In 1866, he resigned from the army and two years later was elected
Governor of Illinois as a candidate of the Republican Party. He succeeded fellow Republican, General
Richard James Oglesby. As Governor, Palmer signed the 1872 Public Library Act, establishing tax-funded public libraries in Illinois. He also advocated for establishing reform schools for youthful offenders, deeming capital punishment "a vestige of barbarism" and believing that contact with repeat criminals at prisons would worsen their habits. Furthermore, Palmer urged ratification of the
Fifteenth Amendment and supported the adoption of the 1870 Illinois State Constitution.
1892 presidential possibility In the
1892 presidential election, Palmer was seriously considered as a presidential candidate. At first, Palmer was taken up as a "refuge" candidate. Some Chicago Democrats, who were not prepared to accept Cleveland, Hill, or Gorman, were to support Palmer until they could go to the winner. This in itself was a point gained by Palmer, and he proceeded to utilize it at once. In early February 1892, Palmer had a conference with
Patrick A. Collins, a former Democratic Massachusetts Congressman. At this conference, the two Democrats concluded a treaty. The purpose of the treaty was to make Palmer the Democratic presidential candidate and Massachusetts Governor
William Russell, Collins' political ally and personal friend, the vice presidential candidate. Collins argued that being a Western senator of Kentucky stock, Palmer would be acceptable to the Southern Democrats. The objection to Palmer's age would be met by pointing out that Russell, the youngest of governors, would become president in the event of his death. Russell's nomination would command the support of New England Democrats. Before the 1892 Democratic National Convention, Cook County Democrats held a convention and endorsed Senator Palmer for president. In the end, Palmer stood faithful to former president Grover Cleveland and worked to have him nominated. Even though he supported Cleveland, many Illinois Democrats still supported him for president. Palmer was such a serious candidate that he had to go to the Democratic Convention in Chicago to discourage his nomination. However, under exceptional circumstances, he ran for president in 1896 rather than seeking reelection to the Senate.
Defending the gold standard Palmer was the presidential candidate for the
National Democratic Party in the
1896 election. The National Democratic Party was a conservative splinter group opposed to the free-silver platform of the regular Democratic Party and its nominee, William Jennings Bryan. His running mate on this "Gold Democratic" ticket was
Simon Bolivar Buckner, Sr., a former
Confederate general and governor of
Kentucky. The National Democratic Party ticket received the coveted endorsement of the
New York Times. The party arose out of a split in the Democratic Party due to the economic depression that occurred under Democratic president
Grover Cleveland. At the 1896 presidential convention, one of Palmer's main Illinois rivals was Governor
John Peter Altgeld, who succeeded in getting a candidate, former Illinoisan
William Jennings Bryan, nominated for the presidency. The currency issue dominated the campaign, blurring party lines. Eastern Democrats, unable to accept the party's free-silver platform and unwilling to support McKinley for his tariff views, created a political party and nominated Palmer as their candidate. Palmer opposed
free silver, which was a plan to place the value of silver to gold at a 16-to-1 ratio and then to tie the U.S. dollar to that value. Palmer noted that this plan ran contrary to the world market value of silver and gold, about 32 to 1. But, with Altgeld and Bryan in control of the Democratic convention, free silver won the day. Palmer believed it would have ruined the American economy, and he ran for president for a third party that was a breakaway group of Democrats. An article in the
libertarian The Independent Review argues that in waging this
quixotic campaign, he was a crucial figure in the "last stand" of
classical liberalism as a political movement in the 19th century. Palmer and the other founders were disenchanted Democrats who viewed the party as a means to preserve the small-government ideals of
Thomas Jefferson and
Grover Cleveland, which they believed had been betrayed by Bryan. In its first official statement, the executive committee of the party declared the Democrats had thought "in the ability of every individual, unassisted, if unfettered by law, to achieve his own happiness" and had upheld his "right and opportunity peaceably to pursue whatever course of conduct he would, provided such conduct deprived no other individual of the equal enjoyment of the same right and opportunity. [They] stood for freedom of speech, freedom of conscience, freedom of trade, and freedom of contract, all of which are implied by the century-old battle-cry of the Democratic party, 'Individual Liberty'". The party criticized both the inflationist policies of the Democrats and the protectionism of the Republicans. Palmer died of a
heart attack in
Springfield, Illinois, on September 25, 1900, and was interred in the City Cemetery in
Carlinville, Illinois. John M. Palmer Elementary School, located at 5051 North Kenneth Avenue on the northwest side of Chicago, was named in his honor. ==See also==