David Levy Yulee An accusation, frequently brought against the seceding states just prior to the outbreak of the war of Northern Aggression, was that the so-called railroad class wanted secession for financial ends. It is true that, at this time, the Florida Railroad owed one firm in New York three-quarters of a million dollars. Heavy stockholders in the railroad were Floridians active in furthering secession. David Yulee, U. S. Senator, was President of the railroad and a prominent figure in the secession movement. Since 1850, more than $8,000,000 had been expended for the construction of railways in the State. A considerable portion of this sum had been contributed in the form of bond purchases, by capitalists in the North. Would secession mean necessarily the wiping-out of honest, bonded indebtedness? Thus, we observe the possibility that, in this tragic and complex crisis of the Souths history, the selfish and sinister designs of a few Southern and Northern capitalists helped to arouse the passions and honest prejudices of the American people.
Posted on: Sun, 20 Apr 2014 02:52:14 +0000
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