Senate Select Committee on Presidential Campaign Activities, June 29, 1973 (1/2)
Senate Select Committee on Presidential Campaign Activities, June 29, 1973 (1/2)
] [00.18.44-title screen "SENATE HEARINGS ON CAMPAIGN ACTIVITIES-PBS network ID-title screen] [00.22.09-LEHRER] LEHRER introduces the final hour of DEAN'S testimony, states that Fred THOMPSON has questions about campaign money. [00.22.24-DEAN, checking briefcase for a document pertaining to THOMPSON'S query about DEAN'S finances and use of funds entrusted to him] Mr. DEAN. No, I don't have a copy, I am sorry. Mr. THOMPSON. This is a matter of confusion to me, I believe you indicated yesterday that you had a $26,167 credit. Is that not--the Copy is not, clear. Mr. DEAN. May I say something about these documents? I had a standard practice of not opening these, in fact originally they were not even Sent, to me, they were, sent to my ex-wife's house whore they remained and I would collect them in bulk, unopened and take them to my secretary and she, would just, file them. This Is a margin account we are talking about and I have not a lot, of expertise In the market. The arrangements I had with my broker is that he had a total discretion in all handling of all trading. I would sign at the outset of all, I think periodically he would send me a shoot to sign that he would have total discretion on all trades. I have never been able to fully interpret these, sheets so that is why I hope somebody else can look at them to do the interpretation when I turn all this information over to the committee. [00.24.00] Mr. THOMPSON. Would it be accurate to say that is a debit instead of a credit? Mr. DEAN-. Well, I don't--I think what it indicates to me is that-it is a credit, I am sure there were at least $26,000, in fact I am sure there is more than $26,000 in the account. Mr. THOMPSON. Could it possibly be, that, that was a debit but the value of your stock at that time was such that if you sold your stock you would have a $20-something thousand credit? Mr. DEAN-. Well. I think that if you were to--when your investigators do an entire audit of this entire matter which is of interest to you, that they will find that there were ample, funds including more than $26,000. 1 think this indicates merely one transaction that had occurred in this period of time. Mr. THOMPSON. So you had ample funds there to take care of the honeymoon expenses? Mr. DEAN. That is correct. Mr. THOMPSON. I believe You stated that you placed some, of the, money back at one time and then you took some money out again later? Mr. DEAN. That is correct. Mr. THOMPSON. Again you did not go to your stock account although you had, as you say $20,000 either in stock value or readily available cash whichever that might be. Was this again because you had forgotten to do that or -why didn't you go to the stock account on that occasion? [00.25.35-DEAN answers the question extremely bluntly] Mr. DEAN. It was merely a matter of convenience. I had already made some use of the funds, and I merely decided to make more use of them, [Conferring with counsel.] Mr. THOMPSON. You 'received in what, June of 1972? Mr. DEAN. That is correct. Mr. THOMPSON-. And then you took $4,850 on October 11 of 1972. The remaining what, $10,350, did you ever use any of this money for any other purposes? Mr. DEAN. The other cash that was in there? Mr. THOMPSON. Yes. Mr. DEAN. As I said when I-at one time I recall I put some money back in, and I could have very -well at that time commingled other money that I had. I sometimes did carry cash with me, and I have told the committee I will do my best to go through my entire records and reconstruct this, with the committee investigators. [00.26.37]