Word: mellons
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
Chairs were pulled close to the table. The President talked. Secretary Mellon talked. Governor Young talked. Undersecretary Mills read figures from papers. Thirty minutes later the four men arose with one thing definitely settled: There should be immediate tax reduction...
President Hoover returned to his private office, picked up his telephone to inquire about his good friend Secretary of War Good, then on his way to the operating room at Walter Reed Hospital. The three visitors returned to the Treasury by the back way. That evening Secretary Mellon announced the President's plan to lop 1% from 1929 income and corporation taxes...
...last week's stockmarket plunked to the bottom President Hoover let his Secretary of the Treasury, Andrew William Mellon, make an announcement which the President had been saving up as the Big-News-Item for his own first message to Congress next month, an announcement of immediate tax reduction...
Quickly the stockmarket bounded up somewhat from its depths. As if surprised at this reaction, Secretary Mellon feebly protested that his new tax program had not been proclaimed to boost drooping security values. He explained that, long in the making, the reduction was offered as a demonstration of the Government's confidence in the stability and future prosperity of U. S. business and industry. But so inescapable was the circumstantial connection between the market and tax news that few would believe the Secretary's official protestations. On all sides the new program was joyfully accepted as President Hoover's reply...
...atmosphere of a mystery-melodrama was the tax announcement framed. First President Hoover held an early morning White House conference with Secretary Mellon, Undersecretary of the Treasury Ogden Livingston Mills, Governor Roy Archibald Young of the Federal Reserve Board. So early in the morning was it and so unprepared were newsmen for such a development that Governor Young, unrecognized, entered and left the White House without being caught and catechized...