Word: mellonized
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Dates: during 1920-1929
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...Secretary of the Treasury was last week "resting, just resting" at Dinard, on the French coast. But he had a visitor, S. Parker Gilbert, Agent-General for Reparations. And after seeing Mr. Mellon, Agent Gilbert went to Paris, called on Premier Poincaré of France. They talked, it was reported, about the long unratified Mellon-Berenger debt-settlement agreement'. Through Agent Gilbert, Mr. Mellon explained that he wished this matter could be settled before the Mellon term at the Treasury is over; that the U. S. Senate cannot very well ratify until it has some notion that the French...
...billion dollars was represented by four men, who sailed lightheartedly on the Majestic, intent on grouse-shooting, yachting, sightseeing in the British Isles, Normandy. The four: John Pierpont Morgan; Morgan Partner Charles Steele; Andrew William Mellon; William Larimer Mellon...
...Secretary of the Treasury, particularly, "the greatest Secretary of the Treasury since Alexander Hamilton, cannot afford to indulge in wishful thinking. Financiers were inclined, last week, to be instructed, rather than startled by what financial writers called Secretary Mellon's "bold" plan for refinancing the Third Liberty Loan which matures in September. With the money market hitting its highest since 1920 Secretary Mellon offered to exchange 3⅛% bonds for the 4¼% Third Liberty Bonds, which mature in September. He gave the new bonds a life of 12 to 15 years. Like most Government securities, they were only...
...retirement plan for the Third Liberties was consistent with Secretary Mellon's retirement of Second Liberties last year. In June, 1927, about one-sixth of the 4¼% Second Liberties, then outstanding, were retired by an issue of 16-to-20 year bonds, bearing only 3⅛%. This year's offer was to retire at 3⅛% as many 4¼% Third Liberties as people cared to bring in for exchange, and besides to sell for cash $250,000,000 worth of the 3⅛% bonds, or about one-fifth the amount of Third Liberties outstanding...
Pittsburgh Bratianu (Andrew W. Mellon...