Paul Powell

Paul Taylor Powell (January 21, 1902 – October 10, 1970) was an American Democratic politician from Illinois, and Illinois Secretary of State from 1965 until his death in 1970, after which he was discovered to have been corrupt and became known for his saying "There's only one thing worse than a defeated politician, and that's a broke one."

Political career

Involved in Illinois politics since the late 1930s, Powell was the Speaker of the Illinois House of Representatives from 1949 to 1950, and again from 1959 to 1963. In 1959, Powell, a Democrat, was elected Speaker by a bipartisan coalition of Republicans and downstate Democrats against Joseph De La Cour, the candidate of Richard J. Daley who had majority backing within the Chicago-dominated Democratic caucus.

Powell was elected Illinois Secretary of State in 1964. The following year, he was investigated by a grand jury for pushing legislation favorable to a horse racing company that he obtained stock in, but nothing came of it.

Death, scandal and shoeboxes Powell died on October 10, 1970, in Rochester, Minnesota, as an outpatient of the Mayo Clinic.

Although Powell's government salary was never more than $30,000 a year, shoeboxes, briefcases and strongboxes with over $750,000 in cash were found in his hotel suite residence at the St. Nicholas Hotel in Springfield, Illinois within days of his death. When settled in 1978 his estate was worth $4.6 million, of which $1 million was stock in seven Illinois racetracks A federal investigation determined that Powell had acquired much of his wealth through illegal cash bribes, which he received for giving noncompetitive state contracts to political associates. The State of Illinois received a $222,999 settlement from his estate; in addition, several state contractors were imprisoned for their roles in the affair.