Jasper County Democrat, Volume 23, Number 70, Rensselaer, Jasper County, 27 November 1920 — REPUBLICAN DEFICIT IS $1,500,000 [ARTICLE]

REPUBLICAN DEFICIT IS $1,500,000

Upham Clears Up Misunderstanding of Report; Lists Totals. Chicago, Nov. 23. —The deficit incurred in the Republican campaign to elect Senator Harding was approximately $1,500,000, Fred W. Upham, national treasurer, announced here today in a statement designed to clear up a misunderstanding of his report filed at Washington yester day. Washington dispatches fixing the committee’s deficit at only $189,428.95 were based on the fact that nearly $1,400,000 in loans, which must be paid, had been added to the total receipts, he said. From July 1 to the end of the campaign, expenditures tqtaled $3,348,468.80, Mr. Upham said. During the same period subscriptions brought in $2,145,970.13, leaving a deficit of $1,340,498.67. To this deficit must be added approximately $200,000 spent between June 14, the Monday after Senator Harding’s and July 1, when the campaign books were opened.