Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1863-05-14

5--- ~ 49, ~ m - = Z
Country, for the last two years, hay
been greater than, for any five yea!
!. previous, since their existence An
as to- the great central railroads 0
Maryland, Pennsylvania and Ne
York-the Baltimore and Ohio raj
road, the Pennsylvaaia central rail
, road, the New York and Erie and th
New York. Central-,heir, receipt
have been -stupendous, arising. fror
the war. The war closed the Mis-
sissippi and the tributary waters, an,
closing the Mississippi, river close,
the great channel which carried th'
immense, products Of The West dow
to the Southern markets. Thes,
products. were forced across to the
Eastern markets, and the imme9st
cost Of freight went into the treasu
ry Of these railroads. When the
war ceases and the Union is restored
and the Mississippi river is opened
the receipts of these railroads
these immense and powerful roads =
will fall off fifty per cent. Now, my
friends, have not these roads an iu-
teresl 10 the vigorous prosecution Of
the wal2 You will find ID the leagues
-.
and public, meetings that are caged
to sustain the Administration in the.
war-you will find your baak presi-
dents from one lcluse. and your rail.l
road presidents and directors from
another cause all these interests,
though, acting from opposite impuls-.
es and opposite interests. have all
converged TO the same point--in fa.i
yor Of the patriotic and disin.erested
support Of the government, Well,
my friends, there is another interest
that is exceedingly patriotic -New
Eugland. New England, that before
the commencementgof this war, sub-
sisting, as she does, entirely upon
her manufactures, she had her best
customers iothe South, no.Rithstana.
ing her politics, Notwithstanding her
hypocritical professions of hatred, of |
the institution ofslayefy. New Eng.
aud has been supported for hun
fred years by the Institution Of sla.
very, and she held slaves herself un-
i! is.cessed to be profitable, and when
she could make no more money out
Of slave labor, she, turned philan-
!hropic and SET lher, negroes free
Now, since the War broke oul, the
custom has quit. She now
iuds a profitable substitute in get
ing contracts from the government, +,
nd inj supplying the prms and receiv-
ng immense disbursements of the
'ublic money: And so long as New
England can participate 10 the dollar,
o long as she can participate in the
'roaigate expenditure of the public ,
money, by the hundreds and hun ,
reds. Of millions, just so long will {
sew England be patriotic and go fer t
vigorous prosecution Of the war s
Yell, my friends, there is another /
y
interest that gocsfo for the war. There {
!, ir this commercisl community, a I
,rge class called the debtor oIass.-.lt
bur American characterris peculiar. q
Fe are commercial, enterprising. am.
itious, overreaching. ] A man makes
hundred dollars and be inrests it, si
nd a bnndred oo oredi, for tbe pur.l :
sesof sGoubIing;it. We are always !
i debt. Z New York, Boston, P6ila-] I
elphia, indeed ell the great cities Is
ow 10 the free States, are laden down I
ib debt. This debtor class see. .
bat by q continuation Of the var T t
here mustbe continuation of The c
nblic expenditure. 4 And By a con- +
nuatiou Of the public expenditure s
,e government > must increase its1 i:
ebt, by the expansion Of its credit. q
ecause it has no receipts scarcely !; d
ono, net derived from credit by the Fl
Ieauso of the issue Of legal tender a