Theodore Roosevelt and Campaign Finance

Theodore Roosevelt and Campaign Finance

[Theodore] Roosevelt won a landslide election in 1904, helped in part by vast campaign contributions by corporations. Roosevelt drew heavily from railroad and insurance interests and, in the last days before the election, made a personal appeal for funds to a group of wealthy businessmen, including Henry Clay Frick, the steel baron. Years later, Frick recalled of Roosevelt, “He got down on his knees to us. We bought the son-of-a-bitch and then he did not stay bought,” Almost as soon as TR won the election, he turned his attention to passing the first campaign finance reform act in American history -- trying to outlaw the very techniques he had just used to hang on to the presidency. Roosevelt put the effort to ban corporate money in politics near the top of his agenda. In his annual message to Congress on December 5, 1905, he recommended that “all contributions by corporations to any political committee or for any political purpose should be forbidden by law.”

Roosevelt’s efforts came to fruition in 1907 with the passage of the Tillman Act, named for the eccentric rogue “Pitchfork” Ben Tillman, the South Carolina senator who sponsored the las.
The Oath - The Obama White House and the Supreme Court, Jeffrey Toobin, Page 148

Dick Henthorn
27 Aug 2019