James P. Goodrich - Later Life

Later Life

In 1920, Goodrich was Indiana's favorite son candidate for the Republican nomination for president, losing to Senator Warren G. Harding. As president, Harding appointed Goodrich to the Russian Relief Commission. Goodrich made four trips to Russia, then governed by the Bolshevik regime of Vladimir Lenin, and gained a reputation as one of America's best-informed observers of conditions there. Goodrich also served in Herbert Hoover's American Relief Administration and on the St. Lawrence Waterway Commission. He remained active in Republican Party politics and made large donations from his personal fortune to Wabash College in Crawfordsville, Indiana, where he served on the board of trustees.

He became increasingly wealthy in his later life from his business investments. He successfully founded a business empire that lasted nearly a century. By the time of his death he owned a major stake in Central Newspapers, and held controlling interests in the Indiana Telephone Company, Goodrich Brothers' Company, City Securities and a host of smaller businesses. He died on August 15, 1940 at the Randolph County Hospital in Winchester, Indiana, after suffering a cerebral hemorrhage. He is buried in Fountain Park Cemetery in Winchester. Goodrich Hall at Wabash College was named in his honor.