1905-1909
President James Beaver
James Beaver had succeeded President Longstreet after the latter’s death, serving for eleven months before being elected in his own right as president. Beaver kept the same cabinet that Longstreet had chosen, not wanting to experience any large shake ups. President Beaver was, unfortunately, later forced to find a new Secretary of War when Thomas Jackson of Virginia passed away in his sleep at the ripe age of eighty one. Beaver eventually settled on William Alexis Stone of Pennsylvania. Stone had campaigned for Beaver during the 1890 Pennsylvania gubernatorial election and the American president believed it would be a good reward.
Jackson would not be the only important government official to die while Beaver was in the Octagon House. Chief Justice Abraham Lincoln, who had been selected by Thaddeus Stevens himself back in 1861, died on July 2nd, 1905. Lincoln’s death sent a shockwave through the nation, having sworn in ten presidents (Smith, Lee, Colfax, Seymour, Pope, his son Robert Lincoln, Sickles, Earp, Longstreet, and Beaver) and was one of the most influential Chief Justices in American history, influencing the court on civil rights cases and monopoly regulation. Lincoln had served for forty four years, beating John Marshall’s record by nine years. But, despite the feeling that it was a legacy unable to truly be lived up to, Beaver would have to find somebody to fill the empty seat. After three weeks of searching, James Beaver nominated John Marshall Harlan of Kentucky. Harlan skirted the line between conservative Laborite and libral Democrat and was generally inoffensive to either party. Harlan was confirmed by the senate as the 8th Chief Justice of the United States Supreme Court.
Chief Justice John M. Harlan
In 1905, the United States was once again drawn into foreign affairs by serving as a mediator in August of 1905. The Russo-Japanese War came to an end after the signing of the Treaty of Portsmouth in September, which saw Russian troops leaving Manchuria, and Japan assuming authority over Korea and the southern portion of Sakhalin island. The United States had developed an interest in South East Asia after the Spanish American War, and had participated in putting down the Boxer Rebellion. Aware of Japan’s increasing military might, Secretary Stone was sent to Japan and met with Japanese government officials. An agreement was signed that reaffirmed that America would recognize Japanese dominion over Korea, and that the island nation would not interfere with the Philippines.
Like previous presidents, Beaver took action against unfair business practices in 1905 by having an ally in the house propose legislation regulating railroads. The act would help regulate railroad rates. While passing easily in the house, it was soon halted in the senate. Conservative Democratic Senator Nelson Aldrich opposed the reforms and appointed Joseph Weldon Bailey of Mississippi to head the bill. Senator Bailey opposed most reforms in general, and aimed to either kill the bill or alter it to the point where it was unrecognizable. Many opposed some of the more sweeping reforms proposed by the Laborites, there was enough support for the bill that Aldrich was sufficiently pressured to revoke control of authoring the bill from Senator Bailey. Heading of the bill was handed over to Senator William Alexander Harris of Kansas.The Hepburn Act was signed in 1906. As a compromise for the more conservative members of the senate, the bill possessed a vague wording in regards to court review of the ICC’s rate setting power.
Even before becoming president, James Addams Beaver was a conservationist. Now that he resided in the Octagon House, Beaver could launch a larger conservation program on a nationwide level. The 1906 Antiquities Act gave the president authority to create national monuments in federal lands. Beaver would create many reserves in the United States. Later in 1907, President Beaver established the Inland Waterways Commission to coordinate the building of water projects for both transportation and conservation purposes. Beaver’s policies towards conservation brought opposition between him and his Secretary of State Henry Teller. Teller, though his domain was foreign matters, not domestic, believed that the conservation efforts would hamper the economic development of the west. Pushback from other members of congress would halt Beaver’s conservation policy, preventing more conservation efforts.
Despite beginning his term with a high approval rating, his presidency would end on a sour note. Caused by stock manipulation to corner the market in the United Copper Company. The scheme to corner the market failed and sent United Copper spiraling into bankruptcy. The failure of United Copper led to the State Savings Bank of Butte Montana declaring insolvency. This resulted in a panic as the Mercantile National Bank in New York City experienced a run as depositors took out their savings from the bank. Following this was a run on banks associated with the Mercantile National Bank. To prevent the taint following major heads of each bank, the New York Clearing House forced Charles W. Morse and F. Agustus Heinze, who were at the heart of the brewing economic problem, to resign all banking interests. Soon, however, the Knickerbocker Trust Company was subjected to a bank run, which in turn resulted in other banks becoming more reluctant to lend money. This led to loans for stock brokers soaring, and they were unable to gain enough finances to fuel the stock market, resulting in the spread of the panic. Through the intervention of wealthy capitalists and bankers such as John D. Rockefeller and J.P. Morgan, the collapse of the stock exchange was narrowly avoided. To prevent another crash so soon after the first, Morgan convinced President Beaver to allow a merger of Tennessee Coal, Iron and Railroad Company and U.S. Steel to prevent the collapse of the former. The panic had resulted in a major disruption of the American economy. Production had sharply decreased, as did imports. Unemployment rose from under two percent to roughly eight percent while immigration rates dropped to below eight hundred thousand.
The Democrats, who had been kept out of the executive branch for fourteen years by the time of the panic, found a new weapon to wield against the Laborites. Conservatives bashed James Beaver and deceased Longstreet for their crusades against trust busting and monopolies, blaming the recent panic as byproducts of “radical labor policies.” Party fatigue and the recent panic contributed to what is commonly known as the “Conservative Backlash of 1908” which saw the conservative Democrat Alton B. Parker of New York defeating James Beaver for reelection in November.
During the lame duck period between the November election and Parker’s inauguration in March, Associate Justice James Ewell Brown Stuart died of a stroke on December 14th, 1908. Known as the “Cavalier of the Court” for his exploits in the U.S. Cavalry, Stuart had been a popular figure who remained in the public eye for decades. His seat would remain unoccupied until after Parker was inaugurated.
The Parker Cabinet
Vice President: Henry G. Davis
Secretary of State: Richard Olney
Secretary of Treasury: John Kean
Secretary of War: Theodore Roosevelt
Attorney General: John Alden Dix
Postmaster General: Edward C. Wall
Secretary of the Navy: Thomas C. Platt
Secretary of the Interior: Joseph Gurney Cannon