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Tod was unable to secure the pro-Union renomination in 1863, losing it to another War Democrat, John Brough, who enjoyed greater popularity among Ohioans and more actively supported the anti-slavery direction the Northern war effort had by then taken.
President Abraham Lincoln then offered Tod the post of U. S. Secretary of the Treasury, telling an aide, " He is my friend, with a big head full of brains ... he made a good governor, and has made a fortune for himself ".
Tod, knowing he was not radical enough for Republicans in the United States Senate and in fragile health, declined the appointment.
Tod died of a stroke in 1868, at the age of 63, leaving a widow and seven children.
He was a Republican Presidential elector in 1868 for Grant / Colfax.
He died before the meeting of electors, and was replaced by G. V. Dorsey.

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