Wood was elected as a Republican to the Fifty-fourth Congress (March 4, 1895 – March 3, 1897). He was an unsuccessful candidate for reelection in 1896 to the Fifty-fifth Congress. He resumed the practice of law in Effingham, Illinois. He served as president of the Effingham State Bank 1903-1912, and chairman of the board of directors 1912-1915. He died in Effingham on August 27, 1915. He was interred in Oakridge Cemetery.