POLITICAL NOTES: Mortgage v. Strangle Hold

Republicans and Democrats fell to haggling again last week over national political finances. In reporting their current position, the Democrats revealed that they were still $707,054 in the red, of which $295,250 came from Chairman John Jacob Raskob. During the last three months Mr. Raskob has increased his party's debt to him by $40,000. These figures caused the Republican National Committee to remark through the convenient mouth of West Virginia's Senator Hatfield: "Mr. Raskob is steadily increasing the size of the mortgage which he holds on the once proud party of Jefferson and...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!