Word: mellons
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Dates: during 1920-1929
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...been his wont, Secretary Mellon, reporting to Congress on Federal finances for another fiscal year (1928, ended June 30), reviewed the progress of private business and finance in the U. S. during the same period...
...Mellon noted a decline of 3% in the physical volume of all business transacted but an increase of 7.7% in dollar-volume. The Hoover report had showed that just the opposite was true of the country's foreign trade, taken separately. U. S. exports & imports increased in physical volume, decreased in dollar-volume...
...financial world, the outstanding 1928 developments reviewed by Mr. Mellon were 1) the movement of 500 millions in gold out of the U. S.;* 2) the consequent extension of credit by the Federal Reserve system; 3) the increase of speculation by "powerful groups" and the general public, which "believed and acted as if the price of securities would indefinitely advance"; 4) the reversal of Federal Reserve policy, sending money rates aloft...
...official domain, Secretary Mellon reported that the public debt had been cut by $905,883,703 in fiscal 1928. The movement of gold from the U. S. was reflected in a decline of 108.8 millions in the Treasury's bullion & coin, and a decrease of 324.3 millions in the bullion & coin held by the Treasury for the Federal Reserve Board...
...Stevens had previously designed E. H. Button's Hussar, Mortimer L. Schiffs Dolphin, W. L. Mellon's Vaga-bondia, and Vincent Astor's Nourmahal (with Architect Ferris...