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See also:FESSENDEN, See also:- WILLIAM
- WILLIAM (1143-1214)
- WILLIAM (1227-1256)
- WILLIAM (1J33-1584)
- WILLIAM (A.S. Wilhelm, O. Norse Vilhidlmr; O. H. Ger. Willahelm, Willahalm, M. H. Ger. Willehelm, Willehalm, Mod.Ger. Wilhelm; Du. Willem; O. Fr. Villalme, Mod. Fr. Guillaume; from " will," Goth. vilja, and " helm," Goth. hilms, Old Norse hidlmr, meaning
- WILLIAM (c. 1130-C. 1190)
- WILLIAM, 13TH
WILLIAM See also:PITT (1806—1869) , See also:American states-See also:man and financier, was See also:born in See also:Boscawen, New See also:Hampshire, on the 16th of See also:October 18o6. After graduating at See also:Bowdoin See also:College in 1823, he studied See also:law, and in 1827 was admitted to the See also:bar, eventually settling in See also:Portland, See also:Maine, where for two years he was associated in practice with his See also:father, See also:Samuel Fessenden (1784-1869), a prominent lawyer and See also:anti-See also:slavery See also:leader. In 1832 and in 1840 Fessenden was a representative in the Maine legislature, and in 1841—1843 was a Whig member of the See also:national See also:House of Representatives. When his See also:term in this capacity was over, he devoted himself unremittingly and with See also:great success to the law. He became well known, also, as an eloquent See also:advocate of slavery restriction. In 1845—1846 and 1853—18J4 he again served in the See also:state House of Representatives, and in 1854 was chosen by the combined votes of Whigs and Anti-Slavery Democrats to the See also:United States See also:Senate. Within a fortnight after taking his seat he delivered a speech in opposition to the See also:Kansas-See also:Nebraska See also:Bill, which at oncemade him a force in the congressional anti-slavery contest. From then on he was one of the most eloquent and frequent debaters among his colleagues, and in 1859, almost without oppositiqp, he was re-elected to the Senate as a member of the Republican party, in the organization of which he had taken an influential See also:part. He was a delegate in 1861 to the See also:Peace See also:Congress, but after the actual outbreak of hostilities he insisted that the See also:war should be prosecuted vigorously. As chairman of the Senate See also:Committee on See also:Finance, his services were second in value only to those of See also:President See also:Lincoln and Secretary See also:Salmon P. See also:Chase in efforts to provide funds for the See also:defence of the See also:Union; and in See also:July 1864 Fessenden succeeded Chase as secretary of the See also:treasury. The finances of the See also:country in the See also:early summer of 1864 were in a See also:critical See also:condition; a few days before leaving See also:- OFFICE (from Lat. officium, " duty," " service," a shortened form of opifacium, from facere, " to do," and either the stem of opes, " wealth," " aid," or opus, " work ")
office Secretary Chase had been compelled to withdraw from the See also:market $32,000,000 of 6% bonds, on See also:account of the lack of acceptable bids; See also:gold had reached 285 and was fluctuating between 225 and 250, while the value of the See also:paper See also:dollar had sunk as See also:low as 34 cents. It was Secretary Fessenden's policy to avoid a further increase of the circulating See also:medium, and to redeem or consolidate the temporary obligations outstanding. In spite of powerful pressure the paper currency was not increased a dollar during his See also:tenure of the office. As the sales of bonds and treasury notes were not sufficient for the needs of the Treasury, See also:interest-bearing certificates of indebtedness were issued to See also:cover the deficits; but when these began to depreciate the secretary, following the example of his predecessors, engaged the services of the See also:Philadelphia banker See also:Jay See also:Cooke (q.v.) and secured the consent of Congress to raise the See also:balance of the $400,000,000 See also:loan authorized on the 3oth of See also:June 1864 by the See also:sale of the so-called " seven-See also:thirty " treasury notes (i.e. notes bearing interest at 7'3% payable in currency in three years or convertible at the See also:option of the holder into 6% 5-20 See also:year gold bonds). Through Cooke's activities the sales became enormous; the notes, issued in denominations as low as $50, appealed to the patriotic impulses of the See also:people who could not subscribe for bonds of a higher See also:denomination. In the See also:spring of 1865 Congress authorized an additional loan of $600,000,000 to be raised in the same manner, and for the first See also:- TIME (0. Eng. Lima, cf. Icel. timi, Swed. timme, hour, Dan. time; from the root also seen in " tide," properly the time of between the flow and ebb of the sea, cf. O. Eng. getidan, to happen, " even-tide," &c.; it is not directly related to Lat. tempus)
- TIME, MEASUREMENT OF
- TIME, STANDARD
time in four years the Treasury was able to meet all its obligations. After thus securing ample funds for the enormous expenditures of the war, Fessenden resigned the treasury See also:portfolio in See also:March 1865, and again took his seat in the Senate, serving till his See also:death. In the Senate he again became chairman of the finance committee, and also of the See also:joint committee on reconstruction. He was the author of the See also:report of this last committee (1866), in which the Congressional See also:plan of reconstruction was set forth and which has been considered a state paper of remarkable See also:power and cogency. He was not, however, entirely in See also:accord with the more See also:radical members of his own party, and this difference was exemplified in his opposition to the See also:impeachment of President See also:- JOHNSON, ANDREW
- JOHNSON, ANDREW (1808–1875)
- JOHNSON, BENJAMIN (c. 1665-1742)
- JOHNSON, EASTMAN (1824–1906)
- JOHNSON, REVERDY (1796–1876)
- JOHNSON, RICHARD (1573–1659 ?)
- JOHNSON, RICHARD MENTOR (1781–1850)
- JOHNSON, SAMUEL (1709-1784)
- JOHNSON, SIR THOMAS (1664-1729)
- JOHNSON, SIR WILLIAM (1715–1774)
- JOHNSON, THOMAS
Johnson and subsequently in his voting for Johnson's acquittal. He See also:bore with calmness the See also:storm of reproach from his party associates which followed, and lived to regain the esteem of those who had attacked him. He died at Portland, Maine, on. the 6th of See also:September 1869.
See See also:Francis Fessenden, See also:Life and Public Services of William Pitt Fessenden (2 vols., See also:Boston, 1907).
End of Article: FESSENDEN, WILLIAM PITT (1806—1869)
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