Wednesday, April 8, 2015

Salmon Chase, Secretary of the Treasury and Chief Justice of the Supreme Court


Salmon Chase was the son of Ithamar and Janette Chase. Although he was born in Cornish, his father left Cornish to join a glass-making business in Keene. This business went bankrupt, and Ithamar died soon after, leaving his wife Janette a widow with eleven children to feed. She did the best she could, but life was very difficult. She was determined to provide Salmon with a good education, because she felt he was the smartest of all of her children. As time went on, she found it harder and harder to feed and educate her children, until finally she asked her brother-in-law Bishop Philander Chase if he would educate Salmon and provide him with food and board in exchange for his labor. Philander acquiesced, and at age twelve, Salmon was sent to frontier Ohio to live with his Uncle. This was a very difficult time in Uncle Philander's life as well, and Salmon spent an unhappy year and a half with Uncle Philander before he returned home to New Hampshire.

On his way home, Salmon couldn't help but notice that his home state was going through hard times. The economic downturn that had helped to cause Ithamar's downfall was still being felt throughout New Hampshire, and more and more families were leaving Northern New England to go west. In every town he passed through, Salmon saw abandoned homes, farms and mills.

When he arrived home, his mother and sisters greeted him with happy surprise and open arms. Life for them was more difficult than ever because his mother had become almost totally blind. Even so, she was still determined that her son would continue his education. Through family connections, Salmon was given an opportunity to teach school in a nearby town. Salmon had spent most of his education in private tutoring or in boarding schools. He had no idea how to run a multi-age classroom of both boys and girls. Many of the students were older than he was, and he had very little patience with them. The only ways of discipline he had learned were the harsh methods he had experienced while he lived with Uncle Philander. He certainly had never learned that praise or encouragement would yield better results or less misery. As a result, he used so much corporal punishment that the parents complained and the school board fired him.

Once again, Salmon landed at home on his mother's doorstep. This time, she sent him to live with his favorite aunt, Rachel Denison, in South Royalton. At Aunt Rachel's, at last, he enjoyed being part of a functional, loving family. While he lived with the Denison's he studied at Royalton Academy under Nathaniel Sprague. This was a final push of studying to prepare him to apply to Dartmouth College in 1824.

All of his mother's efforts came to fruition while Salmon was at Dartmouth. He excelled academically and was elected to Phi Beta Kappa. He had some good friends, and in fact, one friendship was almost his undoing. In his biography of Salmon, author John Niven tells the story. When one of his friends was suspended, Salmon requested and was granted a meeting with the President of the college, in order to argue his friend's innocence. When the President of the college told Salmon that the college was a better judge of a student's guilt or innocence than another student, Salmon told him that he would have to leave college, if that was the college's stance on the matter. The President asked him if he had talked it over with his mother, and Salmon said he had not, and requested leave to visit her to discuss the situation. The President refused to grant him the leave, and Salmon said he would go anyway, and then left. His mother was not very happy with him when he arrived on her doorstep yet again. Niven neglects to tell us how Salmon mended the fences between himself and the President of the college, but he was readmitted and graduated with excellent grades.

After he graduated, Salmon decided that he would seek his fortune in Washington, DC. He traveled to the nation's capital, and sought a clerkship from his Uncle Dudley. This is the Uncle Dudley who had raised so many other Chase cousins, including Uncle Philander's own sons. Uncle Dudley gave Salmon a cool reception, however, offering him the price of a spade and the advice to earn a living by using it. Uncle Dudley said that he had procured a clerkship for another nephew, and the clerkship proved “the boy's undoing and he vowed he would never do this for a relative again.” Salmon left his uncle and years later, thought back and decided that this was the best thing his uncle could have done for him, because if he had gotten that clerkship, he might have remained a clerk for his whole life.

Salmon finally got a job teaching again, this time more successfully than the first. When saved enough money, he went to Cincinnati where he became a lawyer. As a lawyer, he became interested in politics when he argued a few legal cases regarding the rights of free Negroes. He was a leader in
the anti-slavery movement as Governor of Ohio and as a Senator from Ohio. During Abraham Lincoln's Presidency, he was the Secretary of the Treasury. While he was the Treasure Secretary, he created a national banking system. Under Salmon Chase, the government first issued paper money, called “greenbacks”. Prior to the Civil War, the government only issued gold and silver coins. The first 1$ bill had Salmon's picture of it. One of these dollar bills can be found on Ebay for sale for $1,150. Salmon's portrait is also on the highest denomination of American money, the $10,000 bill,
no longer in circulation.













In 1864, Salmon resigned as Treasury Secretary and became Chief Justice of the Supreme Court. He served as Chief Justice until his death in 1873. One of his first duties in this role was when he admitted the first African American attorney who argued a case before the Supreme Court. Salmon also presided over the impeachment of Andrew Johnson, the Vice President who succeeded President Lincoln after Lincoln was assassinated.

The Chase National Bank , founded four years after Salmon's death, in 1877, was named after Salmon, memorializing his creation of American paper money. This bank became Chase Manhattan Bank in 1955 and JPMorgan Chase in 2000.

Although the rest of the Chases may have looked down on his father and his family, Salmon rose to a pinnacle of success that surpassed even his illustrious relatives. Although he was successful in the national political, legal and financial world, Salmon was not really happy in his personal life. He had few close friends, although the few friends he did have meant a great deal to him throughout his life. He was never satisfied with what he had accomplished, and spent most of his life trying to maneuver his way to the presidency. His difficult childhood, especially the time he spent with Uncle Philander, taught him never to let his guard down and never to relax. He lost three wives at an early age, continuing the sadness he learned at an early age when he lost his father.

Chase had two daughters, Kate and Nettie. Both grew up in boarding schools. As a young woman, Kate played the role of Washington hostess for her father, reveling in the socialite whirl of the nation's capital. She married Rhode Island Senator William Sprague, who was a millionaire, but also an alcoholic and not particularly a nice person. Then again, Kate was not known for her sweet innocence, herself. Nettie married William Sprague Hoyt, a wealthy banker and cousin of Kate's husband. Nettie was much more shy and less ambitious than her sister. Apparently Nettie and her husband had a happy marriage.

Two of Salmon's brothers, William and Alexander, were unable to support their families, and were both alcoholics. His sister Hannah married John Whipple. Abigail married Dr. Isaac Colby, and died at age 38 after having lost three infant children. Dudley died at age 20 in Kentucky. Janette seems not to have married and died in Ohio at age 55. Janette married Josiah Skinner, had four children, and died at age 55 in Ohio. Alice, one of Salmon's favorite sisters, never married and died in Cincinnati when she was in her early fifties. She helped take care of the girls after Salmon's wives died. Edward married Mary Eliza Metcalf. He also died in his early fifties, in Niagara, New York, and apparently did not have children. Salmon's favorite sister, Helen, married Reverend Henry Wallbridge, at the same time Salmon married his second wife, Eliza, in a double wedding. Helen also died in her early fifties, but did have children.

You would think that the other Chases would have made a huge big deal out of their relation to Salmon. There are plenty of places on the internet that mention that Dudley Chase Jr, or Philander Chase are uncles of Secretary of the Treasure Salmon Chase, but the Chases themselves constantly mention Bishop Philander and pretty much snub Salmon. Even Philander himself, and his granddaughter Laura Chase Smith, fail to mention their connection to Salmon, even though Philander raised (using that term loosely) Salmon for a while. Laura's book was published in the early 1900's, giving her plenty of time to get used to the idea of having another famous relative. If anything, you would have thought that she would have given her grandfather some of the credit for having raised Salmon. Maybe Salmon himself gave Philander a bit of bad press and the family took that badly.

There are many biographies of Salmon. The biography I took most of my information from is John Niven's “Samuel Chase”. Very late in the process of writing this post, I came across a better one, actually a children's story, that is quite enjoyable to read and contains a lot of personal information, written by a friend of Salmon's. This book portrays Philander in a very unfavorable light, and was written quite early on. This could be the reason the Chases were so standoffish regarding Salmon. The book is called “The Ferry Boy and the Financier” written by John Trowbridge in 1864. I highly recommend this book for the story of Salmon's life as a childhood and young adult.

This ends the story of the Chases of Cornish, New Hampshire. Most of the Chases that moved to Bethel ended up leaving Vermont for the West. Not many of the Chase family stayed in the Upper Valley, although every time I see the last name “Chase”, I wonder about their connection to the Chases of Cornish.

No comments:

Post a Comment