Government in the United States, National, State and LocalGarner, James Wilford
History
Government in the United States, National, State and Local
Garner, James Wilford
United States -- Politics and government
_Contributions of Corporations now Forbidden._--The raising and spending
of so much money as a part of the process of electing a President has
recently given rise to a demand that the sources of national campaign
contributions should be made public. Moreover, it is coming to be
regarded as an evil that the large corporations who desire beneficial
legislation or immunity from prosecution should have become the chief
contributors to campaign funds. This feeling led to the enactment by
Congress in 1907 of a law forbidding national banks and other
corporations which have charters granted by Congress, from making
contributions to the campaign funds of any party at any election,
national, state, or local. The law also prohibits any corporation,
whether chartered under the authority of the national government or not,
from making campaign contributions at any election at which the
President of the United States or any member of Congress is to be
chosen.
_Publicity of Campaign Contributions._--In 1910 Congress passed a law
requiring the treasurer of each national party committee to make and
publish after the election a sworn statement showing every contribution
of $100 or more received by him, every expenditure of $10 or more, and
the totals of all other contributions and expenditures.
Finally, in 1911, Congress went still further and passed a law requiring
the publication of such statements _before_ the election. The elections
affected by these acts are those of President and members of Congress.
The act of 1911 forbids any candidate for representative to spend or
promise more than $5,000, and any candidate for senator more than
$10,000, in his campaign. And such candidates are required to file
statements of all campaign receipts and expenditures.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account