Word: mellons
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Charles Gates Dawes Chauncey M. Depew-Frederick H. Gillett Warren G. Harding-Roy Asa Haynes Will H. Hays Myron T. Herrick Herbert Hoover Alanson B. Houghton Charles Evans Hughes Frank B. Kellogg Robert M. La Follette-Henry Cabot Lodge-Nicholas Longworth Frank O. Lowden Ruth Hanna McCormick Andrew W. Mellon Dwight Whitney Morrow Harry S. New Hiram Johnson Gifford Pinchot Elihu Root William Howard Taft Andrew Volstead James W. Wadsworth Charles B. Warren John W. Weeks-William Allen White Leonard Wood...
...Government, like any other business concern, bows to the money market. But the Government, more than any other moneyed concern - especially since the Federal Reserve System began affecting the stock market - helps make the money market. Hence the interest of economists and the perturbation of speculators when Secretary Mellon last week made the Government's usual June bond offering to carry the highest interest rates since 1924. The offering was $400,000,000 worth of certificates at 4% for six months, 3⅞% for nine months...
...Mellon was an attack in The United States Banker by Senator Carter Glass, who helped install the Federal Reserve System, upon the recent practice of that System, which Secretary Mellon is popularly (but inaccurately) supposed to manipulate. Senator Glass observed that Federal Reserve loans for speculative purposes had risen from some $800,000,000 in 1921 to some $5,000,000,000 in 1928. This was apparently so, though really the Federal Reserve Banks did not loan that sum directly to speculators, nor all of it. Member banks did the loaning. Much of the money belonged to their depositors...
...with some $5,000,000,000 out bolstering stock market prices and with tension increasing, and with the Federal Reserve rate jacked up to 4½% all over the country to try and decelerate this movement-the money market of the U. S. was momentarily "high" and Secretary Mellon was obliged to offer, tax-exemption and all, the highest rate*he has paid in four years on short-term borrowings. Money men noted, also, that he made no specific reference to the terms that will be offered for financing the remaining $1,328,881,750 Third Liberty Loan Bonds which...
Blyth, Witter Mellon National...