Recollections of Abraham Lincoln, 1847-1865Lamon, Ward Hill
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Recollections of Abraham Lincoln, 1847-1865
Lamon, Ward Hill
Lincoln, Abraham, 1809-1865
"This idea struck David Taylor, of Ohio, with such force that he
sought Mr. Lincoln and urged him to put the project into immediate
execution. The President listened patiently, and at the end said,
'That is a good idea, Taylor; but you must go to Chase. He is
running that end of the machine, and has time to consider your
proposition.' Taylor sought the Secretary of the Treasury, and laid
before him Amasa Walker's plan. Chase heard him through in a cold,
unpleasant manner, and then said: 'That is all very well, Mr.
Taylor; but there is one little obstacle in the way that makes the
plan impracticable, and that is the Constitution.' Saying this, he
turned to his desk, as if dismissing both Mr. Taylor and his
proposition at the same moment.
"The poor enthusiast felt rebuked and humiliated. He returned to
the President, however, and reported his defeat. Mr. Lincoln
looked at the would-be financier with the expression at times so
peculiar to his homely face, that left one in doubt whether he was
jesting or in earnest. 'Taylor!' he exclaimed, 'go back to Chase
and tell him not to bother himself about the Constitution. Say that
I have that sacred instrument here at the White House, and I am
guarding it with great care.' Taylor demurred to this, on the
ground that Mr. Chase showed by his manner that he knew all about
it, and didn't wish to be bored by any suggestion. 'We'll see about
that,' said the President, and taking a card from the table he
wrote upon it, 'The Secretary of the Treasury will please consider
Mr. Taylor's proposition. We must have money, and I think this a
good way to get it.--A. LINCOLN.'
"Armed with this, the real father of the greenbacks again sought
the Secretary. He was received more politely than before, but was
cut short in his advocacy of the measure by a proposition for both
of them to see the President. They did so, and Mr. Chase made a
long and elaborate constitutional argument against the proposed
measure.
"'Chase,' said Mr. Lincoln, after the Secretary had concluded,
'down in Illinois I was held to be a pretty good lawyer, and I
believe I could answer every point you have made; but I don't feel
called upon to do it.... These rebels are violating the
Constitution to destroy the Union; I will violate the Constitution,
if necessary, to save the Union: and I suspect, Chase, that our
Constitution is going to have a rough time of it before we get done
with this row. Now, what I want to know is, whether, Constitution
aside, this project of issuing interest-bearing notes is a good
one?'
Public-domain text, read in full here on John Shaqi.
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