Word: wealth
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Dates: during 1930-1939
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When Mr. Mellon took over the Treasury Department for President Harding in 1921, few citizens outside of Pennsylvania had ever even heard his name. Gradually they learned that only the Rockefellers and the Fords were richer than their Secretary of the Treasury; that he had made his wealth in aluminum, steel, coal, oil, banks; that he invested his profits in the finest of old masters; that personally he was a shy, modest man with a quiet charm. When he started to reduce the Public Debt, with a consequent reduction in taxation, enthusiastic G.O. Partisans tagged him with the silly title...
...implying that in the last analysis education is for the privileged few who have money to go to college. . . I have no apologies to make to over-endowed private institutions that do not know what to do with their money. You find in this field. . . the aristocrats of wealth who claim that they have certain privileges that the best of us shall not have...
...contradictions in Mr. Hopkins's remarks become apparent when he accuses Williams indirectly of being "overendowed," and containing "the aristocrat of wealth." If Williams is such a horrid place, why did Mr. Hopkins even offer to aid students who desired to go to this "aristocratic, over-endowed" institution? According to his own word, this would have a bad influence on the boys. But, then, what is a contradiction to a New Dealer...
Last week Governor Eccles stepped to the stage front to pooh-pooh any radical impressions his Senate testimony may have created. "I have certainly, for instance, never advocated the redistribution of wealth," he said. "That is perfectly impossible under the capitalistic system...
...would be difficult to assemble a more impressive aggregation of wealth than is represented by the men on Pullman's board: J. P. Morgan and his partner George Whitney; Richard K. Mellon and two Mellon lieutenants; George F. Baker and a vice president of his First National Bank; General Motors' Alfred Pritchard Sloan Jr.; Harold S. Vanderbilt, Montgomery Ward's Sewell Lee Avery. President of Pullman is David Anderson Crawford, a husky, popular gentleman of 55 who works hard and plays money-golf in the low 80's. During the winter at Chicago's University Club he plays racquets with...