Jackson Stephens switches money from Clinton to Dole

Excerpt from:
"Razorback Money Drops Clinton, Backs Bob Dole"
by Micah Morrison
WALL STREET JOURNAL
February 15, 1996

This time around, though, the favorite of big Arkansas business does 
appear to be Mr. (Robert) Dole.  In addition to Tyson and Stephens,
Arkansas heavyweights Riceland Foods and Alltell Corp. have contributed
to the Dole campaign.

<snip>

Stephens Inc.'s relationship with Sen. Dole is much more complex and
intriguing.  The longtime head of the world-wide investment firm,
Jackson Stephens, is an old friend and political ally.  Mr. Stephens and 
the Doles have apartments at the exclusive Sea View Hotel in Bal Harbour,
Fla.  So does top Dole supporter Archer-Daniels-Midland chairman
Dwayne Andreas.

<snip>

Stephens Inc. also employs a controversial figure in the world of the
Doles, David Owen.  Mr. Owen, a former banker and lieutenant governor
of Kansas, was a top Dole aide and financial advisor until he was
ousted from Mr. Dole's 1988 presidential campaign amid reports that 
he mismanaged a blind trust for Elizabeth Dole and violated campaign
finance laws.  Mr. Owen went to jail for seven months in 1884 on an
unrelated tax-evasion charge and last year paid the FEC $13,000 in
fines on the campaign-finance violations.

Mr. Owen has been a Stephens employee in Kansas for "a long time,"
Warren Stephens says.  "My recollection is we first met him in some 
connection with Dole."  Currently, however, Mr. Owen seems to be an 
enemy of Mr. Dole; he recently told the NEW YORKER that he'd been
"made a scaoegoat for Dole" -- "He betrayed me."

What Mr. Dole's enemy is doing working for Jack Stephens, one of Mr.
Dole's friends, is one of those happenstances that fascinate observers
of the enigmatic chairman of Stephens Inc.  As readers of this newspaper
know, Mr. Stephens's range of acquaintances runs the gamut from the
corrupt bankers of BCCI to virtually every modern American president.
He was, for example, an Annapolis classmate of Jimmy Carter.