American Scoundrel Stephen Wallace Dorsey
True Crime Historian
Richard O Jones
4.4 • 729 Ratings
🗓️ 5 May 2026
⏱️ 9 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Del Monaco's New York City, February 11, 1881. |
| 0:11.1 | The oysters came in on ice. |
| 0:13.3 | The champagne came in on rivers. |
| 0:15.7 | In the ballroom of the finest restaurant in the Republic, some hundred men in tailcoats rose |
| 0:20.6 | to toast Stephen Wallace |
| 0:22.1 | Dorsey, and at the head of the center table sat former President Ulysses S. Grant on one side of |
| 0:27.5 | the guest of honor, and vice president-elect Chester Arthur on the other. Somewhere between the |
| 0:32.9 | sweetbreads and the cigars, Arthur got to his feet, already half in his cups, and began to speak about how |
| 0:39.3 | the late election had been won. He meant to thank Dorsey for it. He began talking about soap, |
| 0:45.6 | which was what the boys in the back rooms called bribe money that year, and he was doing it in |
| 0:50.9 | front of reporters. Grant shot him a look. Dorsey smiled a small and careful |
| 0:55.7 | smile. The Republic was learning in real time what a swindler looked like at the very top of his |
| 1:01.4 | arc. Stephen W. Dorsey had not started out a swindler. Nobody does. He was born in February of |
| 1:08.2 | 1842 on a dairy farm in Benson, Vermont, to Irish immigrant parents |
| 1:13.5 | who had about a hundred head of reason to believe that hard work was its own reward. |
| 1:18.9 | He grew up in Oberlin, Ohio, where the family moved while he was still a boy, and he |
| 1:24.1 | learned the trades of a republic on the rise, machine shops, tool works, the kind of labor that left oil under a man's fingernails and made him think of himself as honest by definition. When the war came in 61, Dorsey enlisted as a private in the first Ohio light artillery and came out the other end a colonel. He could shoot, |
| 1:45.7 | he could lead, he could talk. When the war was done, he went back to Sandusky and worked his way up |
| 1:51.1 | to the presidency of the Sandusky Tool Company. He was, at this point in the story, a perfectly |
| 1:56.8 | serviceable American. What ruined him was opportunity. In 1871, he accepted the presidency of the |
| 2:03.9 | Arkansas Central Railway and left Ohio for Helena, Arkansas, with his wife, Helen, and their two |
| 2:10.4 | small children in tow. In the Reconstruction South, a northern Republican with capital and a union |
... |
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