The Federalists were trounced in the midterm congressional elections of 1882 and again in the elections of 1884. The Democrats blamed overspending and stifling tarriffs for the continuation of the economic disaster, and sought to remove the gold standard. Thus the Democratic candidate, Erastus R. Bingham won office which he assumed in 1885. President Bingham was the first president to make his home west of the Mississippi, in Washington, though his family hailed from Vermont originally. However, the economic policies of the Democrats and the Bingham administration did nothing to restore confidence to the marketplace, and the midterm congressional election saw great losses for the Democrats this time. Bingham would serve one term only, and stated he was glad of it, never traveling east of the Mississippi again after his term in office.