Secretary of War
In March 1857, Floyd became Secretary of War in the cabinet of President James Buchanan, where his lack of administrative ability was soon apparent, including the poor execution of the Utah Expedition. In December 1860, on ascertaining that Floyd had honored heavy drafts made by government contractors in anticipation of their earnings, the president requested his resignation. Several days later Floyd was indicted for malversation in office, although the indictment was overruled in 1861 on technical grounds. There is no proof that he profited by these irregular transactions; in fact, he went out of the office financially embarrassed.
Although he had openly opposed secession before the election of Abraham Lincoln, his conduct after the election, especially after his breach with Buchanan, fell under suspicion, and he was accused in the press of having sent large stores of government arms to Federal arsenals in the South in the anticipation of the Civil War.
Grant in his postwar Personal Memoirs said;
Floyd, the Secretary of War, scattered the army so that much of it could be captured when hostilities should commence, and distributed the cannon and small arms from Northern arsenals throughout the South so as to be on hand when treason wanted them.
— Personal Memoirs of Ulysses S. Grant
After his resignation, a congressional commission in the summer and fall of 1861 investigated Floyd's actions as Secretary of War. All of his records of orders and shipments of arms from 1859 to 1860 were examined. It is recorded that in response to John Brown's raid on Harper's Ferry he bolstered the Federal arsenals in some Southern states by over 115,000 muskets and rifles in late 1859. He also ordered heavy ordnance to be shipped to the Federal forts in Galveston Harbor, Texas, and the new fort on Ship Island off the coast of Mississippi.
In the last days of his term, he apparently had an intention to send these heavy guns, but his orders were revoked by the president.
His resignation as secretary of war, on December 29, 1860, was precipitated by the refusal of Buchanan to order Major Robert Anderson to abandon Fort Sumter, which eventually led to the start of the war. On January 27, 1861, he was indicted by the District of Columbia grand jury for conspiracy and fraud. Floyd appeared in criminal court in Washington, D.C., on March 7, 1861, to answer the charges against him. According to Harper's Weekly, the indictments were thrown out.
THE INDICTMENTS AGAINST FLOYD QUASHED. The indictments against Ex-Secretary Floyd have been quashed in the Court at Washington, on the ground—first, that there was no evidence of fraud on his part; and second, that the charge of malfeasance in the matter of the Indian bonds was precluded from trial by the act of 1857, which forbids a prosecution when the party implicated has testified before a Committee of Congress touching the matter.
— Harper's Weekly, March 30, 1861
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