Word: mellons
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Dates: during 1920-1929
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...defeated for the Utah Assembly in 1916. Later he remarked: "That's good. A victory would have changed my whole life and made me a politician." In the Army during the War he served as a captain, afterwards joining the Treasury's War Loan staff. Secretary Mellon sent him to Berlin as a Customs Agent to spot smugglers, to prepare highly complex valuation lists. In 1924 he was back in the U. S. serving as Secretary Mellon's personal representative before the Senate Finance Committee during the framing of the tax reduction bill of that year...
...labor. Average span of life of old-sized bill: eight months. The Treasury's expectation for the new bill: twelve months or more. Cost of producing each bill 7/10?. Time of production: 30 days. The first set of new bills went to Secretary Mellon. To the Clerk of the House of Representatives were sent 435 new $1 bills, one for each Congressman (in exchange...
Having shunned the issue for three years, the Deputies were faced last week with ratifying the Mellon-Berenger Debt Agreement (TIME, July 8). No other course was open to them. They had either to ratify the agreement or pay a separate War supplies account of 400 millions...
...immovably insisted that Europe's debts to the U. S. and Germany's reparations to Europe must be kept separate. He wanted the reservation, if made at all, to be in the form of a separate announcement, noted and communicated to the U. S. apart from the Mellon-Berenger plan. The Opposition was immovable, clung to its reservation. Inflated with temporary success they waited a chance for a test of strength. With Latin complexity, a crisis was built up which had nothing to do with the merits of the reservation, very little to do with the debt...
...Persistent through denials was the rumor that Cyrus S. Eaton, Cleveland steelman and banker, had purchased working control of United Light & Power Co., midwestern utility with $500,000,000 assets and 1928 gross earnings of $89,000,000. The report was that the Eaton purchase was from the Koppers-Mellon interests. Reports also mentioned the Insull, Bonbright and North American Power & Light interests as United Light & Power purchasers. Cyrus Eaton is called "rich as Mellon" by Clevelanders. Whenever anything really big seems to be stirring in Northern Ohio, rumors mention his name. Last week's Eaton utility rumor stirred...