Douglass bought the enterprise. The paper folded in 1874, but for a few years it provided him with the means to publish his opinions on the developing racial situation in the United States. Another misfortune occurred in 1872, when Douglass's Rochester home went up in flames. None of his family was hurt, but many irreplaceable volumes of his newspapers were destroyed. Although friends urged him to rebuild in Rochester, Douglass decided to move his family to the center of political activity in Washington, D.C. During 1872, Douglass campaigned hard for the reelection of President Grant. He supported the president even though many of the Republican party leaders he most respected, including Senator Charles Sumner, chose to back the Democratic candidate, Horace Greeley. Although personally honest, Grant was harshly criticized for not controlling the corrupt officials who served in his administration. Douglass stuck with the president, believing that blacks needed a strong friend in the White House. At the time, the Ku Klux Klan and other white terrorist organizations were burning black schools and murdering schoolteachers in an effort to keep southern blacks from learning how to read. Grant easily won the 1872 election, and Douglass was given an unexpected honor. He was chosen as one of the two electors-at-large from New York, the men who carried the sealed envelope with the results of the state voting to the capital. After the election, Douglass expected that he would be given a position in the Grant administration, but no post was offered, so he returned to the lecture circuit. A third financial loss struck Douglass in 1874. That year he was offered and accepted the position of president of the Freedmen's Savings and Trust Company, a bank that had been founded to encourage blacks to invest and save their money. The previous management had made huge loans to speculators at extremely low interest rates. By the time Douglass was put in char...
