Word: refundability
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Secretary Mellon, after the 1924 experiment, has disliked tax publicity. Last February the Senate was agitating publicity for tax refunds in the first deficiency bill.* Charges had been made that Mr. Mellon's department had secretly doled out large sums in the dark to a favored few. Mr. Mellon wrote to Senator Warren, Chairman of the Senate Appropriations Committee, reviewing the "gauntlet" which tax refund claims had to run in the treasury. Said the Secretary...
Congress nevertheless passed the bill containing, in modified form, a refund publicity clause drafted by Tennessee's loquacious Senator McKellar. So soon as Herbert Hoover became President, Senator McKellar attacked the reappointment of Secretary Mellon with a resolution directing the Senate's Judiciary Committee to enquire into Mr. Mellon's fitness-for-office...
This inquiry is not yet afoot, but President Hoover last week called his Treasury chief to the White House and told him what he wanted in the way of tax refund publicity. Mr. Mellon returned to his office, wrote a letter to the President recommending what the President had explained. Mr. Hoover then signed the necessary order...
...Debated hotly the $191,000,000 final deficiency appropriation bill carrying $75,000,000 tax refund item lost in deadlock on the first deficiency bill, also voted 230 to 125 against the appropriation of $24,000,000 for Prohibition enforcement; struck out provisions for two additional $10,000 secretaries to the President and for repair of Mount Weather, Va., as a Presidential retreat...
...which period they receive a diamond worth $175. If they pay $2 a week for 100 weeks they get two diamonds, worth $350. The company reserves the right to make a cash settlement at any time after eleven installments have been paid, this settlement to consist of a refund with the generous interest of 37-3%. This repayment-with-interest appears to have overshadowed the jewelry portion of the business. Hundreds of dollar-a-week investors have had their partial payments refunded at interest...