Word: mellons
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Dates: during 1920-1929
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...Senator Reed Smoot would head that conference as chairman of the Finance Committee, Senator Harrison cried: "Is he obscure? Why, children have lisped the name of Reed Smoot, have read it a million times. . . . Senator Reed of Pennsylvania? He is not obscure. . . He made his reputation by defending Mellon. . . . And that other Republican conferee, the senior Senator from Indiana [Watson, leader of the Republican majority in the Senate]-he is not obscure. He has been in public life or trying to break into it ever since he reached his majority...
Short-term certificates are issued on the quarterly tax-payment days. The present system has these defects, as explained by Secretary Mellon: 1) Money is borrowed in advance of actual needs with a consequent loss of interest; 2) The Treasury must give the certificates, which it sells at par, as low an interest rate as possible, yet high enough to meet momentary conditions of the money market. This involves difficult guesswork...
They were very slow. The rain took no notice and kept pouring down. At length Mr. Mellon, still bent over with trowel poised, said patiently: ''Please hurry, won't you? You know, I'm not laying the whole building...
Going back to his office, Mr. Mellon had still to ponder the problem of who should be appointed as the new chief of the Internal Revenue Bureau. The incumbent, David H. Blair, had resigned. Among candidates for the vacancy were Charles R. Nash of Pennsylvania, Mr. Mellon's State; E. C. Alvord, Mr. Mellon's legislative adviser; Chairman Benjamin...
Littleton of the Board of Tax Appeals. Mr. Mellon knew which of these three he would prefer; but when, at the end of the week, President Hoover made the appointment, no one of the three was chosen. The Kentucky G. O. P. had proposed, and President Hoover accepted, Robert Hendry Lucas of Louisville, for eight years...