Word: mellone
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Dates: during 1930-1939
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London 26 Rome 18 Leningrad 11 (Minus one sold to Paris 19 A. W. Mellon) Berlin 11 New York 8 Philadelphia...
...days later Counsel Jackson once more caught the Pittsburgh multimillionaire clearly off base. In 1931 Mr. Mellon sold 123,622 shares of Pittsburgh Coal Co. stock to his Union Trust Co. for $500,000, claiming a $5,600,000 loss for income tax purposes, after which the shares were purchased by a Mellon family folding company. Last week Mr. Mellon declared that he had wanted to unload the stock for years but could find no takers. Tightlipped, menacing, Counsel Jackson advanced on the witness. "You don't mean to say," barked he, "that you had no opportunity to sell...
...replied Mr. Mellon, "that is right...
...sure of that?" "I haven't any doubt about it." Counsel Jackson whirled, whipped from a stack of papers a deposition made by Mr. Mellon in a trial in 1934. in it he had testified that he had three times refused Frank E. Taplin's offer of $10,000,000 for 100,000 shares of Pittsburgh Coal. The first offer was made on June...
Near the end of his week on the stand, Mr. Mellon learned that the New Deal had fresh troubles in store for him. The Bureau of Internal Revenue ruled that he would have to prove that his A. W. Mellon Educational & Charitable Trust is a bona fide philanthropic organization and not a tax-dodging scheme. Thus most of the $19,000,000 worth of paintings which he has set aside in the Trust for a proposed national art gallery in Washington may be subject to a huge gift tax or a 55% inheritance tax on Mr. Mellon's death...