From
“Lincoln 365,” by Arnold Kunst
May 8
At the end of June, 1864 Salmon Chase offered Lincoln his resignation as
Secretary of the Treasury for the fourth time. Lincoln had refused the first
three times because the country needed Chase's dazzling financial wizardry, but
- unknown to Chase - Lincoln had already settled on an adequate replacement and
so accepted his resignation this time. Now Chase, who wanted very much to be
president himself and who had worked to undermine Lincoln at virtually every
opportunity, was free from the constraints of being in Lincoln's official
family and could campaign for the Republican nomination openly - but he did not
have enough time to work up the necessary head of steam to win the nomination
for himself. Lincoln had, in effect, utilized to the maximum the man's
boundless skills, then cut him loose too close to the Republican convention for
his run for the presidency to pose a serious threat to Lincoln's own bid for
re-nomination.
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