For the Democrats, in the gloomy summer of 1948, money was hard to come by. Even tried & true contributors of other years were reluctant to bet on what seemed to be a sure loser. Then Louis Johnson stepped in, raised enough money ($1,500,000) to pay for Harry Truman's whistle-stop campaign. Some of the men on whom Johnson put the bite were longtime Democrats; some were strong for one plank or another in Harry Truman's platform; some simply found it good business to be on good terms with the Administration (as others were supporting...
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