Word: reporter
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Dates: during 1920-1929
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Secretary Mellon of the Treasury issued his annual report last month for use by the Ways & Means Committee of the House in preparing the tax bill. Secretary Mellon reported a $635,000,000 surplus for 1927; predicted surpluses of $455,000,000 and $274,000,000 for 1928 and 1929 respectively. With the U. S. debt still 18.5 billions big, and large Federal outlays in prospect, Secretary Mellon advised tax reduction of only $225,000,000. Other Republicans had hoped for a cut of 300 millions. Democrats had talked of cutting at least 350 millions. The U. S. Chamber...
...surprised by the Chamber's "misconception of facts"; by its "generalizations" about the surplus, which it had no accurate means of estimating; by downright errors in its figures. "Such carelessness," said Secretary Mellon, "is perhaps excusable in a general discussion . . . Certainly it is hard to defend in a report which furnishes the basis for an at- tack on official estimates. . . . This is hardly worthy of a businessmen's report." Banker Pierson, unabashed, stuck to his guns. He intimated that the Chamber would reply in detail. He said: "The constituency of the Chamber is a cross section...
...This report was accepted last week by the lower criminal court at Ellwangen, Württemberg, when it handed down for the first time a verdict based on the blood test method of determining parentage. The court, thoroughgoing, suppressed all names, to protect the honor of the man unjustly accused, then sentenced the scheming young woman to six months' imprisonment...
...gloomiest part of Secretary Hoover's report for the business year that began July 1, 1926 and ended June 30, 1927, related to farm products. The report, published last week, stated that during that fiscal year the value of crops and animal products, deducting crops fed to animals, used for seed and wasted, was $12,080,000,000. The previous fiscal year it had been $12,670,000,000. Cause: Low cotton prices last year and depression in the prairie states. The coal business had not been prosperous, nor the textile business...
...cheeriest part of his report was his statement on the condition of agriculture since July of this year. Said he: "Advance has been particularly conspicuous in the case of cotton as a result of a much reduced crop. As the prices of other commodities had meantime declined somewhat, the relative position of farm products has materially improved. On a pre-war basis the index for them now stands quite as high as the average for nonagricultural articles." Textile manufacture has also improved...