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In 1879, the two-year old Washington Post rolled out a litany of complaints against the rumor that former President Ulysses S. Grant would seek a third term. The article was called "Symptoms of Grantism," a name that implied corruption.
For the past year I've been researching a history of the Seneca quarry, the Montgomery County, MD quarry that provided the distinctly rusty red sandstone for the Smithsonian Castle and hundreds of buildings around the Baltimore and Washington area. This phrase that appeared in the Post was the first clue to a forgotten episode in American history, one that made national headlines in its day, but one that was soon forgotten. None of Grant's biographers covered what The Baltimore Sun called the "Seneca stone ring." I pieced the story together from congressional testimony, Grant's papers and newspaper articles.
The scandal was rooted in the 1866 purchase of the Seneca quarry by a number of Georgetown men, including Henry D. Cooke and John Kidwell. They organized the Seneca Sandstone Company and wanted to take advantage of the post-Civil War building boom in the nation's capital. In an early example of political influence peddling, they sold the stock to senior Republicans at half price - including to Ulysses S. Grant a year before he was elected to the presidency. That wasn't illegal then, but many accused Grant of taking a bribe when his stock ownership was revealed in early 1871 after Cooke was appointed as the first territorial governor of the District of Columbia.
Did President Grant himself do anything wrong by owning stock in the Seneca Sandstone Company? Actually, no. He did nothing illegal, and the man himself was incorruptible. He sold his shares in the company in 1871, almost two years before the Panic of 1873. Henry Cooke, on the other hand, probably should have gone to jail. Congress investigated the Seneca stone ring and recommended that Cooke and others be brought up on charges, but no one ever was. Cooke died in February 1881 a free man.
The Seneca stone ring scandal was soon forgotten, but the quarry lingered on through bankruptcies and floods until it finally closed for good in 1901. The quarry now seems lost in the impenetrable woods along the C&O Canal. But no, not forgotten anymore.