On July 1, Schively's impeachment trial started. It included 26 separate charges and, despite the fact that Schively himself admitted some charges were true, he was acquitted of all of them. Schively worked as Insurance Commissioner until the end of his term, but he was never nominated for official position again and his political activity quickly diminished. Nevertheless, he was still considered one of the best specialists in insurance, and in 1913 he was still engaged in this field.
