Showing posts with label Jay Cooke. Show all posts
Showing posts with label Jay Cooke. Show all posts

Sunday, June 21, 2015

Diary of Salmon P. Chase, Saturday, September 13, 1862

Breakfasted alone. What has become of Mr. Skinner? Went to Department and attended to some matters of routine.

Went to Navy Department with Gov. Seward, according to appointment, about expedition to Charleston. Examined chart with Secretary Welles and Asst. Secy. Fox. Learned that the “Ironsides and Passaic will be ready for sea by the 1st. October; which is more than two weeks longer than Mr. Welles gave me to understand ten days ago. Fox thinks that James Island ought to have been held and that Hunter was wrong in withdrawing our force from it; but it is now commanded by our gunboats, so that a landing upon it is easy, and a force of 10,000 or 15,000 men would suffice for the reduction of Charleston. A land force, however, would have to act mainly independently of the naval, — and no naval force but ironclads could act with any efficiency because, the harbor being a cul de sac, wooden vessels entering it to bombard the town, would be exposed to fire from all sides, and could not pass and repass the enemy's batteries, as at Port Royal, and, by motion, make the enemy's fire comparatively ineffectual. Ironclads, however, such as the Passaic and the Ironsides could go right into the harbor, with little or no risks, and destroy the Forts, batteries and the town itself, if not surrendered. After all, it seemed to me that it would contribute greatly to the certainty of the result if a land force should be organized, and I determined to confer with the Secretary of War on the subject, as soon as possible. No time should be lost in making every arrangement for such overwhelming blows, just as soon as the ironclads are ready, as will effectually annihilate the possibility of rebel success.

From the Navy Department, we went to Head Quarters where we found Genl. [Cullom1] who said: “We have got whipped again. We have just received a telegram that the rebels have defeated our people in Fayette County, Va., and are driving them down the Kanawha. The trouble is that our men won't fight.” The style of remark did not suit me, but it is too common among our generals. In my opinion, the soldiers are better than the officers. — Genl. Halleck came in, and we asked the situation. There was nothing new, he said, except confirmation that Burnside drove the rebels out of Frederick yesterday, and had renewed the fight to-day. Heavy firing had been heard from the direction of Harpers Ferry and the Frederick and Hagerstown roads. We left Head Quarters, and I returned to the Department.

Gave O'Harra and Pitt Cooke letter of introduction to Genl. Mitchell. Visited Mr. Clarke's sealing and trimming machine for the ones and twos and found them a perfect success; and the ones and twos are sealed and trimmed by machinery, attended by the most part by women, with such prodigious advantage to the Government, that it seems difficult to imagine that coining, except in large masses, can be of much utility hereafter.

Jay Cooke writes that he has visited New-York and conversed with Bankers; and thinks that $10,000,000 in Gold will be gladly deposited at 4%. I think that, in this way, all the Gold needed can be obtained at very small cost and without affecting the market in any way. If it succeeds, it will form not the least remarkable chapter in the history of the financial success which has attended me thus far.

Wrote to Katie and Nettie, and to Horton — to Katie, advising her not to return immediately, — to Horton about Pope.

In the evening, went to Willard's to call on Genl. Schenck, but did not see him. Met Weed, and went to his room and talked of sundry matters. He says I have done as well in the New York appointments as was possible, and advises care as to the securities taken; which advice I think very good. He thinks the time has come for vigorous measures South; and is for freeing the slaves, and arming them as far as useful, without noise or excitement. He saw Hunter in New-York; who says that if he had been sustained, he would have emasculated the rebellion in South Carolina before now — which he seemed to believe and which I believe absolutely.

Went to War Department. Telegraph men told me that telegraph was built to Point of Rocks and several miles beyond the Monocacy towards Frederick, and that heavy continuous firing was heard, by the operator of the former place, from the direction of Harpers Ferry, till between three and four this afternoon; and that firing, though not so heavy, was also heard from the direction of Middleton, between Frederick and Hagerstown. There was also a rumor that we had captured a large wagon-train, with considerable number of prisoners. The inference from the firing heard is that an attack has been made on Harpers Ferry by a large rebel force, and a stout defense with unknown result; and that a less important conflict has taken place between the advance under Burnside and the rebel rear falling back towards Hagerstown on Harpers Ferry, (probably the former) and that the rebels have been worsted.

Telegram from Gov. Curtin yesterday states that a reliable gentleman of Maryland who had opportunities to converse freely with officers of the rebel army, says that the rebel force in Maryland is 190,000, and the other side of the Potomac 250,000—in all 440,000. This is a specimen of information collected and believed!

Came home and Cooke called with Mr. Davis, General Birney's partner, who wants him made a Major General with command of Kearney's corps. I think this should be done. We must advance all our Republican officers who have real merit, so as to counterpoise the too great weight already given to Democratic officers, without much merit. They have been more pushed than the Republicans and we have been more than just — more than generous even — we have been lavish towards them. It is time to change the policy.
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1 Name inserted from Warden's excerpt, 473.

SOURCE: Annual Report of the American Historical Association for the Year 1902, Vol. 2, p. 78-80

Sunday, May 31, 2015

Diary of Salmon P. Chase, Monday, September 8, 1862


Jay Cooke came to breakfast, after which we talked financial matters. He thought gold could be easily obtained on deposit at 4%; and that, by and by, on a more favorable turn of affairs, 5-20s could be negotiated. Clay came in and Cooke left. Clay and I rode towards Department in wagon. Clay said he had made up his mind to take Department and that the President and Stanton were willing he should take that beyond the Mississippi. “Would I go with him to see Halleck?” “Certainly.” Halleck received us kindly but was unwell. Showed no favor to the new Department project.

Returned to Department and attended to general business. Nothing of special financial moment. Barney came in, and said that Stanton and Wadsworth had advised him to leave for New York this evening, as communication with Baltimore might be cut off before to-morrow. He would be governed by my advice. Told him I did not think the event probable, but he had best govern himself by the advice received.

After he had gone, Genl. Mansfield came in, and talked very earnestly about the necessity of ordering up, from Suffolk, 1st. Delaware and 3 and 4 New York, trained and disciplined now 14 months, each 800 strong, say 2,400 men; and from Norfolk 19th Wisconsin and 48th. Pennsylvania, say 1,600 men; leaving at Suffolk, Forey's Brigade of four diminished Regiments, say 1,800 men in all, late of Shield's division, — 11th. Pennsylvania Cavalry (a full and good Regiment) say 900 men;—and Dodge's Regiment of mounted Rifles except one Company; and at Norfolk, 99th NewYork, and one Company of Dodge's, sufficient for military police. He favored leaving Keyes and Peck at Yorktown. — He said the defences of the city were weak on the Eastern side; and that there ought to be at least 65,000 good men to hold it if McClellan is defeated — to improve victory if he is successful — He referred to old times. Was in Texas the Winter before the Rebellion broke out. Saw Twiggs who hated him because he was on Court-Martial. Was then told by officer in Council of War of K. G. C.1 that Floyd and Cobb in Cabinet and Jeff. Davis and Breckinridge, were members. In this Council of War, Orders were given to seize Navy Yards, Forts, etc. while its members were yet Cabinet officers and Senators. The Order of the K. G. C. ramified throughout the South. First offered services to Juarez, who refused them because too dangerous. They then plotted the invasion of Cuba, which failed. Then declared themselves Protectors of Southern Rights and levied a contribution upon all planters and slaveholders — some giving $5 and some $10, and some more or less. In this way they got large sums and commenced operations. They designed to seize Washington and inaugurate Breckinridge; and in reference to this Mason wrote Faulkner advising him not to resign — this letter being now in Seward's possession. This plot only failed through the bringing of troops to Washington, and the unwillingness of leaders to make a bloody issue so early. — He spoke of Genl. Scott. Said he had not treated him well — had placed McDowell in command over the river last year, superseding himself, and when he had asked for explanation he simply replied that his orders had been given. He felt himself wronged, but did his duty to the best of his ability. He was afterwards treated badly by Genl. Wool who did not like him, though he treated him civilly. Had lately been in command at Suffolk (an insignificant post) until summoned here to Court of Inquiry. Wanted active employment but was unable to get any. Had sent for his horses, and proposed to visit all the fortifications around the city on his own account. — I was a good deal affected by the manifest patriotism and desire to do something for his country manifested by the old General; and could not help wishing that he was younger and thinking that, perhaps, after all, it would have been better to trust him.

After the General left, went to War Department, where found the President, Stanton and Wadsworth. The President said he had felt badly all day. Wadsworth said there was no danger of an attack on Washington, and that the men ought to be severely punished who intimated the possibility of its surrender. The President spoke of the great number of stragglers he had seen coming into town this morning; and of the immense losses by desertion.

Returned home. Maj. Andrews and others called.
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1 Knights of the Golden Circle.

SOURCE: Annual Report of the American Historical Association for the Year 1902, Vol. 2, p. 69-71