Show RASK RASKOB B LOWERS PARTY rARI DEFICIT TO 10 I O TOTAl I I Guarantors Called Upon to Redeem Pledges I. I of Campaign M MANY MAN A N Y SURPRISED Guaranteed Fund as Matter Matter Matier Mat Mat- ter ier of Form Only NEW YORK May 30 AP The AP-The The i New York Times today said that John J J. J Raskob national chairman of the Democratic party has re reduced reduced rs- rs the party's deficit from 1 1 to by calling upon the guarantors of the Smith presidential d dentral n lal campaign to make good their pledges This was learned last night after a a. conference nce o of party leaders at which plans were ere discussed u for tor strengthening th the thO organization n hn la the different states for the tire con cone gressional campaign next nest year The call upon the campaign underwriters underwriters underwriters un un- un- un was understood to have b been en made by Mr Raskob on his iris own initiative and to have Caused consternation amon among some ot of the tIre guarantors who had signed signed the pledges as at a matter of form and had l not riot expected to be called upon to make them good The guaranty list was made up when two weeks before election ele funds were running short at Democratic Demo Demo- Demo Demo- cratic headquarters The Tire guarantors guarantors guarantors guaran guaran- tors were asked to to pledge themselves themselves them them- selves to underwrite any deficit on ona ona a a. budget of Contributions during the last few days of or the campaign were said to have o assured this sum being met but the campaign campaign campaign cam cam- eventually e went over o the budget and cost The Tire Times said sald Mr Raskob was as understood to have incurred these additional expenditures without consulting con con- suIting his colleagues at headquarters and some of the guarantors to have expressed considerable con con- resentment at being called d dupon upon to make good a deficit which resulted from fram exceeding the tho budget Doubt was expressed by some of ot the guarantors that the they were cre le legall legally le- le gall gaily liable in view of the budget ln h been exceeded but as virtually virtually vir- vir vir Ir alt all of ot them are personal friends of Mr Ir Smith they decided litigation would be Impossible and agreed to pay |