The Battalion. (College Station, Tex.) 1893-current, April 18, 1997, Image 6
~WWT T The Battalion v ASHINGTON Pa? Friday • April 18, Gingrich to pay ethics penalty with loan from Dot WASHINGTON (AP) — In a startling bid to close the books on his ethics case, Speak er Newt Gingrich announced Thursday he would borrow $300,000 from retired Senate Majority Leader Bob Dole to pay a sanction imposed for violation of House rules. Gingrich told a rapt audience in the House chamber he had a “moral obligation” to make the payment himself. Anything else, includ ing establishment of a legal defense fund, he said, “would simply be seen as one more politician shirking his duty and one more ex ample of failing to do the right thing.” With his wife, Marianne, looking down from her seat in the visitors’ gallery, Gin grich took responsibility for his case, and said, “To the degree I have made mistakes, they have been errors of implementation but never of intent.” Documents released by the speaker’s of fice said the loan was for a term of eight years, with simple interest at an annual rate of 10 percent. J. Ran dolph Evans, Gingrich’s attorney, said no pay ment is required until the loan is due in 2005. Gingrich, no longer eli gible to be speaker by then, could well be out of Congress and able to earn substantial money as a private citizen. House Democratic Leader Dick Gephardt of Missouri released a statement ^ HI! saying the “unusual loan arrangement” should be reviewed by the ethics commit tee — a process that Gingrich’s office said was already under way. Several other Democrats were far more critical, noting that Dole now works for a law firm that lobbies for a long list of cor porate clients. Gingrich Officials said Dole, the losing GOP candi date in last fall’s presidential campaign fered to lend the money to Gingrich three weeks ago. The two men— who became political partners over course of two decades—signed the loir persfuesday evening. “I wanted to help the Republican and to help Newt Gingrich get this him ... and move ahead with the Rq agenda,” Dole told reporters. He money would come from his own sar SPRING SALE! Celebrate the savings at our big Spring Sale April 18-20 and receive a free laundry duffle bag! 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