This assured my election for the speakership. I had a great ambition to be on that roll of honor, and as I would have been the youngest man ever elected to the position, my youth added to the distinction. On the other hand, the government at Washington needed an experienced senator of its own party, like Edwin D. Morgan, who had been one of the ablest and most efficient of war governors, both in furnishing troops and helping the credit of the country. I finally decided to surrender the speakership for myself to gain the senatorship for my party. I had difficulty in persuading my associates, but they finally agreed. Callicot was elected speaker and Edwin D. Morgan United States senator. The event was so important and excited so much interest, both in the State and in the country, that representative men came to Albany in great numbers. The rejoicing and enthusiasm were intense at having secured so unexpectedly a United States Senator for the support of Mr. Lincoln's administration. That night they all united in giving me a reception in the ballroom of the hotel. There was a flood of eulogistic and prophetic oratory. I was overwhelmed with every form of flattery and applause, for distinguished service to the party. By midnight I had been nominated and elected Governor of the State, and an hour later I was already a United States senator. Before the morning hour the presidency of the United States was impatiently waiting for the time when I would be old enough to be eligible. All this was soon forgotten. It is a common experience of the instability of promises and hopes which come from gratified and happy enthusiasts, and how soon they are dissipated like a dream! I have seen many such instances, and from this early experience deeply sympathize with the disillusionized hero. The Democrats of the assembly and also of the State were determined that Mr. Callicot should not enjoy the speakership. They started investigations in the House and movements in the courts to prevent him from taking his seat. The result was that I became acting speaker and continued as such until Mr. Callicot had defeated his enemies and taken his place as speaker in the latter part of the session. I was also chairman of the committee of ways and means and the leader of the House. The budget of my committee was larger than usual on account of the expenses of the war. It was about seven million dollars. It created much more excitement and general discussion than does the present budget of one hundred and forty millions. The reason is the difference in conditions and public necessities of the State of New York in the winter of 1863 and now. It is also partly accounted for by the fact that the expenses of the State had then to be met by a real-estate tax which affected everybody, while now an income tax has been adopted which is capable of unlimited expansion and invites limitless extravagance because of the comparatively few interested.