Theodore Roosevelt on Campaign finance

“The need for collecting large campaign funds would vanish if Congress provided an appropriation for the proper and legitimate expenses of each of the great national parties, an appropriation ample enough to meet the necessity for thorough organization and machinery, which requires a large expenditure of money. Then the stipulation should be made that no party receiving campaign funds from the Treasury should accept more than a fixed amount from any individual subscriber or donor; and the necessary publicity for receipts and expenditures could without difficulty be provided.”

“Each nation has its own pet sins to which it is merciful, and also sins which it treats as most abhorrent. In America, we are peculiarly sensitive about big money contributions for which the donors expect any reward. In England, where in some ways the standard is higher than here, such contributions are accepted as a matter of course, nay, as one of the methods by which wealthy men obtain peerages. It would be well-neigh an impossibility for a man to secure a seat in the United States Senate by mere campaign contributions, in the way that seats in the British House of Lords have often been secured without any scandal being caused thereby.”