Olds developed ambivalent feelings about West Point, admiring its dedication to "Duty, Honor, Country", but disturbed by the tendency of many tactical officers to distort the purpose of its Honor Code. In March 1943, Olds was braced by an officer upon returning from leave in New York City, and compelled on penalty of an honor violation to admit he had consumed alcohol. The infraction reduced him in rank from cadet captain to cadet private, characterized by Olds in his memoirs as "only the second cadet in the history of West Point to earn that dubious honor."