Word: mellons
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Dates: during 1920-1929
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...time, and decidedly the most comprehensive. I do not regard all of his recommendations as altogether sound, and I view some of them as quite fallacious, but they are all clearly and strongly presented. His tax recommendations amount to little more than an endorsement of the plan of Secretary Mellon...
Representative Garner: "There may be something in the rumor that the Secretary of the Treasury, Mr. Mellon, is going to resign, since the President approves the tax bill which differs in most respects from what was advocated by Mr. Mellon, and since we did not carry out Mr. Mellon's recommendations...
Andrew W. Mellon, Secretary of the Treasury, last week proposed. Congress may or may not be disposed to dispose as he proposes. The proposal has to do 1) with the disposal of the property of Germans seized by the U. S. during the War; 2) with reimbursing various U. S. citizens for damages done to them by Germany at War (claims that have been allowed by the U. S.-German Mixed Claims Commission...
...Mellon Proposal. The U. S. Government also has a share of 55,000,000 gold marks of German reparations annually as repayment for the costs of the U. S. Rhine Army. The Treasury proposes to take all the German reparations to the U. S.-totaling 100,000,000 gold marks (about $23,000,000)-and turn them over to trustees. The trustees would issue $250,000,000 of 5% 25-year bonds which the reparation payments would take care of and pay off. The U. S. claimants would be paid off partly in the bonds themselves. The German owners...
Treasury. Secretary Mellon declared that he believed national prosperity is founded on a sound basis and may look hopefully to the future; that the policy of paying off the public debt as rapidly as possible has improved public credit and released funds for investment in business; that in framing tax reduction, personal exemptions should not be raised too high, so that the number of tax payers will be insufficient to furnish necessary revenue in a national emergency. Much of his report contained matter similar to that in the President's budget message...