The Salmon P. Chase Papers - Vol. 3

By John Niven; James P. McClure et al. | Go to book overview
Save to active project
Keep me fully posted as to what you do, and do not expect too much of me in the way of letters. You know my engagements.8Yours S P CHASE Wm. P. Mellen Esq.
Mellen, who was drumming up support in the Ohio Valley states for Chase's bank bill, had written from Chicago on January 11 to lament the evident ill treatment by the Committee on Ways and Means of Chase's financial program, especially the national bank plan. Noting "confident statements of various correspondents that you are about to resign," Mellen encouraged Chase to remain in the Treasury. Mellen to Chase, Jan. 1, 11, Feb. 2, 1863 ( Chase Papers, Hist. Soc. of Pa.).
The finance hill, H.R. 659.
The second legal tender act, that of July 1862.
By the terms of the ways and means bill as finally approved in March, the interest- bearing Treasury notes issued under the act would be legal tender for their face value "to the same extent as United States notes" (greenbacks). Chase had suggested this provision to Elbridge G. Spaulding's subcommittee. Statutes at Large, 12:710; Chase to Spaulding, Jan. 22, 1863 (Letters Sent to Committees of Congress, Gen. Recs. Treasury Dept., Nat. Arch.).
Here Chase meant the U.S. notes intended for the pay of the military. The joint resolution of January 17 provided for $100 million in notes; the committee's bill for H.R. 659 increased the figure to $300 million; the bill as finally passed incorporated Chase's recommendation, which reduced the number to $150 million. Chase to William P. Fessenden, Jan. 7, Chase to Elbridge G. Spaulding, Jan. 21, 1863 (both above).
Regarding the taxation of bank notes and the "Pet Bank" provision, see Chase's letter of January 21 to Elbridge G. Spaulding (above).
Chase's bank bill, H.R. 656.
Mellen had written: "I think you might spare a few minutes to me occasionally to keep me posted as to your views wishes and plans, so far as I can be useful in promoting them." Mellen to Chase, Jan. 11, 1863 ( Chase Papers, Hist. Soc. of Pa.).


Letterpress copy of autograph letter. Chase Papers, Historical Society of Pennsylvania (micro 24:0922).


Washington Jany 98, 1863

My dear Sir,

Why don't you who can so well point out the path in which others ought to walk do your part towards the great & indispensable work of establishing a uniform currency? A breaking up of the Cabinet would hardly, I fear, in these last days of the Session promote the success of the legislative measures without which the President can hardly expect to carry on the war or any thing else very successfully in face of the opposition he is likely to encounter.1 Let us get the measures necessary to the success of any Republican Admn. adopted; and then let the Cabinet? be reconstituted if you will. The sooner I for one am reconstituted the better. I have neither love nor taste for the position I occupy; and have only two great regrets connected with it--one, that I ever took it;


Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this page

Cited page

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
The Salmon P. Chase Papers - Vol. 3
Table of contents

Table of contents



Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 452

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?