Friday, July 14, 1972 THE MICHIGAN DAILY Page Seven Friday, July 14, 1972 THE MICHIGAN DAILY Page Seven §ary GDibble HAS BARGAINS! 5 . 20%-030 OFF on ALL Summer Stock (3+~ Big this Saturday in the Basement, also ANN ARBOR- 1121 S. University RELUCTANT SWITCH: McGovern changes campaign strategy, asks rich for loans MIAMI BEACH, Fla. (P) - McGovern forces are asking wealthy individuals for $4.5 million in loans this week, kick- -ng off a fund-raising strategy partly styled after Republican methods that have brought mil- lions from the rich to President Nixon's campaigns. A private meeting of select fund raisers for Sen. George McGovern (D-S.D.) was told the financial goal for the fall elec- tion campaign is $36.5 million, with $15 million of that to come from large donors. This is an apparently reluc- tant switch for the populist Mc- Govern, who raised more than 80 per cent of his pre-Democra- tic Convention funds from small donations solicited by direct mail. The loan fund is to cover heavy immediate expenses in voter registration and advance telephone deposits, McGovern's chief money men told the meet- ing which was held hours be- fore the national convention began. "We need $4 million to $5.5 million seed money to register new voters," Miles Rubin told the money raisers. Rubin is a New York lawyer who will head t h e special-gifts campaign, which seeks donations of $5,000 and up. Said Rubin of voter registra- tion: "If there was to be one effort alone in the campaign, Are you ,New to the 'U'? THEN YOU ARE PROBABLY NEW TO SO HERE ARE SOME FACTS ABOUT THIS * The Daily is run by students " The Daily is published 5 days a week in summer, 6 in the fall. * Circulation is around 4000 in summer, 9000 in fall " The Daily is editorially independent of the University administration. * The Daily is financially independent of the University administration; it is entirely supported by advertising and paid subscriptions. * The Daily is printed by the letterpress method. Typesetting equipment and printing press are on the first floor of the Student Publications Building. " The Daily has the latest news deadline in the state. (2 a.m.) " The Daily is a member of the Associated Press. You may think the above is designed to sell you a subscription. Well, we wouldn't refuse to take your money, but that's not the main idea. We want you. The Daily needs students to make it work There are no requirements as to field of study; you need not be majoring in journalism or business or art or anything in particular. If you have any spare time and w o u Id like some non-classroom practical experience (which is hard to find at the 'U') please come over and see us. If you like to write, you can write. If you don't like to write, you can be invaluable to the business staff. You can learn a lot of nifty things about newspapers, about the 'U', about Ann Arbor. You can meet people. The pay is lousy, but the people are fun. WE ARE AT 420 MAYNARD (next to SAB) upstairs in the City Room 764-0560 Er that would be it." He said also that telephone service deposits of up to $1.25 million would be required, $425,- 000 in California alone. Robin and Henry Kimelman, a Virgin Islands importer who is McGovern's finance chair- man and second highest contri- butor to date, confided to the meeting they were patterning their special gifts campaign after their opposition. "We want to do ,what Mau- rice Stans has done for the Re- publicans," Rubin said, refer- ring to the President's chief money man and former secre- tary of commerce who raised $20 million for Nixon in 108, Criticisms of large donations has mounted in recent months with growing public awareness of how political campaigns are financed. Said Rubin: " "Sen. McGov- ern now realizes the vital need to move into the special-gifts area. He didn't fully realize it until a week ago when Morris and Henry talked with him and explained the full costs of a national campaign." Morris is Morris Dees, a Montgomery, Ala., attorney who devised a successful direct- mail campaign that raised $4 million for McGovern's primary election races. The direct-mail and tele- vision-appeal goal for the gen- eral election is $10 millon, sec- ond only in amount to the spe- cial-gifts category. The other components of the $36.5-million budget are $5 mil- lion from special events such as concerts; $4 million from na- tional and state committees and dinners; $1 million from a spe- cial young people's effort; $1 million0from industry and $500,- 000 from merchandising such items as T-shirts. The Republicans already have banked $10 million, collected from contributors whom they will not identify publicly, while the Democratic party is still about $6 million in debt from its 1968 presidential campaign. The problem of McGovern's relations with the financial community, as centered on Wall Street, has been a thorny one for the candidate and his advisers since he moved into the front-running place in the primaries. At one point a group of weal- thy supporters, many of them active in business, took a full- page advertisement in the Wall Street Journal to reassure the business community about the candidate's attitude toward it. However, many were not re- assured and the stock market has fallen to new lows on suc- cessive days as McGovern ad- vanced even closer to his goal. FRIDAY & SATURDAY Afred Hitchcock'S Foreign Correspondent Suspense, mystery and quiet horror as only Hitchcock can present it. His first American made film 1940) " Next Fri. & Sot. HOWARD HAWKES' BRINGING UP BABY Starring catherine Hepburn and&cary Grant 7 & 9:05 p.m. 75c 0 A&D AUDITORIUM (on Monroe between Haven and Tappan)