Financier; born in
Northumberland, Pa., July 23, 1801; graduated at the
University of
Pennsylvania in 1819.
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 in
Europe, 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.