Word: mellons
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Dates: during 1920-1929
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...President Coolidge called for his Cabinet and received his Secretaries three: Kellogg, Mellon, Jardine. The other seven members were away stumping for various Republican candidates...
Meanwhile, in St. Louis, Senator James A. Reed smashed into the Administration as vehemently as if he were running for President against a Coolidge-Mellon ticket. Said he with a snarl on his lips that Voltaire would have envied: "The red line of the circumference of the circle of corruption runs across the White House grounds and passes through the heart of the Coolidge Administration...
...hearing that one hundred potent international bankers had signed a manifesto urging European nations to let down their tariff barriers (see p. 14), Secretary of the Treasury Andrew W. Mellon took the U. S. upon his venerable knee last week and told it how it was making both itself and other nations prosperous with its protective tariff...
Shrewd Mr. Mellon's lesson in rudimentary protectionists' economics ran somewhat as follows: "Now, U. S., do you know that you only make up a little over 6% of the world's population, and yet you are so industrious that you consume between 37% and 75% of the world's production of coal, iron, copper, rubber, petroleum and many another commodity? The reason for this phenomenon is simple. Your industries which manufacture competitive products are protected by the tariff. Hence your labor is kept busy, your standard of living is high and you can buy from...
Then, as all good teachers do, Mr. Mellon found a concrete ex- ample-one of his own corporations. He was not afraid of being called a "trust king" when he could...