Word: raskobs
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...buying the Empire State Building. Reluctantly, he decided it was "too rich for my blood." But he kept a watchful eye as Detroit Real-Estate Man Roger L. Stevens made a deal six months later (TIME, June 4) to buy the building from the estate of John J. Raskob for $51 million, paying $13,500,000 in cash...
...Governor Smith, he recalls, came to see him "two or three times during the negotiations and indicated clearly his real feeling toward the President-which was that of utter contempt. He made it plain he had gone to the White House . . . only to help his friend Mr. Raskob [onetime chairman of the Democratic National Committee] get some of his money out of a losing venture...
...Roosevelt put $200,000 into the Warm Springs Foundation. The Foundation paid off the investment over the years, a process which contributions by Raskob & friends to the Foundation presumably speeded...
...that there was nothing wrong if someone had. Referring to books by Democratic Bosses Flynn and Farley, Dewey made the point that when Franklin Roosevelt was asked to run for governor in 1928, "he owed a large sum of money to the Warm Springs Foundation,"* and that John J. Raskob promised to take care of it. "I just wish we had a Raskob in the Republican Party," said Dewey. Candidate Hanley betook himself down to Wall Street on a Sunday afternoon, had himself photographed on the deserted street looking at the imposing facade of Lehman Brothers, the family investment house...
Died. John Jacob Raskob, 71, tycoon, onetime (1928-32) chairman of the Democratic National Committee; at his home near Centerville, Md. A cigarmaker's son who started out as a stenographer, Raskob arranged the deals that brought E. I. du Pont money into General Motors, became chairman of G.M.'s finance committee and a multimillionaire. An ardent Wet, he plunged into politics in '28 on behalf of his good friend and fellow Catholic Al Smith (until then he was a nominal Republican), wangled fat contributions to the Democratic cause, organized the National Committee publicity bureau that helped...