Word: pittsburgh
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Dates: during 1930-1939
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Five Government witnesses appeared and put it up to the jury: Did it not appear that Citizen Mellon had claimed a fake loss of $5,678,000 on Pittsburgh Coal Co. stock and of $402,000 on Western Public Service Co.? That his gross income was $9,213,000 and not $6,759,000 as reported? That his net income was $7,767,000 instead of $5,553,000? That he should have paid an income tax of $1,364,000 instead of $648,000? That he had "unlawfully, willfully, knowingly, feloniously and fraudulently attempted to defeat and evade...
Next morning the Pittsburgh grand jury filed into the court room and handed to the judge the Government's charges with the words written across their face: "Not a True Bill." The jury's refusal to indict spared Andrew William Mellon the humiliation of having to defend himself in court on the charge that, as Secretary of the Treasury, he had brazenly and deliberately tried to cheat on his income tax return...
Samuel Harden Church, president of Pittsburgh's Carnegie Institute: In seeking to justify his assault upon Mr. Mellon's character Attorney General Cummings made the announcement that it is his policy to present to each citizen the Government's tax claim, and if the full amount of that claim is not paid without any further discussion of the matter a criminal indictment will be demanded. The cool, calculating villainy of this statement has shocked America...
...gain was only 8% against an eight-year average of 29%. Motormen began to suspect that not consumer demand but fear of such strikes as occurred last week in the Fisher Body plant had piled their desks high with orders from nervous dealers. The shifting wind in Detroit cooled Pittsburgh because automobile plants are steel's best customers. Furnaces grew hotter last week but the price of scrap steel was weak. More than one-half of all new steel is made from old steel, and the price of scrap, which steelmen must buy in advance, is regarded...
...Admiral in Command of Battleships, Admiral in Command of the Battle Force. The grandsons of Adam Gimbel Bavarian Jew who set up as storekeeper in Vincennes, Ind. in 1842, now control one of the largest department store chains in the U. S. Gimbel Brothers. Inc. has stores in Philadelphia, Pittsburgh, Chicago, Milwaukee and three in Manhattan. Even in 1932 Gimbel's could afford to lose $4,000,000. The three Manhattan stores are Saks 34th Street, which cultivates the masses, Saks Fifth Avenue, which cultivates the classes, and Gimbel's which cultivates a rivalry with its neighbor, Macy...