Word: mellons
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Dates: during 1920-1929
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...Senate last week turned itself to the consideration of the Aluminum Co. of America and the Secretary of the Treasury. Led by Senator Walsh of Montana, the Democrats were making an onslaught on Secretary Mellon. There was a report of the Judiciary Committee before the House condemning the Attorney General for lax investigation of the company. There was also a resolution proposed by Senator Robinson of Arkansas, the Democratic leader, to authorize the President to appoint special counsel to present evidence before a grand jury with a view to obtaining indictments against the company...
...Committee report came up before the resolution. There were bitter controversies over the question whether Andrew W. Mellon and his brother R. B. Mellon control the Aluminum...
...fact is, and I make this statement after recent investigation and I make it with full confidence of its accuracy, that Mr. Mellon owns less than 16 1/2% of the stock of the Aluminum Co. of America. He owns less than 16 1/2% of the voting stock and less than 16 1/2% of the preferred stock, which is nonvoting, so I am not quibbling about the distinction between voting and non-voting stock. His brother, Mr. Richard Mellon, owns a similar amount, and the two of them together own less than 33% of the stock in the company...
...question of whether the Aluminum Co. of America is a monopoly and whether it has engaged in illegal practices, last week brought forth action on three fronts. The reason the case has prominence and attracts attention is of course that Andrew W. Mellon is a large stockholder in the company and was formerly a director...
James J. Davis, Secretary of Labor, was frequently mentioned last week in Washington as a candidate for the governorship of Pennsylvania to succeed Gifford Pinchot. The Pennsylvania Senators, (Pepper and Reed) and Secretary of the Treasury Mellon are understood to be supporting him. Mrs. Mary Key McBlair, a retired Government clerk, 72 years of age, lives in Washington. She has a pension of $20, a month because of Government service. Last week Representative E. Hart Fenn of Connecticut introduced a bill to give her a pension of $1,200 a year, saying that she is in destitute circumstances. Mrs. McBlair...