Presidential Campaign Funds

Archive Report

In each of the last two presidential campaigns charges have been made by candidates later defeated at the polls that huge slush funds were being raised to buy the presidency for their Republican opponents. In 1920 James M. Cox, the Democratic candidate, charged that Republicans were raising a fund of not less than $15,000,000 to debauch the electorate, and in 1924 Senator LaFollette, the independent candidate, charged that a still larger sum than had been used four years before was being expended on behalf of President Coolidge's candidacy.

During the progress of both campaigns political contributions and party expenditures were investigated by committees of the United States Senate. The first committee reported that the Republican and Democratic parties, through their official committees, spent in the ...

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