Financier; born in Northumberland, Pa.
, July 23, 1801; graduated at the University
In 1826 he settled in Natchez, Miss.
; was United States
Senator from 1837 to 1845, being a Democratic leader in that body, warmly supported the financial measures of President Van Buren
; and had great influence over President Tyler
, counselling the vigorous steps which led to the annexation of Texas
During the administration of President Polk
he was Secretary of the Treasury
, and in 1857-58 was governor of Kansas Territory
He resigned, being “unwilling,” he said, “to aid in forcing slavery on that Territory by fraud and forgery.”
In 1863-64 he was financial agent of the United States
, effecting the sale of $250,000,000 of fivetwenty bonds, and defeating the second authorized Confederate loan of $175,000,000. He was an efficient advocate of the Pacific Railroad and of free-trade.
His celebrated report in favor of free-trade was reprinted by order of the British
House of Commons.
He died in Washington, D. C.
, Nov. 11, 1869.