Clifton K. Yearley - The money machines: the breakdown and reform of governmental and party finance in the North, 1860-1920

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title	:	The Money Machines; : The Breakdown and Reform of Governmental and Party Finance in the North, 1860-1920
author	:	Yearley, Clifton K.
publisher	:	State University of New York Press
isbn10 | asin	:	0873950720
print isbn13	:	9780873950725
ebook isbn13	:	9780585064000
language	:	English
subject	Finance, Public--United States--History, Political parties--United States, Campaign funds--United States.
publication date	:	1970
lcc	:	HJ241.Y4eb
ddc	:	336.73
subject	:	Finance, Public--United States--History, Political parties--United States, Campaign funds--United States.

The Money Machines The Breakdown and Reform of Governmental and Party Finance in the North, 1860-1920 C. K. Yearley STATE UNIVERSITY OF NEW YORK PRESS ALBANY

Published by State University of New York Press, Thurlow Terrace, Albany, New York 12201 Copyright 1970 by The Research Foundation of State University of New York. All rights reserved Library of Congress Catalog Card No. 74-112605 International Standard Book No. 0-87395-072-0 PRINTED IN THE UNITED STATES OF AMERICA by The Riverside Press, Inc., Cambridge, Massachusetts Designed by Joseph W. Krugh Permission to quote from the Charles Sumner Papers in the Sumner Estate has been granted by the Yale University Library. Permission to quote from the Thomas McIntyre Cooley Papers and the Henry Carter Adams Papers has been granted by the University of Michigan Library, Ann Arbor.

To the memory of eight men who died in The Marianas and to Michael, Thomas, & Scott

Page vii CONTENTS Acknowledgments ix Introduction xi Part I Breakdown 1. The Menace of the New Democracy 3 2. The Escape of the "New" and the Old Wealth 37 3. Inequity and Inequality 77 4. The Cult of Efficiency and Party Finance 97 5. The Dominance of the Politician 121 Part II Renovation and Reform 6. Obstacles to Reform 137 7. The Experts and the Instruments of Reform 167 8. The Main Lines of Reform 193 9. The Breakthrough 225 10. The Nature of the Achievement and the Anomaly of Party Finance 253 Notes 283 Selected Bibliography 329 Index 365

Page ix ACKNOWLEDGEMENTS Assistance to this study has been generous and sustained. I am particularly grateful for financial aid from the Penrose Fund of the American Philosophical Society, for initial research grants from the Graduate School of the University of Florida, and since 1966 for regular awards from the Committee on Faculty Research of the State University of New York at Buffalo as well as from The Research Foundation of State University of New York. As scholars will readily appreciate the staffs and facilities of the Boston Public Library, the Chicago Public Library, the Columbia University Libraries, the Duke University Library, the Buffalo and Erie County Public Library, the Johns Hopkins University Library (the Eisenhower Library), Harvard University Library, the Indiana State Library, the Library of Congress, the Library of the State of New York, Albany, the Lockwood Memorial Library of the State University of New York at Buffalo, the Nelson Gay Library (Rome, Italy), the Newberry Library, the New York Public Library, the Ohio Historical Society, the Historical Society of Cincinnati, the Pennsylvania Historical Society, and the libraries of Pennsylvania State University, the University of Florida, The University of Michigan (Ann Arbor), the University of North Carolina, the University of Wisconsin (Madison), and Yale University proved invaluable, reducing the frictions and the tedium of my researches to a minimum. For an old friendship and the wise counsel attending it I am especially indebted to Professor Francis C. Haber, Chairman of the History Department of the University of Maryland. Friend and colleague, Professor Robert Ganyard carefully read the manuscript driving me to further revisions and the correction of egregious blunders. To my old comrade Professor Robert Sharkey, Chairman of the Department of

Page x History, George Washington University and to members of "The Chapter" of the Johns Hopkins University my personal and intellectual debts are also venerable and large. I incurred a special obligation to Shere Hite of Columbia University Graduate School. Katherine Becker's two years of assistance to me as Director of Graduate Studies in History, rendered with unfailing grace, gentility, and tolerance, has done much to make the continuation of my scholarship possible. The finest professional environment in which I have ever worked is a direct consequence of the superbly creative chairmanship of Robert A. Lively and the good judgment and informed dedication of Lewis Perry, Orville Murphy, and the beloved and respected John Horton. For their many services, clerical and personal, my warm thanks must likewise extend to Margaret Collver, Mary Ann Janiga, Joyce Klein, Dorothy Ward, Esther Munshen, and Fred Henrich of SUNY Buffalo, to Martha Hubbard and Margaret Lough of the Johns Hopkins University Library, to Harriet and Margola Rivkin of Baltimore, and to Margaret Mirabelli of Delmar, New York. Broady Richardson shared my hegira and knows something of the distance we have both come. In return for their confidence and willingness to listen I can only say of my own graduate studentsRosa Lynn B. Pinkus, Arthur Markowitz, Martin Schiesl, and Frank Manuele that I wish all scholars were able to look forward to such fine replacements. Above all for her infinite patience and understanding my most heartfelt thanks must go to my wife, Carlyn.

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