McNamara a Fascinating Executive with a Fascinating Career

A large photograph of John F. Kennedy and his original cabinet, signed by cabinet members including Robert McNamara (fourth from left), sold for $7,500 at a December 2016 Heritage auction.

By Jim O’Neal

Lieutenant Colonel Robert McNamara had planned to return to Harvard after his stint in the military since he truly enjoyed the Cambridge lifestyle and teaching statistics was his first love. However, in a bizarre twist of coincidence, he and his wife Margaret contracted polio. They were still hospitalized in August 1945 when World War II. His mentor, Tex Thornton, persuaded him to consider a new, higher-paying career in the private sector to help with the family hospital bills.

McNamara and the other Whiz Kids excelled at the Ford Motor Company by utilizing the skills they honed in the Army: control the organization by converting facts and numbers into meaningful information that was actionable. This was particularly valuable at Ford and its archaic operations … pitted against its main competitor General Motors and its classic style of highly accountable, decentralized profit centers. McNamara became the unofficial leader when Thornton left Ford for greener fields in aerospace.

McNamara rose quickly, as Henry Ford II was new and unsure of himself. To Ford, McNamara offered reassurance; when questions arose, he always had answers, not vague estimates, but certitudes, facts and numbers … and a lot of them. On Nov. 9, 1960, McNamara was promoted to president at Ford. It was the first time someone outside the Ford family was in charge.

As fate would have it, the prior day, on Nov. 8, John F. Kennedy became president-elect of the United States. Their careers would soon be joined in a truly unexpected way.

Kennedy sent Sargent Shriver to offer McNamara either the Secretary of Treasury or Secretary of Defense cabinet position. McNamara was disdainful of Treasury, but eager to take on something much more exciting, assuming his boss would agree (it had been only six weeks since he had taken the reins at Ford).

We all know how this turned out, but perhaps not the financial sacrifice involved. By accepting the Defense position, McNamara left $3 million in stock options.

Robert Strange (his mother was Clara Nell Strange) McNamara served as Secretary of Defense under two presidents (JFK and Lyndon B. Johnson) from 1961 to 1968, the longest tenure in history (10 days longer than Donald Rumsfeld), and during the important build-up years in Vietnam. In 1968, he sent a letter to LBJ advising him that the war was unwinnable and recommending the United States end it. The president never replied and McNamara was finished.

Later, he told his friend, Washington Post publisher Katharine Graham, he wasn’t sure if he quit or was fired. She replied, “Are you crazy? Of course you were fired!”

In 2003, Errol Morris produced the documentary The Fog of War, which captures these war years, including a poignant ceremony when McNamara retired and LBJ awarded him the Medal of Freedom. McNamara was so emotional that he had to defer on his acceptance remarks. It is a good flick and recommended since it uses archival film with contemporary comments from McNamara.

A fascinating man and career. He served as president of the World Bank from 1968 to 1981 before dying in 2009 at age 93.

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Military Officers Swooped In and Saved Ford Motor Company

Henry Ford, left, often took trips with Thomas Edison and Harvey Firestone. This photograph, circa 1924, signed by Ford, sold for $1,195 at a June 2010 auction.

By Jim O’Neal

In 1968, General Curtis LeMay was the vice presidential running mate with American Independent Party candidate George Wallace. This unlikely duo snagged 46 electoral votes and five states with almost 10 million popular votes. This was the last time a third-party candidate won a state.

During World War II, LeMay had implemented a controversial bombing campaign in the Pacific. It was during this time that future Ford Motor Company President Robert McNamara was busy analyzing U.S. bomber efficiency and effectiveness, especially the B-29 command of General LeMay, as part of a team headed by Colonel Tex Thornton.

LeMay and McNamara would cross paths again during the Bay of Pigs fiasco and the war in Vietnam.

During the late war years of the 1940s, the Ford Motor Company was struggling to remain viable. President Edsel Ford, son of founder Henry, died of stomach cancer in 1943 and the board made the mistake of bringing back an ailing Henry Ford in an act of desperation. The company was losing $9-10 million a month and the Roosevelt administration had considered nationalization to keep vital war materials flowing.

In 1945, Edsel’s son Henry Ford II was discharged from the Navy and the board quickly named him president of Ford. However, the company he inherited was still a shell of a corporation badly in need of modernizing its production, establishing financial controls and building an organization.

In a stroke of genius, Tex Thornton decided to market his staff of nine wartime officers to corporations that were reconverting from military to civil production. After all, his colleagues were part of a management science operation within the Army Air Force and, without a doubt, were the most talented managerial team of the century … young men who had gained 25 years of experience in just four years.

Thornton sent a cable to young (28) Henry Ford II and after an impressive interview, Ford hired the group with salaries ranging from $10,000 to $16,000. Bob McNamara was the second-highest paid and he took over finance at Ford. This is the group that became the famous “Whiz Kids” (although internally they were called “Quiz Kids” since they were always asking “Why?”). The Ford Motor Company would never be the same, fortunately, and slowly started catching up with rival General Motors.

One amusing anecdote involves The Edsel Show, a live one-hour television special designed to promote Ford’s cars. It aired on Oct. 13, 1957, and featured Bing Crosby, Louis Armstrong, Rosemary Clooney and Frank Sinatra. The show drew great reviews.

Clooney received one of the new Edsels as a gift and after the show, she and Henry Ford were walking together when she went over to get in. The door handle came off in her hand, so she turned and said, “Henry, about your car…”

Quality control was still en route to Dearborn, Mich., but arrived after the Edsel’s funeral.

More about Robert Strange McNamara, who became Secretary of Defense in 1961, in future posts.

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Our Planet is a Truly Remarkable Piece of Real Estate

A 1968 “Earthrise” photo signed by the Apollo 8 and Apollo 11 crews sold for $16,730 at a November 2010 Heritage auction.

By Jim O’Neal

In a little-known experiment, a graduate student at the University of Chicago hooked up two test tubes containing water (the “ocean”) and a mixture of methane, ammonia and hydrogen (the “atmosphere”). A few days later, after a few electrical sparks to simulate lightening, there was a goopy broth of organic compounds … “life.” His professor, Nobel Laureate Harold Urey, reportedly exclaimed, “If God didn’t do it this way, he missed a good bet!”

This theory has since been dismissed since Earth didn’t have these inputs available that early.

The experiment happened in 1953 and more than a half-century later, there is still no certainty on how life actually began on this planet. Famous people like Lord Kelvin (1871) have suggested it came from outer space via aliens or comets. But that theory – panspermia – doesn’t answer the basic question; it just moves it to some distant location. But there is general consensus that life on Earth started about 3.5 billion years ago.

Rather than pursue how life started, NASA in the 1960s assembled a team to think about how to look for life … on Mars. British scientist James Lovelock decided to solve the problem by identifying the necessary features for life on Earth. He started with water, since all life depends on it. Then he specified that the average temperature must stay between 60 and 65 degrees to ensure it remained liquid, as it has for the past 3.5 billion years.

Next was salinity, since cells cannot survive levels above 5 percent and the oceans have remained at about 3.4 percent. Oxygen is another must-have element, but close to the 20 percent when it first appeared 2 billion years ago … 16 percent to 20 percent for breathing, but below 25 percent because at that level, forest fires would never go out.

Eventually, Lovelock suggested that the entire planet makes up a single, self-regulating being which he called Gaia. The very presence of life regulates the temperature of the surface, the concentration of oxygen and the chemical composition of the oceans.

Voilà … the perfect conditions for life.

However, Lovelock also warned that the human impact on the environment may disrupt this delicate balance. As early as 1935, another British scientist, Arthur Tansley, described Earth lifeforms, landscapes and climate as a giant ecosystem.

Personally, each time I see pictures of Earth taken from space – this astonishing blue orb suspended in space – it reminds me just how insignificant we are. Relative to the enormity of the ever-expanding universe, we live on a truly remarkable piece of real estate. I hope we can maintain the balance Lovelock identified. Moving isn’t an option … yet.

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Gilded Age Created Super-Wealthy Americans and their Extremely Large Homes

Cornelius Vanderbilt at one point controlled 10 percent of all the money in circulation in the United States.

By Jim O’Neal

A recent New York Times edition has a follow-up story on America’s most expensive house – a 38,000-square-foot beauty listed at $250 million. The current all-time record is believed to be an East Hampton estate that sold for $147 million in 2014, followed by a California house that sold for $117.5 million in 2013. Apparently, there is another Bel Air project under construction that would dwarf all of these at $500 million.

This may seem like a modern-day phenomenon, but it hardly compares with the late 19th century – “The Gilded Age” – when truly vast fortunes were accumulated to the point it required “creative spending,” and real estate was a favored target. The Vanderbilts were a prime example, as shipping and railroad magnate Cornelius Vanderbilt stood out among other famous names of the day, such as Morgan, Astor, Rockefeller, Mellon and Carnegie. At one point, “Commodore” Vanderbilt (as he liked to be called) personally controlled 10 percent of all the money in circulation in the United States.

Naturally, all these wealthy Americans built homes on a grand scale. Grandest of all were the Vanderbilts. They built 10 mansions in New York alone, all on 5th Avenue, one with 137 rooms. And everyone built more palatial homes outside the city, particularly in Newport, R.I. The super-rich even had the nonchalance to call them “cottages,” despite the fact that they were so big even the servants needed to have servants.

This gaudy ostentation generated such widespread disapproval that a Senate committee seriously considered introducing legislation to limit how much a person could spend on a house (but not how many). These were the days when John D. Rockefeller made $1 billion a year (adjusted for inflation) and paid no income tax. No one did. Congress tried to introduce a 2 percent income tax over $4,000 in 1894 and the Supreme Court promptly ruled it unconstitutional.

Warren Buffet thinks we are better off today since rich folks back then couldn’t buy televisions, luxury cars (with GPS), cellphones, jet travel, microwaves, talking movies, air conditioners, Starbucks lattes … or lifesaving CT scans, organ transplants or statins/vaccines – since they didn’t exist. All they had was money.

So like the Commodore’s grandson George Washington Vanderbilt, they turned to real estate and homes. This Vanderbilt heir decided to build a cottage of his own in 1888, when he was still in his 20s. He bought 130,000 acres in North Carolina and built a rambling 250-room mansion. He hired 1,000 workers to build a dining room with a 75-foot ceiling that seated 76. The estate had 200 miles of road and included a town complete with schools, a hospital, churches, banks, a railroad station and shops for 2,000 employees and their families. The surrounding forests were logged for timber and the many farms produced fruit, vegetables, eggs, poultry and livestock.

He had planned to live there part-time with his mother, but she died before it was complete. So he lived there alone until he finally married and had a daughter. Then he died.

As F. Scott Fitzgerald supposedly once said to Ernest Hemingway: “The rich are different from you and me.” To which Hemingway replied, “Yes, they have more money.” (And thus a famous quote/counter-quote myth was born … with many variations.)

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Events Surrounding Rockefeller, AT&T Recall Story of Hydra

John D. Rockefeller at his desk, 1930s.

By Jim O’Neal

Few people who were alive when Martin Van Buren was president (1837-41) were still alive when Franklin Delano Roosevelt was inaugurated for his second term (1937). John Davison Rockefeller was, and he took advantage of every single day, even preferring to work on his many birthdays.

Were he still alive, it’s almost certain he would be mildly amused to see a modern company – AT&T – seeking approval from a government department for an $85.4 billion acquisition of media giant Time Warner. In 1974, this same agency – the U.S. Department of Justice – filed an anti-trust lawsuit against AT&T. Eight years later, “Ma Bell” was forced to break up by spinning off seven “Baby Bells.”

Perversely, one of these spinoffs, SBC Communications (named Southwestern Bell Corporation until 1995) started methodically reconsolidating and eventually bought the original AT&T and assumed its name. Next, they acquired BellSouth for $85.5 billion, with full FCC approval.

Big ’ins always eat little ’ins (old Texas maxim).

John D. Rockefeller became the world’s richest person (ever) in a similar fashion: consolidating an industry to avoid competition.

The great industrial revolution that transformed America after the Civil War sparked an inflationary boom that resulted in an oversupply of goods. Naturally, this led to price declines that caused a deflationary spiral. The balance of the 19th century was plagued by these boom-bust cycles. As new markets developed, inexperienced businessmen failed to recognize the dangers of supply-demand imbalances as they rushed to make their fortunes.

Crude oil was a classic example, since there was no way to predict increases in supply, and oil refiners proliferated due to low barriers to entry. “So many wells were flowing, the price of oil kept falling, yet they went right on drilling.” Rockefeller was one of the first to recognize there was a need for a systemic solution. He cited the years of 1869-1870 as the start of his campaign to replace competition with “cooperation.”

A Standard Oil Trust stock certificate with two John D. Rockefeller signatures, dated April 5, 1882, sold for $7,500 at an April 2014 auction.

By the early 1880s, his Standard Oil Company controlled 90 percent of U.S. refineries and pipelines. In 1882, his clever lawyers created an innovative new kind of corporation that controlled all of the holdings in a “trust.” The trust controlled over 40 companies and it became easy to control production, distribution and refining (and, obviously, prices).

In 1911, the Supreme Court ruled these were illegal monopoly practices and ordered that it be broken up into 34 new companies. In a twist, John D. Rockefeller ended up with stock in all 34 companies, and over the next 10 years their combined net worth increased fivefold, as did Rockefeller’s personal fortune. Today, ExxonMobil Corporation is the largest of the world’s Big Oil companies and is consistently among the top five companies in revenue and profits.

The Greeks had a myth about Hydra, a multi-headed monster that grew two heads every time one was cut off. You can draw your own parallels.

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

In Weeks Before Gettysburg, Lee was Supremely Confident

A carte de visite of Union General Joseph “Fighting Joe” Hooker, signed, went to auction in June 2015.

By Jim O’Neal

In May 1863, General Robert E. Lee and his nimble Confederate Army of Northern Virginia defeated the Union Army at the Battle of Chancellorsville. The North’s Army of the Potomac was twice the size of Lee’s forces and led by General “Fighting Joe” Hooker. This stunning defeat would result in President Lincoln replacing Hooker just before the pivotal Battle of Gettysburg.

At Chancellorsville, Lee lost his most trusted general, Thomas Jonathon “Stonewall” Jackson, when Confederate pickets accidentally shot him. He survived the initial wound, but died eight days later of pneumonia. In one of life’s little ironies, Jackson also had an arm amputated. General Lee always complained that he (Lee) had “lost his right arm” when Jackson died.

The supremely confident Lee then turned north to replenish rapidly dwindling supplies and further undermine Union morale. Another convincing victory would surely accelerate the growing anti-war sentiment and erode Lincoln’s declining support. What actually followed was the Battle of Gettysburg, the most famous battle in the entire Civil War.

The battle started on July 1, 1863, with Lee intent on inflicting severe damage to the Union Army. Had he been successful, it is highly likely that the war would have ended much differently. However, after two days of fighting, it was clear that the outcome was in doubt and Lee’s invincibility was at risk since attacks on both Union flanks had failed.

In an act of uncharacteristic desperation, Lee ordered an all-out assault on the middle, with a massive artillery bombardment followed by an attack using nine infantry brigades totaling 12,500 men. Major General George Pickett was one of three Confederate generals who led the assault and “Pickett’s Charge” is now commonly called the “High-water Mark of the Confederacy.” It turned out to be a crushing defeat and the Southern forces never fully recovered.

General Lee, who had turned down an offer to head Union forces, whose ancestors included two signers of the Declaration of Independence, and was himself the son of a Revolutionary War hero, had led the entire Army of Northern Virginia to an open-field defeat in a high-risk gamble that failed spectacularly.

Gettysburg, the bloodiest battle in American history and one to spawn the most enduring controversies, would be Lee’s last offensive operation in the Civil War.

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Watergate Scandal Perhaps Permanently Eroded Public Trust in Government

A photo signed by each member of the Congressional Watergate Committee, which investigated whether sufficient grounds existed to impeach Richard M. Nixon, realized $5,497 at an October 2006 Heritage auction.

By Jim O’Neal

The Washington Post account of the break-in appeared on the front page of its Sunday edition. The New York Times carried 13 inches (inside) with the headline “Five Charged with Burglary at Democratic Headquarters.” Most other editors played it down even more. Still, it captured the attention of high officers of the U.S. government and the Republican Party. Among them: H.R. Haldeman, John Mitchell, Maurice Stans, Jeb Magruder, John Dean and probably the president of the United States.

A year later during the hearings of the Senate Select Committee on Presidential Campaign Activities (chaired by Senator Sam Ervin of North Carolina), Magruder was asked when this glittering array of outlaws had decided to cover its tracks. He answered in a puzzled tone: “I don’t think there was ever any discussion that there would NOT be a cover-up.”

Among the other people who were in on the lies was Martha Mitchell, wife of Attorney General John Mitchell. She had tried to tell the truth, but a special bodyguard had yanked the phone wires out of the wall when she was telling a UPI reporter, “They don’t want me to talk.” She later said he held her down while another man injected a sedative into her buttocks. But there was no way to keep Martha Mitchell quiet and three days later she called the reporter again, saying, “I’m not going to stand for all these dirty things going on.” It made a good story, but Martha’s credibility was low and most Americans accepted the official line.

Ron Ziegler, the former ad man who served as President Nixon’s press secretary, spelled it out. In a scornful tone, he declined to even rebut Martha’s rants. “I am not going to comment from the White House on a third-rate burglary attempt,” Ziegler announced. However, when a few Post reporters continued to ask questions, Ziegler did comment from the WH: “I don’t respect the type of journalism, the shabby journalism, that is being practiced by The Washington Post.” (John Mitchell added, “[Washington Post publisher] Katie Graham is going to get her teat caught in a big fat wringer!”)

On Monday, July 16, via live TV, chief minority counsel Fred (Law & Order) Dalton Thompson got White House assistant Alexander Butterfield to disclose there was an automatic recording system in the White House. Apparently, all conversations in the Oval Office, the Cabinet Room and even President Nixon’s private office were taped.

Once this bombshell exploded, it was only a short trip to forcing the administration to turn over all recordings. This would inexorably lead to the indictment of 69 people (with 48 found guilty) and the first presidential resignation. When asked much later why he didn’t simply burn the tapes, Nixon calmly replied he wanted to preserve his legacy for posterity. (Mission accomplished!)

All of this was captured brilliantly 40 years ago in the film All the President’s Men with Robert Redford and Dustin Hoffman in the roles of Washington Post reporters Carl Bernstein and Bob Woodward. The movie won four Oscars, with Jason Robards snagging best supporting actor for his portrayal of editor Ben Bradlee. It is a must-see movie and the Bernstein-Woodward book is equally entertaining.

Coming on top of the Pentagon Papers and the Vietnam War, the entire Watergate scandal eroded public trust in government, perhaps permanently. Even today, the cover-up is generally worse than the crime.

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 chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

President Harding’s Funeral Train Transfixed the World

president-harding
President Harding was popular with Americans, but the Harding Scandals later tainted his legacy.

By Jim O’Neal

The news of President Warren G. Harding’s death astonished the American people. Telephone and telegraph lines stayed busy between San Francisco and Washington. A special railroad car, “The Superb,” was outfitted as a hearse. Twenty-four hours after the president died, the train left San Francisco, pulling the lighted car with its flag-draped coffin, honor guard and banks of flowers.

“The spectacle of the funeral train traversing the entire breadth of the United States,” observed The Washington Post, “is not to be forgotten.”

News of Harding’s death arrived at the White House by telephone. Irwin “Ike” Hoover, the White House Chief Usher, had been trying to keep a diary, but he never seemed to make a record of important things. “President dies” was all he recorded that day. In fact, his book was merely a series of blank pages for all the early days of August 1923. Hoover’s job was to run the White House, not record history. He quickly set to work hanging crepe over the mirrors of the East Room. Then the shades were drawn and the house was closed to the public.

Later, the book 42 Years in the White House chronicled Hoover’s service, which started in 1891 (when he installed the first electrical wiring in the White House) and continued through nine presidents, starting with Benjamin Harrison and ending with Herbert Hoover. He died in 1933 and President Franklin D. Roosevelt offered the White House for his funeral. Oh, the tales that probably didn’t get recorded.

Harding’s funeral train pulled into Union Station on Aug. 7. It had held the world transfixed during its five-day trip across the nation. An honor guard transported the coffin from the train with great ceremony and Harding’s body was placed in the East Room. The funeral was held in the Capitol with his Cabinet, Congress and a large group of invited dignitaries.

Florence Harding had a quiet dinner with Calvin Coolidge and his family, and would remain in the White House for five busy days. She had a fire built in the fireplace in the Treaty Room and then methodically started burning the presidential papers she determined should not survive. Then she had all the remaining papers packed into boxes and removed to a nearby friend’s house. Then she resumed the burning more slowly in small fires on the lawn.

President Harding’s secretary, George Christian, stood by helplessly during this process, until he found some papers undisturbed in the Oval Office and hid them in the pantry on the first floor. They remained there, apparently forgotten, until after Mrs. Harding’s death. Then they were given to the Library of Congress. No other papers of President Harding are known to have survived the purge of his records.

Later, the “Harding Scandals” would offer one possible reason for this unusual situation.

Jim O'NielIntelligent 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 Chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

As Civil War Loomed, Buchanan Failed to Act, Assumed the Worst

James Buchanan Carte de Visite Signed
This James Buchanan carte de visite, signed and dated September 1866, sold for $6,572.50 at a February 2010 Heritage auction.

By Jim O’Neal

James Buchanan was elected to the U.S. Senate in 1834 and represented Pennsylvania for 11 years during the administrations of presidents Jackson, Van Buren, Harrison and Tyler. He turned down offers to serve as U.S. attorney general for Van Buren and an appointment to the Supreme Court by Tyler. After campaigning for Polk in the election of 1844, he finally accepted the position of secretary of state, since it seemed like a clear path to the presidency.

This was a bad decision and when he and President Polk could not agree on major issues, Buchanan would complain to a friend, “My life is that of a galley slave.”

Buchanan then failed to win the Democratic nomination in 1848 and 1852, but at the age of 62, was given the post of U.S. Minister to Great Britain. There, he gained unexpected notoriety when he secretly joined with other ministers (Pierre Soulé in Spain and John Mason in France) to draft the infamous “Ostend Manifesto,” which proposed to buy Cuba from Spain. If Spain refused, then “we shall be justified in wresting” the island from its owners … a strong inference of war.

Cuba was especially important to Southern Democrats since it was primarily a plantation-slave economy based on sugar and having it as a state would add two senators and nine members to the House of Representatives. However, anti-slave Northerners were not about to go to war with Spain to add more slave states to the Union and the effort was easily defeated.

At the Democratic National Convention in Cincinnati in June 1856, Buchanan bounced back, winning the nomination and then the election.

Two days after Buchanan was sworn in as president, the Supreme Court handed down the Dred Scott decision, which affirmed the right of slave owners to take their slaves into Western territories. This bolstered Buchanan’s belief that slavery was rooted in the Constitution and could not be legislated out of existence; it was an issue for each state to decide.

Then came the Panic of 1857, which was caused by the failure of Ohio Life Insurance Company of Cincinnati. The sudden demise of a once-solid institution touched off a wave of bank runs across the nation that plunged the nation into a deep economic depression. Many railroads failed due to over-expansion as did many state banks that were operating under flimsy regulations. The only areas that were unaffected were the cotton-growers exporting to England (and they needed more slaves to expand production).

It was clear that the slavery issue would lead directly to a civil war and James Buchanan was too inept or unwilling to provide leadership to avoid one. He just assumed the worst and declared that he “would be the last president of a United States.”

Fortunately, he was wrong, but it would take four long years and 620,000 dead Americans to prevent it.

Jim O'NielIntelligent 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 Chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].

Zachary Taylor was First President Elected With No Political Experience

zachary-taylor-half-plate-daguerreotype-from-the-taylor-family
A half-plate daguerreotype of Zachary Taylor circa 1844, once owned by the Taylor family, sold for $47,800 at a November 2010 Heritage auction.

By Jim O’Neal

The Washington, D.C., that said farewell to James Polk in 1849 and greeted General Zachary Taylor was similar to many American cities with a combination of town and pasture. However, even after 50 years, it still looked unfinished. Pennsylvania Avenue was the principal commercial street, lined with buildings from the Capitol to the White House. But beyond, it was a town of monotonous red brick houses interspersed with seas of grass.

There were schemes for improving public lands in various places, but only one was significant to the White House. The marshy expanse to the south was believed to give off vapors, especially in the summer. In 1849, the most feared disease was cholera – particularly from May to November when the first frost quelled it. Those who could afford it left town for the summer and President Polk’s insistence on staying probably contributed to his early demise.

Taylor was the first president elected to office with no political experience. He was ill-prepared for the politics and problems involved. Like William Henry Harrison, Taylor was chosen by the Whigs as their presidential candidate solely because he was a war hero. Taylor spent 40 years in the Army, fighting Indians and winning glory in the war with Mexico. He was called “Old Rough and Ready” by his men. He preferred civilian clothes to military uniforms, even in battle. Short and plump, he had none of the appearance of a military hero and had to be given a leg-up when he mounted a horse.

Taylor was inaugurated in March 1849 and as he moved from the Capitol to the WH, the police had trouble holding back the throngs. Nodding and smiling, he waved his hat and seemed approachable, if not particularly presidential. Those who got a close look found him heavy and scruffy, his face deeply wrinkled, gray hair tousled. After four years of the dour Polk, the public was eager to idolize someone friendly.

But Taylor was an odd hero. Lacking the presence of General Jackson or General Harrison, he looked more the Louisiana planter he was in private life. The general had become president at age 64 and was considered an old man. The hope was that he would prevail through the sheer force of his prestige. Plus, Taylor’s greatest asset was his integrity, which he wore like a medal. Voters seem to have willingly accepted that he would allow his advisers to run the government. It seemed logical to have a chain of command with an honest, experienced general at the head.

The strategy failed since their hero-president provided little leadership and Democrats controlled Congress. The Taylor family circle included few intimates with one notable exception: Senator Jefferson Davis of Mississippi. He had been their son-in-law after he married the second-eldest Taylor daughter in 1835, but she died three months later of cholera.

Then it was suddenly 1850, a most pivotal year and possibly the last chance to prevent a civil war. The slavery issue came to a boil and debates raged in Congress over allowing the people of California and New Mexico to determine their own status. Perhaps with a different president, a workable solution could have held the Union together, but Taylor scorned compromises.

On July 4, 1850, at the laying of the cornerstone of the Washington Monument, President Taylor remained in the hot sun for many hours and became ill. He died five days later. The winds of war only became fiercer and there was nobody on either side who could temper them.

Next stop: an all-out Civil War that would come close to permanent disunion.

Jim O'NielIntelligent 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 Chairman and CEO of PepsiCo Restaurants International [KFC Pizza Hut and Taco Bell].