Word: mellons
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Hoadly for suppressing riots in Cincinnati. Affable, liberal, he is considered by some Pittsburghers as their city's leading citizen, Andrew William Mellon notwithstanding. His endorsement went into no ecstasy, but stated: "The great success of your experiment demonstrates the wisdom of this union between business and science." His report, as was that of General McRoberts, was not based on his own observation of the process, but the reports of unnamed "distinguished...
Hard times reacted last week to the peculiar benefit of the Treasury Departmen and thereby to the indirect benefit of every U. S. citizen. It was possible for Secretary Mellon to execute a major refunding maneuver with exceptional profit. He offered for public subscription a $325,000,000 issue of one-year Treasury certificates. Because of "easy money" resulting from the plenitude of investment capital, he set the interest rate at 2⅜ %-a record low. In June 1929, he had had to pay as high as 5⅛% for his public borrowings. The previous record low rate...
Secretary Mellon was no man to rest on these fiscal laurels. Interest on the public debt is a major item of Federal expense. To reduce that interest, to get the cheapest loans possible is the eternal duty of a vigilant Treasury Secretary. Therefore last week Secretary Mellon announced that his department would on March 15, recall $1,149,380,050 in Government obligations which normally would not mature for a year or more. The Treasury is now paying 3½% interest on these notes. Every banker knew that Secretary Mellon had recalled these issues with the expectation of refunding them...
...dark thought: Secretary Mellon apparently does not anticipate any such sudden upturn of U. S. business in the next six months as would reproduce the "tight money" situation and a marked increase in the rate of interest the Treasury must pay for cash...
...dinner, and a long wait through the dancing. At the parties, and in the garish, robins-egg blue grandstand at the games, was a mingling of many worlds, the great business world and the somewhat different, sporting-society world, with a touch of court and politics. Andrew Mellon and Harold S. Vanderbilt, British Ambassador Sir Ronald Lindsay, the Stokes, Astors, Burdens, Hitchcocks and Long Islanders, with a rag tag of art and literature plus Betty Nuthall and Rudy Vallée-and at the root of it a fact: the U. S. polo team won the first match...