Word: gifts
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Dates: during 1970-1979
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House attorneys, who made no objection to his accepting the money, then put the funds into a trust account for his two children. Rockefeller paid a gift tax on the money;- Kissinger paid a tax on the trust. Still, North Carolina's Republican Senator Jesse Helms complained in the Senate: "Even if it is legal, there is a question of whether or not it is proper to induce a sense of substantial obligation in a man who is about to become a senior public official...
While serving in high transportation posts during Rockefeller's 14-year governorship, Ronan borrowed heavily from his boss. Neither Rockefeller nor Ronan would detail the purposes of the loans and gifts further than vaguely citing real estate purchases and financial responsibilities. Ronan in 1968 became the $75,000-a-year chairman of New York's Metropolitan Transportation Authority, which owns and operates the New York City area public transit system. He quit last May when Rocky was no longer Governor. Apparently in the few days before Ronan was appointed by the Governors of New York and New Jersey...
Both the Transit Authority and the Port Authority, which operates more than 20 bridges, tunnels, airports and freight terminals, do multimillion-dollar business with New York banks, including Chase Manhattan, headed by David Rockefeller. Asked what, if anything, he did in return for the gift, Ronan jauntily told reporters: "I said thank...
...Ronan gift was clearly troublesome. It is illegal in New York State for anyone to give, or for a state employee to accept, any "gratuities ... for having engaged in official conduct which he was required or authorized to perform and for which he was not entitled to any special or additional compensation." New York State Attorney General Louis Lefkowitz, a Republican in a difficult race for reelection, said he was investigating the Ronan gift...
...convicted of bribery in a liquor-license scandal. Rockefeller commuted the sentence for Morhouse, then ill of cancer, in 1970. By then the loan had been reduced to $86,313, which Rockefeller canceled. Senate Rules Committee Chairman Howard Cannon, a Democrat, said that he was bothered by such a gift to "a convicted felon...