. Jay Cooke, financier of the Civil War . lawyer. Of rising eminence in his pro-. fession his interests drew him to political life, first asa Whig, though he soon developed Democratic leanings,more, it would seem, in a revulsion of feeling againstthe Whig partys temporizing course on the slaveryquestion than because of a real belief in any Democraticprinciple. He was an uncompromising Liberty partyman and was elected to the United States Senate by afusion of Democratic and third party elements in 1849to serve for a full term of six years, occupying his seatin time to witness the last coup in t
. Jay Cooke, financier of the Civil War . lawyer. Of rising eminence in his pro-. fession his interests drew him to political life, first asa Whig, though he soon developed Democratic leanings,more, it would seem, in a revulsion of feeling againstthe Whig partys temporizing course on the slaveryquestion than because of a real belief in any Democraticprinciple. He was an uncompromising Liberty partyman and was elected to the United States Senate by afusion of Democratic and third party elements in 1849to serve for a full term of six years, occupying his seatin time to witness the last coup in the tedious pacifica-tion process, the enactment of the Compromise Bills of1850 when Clay, Webster, Benton and Calhoim prac-tically passed from the political stage. Afterward served two terms as Governor of Ohio, and itwas while at Columbus that he formed the acquaintanceof Henry D. Cooke, then the editor of the Ohio StateJournal. Governor Chase was financially interested in I Nicolay and Hay, Vol. Ill, p. 244; Schuckers, p. SALMON P. CHASE From a portrait painted by William Cogswell, presented to the State of OhioNow in the Executive Mansion at Columbus FINANCIER OF THE CIVIL WAR 129 this influential but unprofitable newspaper and was notwithout appreciation of the services it had performedfor him, and might in future render him in realizinghis higher ambitions. From the time of the foundationof the Republican party he aspired to the presidency ofthe United States; first in 1856, then in i860, whenLincoln was preferred over him and Seward, and in1864, as Lincolns successor, freely using his cabinetplace as a stepping stone to the higher position. still had the ofiice in view in 1868 and 1872. Hestrove to attain an honor which was never to be his andposterity judges him by his record as an honest Secre-tary of the Treasury and an able Chief Justice. It may have been with some misgivings that prac-tical financiers viewed Mr. Lincolns choice of his Sec-reta
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