Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, February 1, 1992 TAG: 9202010239
SECTION: VIRGINIA PAGE: A4 EDITION: NEW RIVER VALLEY
SOURCE: WARREN FISKE STAFF WRITER
DATELINE: RICHMOND LENGTH: Short
WILDER SETTLES BILLS ON DEAD CAMPAIGN
Gov. Douglas Wilder's now-defunct presidential campaign had raised $502,454 by the end of December, shortly before he ended his candidacy on Jan. 8.Wilder, in a year-end report filed Friday with the Federal Election Commission, listed expenses totaling $338,964. His campaign was left with $157,674 in cash at the end of the year and said it had unpaid debts totaling $118,265.
Because the campaign continued to raise and spend money in early January, the report does not represent a final bottom line. Campaign treasurer Mark Warner said he hoped to close out all accounts in time for a Feb. 15 filing with the FEC.
Once all debts are paid, Wilder has said, he hopes to refund any remaining balance on a prorated basis. But Warner said he is not sure whether the campaign will end in up the black.
The report strongly suggests that Wilder was not raising the money needed to credibly campaign for the Democratic nomination. His fund raising paled in comparison to front-running Gov. Bill Clinton of Arkansas, who received $1.6 million in contributions during January alone.
Wilder received contributions ranging from $250 to $1,000 from each of his seven cabinet secretaries in late December. He also accepted a $500 donation from Lee Iacocca, chairman of Chrysler Corp.
The campaign reimbursed the state for $9,236 for flights Wilder took aboard state aircraft and an additional $2,489 for other expenses, but Wilder still owes $40,000 in salary to campaign manager Joseph Johnson and $20,000 to the media consulting firm of Trippi, McMahon and Squier.
Keywords:
POLITICS
Memo: shorter version ran in the Metro edition.