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Campaign Spending #222860

CBS Evening News for Friday, Apr 07, 1972
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(Studio) New campaign spending law goes into effect, closing loopholes of often-ignored 47-yr.-old statute governing political contributions. Public disclosure of names and amts. of contributors required.
REPORTER: Walter Cronkite

(Washington Court House, Ohio) Dwight Coffman, wealthy, retired, Midwestern industrialist, has given $10,000 to Alabama Governor George Wallace's presidential campaign. [COFFMAN - insisted Wallace try Democrat rte.] Most Wallace money comes from small donations at campaign rallies. He has fewer "Fat Cats" than any other Democratic candidate. Contributors' statistics noted by candidate. (San Francisco, California) Mar. 24, 1972 fund raising party by San Francisco Mayor Joseph Alioto for Senator Hubert Humphrey shown. (Los Angeles, California) [Attorney Eugene WYMAN - raises money for Humphrey. Describes types of contributors.] Senator Henry Jackson's failure to reveal contributors criticized, picketed by "Common Cause," citizens' lobby which backed new law. [Common Cause Chairperson Jonn GARDNER - attacks Jackson and President Nixon for refusing to say where their money has come from.] Nixon's campaign financial director Maurice Stans urges supporters to make donations before today's deadline for revealing contributors. Cash donations are hard to monitor, but traditional "Fat Cats" won't be able to run campaigns behind scenes with new law.
REPORTER: Joel Blocker

Reporter(s):
Blocker, Joel;
Cronkite, Walter
Duration:
00:05:30

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