Word: raskob
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Prejudice is a slippery thing and politics a more slippery. Every one knew that degenerate anti-Smith appeals were being made and that they greatly helped Hooverism. But Democratic Chairman Raskob was hard put to it to expose any Republican officials actually abetting them...
National Chairman Raskob received from one W. H. Ridgeway, of San Antonio, Tex., an "appeal to your spirit of sportsmanship.'' Mr. Ridgeway thought that Nominee Hoover was going to carry "every State in the Union except Louisiana, Mississippi. Georgia and South Carolina" (The Literary Digest's straw vote predicted that Nominee Hoover would carry Louisiana, Arkansas, Georgia, South Carolina). He asked Mr. Raskob to get these States to ''fall in line" and "make it unanimous...
...declare that Massachusetts, Rhode Island and Connecticut are "all right," and that "the tide has turned!" In Manhattan, betting odds dropped from 5 to 1 against the Derby to 3½ to 1. Prudent, the Candidate rested for a day at Claymont, Del., with Mr. and Mrs. John J. Raskob and eleven children. Then, unbedraggled, crisp and confident, the "bronzer"? trooped buoyantly...
Second largest donor was National Chairman John J. Raskob. Since Oct. i he had doubled his original contribution of $50,000. In addition, at a party benefit auction last week, Mr. Raskob paid $10,000 for a fine-printed copy of the Smith acceptance speech-a gift for Mrs. Smith. Presumably it is impossible for Chairman Raskob to distinguish between what would be his normal personal expenses and the miscellaneous outlay that he must make personally in the course of running the campaign. Perhaps he has thus informally contributed more than anyone else...
Another provocative item was, "Loans: Oct. 11, 1928, through County Trust Company, 15th Street and 8th Avenue, New York City, $500,000." Chairman Raskob explained, correctly, that "it has been the practice in recent campaigns to resort to this procedure when expenditures run ahead of receipts, as they usually do." The size of the loan thus frankly announced was, however, sensational. To finance the deficit of the 1920 campaign, the Republican party made loans of $600,000 and $167,000 through the Empire Trust Co., of Manhattan...