erything
depended on the treasury. Failure there meant irretrievable disaster.
It would not answer to have any serious mistakes in that quarter, and
in fact no fatal mistakes were there made. In all other departments
there were failures and blunders, but the financial department met
every emergency and every requisition. Chase's financial policy it was
that carried the country majestically through the war, and that
afterwards paid the nation's debts.

There is a circumstance that has not been mentioned, as far as the
writer knows, by any of Mr. Chase's biographers, which seems to him to
be significant and worth referring to. During the Civil War, Walter
Bagehot was editor of the _Economist,_ the great English financial
journal. His opinion in financial matters was regarded as the highest
authority. It was accepted as infallible. He discussed the plans of
Mr. Chase with great elaborateness and great severity. He predicted
that they were all destined to failure, and proved this theoretically
to his own satisfaction and the satisfaction of many others. The
result showed that Mr. Chase was right all the time, and the great
English economist was wrong.

The entrance of such a man into the Abolitionist movement marked an
era in its history. It was the thing most needed. He gave it a leader
who, of all men then living, was most competent for leadership. From
that time he was its Moses.

The greatest service rendered to the Abolition cause by Salmon P.
Chase was in pushing it forward on political lines. There was a
contest for the mastery of the Government from the hour he took
command. The movement was to be slow, sometimes halting and apparently
falling back, in some respects insignificant, in all respects
desperate, but there was to be no permanent defeat and no compromise.

The espousal of Abolitionism by Mr. Chase was a remarkable
circumstance. He was not an enthusiast like Garrison and Lundy and
many other Anti-Slavery pioneers, but precisely the opposite. He was
cold-blooded and cool-headed, a deliberate and conservative man. His
speeches were described as giving light but no heat. His sympathies
were seemingly weak, but his sense of justice was immense. Apparently,
he opposed slavery because it was wrong rather than because it was
cruel. He had a big body, a big head, and a big conscience, the
combination making a strong man and a good fighter.

That he did, in fact, sympathize with the slaves was shown by his
pr