In 1840, as is well known, the anti-slavery movement became divided into those who still believed in the efficacy of "moral suasion" and those who considered that the time had come for introducing the question into practical politics. The Texas question made the latter course inevitable, and Elizur Wright concluded that moral suasion had done its work. As he expressed it, in a letter to Mrs. Maria Chapman: "Garrison has already left his enemies thrice dead behind him." He was a delegate to the convention of April 1, 1840, which nominated James G. Birney for the Presidency, and took an active share in the Free-soil movement of 1844,— a movement which produced exactly the opposite effect from that which was intended; for the defeat of Henry Clay opened the door for the Mexican war and the annexation of a much larger territory than Texas. If Clay had been elected, the history of the United States must have been different from what it has proved.
How Elizur Wright supported his family during this long period of philanthropy will always be a mystery, but support them he did. He had no regular salary like Garrison, but, in an emergency, he could turn his hand to almost anything, and earn money by odd jobs. Fortunately, he had a wife who was not afraid of any kind of house-work. He purchased his clothes of a tailor named Curtis, who kept a sailors' clothing store on North Street, and his mode of living otherwise was not less economical.
That his children suffered by their father's philanthropy must be admitted, but it is a general rule that the families of public benefactors also contribute largely to the general good. His eldest daughters inherited their father's intellect, and as they grew up cheerfully assisted him in various ways.
When the Mexican war began there was great indignation over it in New England, and Lowell wrote his most spirited verses in opposition to it. Elizur Wright took advantage of the storm to establish a newspaper, the Chronotype, in opposition to the Government policy. He began this enterprise almost without help, but soon obtained assistance from leading Free-soilers like John A. Andrew, Dr. S. G. Howe, and especially Frank W. Bird, the most disinterested of politicians, who gave several thousand dollars in support of the Chronotype. The object of the paper, stated in Mr. Wright's own words, was "To examine everything that is new and some things that are old, without fear or favor; to promote good nature, good neighborhood, and good government; to advocate a just distribution of the proper reward, whether material or immaterial, both of honest labor and rascally violence, cunning and idleness; last, but not least, to get an honest living." In 1848 he had a list of six thousand subscribers; and his incisive pen was greatly feared. The Post, which was the Government organ in Boston, attacked him once, but met with such a crushing rejoinder that its editor concluded not to try that game again. His capacity for brain labor was wonderful. He could work fourteen hours a day, and did not seem to need recreation at all.
In the campaign of 1844 Elizur Wright made a number of speeches for the Free-soil candidate in various New England cities. One morning he was returning from a celebration at Nashua, when at the Lowell station Daniel Webster entered the train with two or three friends, and turned over the seat next to Mr. Wright. A newsboy followed Webster, and they all purchased papers. Elizur Wright purchased a Whig paper, and seeing a statement in it concerning the Free-soil candidate which he believed from internal evidence to be untrue, he said quite loud: "Well! this is the finest roorback I have met with." Webster inquired what it was, and, after looking at the statement, pronounced it genuine. A short argument ensued, which closed with Webster's proposing to bet forty pounds that the allegation was true. "I am not a betting man," replied Wright, "but since the honor of my candidate is at stake, I accept your wager." Webster then gave him his card, and Wright returned it by writing his name on a piece of the newspaper.
Elizur Wright no sooner reached his office than he found letters and documents there disproving the Whig statement in toto, and later in the day he carried them over to Mr. Webster, who had an office in what was then Niles's Block. Mr. Webster looked carefully through them, congratulated Mr. Wright on his good fortune, and handed him two hundred- dollar bills. Peter Harvey, who was in Webster's office at the time, afterwards stopped Elizur Wright on the sidewalk and said to him: "Mr. Wright, you could have afforded to lose that wager much better than Webster could."
It is remarkable how all the different interests in this man's life— mathematics, philanthropy, journalism, and the translation of La Fontaine—united together like so many different currents to further the grand achievement of his life. While in England he had taken notice of the life-insurance companies there, which were in a more advanced stage than those in America. They interested him as a mathematical study, and also from the humanitarian point of view. He purchased "David Jones on Annuities," and the best works on life insurance. These he read with the same ardor with which young ladies devour an exciting novel, and without the least expectation that they might ever bring dollars and cents to him; until one day in the spring of 1852 an insurance solicitor placed an advertising booklet in his hand as he was entering the office of the Chronotype.
Elizur Wright looked it over and perceived quickly enough that no company could undertake to do what this one pretended to and remain solvent. The booklet served him for an editorial, and before one o'clock the next day agents from every life company in Boston were collected in his office. They supposed at first that it was an attempt at blackmail, but soon discovered that Elizur Wright knew more about the subject than any of them. Neither threats nor persuasions had any effect on this uncompromising backwoodsman. Only on one condition would Mr. Wright retract his statements,—that the companies should reform their circulars and place their affairs in a more sound condition. The consequence of this was an invitation from the presidents of several of the companies for Mr. Wright to call at their offices and discuss the subject with them.
The situation was this, and Mr. Wright saw it clearly: the presidents of the companies were excellent men,—as honorable and trustworthy as the presidents of our best national banks,—and they knew how to organize and conduct their companies in all business matters, but of life insurance as a science they knew as little as they knew of Greek. In those days there was a prejudice against college graduates which prevented their obtaining the highest mercantile positions, and it is doubtful if there was any person connected with the life-insurance companies who could solve a problem in the higher mathematics. The consequence of this was that it placed the presidents quite at the mercy of their own accountants. Recent events have proved with what facility the teller of a bank can abstract twenty or thirty thousand dollars without its appearing in the accounts. Temptations and opportunities of this sort must have been much greater in life-insurance companies, as they were formerly conducted, than it is now in banks. Money may have been stolen without its having been discovered.
Besides this, the temptations of the companies to continually over-bid one another for public favor was another evil which, sooner or later, would lead some of them into bankruptcy. This danger could only be averted by placing their rates of insurance on a scientific basis, which should be the same and unalterable for all companies.