Word: congress
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Dates: during 1920-1929
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...suspicions. To dissipate suspicion, President Hoover, by executive order, last week, lifted the curtain of secrecy from the Treasury's income tax operations, sufficiently to reveal the important details of all tax refunds above $20,000. It was a move long demanded by progressives and Democrats in Congress and as long opposed by Secretary of the Treasury Andrew William Mellon. The White House ordered the new policy; the Treasury obediently executed...
...Congress nevertheless passed the bill containing, in modified form, a refund publicity clause drafted by Tennessee's loquacious Senator McKellar. So soon as Herbert Hoover became President, Senator McKellar attacked the reappointment of Secretary Mellon with a resolution directing the Senate's Judiciary Committee to enquire into Mr. Mellon's fitness-for-office...
...Mellon's next notable act was to issue a statement which, had the Congress been in session, must have raised the roof of the Capitol. Said Mr. Mellon: "This is a good time for the prudent investor to buy bonds. ... It is easier to pick out sound bonds than sound stocks" (see BUSINESS...
...anxiety, if not gloom, was thus cast over the Treasury-in voters' minds. The conservative conclusion could only be: If a deficit threatens, let us not change horses, i.e., political party control, in midstream. The President's announcement was also used as a fiscal hackamore to make Congress stand hitched...
...There will be no leases or disposal of government oil lands . . . except those which may be made mandatory by Congress.* In other words there will be a complete conservation of government oil for this administration...