Word: mellonized
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Dates: during 1920-1929
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Owners of U. S. Liberty Bonds last week rummaged through their securities, counted their Second Liberty Loan 4% and Second Liberty Loan converted 4% holdings. Secretary of the Treasury Andrew W. Mellon had announced that these two issues would be paid between Oct. 15 and Nov. 15. No interest will be paid after Nov. 15. He added that holders probably would be given an opportunity to exchange these bonds for other government securities...
Secretary of the Treasury Mellon, in deciding to discharge both General Andrews, assistant secretary in charge of prohibition, and Major Haynes, "acting" commissioner of prohibition, has adopted the logical way out of the trouble caused by the continual disagreement of these men. There was an impasse predicted when General Andrews was first removed to a less active position, in favour of an official actively- supported by the AntiSaloom League. Only when he issues his statement of the situation during his two years in office will some light be thrown on the processes which underlie the great task of enforcement...
...Secretaries Kellogg, Wilbur, Mellon, Work; Speaker Longworth; Congressmen Snell, Treadway; Senators Borah, Curtis; C. Bascom Slemp, onetime Secretary to President Coolidge...
Writing last March (TiME, March 28) to John Grier Hibben, President of Princeton, Andrew W. Mellon, U. S. Secretary of the Treasury, said, according to the published, uncontradicted version of his letter: "All our principal debtors are already receiving from Germany more than enough to pay their debts to the United States. . . ." Last week Mr. Mellon said he had written: "All our principal debtors except Great Britain are already, etc." The words "except Great Britain" had somehow been "inadvertently omitted...
When the Rt. Hon. Winston Churchill, British Chancellor of the Exchequer, read the mutilated but widespread copy of the Mellon letter he became vexed. In the Balfour note of 1922, Great Britain had stated her policy of collecting from her War allies and Germany only enough of the money they owed her to meet her own debt payments to the U. S. If the Mellon letter was true, Britain was not living up to the Balfour note in collecting money from her War allies when collections from Germany were enough to meet her obligations...