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Once safely installed in the President's Palace at Bogota, one of Senor Olaya's jobs was to take up what was known as the Barco oil concession, valued at $300,000,000 or more. This concession, con trolled by Gulf Oil Corp. which is largely owned by Secretary Mellon & Family, had been canceled by the Colombian Government in 1926. The State Department in 1928 gently pressed for its restoration...

Author: /time Magazine | Title: THE CABINET: Dollars & Diplomacy | 1/25/1932 | See Source »

...Speaker, I rise to a question of constitutional privilege. On my own responsibility as a Member of this House I impeach Andrew William Mellon, Secretary of the Treasury of the United States, for high crimes and misdemeanors...

Author: /time Magazine | Title: National Affairs: Texan, Texan & Texan | 1/25/1932 | See Source »

...rouser, with a quick twangy tongue, he served four years in the Texas Legislature, five years as a local district attorney. Elected to Congress in 1928, he refused to be suppressed with other obscure newcomers. Insistently he demanded that the Government cash its soldier bonus certificates in full. Secretary Mellon tut-tutted him as a wild young man. But Congressman Patman kept harping away on his issue until he had started a backfire among the veteran vote that was stopped only when Congress, over the President's veto, raised the loan value of bonus certificates to 50%. In that...

Author: /time Magazine | Title: National Affairs: Texan, Texan & Texan | 1/25/1932 | See Source »

...morning last week the House Judiciary Committee assembled to ponder the Patman charges, to see if they warranted action by the whole House. In the spacious mahogany-trimmed committee room was held a field day for Texans. Congressman Patman prosecuted Mr. Mellon; Alexander White Gregg, Texas-born son of a deceased Texas Congressman, defended Mr. Mellon. Congressman Hatton Sumners of Dallas, Judiciary chairman, presided as judge. Notably absent was Mr. Mellon who at that precise moment was appearing down the corridor before the Ways & Means Committee with his plan for tax-upping...

Author: /time Magazine | Title: National Affairs: Texan, Texan & Texan | 1/25/1932 | See Source »

Congressman Patman spent two days trying to make out a prima jade case that Mr. Mellon's services violated a statute of 1789 which provided: No person appointed to the office of Secretary of the Treasury shall directly or indirectly be concerned or interested in carrying on the business of trade or commerce or be owner in whole or in part of any sea vessel...

Author: /time Magazine | Title: National Affairs: Texan, Texan & Texan | 1/25/1932 | See Source »

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