These threats had been received with
patience up to the point when patience seemed to be no longer a virtue;
but finally, when (in May, 1864) such a resignation was tendered under
some aggravation of opposition or of criticism, very much to Chase's
surprise the resignation was accepted.
The Secretary had had in train for some months active plans for becoming
the Republican candidate for the Presidential campaign of 1864. Evidence
had from time to time during the preceding year been brought to Lincoln
of Chase's antagonism and of his hopes of securing the leadership of the
party. Chase's opposition to certain of Lincoln's policies was doubtless
honest enough. He had brought himself to believe that Lincoln did not
possess the force and the qualities required to bring the War to a
close. He had also convinced himself that he, Chase, was the man, and
possibly was the only man, who was fitted to meet the special
requirements of the task. Mr. Chase did possess the confidence of the
more extreme of the anti-slavery groups throughout the country. His
administration of the Treasury had been able and valuable, but the
increasing difficulty that had been found in keeping the Secretary of
the Treasury in harmonious relations with the other members of the
administration caused his retirement to be on the whole a relief.
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