Word: mellons
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Dates: during 1940-1949
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...many a U.S. banker it seemed that Mr. Bracken would have been smarter to compare Mr. Morgenthau to the late Andrew Mellon, whose astute Government financing was marred by the market flop of the famous Mellon issue of 3% bonds in 1931. For Mr. Morgenthau went to London just after he had had an equally outstanding failure...
...Government's credit but of the Treasury's stubborn amateurishness. Most bankers agreed that the offering would have been a success if it had consisted of 2¼% bonds of 12 to 14 years maturity, but the Treasury brushed aside their advice. More than that, unlike Mr. Mellon, who confessed to his error when he misjudged the market, Mr. Morgenthau stuck to his dignity, put on a little homily on 2% financing...
...Statistical School at Mellon Hall, in the Business School, was originally established in June this year as an exempted station under the jurisdiction of Hq. 1st District, AAFTTC, at Greensboro...
Strange news came out of Washington over the United Press wires. The President, U.P. declared, has become a great admirer of the policies of the late Andrew W. Mellon, Secretary of the Treasury under Harding, Coolidge and Hoover, and is making plans to pay off this war's debt just as Mellon started paying off the debt for World...
...Mellon's mistake, the President is said to have told national leaders recently, was in removing the wartime tax load too soon, thus releasing a flood of surplus purchasing power which Mr. Roosevelt believes contributed to the 1929 stockmarket crash...