--- description: In thousands, tens of thousands, hundreds of thousands, millions, money poured into the national political treasuries. The G. O. P. was first to announce a figure surpassing the $4,000,000... title: Money image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [U.S.](/section/us/) # Money by [TIME](/author/time/) Nov 5, 1928 5:00 AM CUT by [TIME](/author/time/) Nov 5, 1928 5:00 AM CUT In thousands, tens of thousands, hundreds of thousands, millions, money poured into the national political treasuries. The G. O. P. was first to announce a figure surpassing the $4,000,000 estimates set at the beginning of the campaign. National Republican Treasurer Joseph Randolph Nutt took pains to explain that he had collected in a double capacity, for the National Committee and for the State Committees. His double-entry books showed a total collection of $4,141,080.20\. National Democratic Treasurer James Watson Gerard, without fussing about double-entries, announced a total of $3,065,038 for the Brown Derby, national and state. The Democratic fund included bank loans of $500,000, largest in U. S. political history.\* Some items in the G. 0\. P. ledger were: “Ways and Means Committee, Pennsylvania—$200,000.” “John D. Rockefeller, $25,000.” “John D. Rockefeller Jr., $25,000.” “A. William Mellon, $25,000.” “R. B. Mellon, $25,000.” “H. S. Firestone, $25,000.” “R. H. Goodrich, $25,000.” “Bernarr Macfadden, $10,000.” “Cecil B. DeMille, $10,000.” “S. S. Kresge, $10,000.” “Adolph Zukor, $10,000.” “Joseph M. Schenck, $7,000.” “Captain Robert Dollar, $5,000.” “H. H. Timken, $2,200. “The Six Fisher Brothers of General Motors, led by Eldest Brother Fred J. Fisher, donated $100,000 jointly. \*The statement in TIME, Oct. 29, that the G. O. P. negotiated loans of $600,000 and $167,000 to finance its 1920 deficit, contained a typographical error. The figures should have been $100,000 and $167,000. Money ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/archive/6656734/money/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/archive/6656734/money/"},"headline":"Money","datePublished":"1928-11-05T05:00:00.000Z","dateModified":"2026-02-26T19:40:01.667Z","description":"In thousands, tens of thousands, hundreds of thousands, millions, money poured into the national political treasuries. The G. O. P. was first to announce a figure surpassing the $4,000,000...","url":"https://time.com/archive/6656734/money/","keywords":[],"thumbnailUrl":"","author":[{"@type":"Person","name":"TIME","url":"https://time.com/author/time/"}],"articleSection":"U.S.","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/us/","name":"U.S."}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/archive/6656734/money/","name":"Money"}}]}] ```