Inauguration of Chester A. Arthur 1881 President Garfield was shot in the back by Charles J. Guiteau, who shouted: "I am a Stalwart of the Stalwarts... Arthur is president now!" Arthur, who knew nothing of this in advance, was mortified. Vice President Arthur was cautious; he knew that there were a great number of people who thought that he had something to do with the attempted murder of the President, and didn't want anything to do with succession until it was actually necessary; in fact, he went into seclusion, largely confining himself to his house in New York City and avoiding public appearances. Thus, for
Charles J. Knapp P. Knapp (nephew of Charles J. Knapp) to The Outing Publishing Company, of which Charles J. Knapp was the President, and loans made by the Binghamton Trust Company to the Knapp Banks. Investigations revealed that the Knapp Bank was being bailed out by the Binghamton Trust Company of which Charles J. Knapp was the President. As a result, the Binghamton Trust Company also failed. Both Knapps were charged with criminally transferring money to an institution that they knew to be insolvent. Charles P. Knapp was sentenced to up to two years for his role in the failure. Charles J. Knapp