Overhead expenses, combined with direct material and direct labor expenses, form the three components to the cost of any product or service that a small business might offer.
In 1871, an era of political machines and patronage, Arthur was named to the powerful position of customs collector for the Port of New York. He later was removed from the job by President Rutherford Hayes (1822-1893) in an attempt to reform the spoils system. Elected to the vice presidency in 1880, Arthur became president after Garfield died following an assassination attempt by a disgruntled job seeker.
Despite public unhappiness, the spoils system remained in placeâits Republican supporters, including Chester Arthur, were called the Stalwartsâuntil a massive public uprising upon the assassination of President Garfield by a disappointed office seeker. Charles Guiteau shouted after shooting Garfield, I am a Stalwart .... Arthur is president!