The Salmon P. Chase Papers - Vol. 3

By John Niven; James P. McClure et al. | Go to book overview
ury notes which I shall have power to use after the expiration of the thirty days advertisement of the loan of June 1860, it seems to me that the interests of the country require that I shall avail myself of the offers for Treasury notes at par instead of accepting bids for bonds at any rates likely to be offeredWill you be good enough to see the Committee of the Chamber of Commerce charged with the duty of obtaining subscriptions to a Treasury note loan, and ascertain their views. Consult also other leading financial gentlemen in whom you have confidence.Will it not be best to avail myself now of the subscriptions obtained by the Committee and especially of the offers from Boston, Providence and Philadelphia, and defer the acceptance of bids for bonds until after the meeting of Congress, when undoubtedly a larger discretion will be given to the Department than is now allowed.2Cannot offers for Treasury notes be made, either at the same time, or as alternatives to offers for bonds? Cannot bids be made, say a specified rate for bonds, and for the same amount at another specified rate not below par for Treasury notes, with the assurance from the Department that the highest bids so made will be accepted either for bonds or Treasury notes at its option? To afford an opportunity for such bids will it be useful to extend the time for opening say till Saturday next?It is thought very important by leading Senators and Representatives that no loan be negotiated before the meeting of Congress, below par; and if this end is to be accomplished it will be absolutely necessary to accept offers for Treasury notes.I am not insensible to the disadvantage of this course, and shall prefer, if entirely at liberty to consult my own judgment, to accept bids for bonds at any reasonable rates. Still under all the existing circumstances, as I have already said, it seems to me best to place Treasury notes at par rather than accept bids for bonds at any rates now likely to be obtained.I enclose to you a Notice to be appended to the advertisement for the 9.000.000 Loan, unless after consultation with our best informed friends, you shall think it clearly unadvisable to publish it.3Yours truly S. P. CHASE. John J Cisco Esqr Assistant Treasurer.Telegraph to me tomorrow briefly the result of your consultation with our friends. If no serious objections appear have the notice appended to the advertisement in each paper publishing it on Sunday and every following day till Saturday that full information may be given.
1. Chase intended to offer a $9 million loan authorized by the act of February 8, 1861, as discussed in his letter to Samuel Hooper, April 27, 1861 (above).

-65-

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

Table of contents

  • Title Page iii
  • Editorial Advisory Board v
  • Contents vii
  • Acknowledgments ix
  • Chronology xi
  • Introduction by John Niven xv
  • Editorial Procedures xxiii
  • The Correspondence of Salmon P. Chase, 1858-March 1863 3
  • From Theodore Parker 4
  • To Gerrit Smith 7
  • From Joseph Medill 8
  • From Joseph Medill 11
  • To Abraham Lincoln 13
  • To Edward L. Pierce 14
  • To Charles Sumner 16
  • To James Monroe 18
  • To Joseph H. Barrett 20
  • To Thomas Spooner 22
  • To Richard C. Parsons 23
  • To Abraham Lincoln 27
  • From Edward I. Chase 28
  • To Robert Hosea 29
  • To Charles A. Dana 32
  • To John Greenleaf Whittier 33
  • To Ruhamah Ludlow Hunt 35
  • To George G. Fogg 37
  • To Benjamin F. Wade 40
  • To Winfield Scott 42
  • To George Opdyke 43
  • To Abraham Lincoln 46
  • To Norman B. Judd 48
  • To Abraham Lincoln 52
  • To William H. Seward 53
  • To Abraham Lincoln 54
  • From Richard Ela 55
  • From Henry W. Hoffman 56
  • To Hiram Barney 59
  • To Abraham Lincoln 60
  • To Samuel Hooper 61
  • To Alphonso Taft 62
  • To John J. Cisco 63
  • To William P. Mellen 65
  • To Jacob D. Cox 66
  • From Hiram Barney 67
  • To John Austin Stevens, Sr. 68
  • From Thomas M. Key 71
  • To George B. Mcclellan 73
  • From Jay Cooke 74
  • From Green Adams 76
  • To William P. Mellen 77
  • From William Nelson 79
  • From Green Adams 80
  • To John C. Frémont 83
  • To Charles P. Mcilvaine 89
  • To William Nelson 90
  • From Joshua F. Speed 91
  • From Garrett Davis 92
  • To Green Adams 94
  • From Joseph Medill 95
  • To William Tecumseh Sherman 97
  • To William Tecumseh Sherman 100
  • To Kate Chase 101
  • To James H. Walton 102
  • To Hiram Barney 103
  • To Abraham Lincoln 105
  • To Richard Smith 106
  • To Simon Cameron 107
  • To Cornelius S. Hamilton 110
  • From John J. Cisco 111
  • To John J. Cisco 112
  • From Edward L. Pierce 113
  • From William H. Reynolds 115
  • To John Austin Stevens, Sr. 118
  • From Edward L. Pierce 119
  • To Kate Chase 120
  • To Thaddeus Stevens 124
  • From William Sprague 129
  • From Mansfield French 132
  • To M. D. Potter 135
  • From Edward L. Pierce 136
  • To Hiram Barney 138
  • To James Monroe 141
  • From Edward L. Pierce 142
  • From Mansfield French 143
  • From Edward L. Pierce 146
  • To William P. Mellen 148
  • To Bradford R. Wood 151
  • From Edward L. Pierce 158
  • To Edwin M. Stanton 159
  • From William Nelson 166
  • To Jay Cooke 171
  • To Thomas M. Key 171
  • From Alexander Hays and James W. Hays 176
  • From Ormsby M. Mitchel 177
  • From Edward L. Pierce 178
  • To Jay Cooke 181
  • From Mary Peabody Mann 183
  • To Janet Chase 184
  • From Edward L. Pierce 185
  • To Janet Chase 188
  • From Edward L. Pierce 191
  • To Janet Chase 192
  • From Edward L. Pierce 197
  • To Edward L. Pierce 200
  • To David Hunter 202
  • To Murat Halstead 204
  • To Edwin M. Stanton 205
  • From Joseph Medill 206
  • To Irvin Mcdowell 207
  • To John Murray Forbes 209
  • To Edward L. Pierce 211
  • To Benjamin F. Butler 217
  • From George S. Denison 220
  • To William P. Fessenden 225
  • To Thaddeus Stevens 226
  • To Richard C. Parsons 228
  • To Edward Haight 229
  • To Benjamin F. Wade 233
  • To Benjamin F. Butler 234
  • To Edward L. Pierce 235
  • From William S. Rosecrans 239
  • To William Cullen Bryant 242
  • To Jay Cooke 246
  • From George Bancroft 249
  • From Robert Dale Owen 251
  • To William M. Dickson 254
  • From John Q. Smith 256
  • To William Cullen Bryant 258
  • To George S. Denison 261
  • From John Sherman 261
  • To John J. Cisco 265
  • To Horace Greeley 266
  • From John E. Williams 268
  • From Horatio G. Wright 270
  • To Alexander Sankey Latty 273
  • To Zachariah Chandler 275
  • To John Sherman 276
  • From Ormsby M. Mitchel 279
  • To Oran Follett 283
  • From William P. Mellen 284
  • From John Sherman 285
  • To John Jay 286
  • To William P. Mellen 287
  • To Ormsby M. Mitchel 288
  • To Napoleon Bonaparte Buford 289
  • From William Sprague 294
  • To Winfield Scott 297
  • To Jay Cooke 298
  • To Abraham Lincoln 299
  • From Hiram Barney 301
  • To William S. Rosecrans 302
  • To Hiram Barney 304
  • To Benjamin F. Butler 305
  • To Ezra Lincoln 307
  • To Richard C. Parsons 309
  • To George Opdyke 314
  • To Joseph H. Geiger 316
  • To Benjamin F. Butler 317
  • To Abraham Lincoln 318
  • From Benjamin F. Butler 320
  • From James A. Hamilton 331
  • To Joseph Medill 333
  • To Benjamin F. Butler 334
  • From George Opdyke 338
  • From Abraham Lincoln 340
  • To William H. Seward 341
  • To Thaddeus Stevens 342
  • From Simon Cameron 343
  • To Abraham Lincoln 344
  • To Abraham Lincoln 347
  • From Mansfield French 350
  • To William P. Fessenden 363
  • To Valentine B. Horton 366
  • To Elbridge G. Spaulding 368
  • To William P. Mellen 372
  • To Horace Greeley 374
  • From Horace Greeley 375
  • From John Sherman 379
  • To David Hunter 381
  • To Richard C. Parsons 382
  • To Galusha A. Grow 384
  • To Abraham Lincoln 385
  • To James A. Garfield 388
  • To Cuthbert Bullitt 389
  • To Abraham Lincoln 390
  • From George Opdyke 391
  • To George S. Denison 392
  • From George S. Denison 394
  • From Edward Bates 395
  • From George Opdyke 396
  • From Rufus Saxton 397
  • From Andrew Johnson 404
  • To William H. Aspin Wall and John Murray Forbes 407
  • To Robert J. Walker 408
  • From George S. Denison 412
  • From George S. Denison 414
  • Bibliography 421
  • Index 425
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