Word: mellonized
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Dates: during 1920-1929
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This improvement in French state finances was put forward as good propaganda for a conversion loan in the U. S. On account of her financial instability and the fact that the Mellon-Berenger debt accord was not ratified by the French Parliament, France was obliged to pay 8% on some issues floated in the U. S. Now, pointing proudly to the achievements of a year, M. Poincaré proposes to borrow money at a cheaper rate to pay back the outstanding indebtedness to the U. S., thus saving a considerable amount in interest...
Andrew W. Mellon, Secretary of the Treasury, continued his pleasure cruise on the yacht Venezia. At Venice, Count Giuseppe Volpi, Italian Minister of Finance, suave, Vandyke-bearded, came on board. They-the richest men in politics in two nations-chatted quietly, shunned weighty subjects. Count Volpi made his fortune in trading companies, was once Governor of Tripoli, has (as Minister of Finance) raised the value of the lira and drawn up the Italian Debt Settlements...
...Republican party was genuinely "stunned" but it soon recovered poise. Mark Sullivan, dean of Washington observers, pictured the G. O. P. proper as a body of hard-working politicians like Senators Smoot, Willis and David A. Reed, Secretary Mellon, Vice President Dawes, Frank O. Lowden, Nicholas Longworth ? men among whom Calvin Coolidge is, by temperament and tradition, a virtual stranger. These men, thought Mr. Sullivan, would be sorry to lose so good a vote-getter as Calvin Coolidge but ? personal ambitions quite aside ? they would not seek to nominate him now because that would be "the sort...
...ablest performers suddenly learned that the big solo part might have to be reassigned. While the performers tuned up and decided what to play, their friends bowed to the audience to make preliminary introductions. Henry Ford bowed for Herbert C. Hoover. William Randolph Hearst bowed for Andrew W. Mellon. Frank 0. Lowden rushed home to Illinois from the Thousand Islands and repeated his favorite cryptogram about no man ever running away from the presidency. Vice President Dawes clenched his pipe in a grin and said he would "saw wood...
Ever since the Department of the Treasury, under Secretary Andrew W. Mellon, announced that the fiscal year of 1926-27 showed a federal surplus of some $635,000,000 (TIME, July 11), those high in the ranks of the Democratic and Republican parties have quarreled over the manner in which the melon should be cut. All agree that the record surplus will result in tax reduction, but differences arise over the amount of the tax cut and over the glory of presenting it to the U. S. nation. Considering the fact that a Republican Administration governs the country, it might...