The second largest (first is Woodrow Wilson – $1000,000 bill) United States denomination currency is $10,000 bill, has the picture of Secretary of Treasury Salmon P. Chase, (Also, his face appears on $1.00 and $10.00 notes printed in 1860s) serving in President Abraham Lincoln’s administration. These bills were printed from 1928 – 1864. In 1861, Salmon P. Chase began serving as the Secretary of the Treasury. In 1864, he was appointed sixth Chief Justice of the United States Supreme Court. During that time he was Chief Justice, he presided over the impeachment of President Andrew Johnson and the Reconstruction Period. Also, he drafted two clauses of the Fourteenth Amendment of the Constitution, signed into law in 1868, which extended citizenship rights to all people born or naturalized in the United States. He departed the Chief Justice position in 1873.
Salmon P. Chase, born in Cornish, New Hampshire on January 13, 1808, nine of eleven children, and from a prominent family, whose roots were established in early, during the colonial period. His father died, when Chase was nine years old. In 1820, Chase moved to his uncle Philander Chase’s farm in Worthington, Ohio. His uncle was an Episcopal bishop and President of Cincinnati College, were Chase was enrolled. In 1826, Salmon P. Chase, graduated from Dartmouth College at the age of eighteen, and Phi Beta Kappa. Four years later, he was admitted to the Ohio bar and September of 1830, he opened his law practice, in a new brick office on Third Street. As young practicing lawyer, began collecting and annotating all the laws of Ohio from 1788. This is revealed in a publication, of three volumes set of the Statues of Ohio in 1833. He was deeply devoted helping the abolitionist movement and became known as “Attorney General for Fugitive Slaves,” by defending escaped slaves. His moral and religious background formed his beliefs, helping to defend escaped slaves.
In 1849, Salmon P. Chase was elected to the United States Senate from Ohio on the Soil Free Party. In August 1848 at Buffalo, New York meeting of antislavery members of the Whig Party (The Whig Party was established in 1834 by politicians, opposed to the “executive tyranny of Andrew Jackson) and Liberty Party, established the Free Soil Party (Some members of the first Antislavery Society in 1831, were disgruntled by their radical leader William Lloyd Garrison. In 1839, formed rival organization, the American and Foreign Antislavery Society. The following year, this society formed a political party, named the Liberty Party.) This new party opposed extending slavery into the western terrorizes. Members of this organization, rallied upon their slogan “free soil, free speech, free labor, and free men.” In 1855, Mr. Chase was elected Governor of Ohio and reelected in 1857. In 1861, Chase was reelected as Senator, two days later he resigned, and became President Lincoln’s Secretary of the Treasury. The accomplishments he achieved as Secretary of the Treasury: Improved the status of the US currency by proposing a national bank system (established in 1863), established the Internal Revenue Division, and took part in achieving with Congress a new fiscal legislation, which was necessary funding the Civil War, by collecting new taxes, establishing largest loans from reluctant investors, and vast expenditures.
His pronounced identification with the United States currency, earned him the nickname “Old Greenback.” According to history, President Lincoln and his cabinet, and had their difference with Chase, especially related to Chase’s desire to end slavery, a major war aim, which President Lincoln had resisted. Subsequently, after four previous refusals to accept Chase’s resignation, President Lincoln finally did so on June 29, 1864, which was a surprise to Chase. However, despite any difference, President Lincoln appointed Chase as Chief Justice of the Supreme Court, by the end of 1864, which was months after Lincoln’s reelection, and four months before his assassination. In 1868 the Democratic Party and in 1872 the Liberal Republican Party, were not interested in supporting Chase pursuit, for the office of the President.
In 1873, Salmon P. Chase died in New York City, proceeding years as Secretary of the Treasury, and Chief Justice of the Supreme Court. He was given a formal state funeral and buried in Oak Hill Cemetery near Washington DC in 1886. Later, his body was moved to Spring Grove Cemetery in Cincinnati. Upon his death, leaving his widow a small amount of property and ten surviving children. He had been married previously twice.
In 1943, law students at Cincinnati YMCA Law School, by their request, managed to change the name of the school to Salmon P. Chase College of Law, on their fiftieth law school anniversary. In the law school, a room was dedicated to former secretary Salmon P. Chase, and referred to as the “Chase Room.” The room contains, his chair, family bible, first edition of the Statues of Ohio, and school law library owns microfilm edition of the Salmon P. Chase papers, letters and documents, more than 14,000
In March 2006, Salmon P. Chase name appeared in the news. Discovered in a Green Bay Wisconsin bank customer’s safety deposit box, a $10,000 United States bill which bear’s his likeness, of the former Secretary of the Treasury. The safety deposit box owner had died twenty years earlier. The family of the deceased woman, exchanged the currency for face value, and the bank stored the bill in a plastic sleeve for protection. It was one of fifteen large-denomination bills at the bank branch. The bank officials, decided would be safer to keep the bills, stored at the JP Morgan Chase & Company corporate office in New York. The bill was send by armored truck. According to the online encyclopedia Wikipedia, about 300 $10,000 bills are known to exist.