entirely to one cIuse
that nf re-union-it is sUhvertad and used fer
smother purpose, unconstitutional inhuman.
and destructive Of the government under
which we live. And it l., my friends, this
latter effort 10 revolutionzo our govcrnmcn.
nnd destroy 0uc institutions, that we in my
Judgment, are roe. 20 night to resist. And,
nv fricuds, we resist an inmrnse VOWer. No
party, no ootcnt2te, no administrator ever mas
:ai for its support 4 combination of such pow
crful lnterests as this. In ordinary times IT,
same interests, tnc same elements OF society
concentrated in behalf ot any Administration,
would be sufficient to sustain that AdmniStra-
ton under ali circumst 'nccs, and Mt all times.
Now. what ara these elements which sustain
the interests which tdiS Admintstrati N Las
succeeded in combining 70 IFS support Listen
10 mo fer moment, NY friends, while give
them TO yon in detail. The Administration
first have the whole barking Interests Of the
country at their command. At the breaking
.sut Of the war, two years ago, they effected 4
loan here for Sl50,000,0O0, in three install
ments OF $50, 900 each. The whole coun-
try was aroused to sustain the Administration
in what was believed to be an effort to sUS-
tain the government against the reb"jIIon.
Our banks went into it. This movement On
trely absorbed the whole banking capital o.
the country. Then followed mp the ABSORPTION
Of the whole banking capital Of the country,
withdrawing it from its Legitimate junction oi
trade we find the Secretary of the Treasury
appealing to Congress to pass law TO entirely
ignore and abolish the State banking lnStltn'
ti0Ns, placing them entirely unaer cohcrloo-
TORS to the Federal Geverncaen+. we nave
in the City of New York banking capital OF
about S75 ,00O, 600, ard these figures procured
today in official quarters-;he eTtlre banhIng
capital of the City of New York IN S'o Ooo,-
600, and the banks Of the City CT New oEN
hold to-day SIS 100000 ofGovernment 5ec"rI-
ties, and arc pledged to loan the goyernmea'
SIS 900, ,O1G IN addition. Thus We hnd mat
Nne Government DiHNc ia.u ui!u'' =. i''' '''
and have rendered directly ameaabe to tAam,
the entire banking interest of The coEn'rY
Thus it is. my friends, that he'bank-a great
power in this conmunlty--a great power IN
North Auerca-thus the banks. irSt, because
their whole existence is lain at the feet Q: TINS
Administration, (becaue when the Aan!Hia
tration goes down they go i0wni} th"s -
banks, from fear Of future aud tH"H9r u
c.oaehmcnts np7n their trtc"o' :, are "Hj' -
rec,lv instrumental N SUSTAINING - ~ N.'' o. -
cause they are cen. peIltd 10 sustain '.., q ,s'
ministratior.
But this Is notall. That Is o]cnar.''",:.. n
Sne, pledged and bound hana ani 700, to S"o-
tain the Administration in this aggr'@ =, %ar
rc,ic- rs nov, 2oudVcteG -coyGpe'lG1 from no
tves Of self-intoreat, tro,n MdtT"' 81 'e''.--
Secondly, the whole railroad interest OF tho
country is ir favor Of vigorous prosecution
Of the war. The railroads never carried as
much freight--never carried as many passon-
gers. The receipts of all kinds. OF every road
In tho country. for he last two years, have
been greater than for any five years previous
,ince her existence. And as to the great cen
trail railroads of Maryland Pennsylvania and
New York--ths Baltimore and Ohio Raiiroaa,
the pennsylvania Central Railroad, the New
York and Erie and tho New York Central
thier receipts have been stupendous arising
kou tie vss. The var closed the Mississippi
river and the tributary voters, and closing tn'
Mieisiprl Yiver closed the great chaDne! Wn!ch
soey1ed Ne Immense products OF the "es'