‘Stonewall’ Jackson represents a great ‘what if’ of the American Civil War

An oil portrait of Thomas “Stonewall” Jackson painted in 1862 sold for $23,302 at a December 2007 Heritage auction.

“Look! There is Jackson standing like a stone wall! Let us determine to die here today and we will conquer.” – General Barnard Bee, 1861, First Manassas/First Battle of Bull Run

By Jim O’Neal

Thomas Jonathan “Stonewall” Jackson (1824-1863) was born at Clarksburg, deep in the mountains of what is now West Virginia. He was only 2 years old when his sister and father died of typhoid fever. The Jacksons had been longtime residents, but his father was a lawyer struggling with growing debt. His mother and three children were forced to become wards of the small town. Even after she remarried, they were unable to support the family and the children were sent individually to various relatives. Jackson’s mother died barely a year after the family break-up.

TJT grew up working for an uncle who ran a lumber and grist mill. The absence of parents or a real family resulted in a hardy young man, withdrawn and shyly introspective. He relied on friendly tutors and a love of reading to attain a very limited education. His first bit of luck occurred when a nominee for the U.S. Military Academy changed his mind and Jackson took his place.

Few, if any cadets ever entered West Point with less scholastic preparation. Moreover, the mountain lad was naturally introverted and almost entirely devoid of basic social skills. Somehow, he used energy, determination and a passion for learning in lieu of formal preparation. Studying day and night helped him rise from near the bottom to graduate 17th out of 59 cadets in the class of 1846.

The War with Mexico had just started and Jackson entered the Army as a lieutenant in the 3rd U.S. Artillery and he was dispatched at once to Mexico. After a slow start, he participated in the Siege of Veracruz in March 1847. Then he was cited for gallantry at both Contreras and Chapultepec. By the end of the war, he was a brevet major and had outperformed all of his West Point classmates.

After the war, he returned with the Army, first to New York and then to Fort Meade, deep in the middle of Florida. It was here that he received an offer from the small Virginia Military Institute (VMI) to be Professor of Artillery Tactics and Optics in Lexington, Va. He was plagued with health issues to the point that many historians believe he was a hypochondriac. That aside, he became intensely interested in religion, which would play a major role in his personal and military activities. Eventually, he joined the Presbyterian church and was a highly devout Calvinist.

The signs of the coming civil war were growing rapidly and as early as Oct. 16, 1859, John Brown made an effort at Harpers Ferry to initiate a slave revolt in Southern states by taking over the arsenal and arming slaves. Brown had 22 followers, but 88 Marines led by Colonel Robert E. Lee quelled the revolt. Stonewall Jackson was one of the troops guarding Brown until he was executed. By coincidence, John Wilkes Booth was one of the spectators at the hanging. Many refer to this incident as the “dress rehearsal for the Civil War.”

Stonewall Jackson remained a strong Unionist until he thought his beloved Virginia was threatened by federal coercion. When secession finally occurred, he offered his services to the Confederation. He left Lexington on April 21, 1861, never to see his adopted town again. Robert E. Lee, of course, was offered command of all Union forces, but like Jackson, his loyalty to Virginia was stronger than to the United States.

It was from here that Stonewall Jackson earned his reputation as one of the most brilliant commanders in American history. Even though his field services in the Civil War lasted but two years, his movements continue to be studied at every major military academy in the world. He was an artillerist who excelled in infantry tactics. He was a devout Christian but merciless in battle … paradoxical because of odd eccentricities, but an inflexible sense of duty, mixed with steel-cold tactics. One explanation offered was his belief that he was fighting on the order of Joshua, Gideon and other commanders of Old Testament fame. His credo was best summed up in a single statement: “My religious belief teaches me to feel as safe in battle as in bed. God has fixed the time for my death. I do not concern myself about that.”

Appointed a colonel of infantry on April 27, 1861, Jackson’s first orders were to return to the Shenandoah Valley and take command of an inexperienced militia and volunteers. This was a traumatic shock as the new commander assumed his duties with a stern regime. Units accustomed to parades underwent hours of daily drills, incompetents were quickly expunged and the town’s entire liquor supply was eliminated. The area was quickly ringed by armed pickets and artillery emplacements. Jackson taught the ignorant and punished the insubordinate.

It was such a rapid and dramatic transformation that Jackson was promoted to brigadier general on June 17 and given a brigade of five infantry regiments. The most famous nickname in American history came to Jackson just four weeks later at Manassas. His career proceeded at a dizzying pace and on Oct. 10, 1862, Jackson was appointed lieutenant general of half of General Lee’s forces. In spring 1863, Jackson performed his most spectacular flanking in the tangle of the Virginia Wilderness. He routed General Joe Hooker’s Army and for the first time rode to the front lines to personally assess the situation. He was returning when Confederates mistook the general and opened fire.

On May 2, three bullets struck Jackson, shattering his left arm below the shoulder. He died eight days later when pneumonia overtook him on May 10, 1863. His last words were “Let us cross over the river and rest under the shade of the trees.” The South had lost the most famous martyr of the Confederacy. General Robert E. Lee had lost the equivalent of his right arm. He never recovered.

For many years after the war’s end, Lee would speak of General Jackson. The words would vary, but the sentiment remained the same. “If I had Stonewall Jackson with me, I should have won the Battle of Gettysburg.” He even imagined Stonewall beside him in later battles, facing Grant in the Wilderness. “If Jackson had been alive and there, he would have crushed the enemy!”

For General Lee and for Americans ever since, the untimely death of Stonewall Jackson is the great “what if” of Civil War history. Jackson shaped the war in the Eastern theater with his aggressive tactics. His absence not only changed Confederate operations and Southern morale, but the tactical methods of General Lee.

“I know not how to replace him,” Robert E. Lee said at Stonewall Jackson’s funeral.

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Buffalo Bill and troupe created Wild West myth that remains with us today

A rare matched pair of A. Hoen & Co. posters promoting Buffalo Bill’s Wild West sold for $31,070 at a June 2012 Heritage auction.

By Jim O’Neal

In 1601, William Shakespeare wrote in Twelfth Night: “Some are born great, some achieve greatness and some have greatness thrust upon them.”

In Shakespearean times, greatness was often equated with fame. But, as the Bard pointed out, although people may become famous in a myriad of ways, fame (per se) was predicated most often on the idea of “greatness.” People were famous because they were important in some way.

For most of human history, few individuals in each generation actually achieved great fame. And that fame was usually derived from actions of consequence in politics, war, religion, science or other ways that deeply affected society. However, being famous is not the same as being a celebrity. Many celebrities will never do anything important at all, unless entertainment is loosely interpreted.

Modern celebrity is a relatively recent phenomenon. Before the 20th century, few people were famous without accomplishment. That changed with the advent of national magazines, followed by radio, movies, television and, most recently, the internet and social media. Yet even as the 20th century debuted, many Americans began to look back with a lingering nostalgia for the past. People in the new industrial cities of the Midwest and East began yearning for the fading vision of the Old West. It enveloped even those who had never ventured West of the Mississippi, perhaps as a wistful item to see before it disappeared.

Right on cue was a ready-made version of that romanticized history by one of the 20th century’s first celebrities. William Frederick “Buffalo Bill” Cody (1846-1917) was intimately familiar with the often brutal reality of the 19th century. As a boy in Kansas, he witnessed firsthand his father being attacked and stabbed for his vocal anti-slavery views. At 15, he was one of the short-lived Pony Express riders, followed by stints as a fur trapper, bullwhacker, “Fifty-Niner” (in Colorado), Army scout and, of course, buffalo hunter.

After the Civil War, Cody worked for the Army, sometimes helping to track, fight and even kill American Indians. He worked as a buffalo hunter (technically American bison) on the Great Plains, slaughtering the great beasts to help feed the troops. But he also had a keen eye on fame and a flair for self-promotion. In his late 20s, this led to working as an actor in travelling Wild West road shows.

This new form of entertainment was a live, open-air variety show where crowds were awed by noisy displays of skill involving trick riding, sharp shooting and rope tricks. But the primary crowd-pleasers were large-scale dramatizations of daring Western stories. These were typically battles between “Americans” and Indians in full war paint with galloping horses.

While promoters made wild claims about the authenticity of the battle stories, in general they were greatly fictionalized or, at a minimum, highly exaggerated. Audiences were enthralled by these largely false, heroic re-enactments of the cruel, brutal conquest of American Indians as the United States “tamed” the West. They inspired Cody, then a youngish 33, to publish his memoir, The Life and Adventures of Buffalo Bill.

It provided a handy springboard for his own road show in 1883: Buffalo Bill’s Wild West. Earlier, his life and adventures had been sensationalized in a series of dime novels by E.Z.C. Judson (alias Ned Buntline) and his fame gained an international flair as just “Buffalo Bill.” Cody then spent the better part of three decades touring the United States with a large company of entertainers. Among them were American Indian people from the West, which resulted in a somewhat complicated relationship. However, the shows provided them with decent wages and a welcome escape from the grinding poverty of the reservations they eschewed.

Meanwhile, white performers like “Wild Bill” Hickok and Annie Oakley were developing their own celebrity status. Annie regarded Buffalo Bill as “the kindest, simplest, most loyal man I ever knew.” He called her the “Champion Shot of the World.” Unlike much of the highly fictionalized show, Oakley was the real deal. Born Phoebe Ann Mosey in 1860, she learned to shoot as a child to help feed the family. Years later, while competing in a shooting contest, she met her future husband, traveling-show sharpshooter Frank E. Butler (whom she defeated when he missed the last of 25 balls and Annie hit all 25). When the couple joined Buffalo Bill’s extravaganza, Annie took the spotlight and Frank became her manager. They were married for 50 years and he died three weeks before her death.

In one example of her dazzling act, Butler would swing a glass ball at the end of a string, and Annie, with her back turned, sited the moving target and shot it with her gun slung over her shoulder. She was universally admired and Chief Sitting Bull (another star of the show) called her “Miss Sure Shot.”

Buffalo Bill sensed there was a big opportunity in Europe and in 1887 his troupe sailed off to London with 180 horses, 18 buffalo, 97 American Indians and a full-size Western stagecoach. The show was an exceptional success in England, where enormous crowds had gathered for Queen Victoria’s Golden Jubilee. The queen even attended a performance and reportedly called Annie “a very clever little girl.”

A second trip to Paris in 1889 to celebrate the 100th anniversary of the French Revolution was even more successful. Millions attended the Paris Exposition with Cody’s “Buffalodrum” the clear favorite. The tour was extended to include the Pope and then on to Berlin, where Kaiser Wilhelm reportedly had Annie shoot a cigar out of his mouth. Annie later quipped a fatal miss could have prevented World War I (the young Kaiser played a major role in launching the war). She was such a success that the King of Senegal wanted to buy her for 100,000 Francs.

By 1900, Buffalo Bill was one of the most famous Americans in the world. He had achieved his celebrity by offering people an idealized version of the complicated and tumultuous 19th century American West. Perhaps more than anyone else, Bill, Annie and their troupe of cowboys and Indians created the myth of the Wild West that remains with us today.

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Our country is a better place because of Horace Greeley

A rare 1872 presidential campaign banner for Horace Greeley and Benjamin Gratz Brown sold for $38,750 at a November 2018 Heritage auction.

By Jim O’Neal

In his autobiography, Horace Greeley made a critical observation when he wrote: “Having loved and devoured newspapers, I early resolved to be a printer if I could.” Not only was he able to fulfill his resolution, but a strong case exists that he was probably the preeminent printer/editor of the 18th century, easily surpassing Ben Franklin, James Gordon Bennett and the other prominent American editors.

Newspapers had started as a modest sideline for printers before they evolved into a potent force leading the inexorable push in support of American independence. It is telling that the founders, who debated for months over the construction of the Constitution and made many compromises in the process, easily agreed on the value of a free and independent press. The very first Amendment to this sacred document guaranteed freedom of the press and it is still the first one to be defended yet today without any controversy. In addition, the Postal Service Act of 1792 established generous subsidies to ensure widespread circulation (under the law, a newspaper was delivered to subscribers for only 1 penny up to 100 miles away).

As a child, Greeley (1811-1872) demonstrated a remarkable affinity for the printed word. He learned to read by age 3, and polished off the entire Bible two years later before starting on John Bunyan’s The Pilgrim’s Progress – a Christian allegory (1678) cited as the first novel written in English. This purportedly was followed by the Arabian Nights.

He had an encyclopedic memory crammed with dates, facts and significant events. Children with these mental abilities typically had little time for physical ability and Greeley was no exception. He was of little use in planting crops, tending animals or simply cavorting with other children. However, he was so obviously intelligent that a wealthy neighbor offered to send him to the prestigious Phillips Exeter Academy and then on to college. The Greeley family refused to accept any form of charity and Horace became even more determined to be successful.

In 1826, he accepted a position as a printer’s apprentice and in his spare time he read his way through the town’s public library. By 1831, he had migrated to New York City, trying his hand at various jobs involving printing, but with only modest success. Within three years, he was able to publish the first issue of The New-Yorker, an inexpensive literary magazine that failed during the Panic of 1837.

Undaunted, in 1840 he borrowed $1,000 and with the remnants of The New-Yorker started the now famous New-York Tribune. His timing was perfect and the Tribune was a success nearly from the first issue. Greeley had developed a revolutionary credo that was quickly adopted by the masses … the simple premise that newspapers should be printed to both entertain and inform the entire community. His competition had adopted a style that was limited to narrow petty issues, private interests and too many advertisements for shady schemes.

Greeley’s success as a publisher was primarily due to his bold thinking, daring imagination and total rejection of the stifling precedent that was so common. He literally invented the modern-style newspaper, much as Thomas Edison invented the light bulb. Those countless hours of reading had given him a discriminating taste and an eye for superior printing that hadn’t existed.

For three decades in the middle of the 19th century (1840-70), his pen produced a virtual torrent of essays, articles and books that earned him a reputation as a highly respected printer/editor in the newspaper vortex of New York. Inevitably, politics became his area of expertise, altering the form and content in new and exciting ways. Many believe he personally created modern journalism, proclaiming, “He chases rascals, not dollars.”

He was described as having a weird appearance … tall and angular with a head, torso and limbs that didn’t match. This was a perfect match for the range of topics he eagerly promoted: socialism (hiring Karl Marx to extoll the virtues), vegetarianism, agrarianism, feminism (he supported black suffrage but not for women), temperance and anti-trust (60 years before Teddy Roosevelt). He was anti-slavery but not for abolition, and was willing to let slave states secede at will (they will come back … no need for war).

This whole story came to an end in 1872 when he felt compelled to challenge President Ulysses S. Grant. Despite being one of the founders of the Republican Party, he had exposed a devastating list of crimes, corruption and incompetence that Grant had to be held accountable for. In a twist, the Democrats – who didn’t have their own candidate – nominated Greeley as a Liberal Republican!

Greeley died 30 days before the election and Grant had a reasonable second term.

Our country was a better place because of Horace Greeley.

This strange-appearing man – who managed to make Abraham Lincoln look debonair, who was too frightened to play baseball, yet who had the temerity to mingle with frenzied crowds taunting him after he paid the bail for Jefferson Davis after the Civil War – set a standard for personal ethics that still stands, although lost in the mist of history.

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Maybe it’s time for a First Gentleman

A three-piece coin silver coffee set, circa 1855, that belonged to Jefferson and Varina Davis sold for $28,680 at a June 2013 Heritage auction.

By Jim O’Neal

When a discussion of First Ladies occurs, the names of Dolley Madison, Eleanor Roosevelt and Jackie Kennedy Onassis are invariably among the first to be named. However, thanks to David McCullough’s splendid book (and TV mini-series) on John Adams, Abigail Adams (wife of one president and mother of a second) has gained long-overdue respect. Her wisdom, wit and persistent advocacy for equal rights for women was both fresh and modern.

The Adams marriage is well-documented due to an abundance of personal correspondence. She is also particularly associated with a March 1776 letter to John and the Continental Congress requesting that they “remember the ladies, and be more generous to them than your ancestors!”

As the first First Lady to reside in the White House, she was in a perfect position to lobby for women’s rights, especially when it came to private property and opportunities for a better education. After all, mothers played a central role in educating the family’s children. The more education she had, the better educated the entire family. It was this type of impeccable logic that made her so persuasive.

Had John won a second term, women’s progress would have been a big beneficiary with four more years of Abigail’s influence on policy-makers.

Abigail Adams is also given full credit for the total reconciliation of two long-time political enemies: Thomas Jefferson and her grouchy husband. They finally resumed their correspondence, which lasted right up until their same-day deaths on July 4, 1826 – the 50th anniversary of the founding of the nation.

That same year (1826), Varina Howell was born in rural Louisiana. Her grandfather, Richard Howell, served with distinction in the American Revolution (1775-1783) and would become governor of New Jersey in the 1790s. Her father fought in the War of 1812 and then settled in Natchez, Miss. Varina would later jokingly call herself a “half-breed” since she was born in a family with deep roots in both the North and South.

Jefferson Davis (1808-1899) was another prominent example of people who had deep ties to both the North and South, both in government and the military. In September 1824, he entered the U.S. Military Academy (West Point). He was in the middle of his class and was an infantryman 2nd Lieutenant in 1828. He married Sarah Taylor, daughter of President Zachary Taylor. However, they both contracted a fever and she died three months later. Deeply depressed, he lived in seclusion on his plantation until elected to Congress.

When the Mexican War started, he joined his ex-father-in-law’s army at Camargo, Mexico. Davis and his Mississippi riflemen did heroic duty. Davis was wounded at the Battle of Buena Vista and returned to the United States to find himself a hero. He was appointed to fill an unexpired U.S. Senate term. He was re-elected in 1850, gained prominence and made an unsuccessful bid to be governor. Newly elected President Franklin Pierce added him to his Cabinet as Secretary of War. Pierce had a problem with alcohol and relied on Davis to substitute when needed.

Inexorably, he was drawn into the vortex over the slavery issue. He spoke often of his love for the Union and even as the moral issues grew, he still felt the Union was safe, despite being fully aware of the growing political storm clouds. Devoted to the nation by lineage, history and patriotism, he was torn by the compact theory of the Union. These tenets held that the states were in fact sovereign, but they had yielded it by joining the Union and had to secede to reclaim it. He argued for stronger states’ rights within the Union, while urging moderation and restraint to save the Republic.

In December 1860, he was appointed to the Senate Committee of Thirteen, charged with finding a solution to the growing crisis. Davis ultimately judged the situation as hopeless and (reluctantly) advised secession and the formation of a Southern Confederacy.

Weary, dejected and ill, Jefferson Davis made a farewell address to the Senate on Jan. 21, 1861, emphasizing the South’s determination to leave the Union. Disunion was finally a stark reality. He and his family left Washington, D.C., and returned to Mississippi. It was there that he learned of his election as president of the Provisional Government of the Confederate States of America.

The Confederate guns began firing at Fort Sumter on April 12, 1861.

War began.

In one of the Civil War’s richest ironies, the second Mrs. Jefferson Davis – his wife of 16 years – was openly critical of secession, calling it foolish and predicting the Confederacy would never survive. As the first First Lady, she characterized her time as the worst four years of her life. She told her mother the South did not have the resources to win and when it was over, “She would run with the rest!”

She did run to Manhattan and supported herself writing columns for Joseph Pulitzer’s New York World. That baby born in 1826 had fallen in love with Jefferson Davis and became Varina Howell Davis. The only First Lady of the Confederacy died in 1906 and her tombstone reads simply “AT PEACE.”

Considering the wisdom of Abigail Adams and Varina Davis, maybe it’s time for a First Gentleman.

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Who will continue the story of the greatest country in history?

The myth of George Washington chopping down a cherry tree appears on this tin mechanical badge, which dates to 1889.

By Jim O’Neal

It is always a pleasant surprise to discover an obscure name that has been lost in the sands of America’s history. Charles Thomson (1729-1824) falls into that category. He was Secretary of the Continental Congress from 1774 continuously until the U.S. Constitution was firmly in place and the bi-cameral government was functioning in 1789.

He was also the only non-delegate to actually sign the Declaration of Independence. A surprisingly active participant in the Revolutionary War, he wrote a 1,000-page manuscript on the politics of the times. It included the formation of the Continental Congress and a daily recap of speeches and debates right up to the agreement to go forward. In concept, it was a remarkable, contemporary record that is unique (except for notes James Madison complied). The public was not allowed to even attend the meetings in Philadelphia.

Alas, Thomson’s manuscript was never published since he destroyed it. Purportedly, it was because he wanted to preserve the reputations of these heroes and assumed that others would write about these historic times. The obvious implication is that his candid verbatim notes might tarnish some of his fellow colleagues. Thomson receives credit for helping design the Great Seal of the United States and since he personally chose what to include in the official journal of the Continental Congress, we’re left to wonder what he omitted or later burned … another example of why history is normally not considered precisely correct.

Charles Thomson

As Secretary of the Congress, Thomson personally rode to Mount Vernon, Va., and delivered the news to George Washington that he had been elected president of the United States. He told Washington that Congress was delighted he’d agreed “to sacrifice domestic ease and private enjoyments to preserve the happiness of your country.” Washington, in turn, said he couldn’t promise to be a great president, but could promise only “that which can be done by honest zeal.”

Political pundits opine that the office of the president was perfectly suited for George Washington, especially during the early formative years of the nation. A well-known hero in the fight for independence, he was a national leader who gained power without compromising himself or his principles. Absent the burden of a political party, he could have easily assumed the kind of monarchical power the nation had fought against. But, like his hero Cincinnatus, he had laid down his sword and returned to the plow. Clearly, this was a case of the office seeking the man as opposed to the reverse.

Washington truly did not aspire to the presidency – perhaps unique compared to all the men who followed. In his own words, he considered those eight years a personal sacrifice. In that era, land was the ultimate symbol of wealth and prestige. Through inheritance, he had acquired Mount Vernon and roughly 2,000 acres. That was not close to satisfying his ambitions and he spent much of his private life in a search of more … much more!

Historian John Clark called him an “inveterate land-grabber” and there’s plenty of evidence to support the claim. In 1767, he grabbed land set aside for Indians by the Crown by telling the surveyor to keep it a secret. This was followed by another 20,000 acres designated for soldiers in the French and Indian War. Washington arranged for officers to participate and then bought the land after telling the solders it was hilly, scrubby acreage. Washington would later boast that he had received “the cream of the country.”

Most biographies have been consistent in pointing out that land may have been a prime factor in his decision to court the widow Martha Parke Custis. They invariably point to his strong affection for Sally Fairfax, but she was his best friend’s wife. Martha was not without attraction. As one of the richest widows in North America, her marriage to George resulted in a windfall since what was hers became his. In addition to nearly 100 slaves, her 6,000 acres made George a very rich man. Details of their relationship are not available since Martha burned their love letters after his death.

However, since slaves over 12 were taxed, there are public records. During the first year of their marriage (he was 26 and she was 28), he acquired 13 slaves, then another 42 between 1761 and 1773. From tax records, we know he personally owned 56 slaves in 1761 … 62 in 1762 … 78 in 1765 … and 87 in the 1770s. Washington, Jefferson, Madison and most Virginia planters openly acknowledged the immorality of slavery, while confessing an inability to abolish it without financial ruin.

Washington had a reputation for tirelessly providing medical treatment for his slaves. But, was it for regard of property or more humane considerations? I suspect the answer lies somewhere in between.

As the first president, the paramount issue – among the many priorities of his first term – was to resolve the new government’s crushing debt. In 1790, the debt was estimated at $42 million. It was owed to common citizens of modest means and to thousands of Revolutionary War veterans whose IOUs had never been redeemed as stipulated by the Articles of Confederation. The war pension certificates they held had declined dramatically by 15 to 20 percent of face value.

Raising taxes was too risky and states might rebel. Ignore the debt, as had been the custom for several years, and the federal government risked its already weak reputation. The new president had to turn to his Cabinet for advice. He had an excellent eye for talent and the brilliant Alexander Hamilton was Treasury Secretary. He quickly formed a plan to create a new Bank of the United States (BUS). Since the bank would be backed by the federal government, people would feel safer about lending money and, as creditors, they would have a stake in both the bank and the government. Although Thomas Jefferson opposed the BUS, Washington prevailed in Congress.

Washington was re-elected four years later, again with a unanimous vote in the Electoral College. The first popular voting would not occur until 1824 and since that time, five presidential candidates have been elected despite losing the popular vote: John Quincy Adams (1824), Rutherford Hayes (1876), Benjamin Harrison (1888), George W. Bush (2000), and Donald J. Trump (2016).

It’s not easy starting a new country. There were no cherry trees to chop down as Parson Weems’ story describes. George Washington did not throw a silver dollar across the Rappahannock River. These are all fairy tales that grew over time. Yes, George Washington owned slaves and told a lie now and then. He was obsessed with land at one time. But, when it came to crunch time, he stepped up and committed eight years of his life to his country.

The big question now seems to be where we’ll find another man or woman to continue the story of the greatest country in history?

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

How to explain why Americans remain so divided?

An oil-on-canvas portrait of George Washington by Philadelphia artist Robert Street (1796-1865) sold for $41,250 at a May 2019 Heritage auction.

By Jim O’Neal

The date was April 30, 1789, and the highly respected commander of the Continental Army during the Revolutionary War was ready to take the oath as the first president of the United States. The election had taken place much earlier in January, but electoral votes had not been counted until April 5.

General George Washington, who also had served as the presiding officer at the Continental Convention of 1787, was unanimously elected to the highest office in the new nation. He had to travel from his home in Virginia to New York City for the formal inauguration.

Robert Livingston, chancellor of New York, administered the presidential oath of office at Federal Hall across from the New York Stock Exchange. This site was home to the first Congress, the Supreme Court and executive offices. President Washington then retired to the Senate Chamber where he delivered the first inaugural address to a joint session of Congress. Observers commented he was mildly embarrassed and noticed an almost imperceptible tremble; possibly due to the significant historic relevance of the occasion.

Two blocks away at 75 Wall Street now stands a 42-story modern structure of marble, glass and steel. This luxurious condominium was converted from office space in 2008. It sits at the water’s edge of the Hudson River, atop an old slave market, where people were bought and sold for over 50 years (1711-62).

For Dutch and Spanish slave-traders, who controlled the transatlantic trade at the time, there were far superior markets for the sale of slaves. For one, the sugar plantations in both Spanish America and Portuguese Brazil required hundreds of thousands of slaves.

Given the insatiable European demand for sugar, it made little sense for slave-traders to undertake the additional time to travel up the North American coast to service what was considered a small speculative market. A slave ship could make a round trip between West Africa and Brazil in the same time it would take just to reach Virginia one-way. Compounding the cost were the death rates a longer journey would impose on their human cargo. This was a thriving business and decisions were made based on profitability.

Another factor was that England’s American Colonies were not willing to pay a premium since there was an adequate supply of Europeans willing to serve as indentured servants. As a result, the transatlantic perimeter of the booming slave market essentially ended at the sugar-growing islands of the Caribbean.

In 1788, the year before Washington’s inauguration, the founders recognized that they would have to include language protecting slavery in order to get the necessary state votes to gain approval of the proposed U.S. Constitution. Perhaps James Madison – “The Father of the Constitution” – was the one who accomplished this without using either the words “slaves” or “slavery” (they do not appear until later with the 13th and 15th Amendments). Instead, the reference was to a person “held to service” or “bound to service.”

In a compromise, the Constitution ordered Congress to pass a regulation to abolish it by 1800. A special committee extended the deadline to 1808 to allow a gradual 20-year phase out. They assumed (wrongfully) that slavery would become uneconomic and just naturally die out. In fact, it continued to grow. The 1790 census reported a U.S. population of 4 million, including 700,000 slaves.

Then, in 1793, Eli Whitney invented the cotton gin, which fueled a massive increase in cotton production. Slave plantations were America’s first big business, not the railroad, as some believe. Ten of the first 12 presidents were slaveholders, and two of the earliest Chief Justices.

The slave trade was one of Great Britain’s most profitable businesses. From 1791 to 1800, British ships made 1,300 trips across the Atlantic with 400,000 slaves. And then from 1801 to 1807 another 266,000. During the whole of the 18th century, the slave trade accounted for 6 million Africans. Britain was the worst transgressor, responsible for 2.5 million of the total.

In 1807, the U.S. Congress passed the slave act to “prohibit the transportation of slaves into any port … from any foreign place” (starting in 1808, as directed by the Constitution). However, it did not ban the trading of slaves within the United States. With an estimated 4 million slaves in the country (plus children born into slavery), this resulted in a self-sustaining model that did not require importation, which was now abolished.

The nation continued to evolve with a Southern agrarian society heavily dependent on slave labor while the North pursued industrialization. The constant debates over abolition simply shifted to how new territories and states would enter the Union … as free or slavers. This delicate balance was not sustainable and virtually everyone knew how it might end. It was almost inevitable that no permanent agreement was possible.

We know the implications of the great Civil War that was required to permanently stop slavery in the United States and the difficulties during the post-war reconstruction era. We can wonder about the progress in civil rights during the 20th century. But how do we explain why we are still so divided racially?

I was eager to hear the recent presidential debates, expecting discussions about climate change, health care, immigration, inequality and impeachment. Instead, issues like reparations, asylum, abortion and even forced busing in the 1970s took center stage. Had I dialed 2020 and ended up in 1820 in a Twilight Zone episode?

Maybe Pogo was right after all: “We have met the enemy and he is us.”

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

History littered with leaders who underestimated the power of the people

A Silver Medal for Gallantry, at the Battle of Bunker Hill, from King George III to Captain Peter Ewing of the Royal Marines, dated June 17, 1775, realized $32,000 at a June 2012 Heritage auction.

By Jim O’Neal

It is fascinating to watch the mass demonstrations in Hong Kong and speculate how the central government in Beijing will quell the unrest. It could end up badly if President Xi Jinping decides to ensure there is no uncertainty over the ultimate authority that still rests comfortably on the mainland … and resorts to force.

Hong Kong (Island) became a colony of the British Empire after the First Opium War (1839-42), then expanded to include the Kowloon Peninsula after the Second Opium War in 1860. Finally, Britain obtained a 99-year lease in 1898. After the lease expired in 1997, Hong Kong has exploded into one of the major financial centers of the world. It is home to many of the world’s ultra-rich and has managed to squeeze 7 million to 8 million residents into its 317 skyscrapers, the most of any city in the world. It has a first class, 21th century economic model that is widely admired.

The protesters’ beef is over governance, since HK has an autonomous system with executive, legislative and judicial powers devolved from the mainland (two systems, one country). They are resisting a proposal that would dilute the judiciary by moving criminal indictments and trials to Beijing. Small wonder since the conviction rate is almost 100 percent. If President Xi does move forward (at least now), it would be a classic mistake that many others have made. History is littered with leaders who underestimated the power of the people they govern.

Eight hundred years ago, King John of England experienced a similar revolt by English nobility against his rule. The king met with the barons and affixed the Royal Seal to a peace agreement that became known as the Magna Carta (Great Charter). The implications of the Magna Carta were quite modest with respect to what the king agreed to.

He guaranteed to respect feudal rights and privileges, to uphold the freedom of the church and maintain the nation’s laws. However, later generations have come to view it as the cornerstone of a democratic England.

King John inherited the crown after the death of his brother, Richard the Lionheart, when he was on crusade in 1199. By 1215, he was viewed as a failure after raising taxes on the nobility to compensate for losing Normandy to the French. He also frequently quarreled with Pope Innocent III and even sold church properties to replenish the royal coffers. In return, he was formally excommunicated.

But importantly, just by signing the Magna Carta, it implied that the king was obliged to follow certain laws and avoid any future claim of absolutism. Several earlier monarchs had talked about the king having some sort of “divine immunity.” Then there was also clause 39 (of 63) that stated “no freeman shall be arrested or imprisoned … or outlawed or exiled … except by the lawful judgment of his peers.” This clause has been celebrated as our own guarantee of a jury trial and habeas corpus.

In one aspect, all of this was actually moot since another civil war erupted almost immediately and both King John and the barons disregarded their commitments after the pope annulled the Magna Carta. Fortunately, King John died the following year (1216) and his 9-year-old son, Henry III, inherited the crown. Under the auspices of his guardian William Marshall, the Magna Carta was revived and eventually it formally entered English statute law.

Closer to home, it’s safe to assume that when 22-year-old King George III succeeded to the British Crown in 1760, most American Colonists considered themselves Britons and subjects of the king (but not Parliament). However, this system started to unravel after the Seven Years’ War of 1756-63 when Great Britain started imposing higher taxes on the Colonies. One glaring example was the large British garrisons established after the war; Colonists were required to pay all costs to maintain them.

This was followed by the Sugar Act of 1764 and the pervasive Stamp Act in 1765. Next was the Declaratory Act of 1776, when it became obvious that the Parliament of Great Britain was intent on extending its sovereign power into every nook and cranny of daily colonial life. Loyalty to the king was one thing, but to allow Parliament to impose new taxes at will and without any representation or discussion was quite another. It proved a bridge too far, but no one in England was sympathetic to the whinges from across the ocean.

Enter a man named Thomas Paine, who believed that arguments over equality, excessive taxes, or lack of representation or divided loyalty were wrong. He helped shift the focus to one of separation and unrestricted independence. Gaining support for his views was difficult due to slow communications in the Colonies and the subtle complications to men of little education. Newspapers were notoriously inadequate due to erratic distribution and lack of coherence.

What distinguished Paine was his remarkable ability to synthesize the issues and offer ideas that the general population could grasp. Further, he was a pamphleteer extraordinaire and authored “Common Sense,” which was perfect for the masses to understand. It was an immediate success – the equivalent of 18th century social media (which spawned the “Arab Spring” we witnessed in the Middle East). Suddenly, the momentum shifted to “Give Me Liberty or Give Me Death,” instead of untimely complaints.

Ever disdainful and out of touch, Lord Sandwich, First Lord of the Admiralty, pronounced to the House of Lords in March 1775: “Of the Colonies … they are raw, undisciplined cowardly men.” More famously, British Army officer James Grant proclaimed in the House of Commons that Americans could not fight because “they drink, they swear, they whore” and that he would “undertake to march from one end of the continent to the other with but 5,000 regular British soldiers.”

Pity King George (now 37), who had never been a soldier, had never been to America or even set foot in Scotland or Ireland. But, with absolute certainty, he believed his trust in providence and high sense of duty. Nagged by his mother – “George, be a king!” – America must be made to pay. Inevitably, war came on April 19 with the first blood at Lexington and Concord and then savagely at Bunker Hill. On June 3, General George Washington had taken command of the “American Rabble.”

Game on!

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Roosevelt selected a running mate who now ranks among the best

A pencil portrait of Franklin Roosevelt by E.A. Burbank, dated 1939 and signed by both, sold for $2,270 at a June 2008 auction.

“I hardly know Truman.” – Franklin Delano Roosevelt (1944)

By Jim O’Neal

President Franklin Roosevelt was a tired and worn out man. The worry aroused by his appearance was more than justified. Unbeknown to all but a few, he was suffering from a progressive, debilitating cardiovascular disease. Several elite cardiologists agreed he would be dead within a year, especially if he decided to run for a fourth term. But FDR was determined, and told a few close confidants that he would resign as soon as WWII was concluded satisfactorily.

He had ventured into national politics when his name, youth and political strength in populous New York led to his nomination for vice president in 1920. The DNC had met in June in San Francisco and picked James Cox for the president slot. However, the Republican ticket of Warren Harding and Calvin Coolidge won easily.

The following year, the 39-year-old Roosevelt contracted poliomyelitis while vacationing at the family’s summer home on Campobello Island in Canada. He was crippled in both legs, permanently. In a show of intestinal fortitude, he mastered the use of leg braces, crutches and a wheelchair; he built his upper-body strength by swimming. He demonstrated his new skills in dramatic fashion in June 1924 at the National Democratic Convention.

He rose from a wheelchair and, unassisted, walked to the speaker’s rostrum and nominated Al Smith for president. The crowd went wild after Roosevelt crowned Smith “the Happy Warrior of the political battlefield.” Smith ultimately lost the nomination that year; four years later in 1928 he won the nomination but lost the election to Herbert Hoover. The economic good times favored the better-known Hoover, but there was also the lingering issue of Smith’s Catholicism. This would remain an issue until 1960 when Jack Kennedy would vanquish it permanently.

In 1930, FDR was re-elected governor of New York. In the wake of the stock market crash, he convinced the legislature to provide $20 million to the unemployed. This was the first direct unemployment aid by any state and was a harbinger of bigger government programs. It was also a springboard to the 1932 Democratic nomination for president. FDR was so energized that he flew to Chicago to accept – the first time a nominee accepted in person.

No one was surprised at the results of the 1932 election, when FDR defeated Hoover in a landslide. The country had turned on Hoover and the Republicans and was eager and impatient to have the new president installed. This led directly to the 20th Amendment of the Constitution, which advanced the presidential inauguration to Jan. 20 and Congress to Jan. 3. Alas, it didn’t go into effect until 1933. Hoover was full of ideas on how to help the new president, but Roosevelt was less willing to accept any advice, since he had his own plans.

And so it began. With a soothing voice and supreme self-confidence, Roosevelt rallied a fear-ridden country to overcome the Great Depression. With a New Deal, he provided social justice; security to the aged; relief to the unemployed; and higher wages to the working man. He revamped the federal government, adding scores of new agencies and reshaping the Democratic Party from states’ rights into a Hamiltonian model of a strong central government.

Twelve years went by fast, and the last days of the Second World War required a series of critical decisions and it started with a decision on a fourth term. His trusted advisers saw defeat unless something was done about VP Henry Wallace. A plant geneticist by profession, he had become very popular as an author, lecturer and social thinker. To the “wise men,” he seemed pathetically out of place and painfully lacking in political talent. But there was more concern over the president’s declining health, which could no longer be ignored. All realized that the man nominated to run with Roosevelt would probably be the next president.

That man turned out to be Senator Harry Truman from Missouri. Together, they would win the 1944 election; 82 days after taking office, Truman would become president when FDR died on April 12, 1945. He would end the war as expected, win re-election in 1948 and become embroiled in another war, this time with Korea. However, with each passing year, Truman continues to gain in stature and now often polls among the top 10 best presidents.

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Einstein was right: Income taxes are hard to understand

A 1952 Topps trading card for oil industry magnate, industrialist and philanthropist John D. Rockefeller sold for $720 at a February 2019 auction.

By Jim O’Neal

Next year promises to be another year when a major political party has an unusually large number (perhaps 20) of eager aspirants wanting to become president. Republicans had to contend with a similar problem in 2016. Sixteen hopefuls filled out the requisite forms. Most of them withdrew during the primaries and the last two – Ted Cruz and John Kasich – withdrew when Donald Trump won Indiana. On May 2, Trump became the presumptive nominee for Republicans.

There are advantages to having a broad, diverse group of candidates, but almost as many headaches. One that I suspect will become more prominent is “too many hogs at the trough.” Every candidate is challenged to find a unique angle to woo prospective voters, but it is surprising how many are making promises that will be impractical to keep. Free health care, college debt forgiveness, and free college tuition are fundamentally different than promises of lower taxes or new high-paying jobs.

Generally, populist proposals are “paid for” by taxing the rich with a “billionaire tax” or a radical wealth tax on existing assets. Since 70 percent of federal revenues come from the top 20 percent of taxpayers, the math just doesn’t work. This is especially true with 10,000 people retiring every day and existing entitlement projections squeezing out almost all other spending. One fact is certain: We can’t use the same tax dollar to pay for four different expenditures (unless we really crank up the printing presses … which are now just electronic gizmos).

Frederick Law Olmsted

Naturally, opponents are quickly stigmatizing all creative spending proposals as merely different variants of socialism. As “The Iron Lady” Margaret Thatcher wisely observed, “The trouble with Socialism is that eventually you run out of other people’s money.”

There may have been a time 150 years ago during the Gilded Age when some of these things made sense. America’s industrial success produced an era of financial magnificence when many basked in dynastic wealth of inexhaustible dimensions. John D. Rockefeller made the equivalent of $1 billion and paid no income tax. No one else did either since income tax didn’t exist in the United States at the time. Congress passed a 2 percent tax on earnings over $4,000, but it was ruled unconstitutional by the Supreme Court. Twenty years later in 1914, a modest income tax was finally approved. Albert Einstein said: “The hardest thing in the world to understand is the income tax.” I agree.

The wealthy in the 19th and 20th centuries found that spending all of their money became a full-time job. After emptying all of Europe’s fine art and artifacts, they built houses on a truly grand scale. The grandest of all were said to be the Vanderbilts. Ten mansions on 5th Avenue (one with 137 rooms). Next was Newport, R.I., where magnificent homes were quaintly called “cottages.” Then came George Washington Vanderbilt II (1862-1914), who, with successful and influential landscape designer Frederick Law Olmsted, built the Biltmore House – an estate outside Ashville, N.C. The house is believed to be the largest domestic dwelling in the United States, with 250 rooms nestled on 125,000 acres.

Olmsted and his senior partner, Calvert Vaux, designed America’s most famous park: New York City’s Central Park. The list of Olmsted’s projects is too extensive to list here even by category. The most fitting description of his work comes from the words of Daniel Burnham – the great American architect and urban designer: “An artist, he paints with lakes and wooded slopes, with lawns and banks and forest-covered hills, with mountainsides and ocean views.”

Worthy of a great man’s epitaph!

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Civil War question: What were these men thinking?

This albumen print of a Union encampment, most likely of the 110th Pennsylvania Volunteer Infantry, sold for $2,868 at a November 2008 Heritage auction.

By Jim O’Neal

The last truly great Civil War book I read was Doris Kearns Goodwin’s Team of Rivals: The Political Genius of Abraham Lincoln (2005). The award-winning book focuses on the 1860 presidential election and how underdog Lincoln was able to secure the Republican nomination against three formidable opponents, and then win the presidency without a single Southern vote (he was not on any Southern ballot).

Then, it deftly explains how President Lincoln was able to recruit all three Republican opponents to serve as key members of his Cabinet: New York Senator William H. Seward (Secretary of State), Ohio Governor Salmon P. Chase (Treasury Secretary), and Missouri’s favorite son Edward Bates (Attorney General). Next was the brilliant way he managed to leverage each man’s strength and weakness into a form of political-enemy synergy.

Steven Spielberg secured the film rights before the book was written and his 2012 movie Lincoln was highly acclaimed. Out of 14 Oscar nominations, Daniel-Day Lewis won for Best Actor. But the movie was really only about the last four months of Lincoln’s life when he maneuvered to get the 14th Amendment approved. Neither the book nor film spends much time on the Confederacy or the underlying circumstances that made the Civil War inevitable.

This is not unusual, since books about Lincoln, his Cabinet and the generals of the war pop up with regularity. Relatively little has been written about the Confederacy per se (i.e. the formal government of the South). The primary focus seems confined to biographies of Robert E. Lee, Thomas “Stonewall” Jackson or the famous battles between the North and South (such as Gettysburg).

Sure, people might know that Jefferson Davis was president of the CSA or that Alexander H. Stephens was vice president. But these two men were in office the entire war, from April 1861 to May 1865. Perhaps interest in individuals is limited because, as some historians argue, the Confederate States of America represented an entire people’s effort to cling to their past. They feared after the 1860 election that Lincoln and the now-dominant Republicans would simply force them to abandon the practice of slavery. So they naively decided to secede from the Union and start their own country.

They started with seven secessionist slave-holding states and in February 1861 established a new Confederacy in Montgomery, Ala., before Lincoln even took office. After Confederates fired on Fort Sumter in April, four more states seceded and joined the Confederacy (now based in Richmond, Va.). Missouri and Kentucky were later accepted but did not secede. Two seats in the Confederate Congress were given to Southern California.

Organizationally, the Southern government was much like the North. They had a Constitution and a Cabinet with six departments that composed the executive branch. With few exceptions, they replicated their counterparts in the Union. A prominent exception: the Attorney General was elevated to Cabinet status. It grew in importance since the Confederacy had no Supreme Court; the Department of Justice arbitrated any legislation or constitutional disputes.

However, most departments discovered their limitations once the War started. The Navy began the war without a single major vessel and soon lost easy access to international sea-lanes from Southern ports. The Treasury and War departments did not have the resources of their Union counterparts, little things like enough money or an army and a non-industrial economy. Here, one must ask: Who were these men and what were they thinking?

Some deep thinkers sincerely believe it was an honest attempt to build a New South with 11 individual states forging a future based on prosperity from land and slaves. After all, only 4 percent to 5 percent had direct involvement with the institution of slavery. The majority considered their way of life inviolate enough to defend it by force of arms. However, despite obvious mismatches from virtually every aspect, that did not deter its political leaders. They assured the Southern people that courage and determination could substitute for limited resources, limited manpower and lack of foreign aid.

The South’s goal of independence was as absolute as the North’s determination to maintain the Union. Hence, the objectives of the opposing governments could be neither compromised nor harmonized. The Civil War would have to be a fight to the finish.

For four long years, against impossible odds, the South persevered and suffered. It accepted honorable defeat and then wrapped itself in nostalgia. The South’s postwar vision of “The Lost Cause” – fighting and surrendering with honor – became a soothing balm for the sores of war.

However, President Jefferson Davis would admit much later, “The simple fact was the people had gone to war without considering the cost.”

Case closed.

Intelligent Collector blogger JIM O’NEAL is an avid collector and history buff. He is president and CEO of Frito-Lay International [retired] and earlier served as chair and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].