Word: mellons
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Dates: during 1930-1939
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Aluminum Co. of America has been damned as a monopoly, double-damned as a Mellon monopoly. It has been accused of attempting to buy up the world's supply of bauxite, of cornering the supply of scrap aluminum, of conspiring to fix the world price of aluminum. Latest and most vociferous of Aluminum's accusers is Baush Machine Tool Co., independent aluminum fabricator of Springfield, Mass. Baush lost a $9,000,000 damage suit against Aluminum in a New Haven court in 1933. Last year a U. S. Court of Appeals granted a new trial which was concluded...
Died, Henry Clay McEldowney, 66, president of Pittsburgh's Union Trust Co. (Mellon bank), friend and associate of Andrew William Mellon and the late Henry Clay Frick; of a heart attack; in Atlantic City, N. J. His 1932-33 salary of $165,000 was the highest paid any U. S. banker (TIME, March...
...week's end the Government finished cross-examining Secretary Johnson, turned him back to counsel for Mellon. For two and one-half hours, face flushed and eyes snapping, Lawyer Hogan peppered the Government's charges and innuendoes with crackling sarcasm and Irish wit. But when the fireworks were over the only memorable fact to stand revealed was that in 1931 Andrew Mellon was worth some...
Smalltowner. For Robert Houghwout Jackson, 43, the Mellon hearings meant a maiden appearance in the national spotlight. He appeared to dislike it. Only last year his boyhood friend, Secretary of the Treasury Morgenthau, plucked him from a prosperous but relatively obscure private & corporation practice in small Jamestown, N. Y. to be general counsel of the Bureau of Internal Revenue. Shy, husky, genial, he likes to dance, ride over his farm near Jamestown, boat on Lake Chautauqua. To newshawks he protests: "I've never done anything. I'm just a country lawyer." But after two weeks of curt, pointed...
...Assistant Secretary of Commerce William P. MacCracken out of jail for contempt of the Senate contributed largely to the fact that MacCracken last week went to jail* (see p. 14). Lawyer Hogan has probably the largest non-lobbying law firm in Washington to maintain. Though he has represented Mr. Mellon on previous occasions, he was no doubt deeply grateful to the Government last week for putting him in the way of what should be his fattest fee in years...