Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-19

sonal relationships which sufficiently we'll
illustrated the variant dispositions of the
two men. While the Secretary of the
Treasury seems to have been very re-
sponsive to Mr.. Cookies friendly offices to
him and his daughters-which We're not
reserved for Secretaries of the Treasury,
as those who knew him fully understood.
for they were rendered to all his fellow
beings as long as he liyed-Chase now de-
veloped a sensitiveness to attention lest
it be offered with view to unfair re-
wards. He had eagerly sought Mr..
Cookies counsel and aid in the formula
ton of his financial policies, but some
newspaper criticisms were lashing him
into anxiety lest his friendship for
banker would become a subject of public
criticism. He had seen enough to be con-
the President Uincoln) in more than one
regard, and he was putting himself in the
way of gratifying, in 1854, that ambition
which had been ungratifed in the ma
tional convention of 1880 and 1850
Mr.. Chase writes Mr.. Cooke that he
wants a carriage. Mr.. Cooke bought the
carriage and paid for it out of his own
purse. Mr.. Chase acknow edged the gift
and added: * public officer while in Of
flee must accept no presents beyond those
which the ordinary intercourse of society
prompts and allows from friend to friend
Candidacy Aided by Cooke.
When Mr.. Chase was running for the
presidency he did not hesitate to receive
Mr.. Cookies assistance. The biography
says: Jay Cookies loan agents and the
newspaper advertising system which he
had created were cheerfully enlisted in
Chase's behalf; but the movement was
concealed under so much real patriotism
and the hopes OF the leaders were SO
short-lived that no particular harm came
to the banker and his firm from his asso-
cation With rather unfortunate political
experiment. Deeply possessed as he was,
from the beginning to the end of his life
OF desire to be President Of the United
states. Mr.. Chase not on Y favored but
indeed rather expected the use of the five.
twenty (bond issue) advertising agencies
for his personal and political advantage.
THE Washington branch Of Jay Cooke
d Co was involved in (politcaD expendi-
lures which were estimated to amount to
S2o.oo. Finst of all. there was an out
right gift from the firm of $1,000 There
was check of $1,000 to one Daniel W.
Wise for an article laudatory of Chase
which was to be placed in a coming num-
Der of the Atlantic Monthly. This was
chapter from Life of Chase called
The Ferry Boy and the Financier' writ
ten by ]. T. Trowbridge. for which the
Secretary himself had furnished the ma
teria!. Then there was the purchase of
newspaper to be managed in Mr. Chase's
interest. the negot alton being directed by
Senator Sprague. Some $12.5NJ was pa d
on this account by the Cookies and other
persons concerned, with promises of
enough more to raise the amount to $50
900. The Chase men from time to time
obtained various loans from Jay Cooke &
Co.. of Washington or from Henry Cooke,
upon the plea of an empty treasury.
Cutting eff the Supplies.
ut was stated that Jay Cooke had
authorized these expenditures. but this
was only partially true. for when the
state Of affairs in his Washington house
was brought to his attention he very
promptly withdrew both himself and his
firm from the entire Chase-Sprague-Pom-
eroy movement To make the divorce
more impressive 1t was announced that
Henry Cooke was in poor health by rea-
son of the exactions OF the twenty-five
loan business, and would go abroad for
the summer of 1864 to rest and develop
his cherished plans for the sale of United
States bonds In Europe. In his absence
Mr.. Fahnestock drew upon Sprague for
various amounts. some of which he never
received. since the senator from Rhode
Island did not regard them as personal
obligations. The promises to the agent.
one Weston. for the purchase of the news
paper. were not kept. The firm refused
to pay an order presented by Sunset Cox
for So 600, which he aimed for some mys-
FERROUS political object. and generally
sought to do what 1t could to recoup itself
for it's unfortunate political investments.
support of Jay Cooke but good many
thousands of dollars were irrecoverabie,
and the burden must be borne personal y
by the Philadelphia financier. or charged
to profit and loss"
After he became Chief Justice of the