Word: mellons
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Dates: during 1930-1939
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...days later to a group of world bankers attending the International Chamber of Commerce went Andrew Mellon. For the first time in nearly two years he gave his views on economic conditions. And he, too, opposed wage cutting. Said he: "Prices must be revised and costs of production and output must be brought down . . . and this must be done without a general reduction in wages, provided the period of readjustment is not too long drawn out, and on condition also that we reduce costs by greater efficiency in labor, in management, and in distribution...
...panics and regarded as supreme by every other bank, public and private. It has always supported the operations of the Treasury Department and still makes a point of immediately subscribing $25,000,000 for every Government offering, a fact which pleases Mr. Baker's younger friend, Andrew William Mellon. In recent years Mr. Baker had served as chairman of the bank. The active president has been Jackson Eli Reynolds, 58, whom Mr. Baker took from the position of general attorney for the Central Railroad of New Jersey. Mr. Reynolds most recently distinguished himself in his work for Bank of International...
...Washington, Andrew William Mellon carries on as Secretary of the Treasury...
...worry. Well, no sooner did the words leave my mouth than another gale came up. Then it began to snow. ... I looked around and saw that one of the boys, Charlie Curtis, had a coating of ice on his moustache. Claudius Huston had both ears nipped and . . . Andy Mellon . . . was sitting on the floor of the bus rubbing...
Debt, Opposed by the President and Secretary Mellon was the Republican suggestion that payments into the sinking fund to amortize the Public Debt be temporarily suspended. This year's sinking fund payment is fixed by law at $440,998,200. But even its application will leave the Public Debt ($16,582,868,400) almost $400,000,000 larger than it was at the beginning of fiscal 1931. This increase in the debt represents approximately the amount of new money (as distinguished from refinancing loans) which the Treasury has had to borrow this year...