Salt Lake Telegram | 1931-08-17 | Page 1 | Offer of Stock in Campaign Bared by Ousted Senator

Offer of Stock in Campaign Bared by Ousted Senator I Rosen Tried to Buy Him Off in 1926 S 'S Frank L. L Smith Charges in Open Letter on Illinois Election By Associated Press rs CHICAGO Aug 17 A 17 A statement was made macic public today todar by JY Frank L L. L Smith saying Julius Rosenwald Chicago millionaire millionaire mil mit- offered him shares of Sears-Roebuck Sears stock t to 0 quit auit the 1926 United States senatorial race in Illinois S Smith who was was denied denied a seat in the enate senate following his election in 1926 made rade the statement in an open leter leter letter let let- ter er directed to Professor Carroll H. H of the University of Chicago t I came caine as a reply to a recently pub pub- shed book written by the profesor professor or sor under the title The Case of rank Prank L. L Smith Smiths Smith's' let letter r said hat he he declined the offer without hesitation Rosenwald described by Smith ashe as ashe he the chi chief chief- sponsor of the candidacy d f Hugh S. S Magill who ran as an independent republican in 1926 is ill II at his home and his son Lessing Rosenwald Issued a I statement in which he said that members of the family amily were not bringing the mater matr mat- mat er r to their fathers father's attention At time Professor said aid he had no comment to make Ut mt that he noted with regret that VIr Ir II Smith has selected as the mo- mo nent fo for launching a reported new Cor Continued nut on Page Pue Two Tw OFFER OFfE Of STOCK IN ING G CAMPAIGN BA BARED C Continued from Ta PaZ One t campaign for public office at a time ime when Mr Rosenwald's prolonged Illness ill illness Ill Ill- ness makes It difficult for him to speak for himself in the matter He added that he hoped that Smith would give us now the whole story of oC the 1926 campaign cl including the terms and conditions of his campaign campaign campaign cam cam- contributions Writing nl in the third person from Dwight Ill III Smith said he met Rosenwald Rosenwald Ros- Ros enwald In the Congress hotel October 3 1926 at Rosenwald's request He declared the philanthropist told him he Smith could not be seated even If IC he were elected to the senate that Rosenwald was supporting Ma Mcgill UI and that Ro Rosenwald had revealed at ata ata a a. meeting of oC that he would put up if tl he thought Magill could be elected QUOTES OFFER Smith said that he and Rosenwald were cre alone during the talk His statement statement statement state state- ment quoted Rosenwald as follows No one knows what I am about to say to you except my wife whose hose consent I had to get before I could make the offer and no one else will know from me inc If I If you will withdraw from the senatorial race I am here to offer you shares of or Scars-Roebuck Scars stock the moment you sign your withdrawal withdrawal withdrawal with with- notice In a afew few months that stock will be worth three-quarters three of or a million dollars Smith suggested that what he wrote might be Incorporated by Professor Professor Professor Pro Pro- fessor in future editions of his book Q as an omitted chapter of facts His statement still referring to himself In the third person quoted himself as saying to Rosenwald 4 I am astounded Mr Smith said at the turn of oC mind that some of ot you rou moralists have You think that thata a campaign contribution by Mr Insull Insull In- In sull Samuel Insull utilities magnate magnate mag mag- nate has unfitted me to ro be a representative representative rep rep- rep rep-I e of C Illinois In the senate Unfortunately yes es said Mr Ros- Ros Ros-I Ros enVald enwald I