Honors, prizes, and medals were coming to him, his teaching was very successful, he had a large following, and was thought the most considerable of our art leaders; but beneath the surface all was not so placid or so pleasant. In 1895 he was no longer president of the Society, he gave up his Brooklyn class, and also his Tenth Street studio. Artistic extravagance or want of revenue or some other financial disability had placed him in straitened circumstances. All of his pictures and collections had to be sold to pay his debts. With characteristic indifference he gave a farewell dinner in the big studio before leaving it, gathered together what possessions remained to him in a house in Stuyvesant Square, and shortly thereafter, with his family and a number of pupils, went to Spain. In June he returned to Shinnecock, and in the autumn took a studio at Fifth Avenue and Thirtieth Street, and opened at Fifty-seventh Street the Chase School. This school soon became the New York School of Art, and Chase was at its head for eleven years. He also went on teaching at the Pennsylvania Academy of Fine Arts, going over to Philadelphia every week for the purpose. Then for half a dozen years he taught and painted at Shinnecock with little travel interspersed. It was during these years that he did the “Grey Kimono” and the “Red Box,” portraits arranged with Japanese accessories that showed brilliant coloring, swift handling, and rather superficial characterization. There was none of the Japanese spirit or even method about them. Then, too, he did many shore pieces and views of the sea with the Shinnecock dunes in the foreground. In these pictures he often placed in the first plane small children in white, with a note of color in hats or ribbons, or a reading woman with a bright parasol. The bright spots of color lent brilliancy of effect and the white dresses gave a high pitch of light. They were very attractive pictures, and some of the seas put in the backgrounds had notes of power about them; but usually the product was merely a handsome decorative pattern--just what the painter intended it should be.