Word: mellons
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Dates: during 1930-1939
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Fortnight ago began the Board of Tax Appeals hearings on: 1) the Government's claim for $3,075,103 in back taxes and penalties, based on a charge that Mr. Mellon had deliberately cheated in his 1931 income tax return; 2) Mr. Mellon's counterclaim for a $139,045 refund on that return, based on an assertion that he had not reported all his philanthropies. Last week spry Counsel Hogan's chief job was to tackle government counsel as it attempted to dart out of bounds on what looked like purely grandstand plays. Once the Government...
...first week, the Government spent most of last week plodding through the maze of Andrew Mellon's security portfolios, brokerage accounts, private ledgers, holding companies, in an effort to prove that by juggling his securities among them he had fraudulently established the losses which he claimed in his 1931 tax return (TIME, March 4). All facts & figures came from Mr. Mellon's longtime private secretary, Howard M. Johnson, a frail, grey little man seated pale and trembling behind a stack of ledgers and account books. In the handsome, high-ceilinged courtroom, with only a scattering of typical courtroom...
...sorry," said Mr. Mellon...
Frequently mentioned in the testimony as nominal directors of the Mellon holding companies were Son Paul Mellon, 27, last week honeymooning in Europe, and Daughter Ailsa Mellon Bruce, thirtyish, last week shuttling between Pittsburgh & New York. In one of the after-session, off-the-record receptions which Mr. Mellon and his handsome son-in-law David K. E. Bruce held almost every day for newshawks, the frosty old financier tried to warm up by explaining that Daughter Ailsa had named her personal holding company Ascalot "because people ask a lot." Then, as the newshawks tittered, he added gravely: "That...
Ahead of Mr. Mellon, who is so painfully shy that his low quavering voice fades even in private conversation, lay a dreadful ordeal-his own appearance on the witness stand. Secretary Johnson had testified that he himself prepared his employer's 1931 tax return, that, in the confusion of his departure for London as Ambassador to the Court of St. James's, Mr. Mellon barely glanced at it, did not swear to it. But Counsel Hogan announced that when he took the stand Mr. Mellon would assume full responsibility for the return...