Page:Appletons' Cyclopædia of American Biography (1900, volume 2).djvu/470

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FESSENDEN
FESSENDEN

the supreme court an appeal from an adverse decision of Judge Story, and gained a reversal by an argument which Daniel Webster pronounced the best he had heard in twenty years. He was again in the legislature in 1853 and 1854, when his strong anti-slavery principles caused his election to the U. S. senate by the vote of the Whigs and anti-slavery Democrats. Taking his seat in February, 1854, he made, a week afterward, an electric speech against the Kansas-Nebraska bill, which placed him in the front rank of the senate. He took a leading part in the formation of the Republican party, and from 1854 till 1860 was one of the ablest opponents of the pro-slavery measures of the Democratic administrations. His speech on the Clayton-Bulwer treaty, in 1856, received the highest praise, and in 1858 his speech on the Lecompton constitution of Kansas, and his criticisms of the opinion of the supreme court in the Dred Scott case, were considered the ablest discussion of those topics. He was re-elected to the senate in 1859 without the formality of a nomination. In 1861 he was a member of the Peace congress. By the secession of the southern senators the Republicans acquired control of the senate, and placed Mr. Fessenden at the head of the finance committee. During the civil war he was the most conspicuous senator in sustaining the national credit. He opposed the legal-tender act as unnecessary and unjust. As chairman of the finance committee, Mr. Fessenden prepared and carried through the senate all measures relating to revenue, taxation, and appropriations, and, as declared by Mr. Sumner, was “in the financial field all that our best generals were in arms.” When Sec. Chase resigned in 1864, Mr. Fessenden was called by the unanimous appeal of the nation to the head of the treasury. It was the darkest hour of our national finances. Sec. Chase had just withdrawn a loan from the market for want of acceptable bids; the capacity of the country to lend seemed exhausted. The currency had been enormously inflated, and gold was at 280. Mr. Fessenden refused the office, but at last accepted in obedience to the universal public pressure. When his acceptance became known, gold fell to 225, with no bidders. He declared that no more currency should be issued, and, making an appeal to the people, he prepared and put upon the market the seven-thirty loan, which proved a triumphant success. This loan was in the form of bonds bearing interest at the rate of 7.30 per cent., which were issued in denominations as low as $50, so that people of moderate means could take them. He also framed and recommended the measures, adopted by congress, which permitted the subsequent consolidation and funding of the government loans into the four and four-and-a-half per cent, bonds. The financial situation becoming favorable, Mr. Fessenden, in accordance with his expressed intention, resigned the secretaryship in 1865 to return to the senate, to which he had now for the third time been elected. He was again made chairman of the finance committee, and was also appointed chairman of the joint committee on reconstruction, and wrote its celebrated report, pronounced one of the ablest state papers ever submitted to congress. It vindicated the power of congress over the rebellious states, showed their relations to the government under the constitution and the law of nations, and recommended the constitutional safeguards made necessary by the rebellion. Mr. Fessenden was now the acknowledged leader in the senate of the Republicans, when he imperilled his party standing by opposing the impeachment of President Johnson in 1868. He gave his reasons for voting “not guilty” upon the articles, and was subjected to a storm of detraction from his own party such as public men have rarely met. His last service was in 1869, and his last speech was upon the bill to strengthen the public credit. He advocated the payment of the principal of the public debt in gold, and opposed the notion that it might lawfully be paid in depreciated greenbacks. His public character was described as of the highest type of patriotism, courage, integrity, and disinterestedness, while his personal character was beyond reproach. He was noted for his swiftness of retort. He was a member of the Whig national conventions that nominated Harrison (1840), Taylor (1848), and Scott (1852). For several years he was a regent of the Smithsonian institution. He received the degree of LL. D. from Bowdoin in 1858, and from Harvard in 1864. — Another son, Samuel Clement, lawyer, b. in New Gloucester, Me., 7 March, 1815; d. 18 April, 1882, was graduated at Bowdoin, and at Bangor theological seminary in 1837, and was pastor of the 2d Congregational church in Thomaston (now Rockland) from then till 1856. In that year he established the “Maine Evangelist,” and in 1858 studied law, was admitted to the bar, and began practice. He was elected judge of the municipal court of Rockland, and was a representative from Maine to the 37th congress, serving from July, 1861, till March, 1863. Until the rise of the Republican party he was an abolitionist. In 1865 he was appointed a member of the board of examiners of the U. S. patent-office. In 1879 he was U. S. consul at St. John's, N. B. — Another son, Thomas Amory Deblois, lawyer, b. in Portland, Me., 23 Jan., 1826; d. in Lewiston, Me., 28 Sept., 1868, was graduated at Bowdoin in 1845. He studied law, was admitted to the bar, and began practice in Mechanics' Falls, Me., after which he removed to Lewiston. He was a member of the convention that nominated Frémont for president in 1856, in 1858 was appointed aide-de-camp to Gov. Morrill, of Maine, and in 1860 was elected to the legislature. In 1861 he was prosecuting attorney for Androscoggin county, and was elected a representative from Maine to the 37th congress, to fill a vacancy, serving from December, 1862, till March, 1863. He was an able lawyer and eloquent speaker. — William Pitt's son, James Deering, b. in Westbrook, Me., 28 Sept., 1833; d. in Portland, Me., 18 Nov., 1882, was graduated at Bowdoin in 1852, studied law, and practised in Portland. He enlisted a company early in the civil war, and entered the service as captain of the 2d U. S. sharp-shooters, 2 Nov., 1861. He served on Gen. David Hunter's staff in the Department of South Carolina in 1862-'3, was present at the attack on Fort Pulaski in 1862, at the operations on the Edisto, and at Dupont's attack on Charleston. He was assigned to the duty of organizing and commanding the first regiment of colored troops in 1862, but the government was not then ready to use colored troops. He was promoted to colonel in 1862, and in September, 1863, reported