Word: fund
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Dates: during 1950-1959
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...letter came from Houston Oilman H. J. (Jack) Porter, 61, hard-riding Republican national committeeman, who wrote 25 influential Texas Republicans on official party stationery, asking them to support a $100-a-plate fund-raising speech from House Republican Leader Joe Martin in Houston. In the letter was a pointed paragraph that punctured the great gas balloon. Excerpts: "Joe Martin . . . has always been a friend of Texas, especially of the oil-and gas-producing industries. He mustered two-thirds of the Republican votes in the House each time the bill was passed ... It will be up to Joe Martin...
...Such fund-raising methods came naturally to Jack Porter: back in 1954, accused of "selling" postmasterships for campaign contributions, Porter explained, "There's no law against soliciting funds from any source, as far as I know." But when it got the news of Porter's letter-as printed in the Washington Post and Times-Herald-the Administration exploded. Republican National Committee Chairman Meade Alcorn blew hot into the White House switchboard, and the word was relayed to President Eisenhower, who reddened and snapped: "Let's check the facts on this...
...shocked the members of that town's Optimist Club. It also shocked the club's happy, do-gooding ladies' auxiliary, a group called the Opti-Mrs. Together, they decided to help Lydia Dean. They passed the hat, ran notices in the newspapers, collected a defense fund of more than $2,000 from as far away as Florida. By the time the trial began in Venango County a fortnight ago, the whole of western Pennsylvania knew Lydia Dean's story; she had been done wrong...
Revolving Fund. And he did. Over the years, Stengle had managed to take over almost complete control of his schools' finances. He would draw checks on a special revolving "high school fund" by forging the name of the school board's secretary as cosigner. Instead of official checks with their serial numbers, he used personal blank checks, took the added precaution of making them out to cash. At the end of the month, he counted up the money he had stolen, drew a check for that amount on the school district's tax fund by forging...
...main argument is over how much help the U.S. Government should give private industry. AEC's position is that nuclear power for peaceful purposes should be largely a private venture, with AEC supplying only limited funds. Originally, businessmen supported the idea, lest nuclear energy grow into a giant public-power program. Now their position has changed. Even the stoutest private-power men feel that the program needs a strong infusion of Government aid because commercial nuclear power is so new, so complex and so costly that private companies cannot carry the burden alone. Says President Newton I. Steers...