Word: fund
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Three weeks ago State's Attorney Gutknecht got himself off the spot by releasing records confirming that Paschen's welfare fund had indeed been used for political purposes. Democrats stepped up pressure on Paschen to get off the ticket for "the good of the party." Stubbornly, the treasurer held out. Said he time and again: "I'm running...
...leads in the Hodge case, fingered the county treasurer's chief deputy, John E. Sullivan, for suspicious connections with two banks through which Hodge had done his double-dealing. Paschen fired the man. Then the news paper revealed the existence of a Herbert C. Pashen Employees Association "welfare fund" in the treasurer's office-made up by contributions from banks where county money was on deposit. Some of the money, the paper charged, had been used to further Paschen's political career...
Flowers for the Sick. Paschen fought back. He went on radio and TV to say that the fund had been used solely for welfare purposes, e.g., flowers for the sick. Besides, he argued, his predecessors had established similar funds and nobody had objected. In any case, he abolished the fund and ordered its $14,000 balance returned to the banks...
Labor unions, on the other hand, aggressively campaign for their candidates, will raise a $3,000,000 war chest (up nearly 50% since 1952) for the Democratic Party this year. While politically-oriented union periodicals and fund-raisers circulate freely in most plants, employers as a group feel workers would resent any effort to expound management's view of political issues...
...wrongly the politicians figure union officials can and do influence votes, while businessmen can't and don't. The businessman who says he's not involved in politics is kidding himself−dangerously." Adds William Harrison Fetridge, vice president of Popular Mechanics and longtime Republican fund-raiser in Chicago: "No others have a greater stake in America's future than our business people. Yet it is my belief that with their 'big-talk-little-do' platform they have abdicated their right to provide leadership in public life...