Here’s why I admire Helen Keller, Sir Christopher Wren, Mark Twain and Doctor Who

Peter Cushing starred in Dr. Who and the Daleks, a 1965 movie based on the TV series. A British “quad” poster for the film sold for $3,585 at a July 2017 Heritage auction.

By Jim O’Neal

Doctor Who was a popular sci-fi TV series in Britain that originally ran from 1963-89 on BBC. Myth has it that the first episode was delayed for 80 seconds due to an announcement of President Kennedy’s assassination in Dallas. We had the opportunity to watch a 1996 made-for-TV movie in London that co-starred Eric Roberts (Julia’s older brother). Alas, it failed to generate enough interest to revive the original Doctor Who series (at least until a new version was launched in 2005).

A 1982 episode from the first run of the show is still popular since the story claimed that aliens were responsible for the Great Fire of London of 1666 and mentioned Pudding Lane. Ever curious, I drove to Pudding Lane, a rather small London street, where Thomas Farriner’s bakery started the Great Fire on Sunday, Sept. 2, shortly after midnight, and then proceeded to rain terror down on one of the world’s great cities.

Pudding Lane also holds the distinction of being one of the first one-way streets in the world. Built in 1617 to alleviate congestion, it reminds one just how long Central London has been struggling with this issue that plagues every large city. Across from the bakery site is a famous landmark monument built in memory of the Great Fire. Not surprisingly, it was designed by the remarkable Sir Christopher Wren (1632-1723).

Wren is an acclaimed architect (perhaps the finest in history) who helped rebuild London with the help of King Charles II. This was no trivial task since 80 percent of the city was destroyed, including many churches, most public buildings and private homes … up to 80,000 people were rendered homeless. Even more shocking is that this disaster followed closely the Great Plague of 1665, when as many as 100,000 people died. A few experts have suggested that the 1666 fire and massive refurbishment helped the disease-ridden city by eliminating the vermin still infesting parts of London.

One of Wren’s more famous restorations is St. Paul’s Cathedral, perhaps the most famous and recognizable sight in London yet today. Many high-profile events have been held there, including the funerals of Prime Minister Winston Churchill and Margaret Thatcher, jubilee celebrations for Queen Victoria and Queen Elizabeth II, and the wedding of Prince Charles and Lady Diana … among many others.

Even Wren’s tomb is in St. Paul’s Cathedral. It is truly a magnificent sight to view Wren’s epitaph:

“Here in its foundations lies the architect of this church and city, Christopher Wren, who lived beyond ninety years, not for his own profit but for the public good. Reader, if you seek his monument – look around you. Died 25 Feb. 1723, age 91.”

In addition to Wren’s reputation as an architect, he was renowned for his astounding work as an astronomer, a co-founder of the elite Royal Society, where he discussed anything scientific with Sir Isaac Newton, Blaise Pascal, Robert Hooke and, importantly, Edmond Halley of comet fame. Halley’s Comet is the only known short-period comet that is regularly (75-76 years) visible to the naked eye. It last appeared in our solar system in 1986 and will return in mid-2061.

Samuel Langhorne Clemens (aka Mark Twain) was born shortly after the appearance of Halley’s Comet in 1835 and predicted he “would go out with it.” He died the day after the comet made its closest approach to earth in 1910 … presumably to pick up another passenger. We all know about Twain, Tom Sawyer and Huckleberry Finn. But far fewer know about his unique relationship with Helen Keller (1880-1968). She was a mere 14 when she met the world-famous Twain in 1894.

They became close friends and he arranged for her to go to Radcliffe College of Harvard University. She graduated in 1904 as the first deaf and blind person in the world to earn a Bachelor of Arts degree. She learned to read English, French, Latin and German in braille. Her friend Twain called her “one of the two most remarkable people in the 19th century.” Curiously, the other candidate was Napoleon.

I share his admiration for Helen Keller.

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].

Twain’s ‘Gilded Age’ in retrospect resembles a warning – comeuppance wrapped in satire

A signed presentation copy of The Gilded Age by Mark Twain and Charles Dudley Warner sold for $5,750 at an October 2017 Heritage auction.

By Jim O’Neal

The Gilded Age was a fascinating time for millions of people. It is typically used as a metaphor for a period of time in Western history characterized by peace, economic prosperity and optimism. It is assumed to have started circa 1870 and extended until the horrors of World War I spread a plague of death, disease and destruction that consumed civilized nations and destroyed four empires.

In France, it was called La Belle Époque (Beautiful Era) dating from the end of the Franco-Prussian War (1871). In the United Kingdom, it overlapped the Victorian era, and in Spain the Restoration. In Australia, this period included several gold rushes that helped the “convict colonies” transform to semi-progressive cities. These are only a few of many examples.

Historian Robert Roswell Palmer (1909-2002) noted “European civilization achieved its greatest power in global politics, and also exerted its maximum influence upon people outside Europe.” R.R. Palmer was a remarkable and distinguished historian, educated in Chicago (taught at Princeton and Yale) who published A History of the Modern World in 1950. I believe it has been continually updated, the last time in 2013. Although I’ve never actually seen a copy, it gets high marks. At a reported 1,000 pages and weighing five pounds, it is not on any of my wish lists. (His wife once commented she felt sympathetic for his students having to lug it around!)

In the United States, the Gilded Age is considered to have started following the Panic of 1873. There were a number of contributing factors. Naturally, the post-Civil War era benefited from the cessation of mindless destruction in the Southern states. Then the extensive rebuilding boosted economic activity at the same time Western expansion to the Pacific Ocean created widespread urbanization.

With workers’ wages in the United States significantly higher than Europe, millions of immigrants were eager to join and this provided the manpower ingredient to natural-resource opportunities. It was a perfect fit – unlimited land, vast forests, rivers, lakes and unknown quantities of gold, silver and coal. We had fur-bearing animals, unlimited fish, millions of bison and weather that was moderate and dependable. In a 30-year period, real wages grew 60 percent as the silhouette of a new world power was taking shape. All without the tyranny that was so prevalent in the world.

Mark Twain (Samuel Langhorne Clemens) actually coined the terminology in a novel co-authored by Charles Dudley Warner in 1873. Their book – The Gilded Age: A Tale of Today – was a typical Twain satire that captured the widespread social problems that were masked by a thin gold gilding. It also obscured the massive corruption and wealth creation of the perpetrators.

This was well before his better-known work The Adventures of Tom Sawyer (1876), which described life on the Mississippi River. The sequel, The Adventures of Huckleberry Finn (1884), was even more popular. First published in England, it exposed the prevalence of racism and the frequent use of the “n” word. The U.S. publication in 1885 only fanned the flames of racial debate.

It was banned in many schools and libraries, remaining controversial during the entire 20th century. As late as 2016, both Huckleberry Finn and To Kill a Mockingbird were banned in a Virginia school. Of course, there was some irony in the fact that our first black president was serving his second term in office.

In fact, Twain’s Gilded Age was meant as a pejorative and didn’t really enter contemporary usage until the 1920s. But it was an apt description throughout the 1870s, until the late 1920s ushered in the crash of Wall Street. With the Union off the gold standard, credit was readily available and the U.S. monetary supply was far larger than before the war.

Northerners, largely insulated from the actual war, sensed the almost inevitability of an industrialize nation and railroads across the country like an iron spiderweb. The early days of the Gilded Age – before the name gained its truer historical meaning – were alive with the optimism and speculation on America’s potential. It was a great run and established America as the greatest country in the history of man.

Twain’s Gilded Age looks in retrospect like a prescient warning – comeuppance wrapped in satire. The Great Depression quickly evaporated the hopes and dreams of millions and then consigned them back to poverty pending another cycle of war followed by prosperity. Andrew Carnegie noted for posterity his opinion on wealth creation: “The proper policy was to put all eggs in one basket and then watch that basket.”

It is hard to draw lessons from these cycles if we consider the current federal government, the U.K. and their Brexit, Africa, most of Latin America, virtually the entire Middle East, and the possible outcome of Hong Kong-China. But we keep trying.

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].

 

Twain’s Era Marked America’s Emergence on the World Stage

An 1876 first edition, first printing of Mark Twain’s The Adventures of Tom Sawyer sold for $13,750 at an August 2015 Heritage auction.

By Jim O’Neal

American writer and satirist Mark Twain was born on Nov. 30, 1835 – exactly two weeks after Halley’s Comet made its appearance. In his 1909 biography, he wrote, “I came in with Halley’s Comet in 1835. It is coming again next year and I expect to go out with it. It will be the greatest disappointment of my life if I don’t go out with Halley’s Comet. The Almighty has said, no doubt, ‘Now here are these two unaccountable freaks, they came in together, they must go out together.’” Twain died shortly after the comet returned.

Twain – real name Samuel Langhorne Clemens – co-wrote a novel with his friend Charles Dudley Warner titled The Gilded Age: A Tale of Today. It was the only time Twain wrote with a collaborator and it was supposedly the result of a dare from their wives. Whatever the truth, the novel lent its name to the post-Civil War period, which has become widely known as the Gilded Age. The novel skewered that era of American history because of the widespread corruption and materialistic greed of a few at the expense of the downtrodden masses.

Twain

From a purely economic standpoint, the period of 1870-90 was when the United States became the dominant economy in the world. For the majority of recorded history, China and India were the global powerhouses, with 70 percent of world GDP. Economic output, up until about 200 years ago, was largely driven by large populations of people. But with the industrial revolution, followed by the information revolution, the significance of mere huge populations declined. While Europe was going through its resurgence following the Dark Ages, the Asian superpowers were divided into small kingdoms fighting each other.

Factors contributing to the post-Civil War growth were primarily in the North as industrial expansion surged while the slave-labor system was abolished and cotton prices collapsed. New discoveries of coal in the Appalachian Mountains, oil in Pennsylvania, and iron ore around Lake Superior fueled the growth of the United States infrastructure. Railroad systems more than tripled from 1860 to 1880 – concurrent with the Transcontinental Railroad (1869) that linked remote areas with the large industrial hubs; along with commercial farming, ranching and mining. London and Paris poured money into U.S. railroads and American steel production surpassed the combination of Britain, Germany and France. Technology flourished with 500,000 patents issued for new inventions and Thomas Edison and Nikola Tesla electrified the industrial world.

Capital investment increased by 500 percent and capital formation doubled. By 1890, the United States surpassed Britain for manufacturing output and by the beginning of the 20th century, per-capita income was double that of Germany or France and 50 percent higher than Great Britain.

Then, inexplicably, Europeans started a world war and 20 years later, both the European and Asian nations started another global conflict. The United States strategically entered both wars late, preserving our capital, military and human resources. Excluding a few ships here and there (e.g. Pearl Harbor), we kept 100 percent of our domestic infrastructure intact. Excluding 9/11, we have probably damaged more of our own cities in domestic protests and rioting than all foreign enemies combined in acts of war.

As Pogo wisely observed, “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].

How Far Will We Go In Amending American History?

A collection of items related to the dedication of the Washington Monument went to auction in May 2011.

By Jim O’Neal

Four years ago, George Clooney, Matt Damon and Bill Murray starred in a movie titled The Monuments Men, about a group of almost 400 specialists who were commissioned to try and retrieve monuments, manuscripts and artwork that had been looted in World War II.

The Germans were especially infamous for this and literally shipped long strings of railroad cars from all over Europe to German generals in Berlin. While they occupied Paris, they almost stripped the city of its fabled art collections by the world’s greatest artists. Small stashes of hidden art hoards are still being discovered yet today.

In the United States, another generation of anti-slavery groups are doing the exact opposite: lobbying to have statues and monuments removed, destroyed or relocated to obscure museums to gather dust out of the public eyes. Civil War flags and memorabilia on display were among the first to disappear, followed by Southern generals and others associated with the war. Now, streets and schools are being renamed. Slavery has understandably been the reason for the zeal to erase the past, but it sometimes appears the effort is slowly moving up the food chain.

More prominent names like President Woodrow Wilson have been targeted and for several years Princeton University has been protested because of the way it still honors Wilson, asserting he was a Virginia racist. Last year, Yale removed John C. Calhoun’s name from one of its residential colleges because he was one of the more vocal advocates of slavery, opening the path to the Civil War by supporting states’ rights to decide the slavery issue in South Carolina (which is an unquestionable fact). Dallas finally got around to removing some prominent Robert E. Lee statues, although one of the forklifts broke in the process.

Personally, I don’t object to any of this, especially if it helps to reunite America. So many different things seem to end up dividing us even further and this only weakens the United States (“United we stand, divided we fall”).

However, I hope to still be around if (when?) we erase Thomas Jefferson from the Declaration of Independence and are only left with George Washington and his extensive slavery practices (John Adams did not own slaves and Massachusetts was probably the first state to outlaw it).

It would seem to be relatively easy to change Mount Vernon or re-Washington, D.C., as the nation’s capital. But the Washington Monument may be an engineering nightmare. The Continental Congress proposed a monument to the Father of Our Country in 1783, even before the treaty conferring American independence was received. It was to honor his role as commander-in-chief during the Revolutionary War. But when Washington became president, he canceled it since he didn’t believe public money should be used for such honors. (If only that ethos was still around.)

But the idea for a monument resurfaced on the centennial of Washington’s birthday in 1832 (Washington died in 1799). A private group, the Washington National Monument Society – headed by Chief Justice John Marshall – was formed to solicit contributions. However, they were not sophisticated fundraisers since they limited gifts to $1 per person a year. (These were obviously very different times.) This restriction was exacerbated by the economic depression that gripped the country in 1832. This resulted in the cornerstone being delayed until July 4, 1848. An obscure congressman by the name of Abraham Lincoln was in the cheering crowd.

Even by the start of the Civil War 13 years later, the unsightly stump was still only 170 feet high, a far cry from the 600 feet originality projected. Mark Twain joined in the chorus of critics: “It has the aspect of a chimney with the top broken off … It is an eyesore to the people. It ought to be either pulled down or built up and finished,” Finally, President Ulysses S. Grant got Congress to appropriate the money and it was started again and ultimately opened in 1888. At the time, it was 555 feet tall and the tallest building in the world … a record that was eclipsed the following year when the Eiffel Tower was completed.

For me, it’s an impressive structure, with its sleek marble silhouette. I’m an admirer of the simplicity of plain, unadorned obelisks, since there are so few of them (only two in Maryland that I’m aware of). I realize others consider it on a par with a stalk of asparagus, but I’m proud to think of George Washington every time I see it.

Even so, if someday someone thinks it should be dismantled as the last symbol of a different period, they will be disappointed when they learn of all the other cities, highways, lakes, mountains and even a state that remain to go. Perhaps we can find a better use for all of that passion, energy and commitment and start rebuilding a crumbling infrastructure so in need of repairs. One can only hope.

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].

Chester Arthur Surprised His Critics, Overcame Negative Reputation

This ribbon with an engraved portrait of Chester Alan Arthur, issued as a souvenir for an Oct. 11, 1882, “Dinner to The President of the United States by The City of Boston,” sold for $437 at a November 2014 auction.

By Jim O’Neal

President Ulysses S. Grant appointed Chester Alan Arthur to the lucrative post of Collector of the Port of New York in 1871. Arthur held the job for seven years, and with an annual gross income of $50,000, was able to accumulate a modest fortune. He was responsible for the collection of about 75 percent of the entire nation’s duties from ships that landed in his jurisdiction, which included the entire coast of New York state, the Hudson River and ports in New Jersey.

In 1872, he raised significant contributions from Custom House employees to support Grant’s successful re-election for a second term. The spoils system was working as designed, despite occasional charges of corruption.

Five years later, the Jay Commission was created to formally investigate corruption in the New York Custom House and (future president) Chester Arthur was the primary witness. The commissioner recommended a thorough housecleaning and President Rutherford B. Hayes fired Arthur and then offered him an appointment as consul general in Paris. Arthur refused and went back to New York law and politics.

At the 1880 Republican National Convention, eventual nominee James Garfield first offered the VP slot to wealthy New York Congressman Levi Morton (later vice president for Benjamin Harrison), who refused. Garfield then turned to Chester Arthur, who, when he accepted, declared, “The office of the vice president is a greater honor than I ever dreamed of attaining.” It would be the only election he would ever win, but it was enough to foist him into the presidency.

The Garfield-Arthur ticket prevailed and after being sworn in on March 4, 1881, the 49-year-old Garfield’s first act was to turn and kiss his aged mother. It was the first time a president’s mother had ever been present at an inauguration. She would outlive her son by almost seven years. President James Polk (1845-1849) also died three years before his mother, the first time that had happened.

On the morning of July 2, President Garfield was entering the Baltimore and Potomac Railroad Station in Washington, D.C., where he was to board a train to attend the 25th reunion of his class at Williams College. A mentally disturbed office seeker, Charles J. Guiteau, shot him twice. He died 80 days later and for the fourth time in history, a man clearly only meant to be vice president ascended to the presidency.”

“CHET ARTHUR PRESIDENT OF THE UNITED STATES! GOOD GOD!”

Although President Arthur’s greatest achievement may have been the complete renovation of the White House, he surprised even some of his harshest critics. Mark Twain may have summed it up best: “I am but one in 55 million, still in the opinion of this one-fifty-five millionth of the country’s population, it would be hard to better President Arthur’s administration.”

Faint praise, yet probably accurate. (First, do no harm.)

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].

‘Huck Finn’ Established Enduring Hallmarks of Our National Sense of Humor

A first American edition, first issue of Mark Twain’s Adventures of Huckleberry Finn, with a tipped-in Twain signature, sold for $11,875 at an April 2016 Heritage auction.

By Jim O’Neal

Here’s a good literary rule of thumb. Any book that someone has seen fit to ban has got to be worth reading. And when a book has been banned for so long and so often and for so many reasons – as has The Adventures of Huckleberry Finn – that’s as compellingly an endorsement as you can hope for.

If anything, Huckleberry Finn has become even more disturbing since its first appearance in 1885. It’s a book that, even when you reread it, is never what you expect – by turns raw, sweet, funny, deeply principled and deliberately shocking.

Twain

It has been a lightning rod for the squeamish and for naysayers and prigs of every stripe. Huck Finn was a victim of political correctness long before there was such an imprecise, overused and contentious term. The indictment is by now tiresomely familiar and of some of the charges, at least, plainly guilty. Yes, it uses the “n” word – 215 times to be accurate. People used the word back then and still do today. However, who is allowed to seems to be fungible and the rules enforced for maximum social effect. And Huck – not to mention most of the book’s other characters, black and white – does engage in what we would call racist thinking.

But Huck is not Mark Twain, remember, and early on we discover he has a lot to learn. The story of Huckleberry Finn is, in part, the story of Huck’s education and he is taught by none other than Jim, the runaway slave who is in fact the book’s wisest and most humane character. Set at a time when America was still riven and corrupted by slavery, Huckleberry Finn is a depiction of racism at its most virulent, but it is itself among the most anti-racist novels ever written.

The charge of racism is so specious that it invites us to wonder if some other agenda isn’t at work in the minds of those who raise it. And the same is true of those 19th century moralists like librarians, town fathers and custodians of the public weal who originally objected on grounds of vulgarity and sacrilegiousness. What really upsets people about Huck Finn is that it is so deeply skeptical – subversive even – of received wisdom and official pieties of every sort. It breaks all the rules and does so from its first sentence: “You don’t know about me, without you have read a book by the name of The Adventures of Tom Sawyer, but that ain’t no matter.”

There had never been a sentence like that in American literature before. It is vulgar, in the way that everyday speech is vulgar, and it introduces us not to the familiar narrator of 19th-century fiction, with measured cadences and worldly wisdom, but to a 14-year-old boy, a wiseass who takes nothing on faith, especially not what he’s been told by his elders. It’s a voice so authentically American that it’s startling that we never heard it in books until then. In an almost embarrassing way, it reveals as phony so much written until then.

Ernest Hemingway famously said of Huckleberry Finn that all American literature comes from it and that “there was nothing before” – which is a stretch, but not by much. What is certainly true is that all American comedy comes from Huck Finn and it established in an instant the two enduring hallmarks of our national sense of humor: a deadpan delivery and a take-no-prisoners attitude. We get taken on a tour down Twain’s beloved Mississippi through an America in the process of becoming a country. Filled with an incomparable gallery of rogues, swindlers and hypocrites, it’s Twain’s take on this nascent country … withering, but exact.

I suspect nothing would please Twain more – or surprise him less – to learn that his book still has the power to both amuse and make us wince … things that are in short supply as we hurry from one outrage to another by people that will probably always be angry, about something.

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].

Victoria Not Exactly the Prudish Queen of History Books

A photo album celebrating Queen Victoria’s diamond jubilee went to auction in October 2014.

By Jim O’Neal

In an era known for great leaps in innovation and industrialization, Mark Twain opined, “She will witness more things invented than any other monarch that ever lived!”

There is no easy way to quantify this observation and no practical value in affirming or refuting its veracity. One only has the luxury of taking a pragmatic assessment of this historical epoch, compounded by the astonishing longevity of her reign as Queen of England (surpassed by Elizabeth II in October 2016).

Christened Alexandrina Victoria, Queen Victoria (1819-1901) was the first British monarch to be photographed, but what we remember is the figure of a monarch in profile: short and heavy. Accident and tragedy put her on the throne soon after her 18th birthday in 1837 and there she stayed for 63 years and seven months until her death following a series of strokes.

Married in February 1840 to first cousin Prince Albert of Saxe-Coburg-Gotha (Germany), the queen’s power began to erode slowly with an ultimate role reversal. Over the course of their 21-year marriage, Albert became ensconced in the world of governance, while Victoria receded to the domestic realm. Albert was loyal, but he was a diligent misogynist who believed that ruling was a male prerogative.

Queen Victoria was pregnant for a total of 80 months, giving birth to nine children, all attaining adulthood, over a 17-year period. After the ninth child, the royal physicians advised that – at almost 38 years old – this should be the last one. She quickly responded, “Can I have no more fun in bed?” She was a woman who shocked with her candid approach to pregnancy and did nothing to hide her obvious sexual appetite. This is clearly not the prudish queen of history books who lent her name to an entire era known for the repression of emotional and sexual feelings.

A pure iconoclast, she was emotional, demonstrative, sexual and driven. She loved to dance and was fervently opposed to animal cruelty. She gamely survived eight assassination attempts. She was wildly in love with Prince Albert and suffered a bottomless grief at his early death in 1861 – a full 40 years before her own passing. It is commonly believed that after his death, she withdrew from public life, essentially abdicating her responsibilities. Actually, she used the stereotype of her sex to advantage … claiming nervous weakness while ruthlessly micromanaging her political cabinet, often sending them hourly orders.

This apparent dichotomy was fostered, since her historical image was curated by those closest to her. Daughter Beatrice transcribed her mother’s journals. She edited out everything that reflected poorly on her, and then burned the originals in what has been described as “the greatest act of censorship in history.” Yet today, the keepers of the physical details of Victoria’s death prefer they not be published. That the queen lived with a painful prolapsed uterus for decades is a secret that was meticulously concealed.

In a similar manner, her family tried to erase all evidence that she cared deeply for any of the other men in her long life, except for her adored Prince Albert. Victoria’s sanitized, puritanical mythology was a creative act of fiction, intended to illuminate the woman those around her wanted her to be.

Girls just want to have fun.

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].

It Was a Rough Road, but After His Presidency, Grant Found His Way

This oil on canvas portrait of Ulysses S. Grant by Freeman Woodcock Thorp (1844-1922) sold for $10,456.25 at a June 2008 Heritage auction.

By Jim O’Neal

After President Ulysses S. Grant left office in 1877, he went on a world tour that lasted two years. Some of the highlights included dinner with Queen Victoria, and meetings with Pope Leo XIII and German Chancellor Otto von Bismarck in Europe.

After a trip to India, Grant and family turned to Asia and visited Burma, Siam (Thailand) and Cochinchina (Vietnam). On mainland China, they visited several cities and he ended up brokering an agreement between China and Japan regarding the Ryukyu Islands (sound familiar?).

Eventually, they returned to America and Grant was broke and badly in need of income. He tried several things, including a railroad in Mexico. Nothing was remotely successful and he was desperate.

The biggest disappointment was yet to come and it involved a brokerage house at 2 Wall Street that Ulysses Jr. started with a close and trusted friend. At first there were years with double- and triple-digit returns and Grant was feeling more secure. Then the firm had a cash crunch and Grant borrowed $150,000 from businessman William Vanderbilt. However, it was discovered to be a Ponzi scheme, which left Grant destitute and in debt … unable to repay the loan.

He then agreed to write an article for a magazine on the Battle of Shiloh (where he led Union forces to victory) for $500. Not only was it well received, but Grant truly enjoyed the writing and it lifted his spirits to recall his earlier days. After several more articles, including accounts of Vicksburg and the Battle of the Wilderness, it led to negotiations over a book.

Enter good friend Mark Twain.

Twain convinced Grant that he would give him 75 percent of the royalties in return for the publishing rights. Then Grant discovered he had throat cancer (remember all those cigars?) and it became a race between death and finishing the book. The book won (barely) and the royalties provided the Grant family with enough money to be comfortable after his death. Estimates range from $400,000 and expectations were exceeded.

The combination of ex-President Grant, his memoirs, a surprisingly literary ability and the experience of Mark Twain produced a happy ending to a remarkable period of American history.

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].