Word: mellons
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Dates: during 1930-1939
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...Collections recently given to the public include those of Andrew William Mellon and Jules Semon Bache...
Died. Seymour Parker Gilbert, 45, youthful prodigy of U. S. business, one-time (1924-30) Agent General for Reparations Payments in Germany, since 1931 a partner in J. P. Morgan & Co.; of heart disease; in Manhattan. As a young U. S. Treasury assistant to Secretaries McAdoo, Glass, Houston, Mellon, he often worked until nearly dawn, then showed up on time for morning work. As a young Reparations agent he harvested from Germany, distributed to the Allies, $26,000,000,000 in cash and chattels...
Even then, despite its small staff, TIME kept its readers abreast of the news, if not ahead of it. During the first six months TIME'S cover subjects included not only the figures of 1923 (Uncle Joe Cannon, Warren Harding, Eleanor Duse, King Fuad, Hugo Stinnes, Andrew Mellon, E. M. House) but some who belong very much to 1938: Franklin D. Roosevelt, Mustafa Kamâl Attatürk, Burton K. Wheeler, Benito Mussolini, John L. Lewis...
...mural painting, a great work of national scholarship in the Index of American Design,* free art classes for children and adults in about 60 towns and cities, the employment of 5,000 artists. The year was also notable for two great gifts to the public by rich men: the Mellon collection to the U. S. Government and the exceptional Bache collection to the State of New York. Late in the autumn publishers awoke to the fact that no season in many years had been so thickly plummed with instructive, inexpensive books...
Last week the Board cleared dead Andrew Mellon completely by finding "no doubt" that "the record before us does not sustain the charge of fraud," found the trust that received his pictures was a "valid organization." Dealing with the other disputed transactions one by one, the Board ruled for Mr. Mellon in six of them, against him on three. It found that the sale to Bethlehem Steel Corp. of the McClintic-Marshall Construction Corp., of which he was one of four stockholders, was not a reorganization as he claimed and that his estimated $6,549,000 profits from the deal...