Monday, Nov. 10, 1924
The Auditors
The special committee of the Senate, headed by Senator Borah, and delegated to examine (TIME, Oct. 3) the receipts and expenditures for and against candidates, sat divided. In Chicago, Senators Borah and Shipstead held hearings. In Washington, Senators Caraway and Bayard did likewise. The most important information elicited, however, had to do with the amounts received and expended by the several groups. The Republicans reported collections of $3,742,962 through Oct. 30, of which amount $800,038 was returned to state organizations for which the National Committee had "acted as a collection agency"--thereby bringing the Republican fund down to $2,942,962 and within the announced $3,000,000 budget. The Democrats reported, up to Oct. 25, contributions of $552,368 and expenditures of $725,000. The LaFollette ticket reported, up to the same date, contributions of $171,821 and expenditures of $157,122. Mr. Borah, closing the hearings of his committee until later, philosophized : "And after the political consequences of the investigation have been dissipated, I think we can get at such facts as will be available to legislate on the subject in an intelligent way."