“ From then on he was one of the most eloquent and frequent debaters among his colleagues, and in 1859, almost without opposition, he was re-elected to the Senate as a member of the Republican party, in the organization of which he had taken an influential part. He was a delegate in 1861 to the Peace Congress, but after the actual outbreak of hostilities he insisted that the war should be prosecuted vigorously. ”

“ As chairman of the Senate Committee on Finance, his services were second in value only to those of President Lincoln and Secretary Salmon P. Chase in efforts to provide funds for the defence of the Union; and in July 1864 Fessenden succeeded Chase as secretary of the treasury. The finances of the country in the early summer of 1864 were in a critical condition; a few days before leaving office Secretary Chase had been compelled to withdraw from the market $32,000,000 of 6% bonds, on account of the lack of acceptable bids ”