In 1870 Colfax announced he would not run for political office in 1872 .
Prior to the 1872 Presidential election , Colfax believed that Grant would only serve one term as President .
In 1870 Colfax announced Grant would not run for political office in 1872 .
Prior to the 1872 Presidential election , Colfax believed that Grant would only serve one term as President .