Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-07-08
The New Secretary OF the
Treasury.

Secretary of the Treasury. The reason
for this, is not apparent to the country
and perhaps the cause, or the causes which
led to this step, the public have no special
interest or right to know.-Mr. Chase has
deemed it proper to resign, and the PrcSi-
dent saw fit to accept the resignation.
II was announced at first, that Hon.
David Todd of Ohio had been appointed
Mr.. ChaScs successor. Ii so, the Senate
failed to confirm, for the name OF Mr..
Fcsscndcn was sent to that body and it
was immediately confirmed. Mr. Fcsscn
den has accepted the responsible position
and the country feels relieved. No other
name would have given so much confidence
to the country, and so rcconcilcd tic mon
eyed men and the nations creditors as that
of Mr.. Fcsscndcn. The country will part
with Mr.. Chase with regret; it will hail
his successor with confidence and a
firm faith i'll his ability to manage the
finances Of the nation successfully. We
copy the following =
The appointment of Hon. Vim. Pit;
Fcsscndcn to the position of Secretary Of
the Treasury. made vacant by the rcsigna-
ton of Hon Salmon i. Chase Of Ohio,
is received throughout the country with
unparalleled satisfaction. llis ability can
not he questioned. A staunch. reliable
statesman, Of great experience Ill the
affairs of government, the appointment is
one cminrnilv fit to be made. 1t will be
gratifying to the country. and PARTICULAR,
so to New England.
He has had large experience as Chair
man of the committee on Finance Of the
Scnatc--a position which has given him
an opportunity to profit by the views OF
the leading business men of the country.
The papers throughout the country re-
ccive the nomination with remarkable
favor, and its hearty endorsement cones
from all quarters.
The New York Post saws:
mir. Fcsscndcn is one of the ahlcst
men III the country Il man of nerve and
courage of clear head and determined
spirit. He has on many occasions express
ed his views on the financial situation, i'll
his place III the Senate. and has always
favored Vigorous and effective taxation as
the first necessity. He has not hcstatcd,
on several occasions, to dcnounce all efforts
which were not sustained by this, the
foundation stone Of finance and, the
country has reason to expect and believe
that he will at once lay before Congress
a schedule Of taxes which will pro-
vide Il sufficient revenue to reduce prices.
cause gold to fall, aud restore and main
tain our credit abroad
The Boston Post, Democratic, pays him
an unexpected compliment as follows:
The Hon. Wm. Pitt Fcs>cndcn is
Secretary OF the Treasury. He is an
believe. who Will enter upon lis arlGous
duties with a desire and determination to
discharge them faithfully and in manner
most advantageous to the public
That staunch commercial paper, the
Boston Adrcrtiser says:
The selection Is most excellent one
Probably 10 man in the country will in
spre more confidence From his command
ing ability. his long experience IN public
affairs. and his personal character. Mr..
Fcsscnden Is Il lawyer Of first rate ability,
but he is something more than that, los,
from an experience in public affairs tol
MANY Years, h. has become thoroughly
familiar with the business Of legislation.
and has taken a leading part in NIL Tie
important measures of the last dozcI;
vcars one of tile aAlcSt drhatcrs that
has ever been III the Senate, he shows ou
all occasions Il practical sn"acity that com
mandS immediate attention and respect
He always applies the test oil plain sense,
to every measure thar comes before the
Senate and is never carried away by mere
theoretical Spcculaions. There can lie no
doubt that he will be u most valuable ac
ccssion to the government at the present
time
The Boston Jo,rHdi expresses It's views
of Mr.. feSsendcn's nomination i'll the
following article:
New England, and we think the whole
loyal country, will hail the appointment of
Hon. VIM. Pitt Fcsscndcn to the post of
Secretary of the Treasury. We are glad
the President and the Senate. in this in
stance had the wisdom 10 discard mere
geographical prciudices,, and chose a good
man for Il most important place. although
one effect was to give New England two
two seats i'll the Cabinet. That Mr. Tess
cnden is such a man, few will Doubt
Thoroughly experienced in public life, en-
lowed with remarkably keen and steady
perceptions, of the most unsullcd integ-
rity, and admirably trained in all the in
trcacics of the country's finance by his
long tcnnre of the post of Chairman of
the Senate Finance Committee he seems
just them AN TO succeed Secretary Chase
at this momcutous period. Whatever can
be done by capacity and effort TO improve
our financial position, VIC may rsst assured,
will be done by Secretary Fcssendcn."
Mr.. Fessenden was born at Boscawen,
New Hampshire, Oct. IS06. He gradu-
ated at Bowdoin College in ls23, and be-
gan the practice of law at Portland in
1927, where he has resided ever since
lie was early and several times member
of the Legislature. His first election to
the lower House of Congress was in 1871.
He began his service in the L. S. Senate
1853, and has continued therein until the
present time In the old party times he
was Wing, but was among the earliest
to join the Republican party. For many
Years he has stood at the head of the bar
Of Maine"
These extracts show the opinion of the
press upon the nomination. and clearly
demstrate that it is popular with the
people. Mr.. Fcssenlen will have the
confidence of the community, and we
venture To predict will conduct the affairs
of the Treasury i'll most able and salts