Word: sinclairism
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Though out of politics and in cinema in 1923, Mr. Hays felt that he should help "clear the deck" for the impending Coolidge campaign by assisting the G. O. P. to pay off a $520,000 deficit remaining from the Hays-managed Harding campaign. He asked Sinclair to contribute. They agreed that $75,000 was all Sinclair should give. At the same time, until other contributions could be solicited, Sinclair volunteered $185,000 more, to help make the G. O. P. books seem balanced. The money was delivered in one bundle of Government bonds and the total...
When other contributions turned up, Sinclair received back $50,000 from the G. O. P. then $50,000 more. Then Mr. Hays personally borrowed $85,000 and gave it to Sinclair, thus reimbursing him for all but his initial gift of $75,000, the amount they had agreed was fitting for him to give outright...
...said Mr. Hays, "he [Sinclair] did not feel that I should bear this burden personally and he voluntarily returned the $85,000. . . . This last transaction had not taken place when I testified before this committee...
...Asked why he did not report in 1924 that Sinclair had at one time advanced as much as $260,000 toward the G. O. P. deficit, Mr. Hays said, "I was not asked about that...
...Frederick W. Upham of Chicago who, as treasurer of the G. O. P. in 1923, collaborated with Mr. Hays in meeting the deficit and who received from Mr. Hays the Sinclair money, is dead. There is none now to disprove the hypothesis that the Sinclair money, received in the form of bonds, may have been handed out by Mr. Upham to Chicagoans who marketed the bonds and then made "contributions" to the G. O. P. under their own names instead of Sinclair...