Word: mellons
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Dates: during 1920-1929
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...career of his own. Personal interest was doubtless mixed with professional curiosity when Grandson Lodge pressed his inquiry and found 1) that the Department of State had not been consulted prior to the issuance of Assistant Secretary Lowman's order, 2) that Secretary of the Treasury Andrew W. Mellon had not reviewed the order, as perfunctorily stated in it, and 3) that Department of State officials were "surprised" by Mr. Lowman's order and "astounded" by his alleged "reciprocity" statement...
Next day brought suppressed fireworks. Secretary Mellon, of course, endorsed his subordinate's order and firmly pronounced it a matter in which the Department of the Treasury had no discretionary power. But this endorsement did not come until after Mr. Mellon had summoned Mr. Lowman to his office first thing in the morning and asked him about the "reciprocity" statement. Mr. Lowman announced that he had never made so stupid a mistake and said he would never presume to enunciate a Government policy. So, while the Department of State fumed with embarrassment and Frenchmen scowled in perplexity, the matter...
...Second Liberty Loan bonds? They bear 4½% interest, but they will cease to bear any interest at all after Nov. 15. Last week, for the second time within a month, Secretary of the Treasury Andrew W. Mellon reminded Second Liberty Loan bondholders of this fact; also of the fact that Oct. 1 is the last day on which Second Liberty Loan bonds can be exchanged for the Treasury notes issued to retire them, Series...
...Hughes. After a week in Washington, President Coolidge had apparently convinced others of "those that know him" that only a now invisible emergency would make him contemplate candidacy. Secretary Andrew W. Mellon, for example, went on record as being quite convinced. Despatches from Pittsburgh said that W. L. Mellon, the Secretary's nephew and Republican State Chairman of Pennsylvania, had revealed a boom, with the Secretary at its centre, for Charles Evans Hughes, with whom Secretary Mellon lately crossed the Atlantic. Both the Messrs. Mellon quickly denied that there was any Mellonized boom for anyone at this juncture...
...Reserve Board. One of the few Harding appointees reappointed by President Coolidge, he was the last important member of the so-called "Ohio Gang"† and the last member, important, or unimportant, of the "Chain Gang" or the "Stunners" left in Washington. He explained to President Coolidge and Secretary Mellon that his resignation was in no way influenced by the controversy which the Federal Reserve Board had lately with its Chicago member bank, when Mr. Crissinger was charged with domineering because he cast a deciding vote to make the Chicago bank lower its rediscount rate against its will (TIME, Sept...