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CHAPTER XXIX.
The Temporary-loan System-Its Usefulness-Certificates of Indebtedness-
The Five-twenties-Condition of the National Finances June 30, 1862—
The Public Debt-Consequences of the Suspension of Cash Payments
CHAPTER XXX.
Letters and Extracts from Letters written in 1861-Of Appointments in the
Treasury Department-Emancipation a Probable Result of the War-Na-
tional Loan-Emancipation Proclamations by Commanding Generals—
Duty of Government to provide a National Currency-War Department
Expenditures, 1861-What Mr. Chase thought of Mr. Cameron
CHAPTER XXXI.
Condition of the State Banks in 1861-Character of the State-Bank Circulation
at the Date Brief Account of the State Banks (Note)-Mr. Chase recom-
mends the National Banking System-Extracts from his Report, December,
1861-National Banking Bill introduced in House of Representatives, by
Mr. Hooper, of Massachusetts
PAGE
269
. 274
282
CHAPTER XXXII.
Mr. Chase renews his Recommendation of a National Banking System, Decem-
ber, 1862-Debate upon the Bill in House and Senate-Final Passage of
the Bill, February 25, 1863-Principal Features of that Bill-Organization
of National Currency Bureau-Amendatory Act of 1864-Discussion in
Congress-Bank of Commerce-Abstract of the Amendatory Act-Oper-
ation of the Act-Taxation of State Banks-Present Condition of the Na- tional Banks
293
CHAPTER XXXIII.
The Morrill Tariff-Tariff Amendments-General Revision of the Tariff of 1861
-Tariff Receipts-Internal Revenue Bureau created-The Direct Tax-In-
come from Internal Revenue-Commerce between Loyal and Insurgent
States-Embarrassment of the Subject-Mr. Chase's Views-Proclamation
of Blockade, and Suspension of Internal Commerce by the President-
Acts of Congress on the Subject-Policy of Mr. Chase "Trade shall fol-
low the Flag"-Advance in the Price of Cotton, and Abuses occasioned
by Eager Desire for Traffic-Necessity of the Internal Commerce-Regu-
lations for its Government-Origin of Freedmen's Bureau-Magnitude of
the Internal Commerce System-Corruption among the Officers-A Painful
Instance of this
CHAPTER XXXIV.
Recommendations of Mr. Chase in Respect of Economy and Taxation-Income
from Taxes during Mr. Buchanan's Administration-Internal Revenue and
812
CONTENTS.
Tariff Acts-Income from those Sources-Extracts from Letters of Mr.
Chase to Mr. Fessenden
xiii
.830
CHAPTER XXXV.
Loan Acts of Congress-Fractional Currency-The "Seven-thirty National
Loan" of 1861-The "Five-twenties "-Probable Results of offering them
to Capitalists-Ninety-seven to Ninety-eight Cents for the Dollar-Declines
to submit to such a Loss-Appoints a General Subscription Agent-Brill-
iant Success of the Agency-The "Ten-forties" fail-Some Facts about
the War-Summary.
. 838
CHAPTER XXXVI.
Advance in the Premium on Gold during 1862-Extraordinary Fluctuations in
1863 and 1864-Efforts to control the Premiums by Treasury Sales-Their
Failure-The "Gold Bill" of June 17, 1864-Its Disastrous Effects-Fever
in the Gold Market-Mr. Chase's Resignation-The Highest Figure of the
War, 185 per cent., July 11th-Repeal of the Gold Bill-Government Sales
of Foreign Exchange and Gold Certificates-Failure of all these Measures
-Table showing Average Premium on Gold for Five Years
356
CHAPTER XXXVII.
Letters and Extracts from Letters of Mr. Chase written during the Year 1862. 863
Letters and Extracts of Letters written between January 1, 1864, and June 30,
1864
898
CHAPTER XL.
Summary-Mr. Chase's Financial Objects-To obtain Supplies-To provide a
Permanent Currency-To provide a Funding System and secure Controlla-
bility of the Public Debt-Objections to Long Bonds-To secure Early Re-
sumption-General Effects of his Measures-Letters to Colonel Van Buren
and Secretary Fessenden.
406
CHAPTER XLI.
1861.
Mr. Chase and the War-Extracts from his Letters and Diaries
The Assault upon Mr. Seward in 1862-Resignation of Mr. Chase-Withdraws
it and resumes Office-Is a Candidate for Presidential Nomination in 1864
-Hiram Barney-Republican Party in New York-Quarrel over the Cus-
toms in New York-Congressional Investigation-Arrest of A. M. Palmer
-Frank Blair's Speech in the House of Representatives-Official Patron-
age-How it is dispensed-Assistant Treasurer's Office in New York-Res-
ignation of Mr. Cisco-Difficulty in finding a Successor-Resignation of
Mr. Chase-Death of Chief-Justice Taney-Mr. Lincoln nominates Mr.
Chase to be Chief-Justice.
478
CHAPTER XLVI.
Mr. Lincoln and Mr. Chase-The Presidency and Mr. Chase's resignation.
CHAPTER XLVII.
Mr. Chase and the War-Reconstruction and Restoration
CHAPTER XLVIII.
Capture of Jefferson Davis-Its Embarrassment-Of what he was charged, and
the Punishment that might be inflicted-Why Mr. Chase refused to hold a
Court in Virginia-Relation between Civil and Military Power-The Inde-
pendence of the Judicial Department-The Question of admitting Mr.
Davis to Bail-A Letter of Mr. Chase on the Subject of the Davis Trial-
Holds Court in Raleigh, June, 1867-Sickles's Order No. 10-Proceedings
in Davis's Case at Richmond—Is pardoned
CHAPTER XLIX.
Universal Suffrage a Necessity of the Republican Party-The Excommunication
of the President-General Grant for President-Object of the Impeach-
489
514
533
ment-Ashley's Effort to bring it about-The Stanton Matter-Removal of
Mr. Stanton, February 21, 1868—Consequences of-Prompt Impeachment
of the President-Questions touching the Powers of the Chief-Justice in
the Trial-Their Settlement-Excitement-Torrents of Lies and Abuse
Henderson, of Missouri-The President's Acquittal.
CHAPTER L
XV
. 546
The "Chase Movement” among the Democrats in 1868-The Fitness of that
Movement-Its Spontaneousness-Letter to Mr. Belmont-Advocacy by the
Herald of Mr. Chase-Friends of Mr. Chase in the New York Convention
-The Platform-A Half-vote for Mr. Chase-Excitement-Nomination of
Governor Seymour-How Mr. Chase received the News-Partisan Misrep- resentation-Mr. Chase's Views-A Letter of Governor Seymour
CHAPTER LI
Letters of Mr. Chase upon Impeachment and the New York Convention.
CHAPTER LII.
. 560
574
Mr. Chase's Religion-His Simple Habits-Hospitality-His Modesty-Love of
Truth and of Justice-His Vast Labor-Description of the Treasury De-
partment-Organization of New Bureaus-Rule about Women-Personal
Characteristics-His Interest in Military Matters-Financial Beliefs and
Accomplishment-Political Action-As a Member of the Cabinet-As a✔
Lawyer-Personal-His Property
594