House Minority Leader Dick Gephardt's former vacation home made
its farewell appearance on his personal financial disclosure
statements released Friday, along with those of the rest of the
members of Congress.
Gephardt, D-St. Louis County, sold his half interest in the
North Carolina beachfront home to his partners, realizing a gain of
$50,000-$100,000, according to the statement, which requires only
the disclosure of ranges of assets. In September, aides said
Gephardt had made about $47,000 on the sale.
The home was the subject of an ethics complaint filed last year
against Gephardt, who charged that it was retaliation for ethics
complaints filed against House Speaker Newt Gingrich, R-Ga. The
House ethics committee dismissed the Gephardt complaint, while
suggesting that he be more diligent about reporting requirements.
Although some Republicans made much of Gephardt's fancy
beachfront home, the disclosure report shows he is one of the least
wealthy members of Congress from Missouri. The house was Gephardt's
main asset last year; aides said he sold it to help pay for his
children's college tuition.mt$
The Missourian whose financial lot appeared to improve the most
was Rep. Kenny Hulshof, R-Columbia, who was elected in November.
Hulshof reported earnings last year of just over $32,000 from his
work as a lawyer. As a member of the House, he's now earning
The disclosure report filed by Sen. Carol Moseley-Braun,
D-Ill., included a letter from the Senate Ethics Committee granting
her a waiver from the Senate's gift ban for a cooperative apartment
in Chicago she co-owned with her ex-fiance, Ksogie Matthews, who
was making the monthly mortgage payments.
Mike Briggs, a spokesman for Moseley-Braun, said the apartment
was sold in April for about $525,000 and that Matthews will get
$100,000 from the sale.
Here are highlights of 1996 personal financial disclosure forms
for senators from Missouri and Illinois and House members from
eastern Missouri and southern Illinois. Items are only required to
be listed in financial ranges.
Sen. Christopher Bond
Earned Income: $133,600.
Honoraria, all donated to charity: $8,000.
Major assets: Retirement pension account, $100,001-$250,000;
various money market accounts, annuities and IRAs, each
Major sources of unearned income: Parents' trust fund,
$15,001-$50,000; money market account, $2,501-$5,000.
Major liabilities: Home equity loan, $100,001-$250,000;
guarantee on business loan, $15,001-$50,000.
Narrative: Bond made several stock, bond and money market
investments in 1996, including a March 26 purchase of a Keogh plan
worth $50,001-$100,000. He listed one all-expense-paid trip to
Malaysia on Jan. 5-12 courtesy of the Asia Pacific Policy Center on
a trip to promote foreign trade.cefp
Sen. John Ashcroft
Earned Income: $133,600.
Honoraria, all donated to charity: $1,500.
Major assets: Farm property in Willard, Mo., worth
$250,001-$500,000; a Delaware-based bank account worth
$100,001-$500,000; undeveloped land in Grand County, Colo.,
$50,001-$100,000 (sold for $15,001-$50,000 in March); 17 mutual
funds and investment funds, none valued at more than $100,000;
stocks in 11 companies, including AT&T and U.S. West, worth
$1,001-$15,000; investments in commercial realty and cable
television companies, $1,001-$15,000 each.
Major sources of unearned income: Royalties from legal
textbooks, $65,261; Bank account interest, $5,001-$15,000; interest
from retirement fund, $5,001-$15,000; rent from farm property,
$1,001-$2,500; dividends, interest and other investment gains, none
more than $5,000.
Major liabilities: None.
Narrative: Ashcroft received $1,000 from Coral Ridge Ministries
for a March 2 speech in Fort Lauderdale, Fla., and five days later
got $500 from the California Governor's Prayer Breakfast for a
speech in Sacramento. All of the money was donated to charity.