The Wisconsin Magazine of History, Volume 1, 1917-1918Various
History
The Wisconsin Magazine of History, Volume 1, 1917-1918
Various
Wisconsin -- History -- Periodicals
[1] The author of this narrative is a native of Rice Lake,
Wisconsin. His father, James Bracklin, was for over thirty
years superintendent of logging and log-driving for the
Knapp, Stout, and Company lumbering corporation. Under his
tutelage the son received his training for his life-calling
of woodsman and lumberman. The present narrative was
prepared in the form of a letter to Mr. Henry E. Knapp of
Menomonie, to whom we are indebted for the opportunity to
put it into print.
BANKERS’ AID IN 1861-62[2]
BY LOUISE P. KELLOGG
When the news of the firing upon Fort Sumter aroused the North, all
eyes were turned upon New York, not only as the monetary center of the
country, but as a city most closely allied in financial interests with
the South. The moneyed men of that city responded to the country’s
danger. Upon the stock exchange cheers were given for Major Anderson,
and April 17, 1861, resolutions were passed pledging the loyalty of
the institution to the government. Anderson and his command from Fort
Sumter reached New York on April 18, and on Saturday, April 20, a
monster mass-meeting was held in Union Square, where five speaker’s
stands had been erected. The resolutions adopted at this meeting not
only pledged the loyalty of the city, but provided for a Union Defense
Committee, comprising thirty of the most prominent financiers and
bankers headed by General John A. Dix, recently secretary of the
treasury under President Buchanan. The mayor and the comptroller of
the city were ex-officio members of this committee. The city council
appropriated $1,000,000 for the immediate needs of the New York
troops, and raised the funds by the sale of Union Defense bonds. The
Committee of Union Defense acted ex-officio as a federal agent,
attending to the equipment and dispatching of regiments, purchasing
steamers for transportation, feeding and sheltering the troops,
without waiting for the action of the federal authorities. At one time
three members of the committee were entrusted with $2,000,000 federal
money without security or compensation. By these means the Seventh New
York
Regiment was dispatched for the protection of Washington, and other
troops were moved toward the front. The Union Defense Committee was
maintained for about one year. Its later duties were concerned with
the care of funds raised for the benefit of the volunteers and their
families. It collected and disbursed for this purpose about
$1,000,000.
Public-domain text, read in full here on John Shaqi.
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