JUNE 30, 1864:
President
Lincoln establishes Yosemite National Park.
The Revenue Act of
1864, also signed by the President today, increased the marginal tax rates on
wealthier Americans.
Lincoln also accepted the resignation of
his combative Secretary of the Treasury, Salmon P. Chase, this day. Chase, who
had been Lincoln’s rival for the 1860 Republican Presidential nomination, still
harbored dreams of being President in 1864 or afterward (a goal he never would
attain), but of all Lincoln’s Cabinet members Chase had been the most
duplicitous, feeding false information to Congress and to the Press in order to
undercut Lincoln’s chances for renomination and reelection in favor of himself.
A stiff, humorless, and unimaginative man, Chase lived on intrigues the way
other men live on oxygen.
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