If anything was needed to complete the collapse of the plans of Mr.
Chase, the reputation of the man who signed the circular was sufficient.
As fast as conventions were held delegations were instructed for
Lincoln. The Republican members of the Ohio Legislature were so fearful
lest they might be suspected of sympathizing with the ambition of Mr.
Chase that they held a caucus and unanimously endorsed the President.
Even little Rhode Island, supposed to be a pocket borough absolutely
controlled by its Governor, who was a son-in-law of Mr. Chase, bolted
and declared for Lincoln. The Secretary of the Treasury, left without
a supporter in the Republican party, sought consolation from the
Democrats, but they repudiated him and selected as their candidate
General McClellan, a man who had been alternately eulogized and
anathematized by him.
The retirement of Mr. Chase from the Cabinet was due to his
determination to control the patronage of the Treasury Department in
the State of New York without reference to the wishes of Mr. Morgan and
Mr. Harris, the Senators from that State. There was also friction over
Treasury appointments in other parts of the country. Mr. Chase's failure
as a Presidential candidate made him very irritable, and whenever the
President or any member of the Cabinet offered the slightest opposition
to his plans or wishes, he showed so much temper that it was impossible
to get along with him except by conceding all his demands. Lincoln,
valuing his services in the Treasury so highly, endeavored to gratify
him as far as possible, and assured other members of his Cabinet
that, as Mr. Chase's ability, industry, and integrity were beyond
question, he had a right to select men for whose proper conduct he was
responsible. But when Mr. Chase invaded the political provinces of the
members of the Senate, the President found it difficult to reconcile
the differences, and on two occasions the Secretary of the Treasury
tendered his resignation rather than yield what he considered to be
his right to select all of his subordinates. Maunsell B. Field, the
Assistant Secretary of the Treasury, quotes Lincoln as saying, "I went
directly up to him [Chase] with the resignation in my hand, and putting
my arm around his neck, said, 'Here is a paper with which I wish to have
nothing to do. Take it back and be reasonable.' I had to plead with him
a long time, but I finally succeeded, and heard nothing more of that
resignation."
Public-domain text, read in full here on John Shaqi.
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