Indianapolis Times, Indianapolis, Marion County, 27 August 1937 — Page 2

EE i AN

THE INDIANAPOLIS TIMES

and Mr. Mellon was the apostle of of the wide banking interests contax reduction. The country ap-|trolled by the Mellons today. An-

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PAGE? __ : | plauded. A drew became head of the bank at

| In his first “Mellon tax plan,” |25. With their capital backing, the

® . . ' : But over a period of years he had | country—in coal, banks, railroads,

IN PITTSBURGH his way in a considerable paring, oil, aluminum. Mr. Mellon resigned

| down of rates on incomes of mul-|as officer or director in 160 corpoFinancier and Ex-Treasury

FRIDAY, AUG. 27, 1937

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U. S. Financier Dead at 82

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timillionaires as well as those of the rations when he became Secretary | small taxpayer. | of Treasury. | Then came the stock market Political Influence ' break and on the heels of that re- Mr. Mellon exerted a potent in- | duced Government revenues which | fluence in Pennsylvania politics | | caused a deficit of nearly a billion | most of his life. He contributed

Head Dies at 82 After Two-Month lliness.

(Continued from Page One)

impression of him was his innate modesty. His lifelong benefactions

were studiously withheld from the | publie. For years he forbade men- |

tion of the great gift he had prepared for the American people. The new art gallery at Washington is likely to excel any such collection in the world.”

Taken Ill Last June

His official successor, former Secfretary of the Treasury Ogden Mills, called him a “great man, simple, loyal and courageous,” and Arthur A. Ballantine, who served under him in the Hoover Administration as assistant secretary, said he was “a truly constructive Amberican.” ‘Mr. Mellon was taken ill in Wash-

ington last June while directing the |

establishment of his art gallery. "He had selected a site for the building on Washington's Mall, and had agreed to pay the 15 million dollars construction costs.

In a letter to President Roosevelt, |

proposing the gift, Mr. Mellon stip-

ulated that the gallery should not |

bear his name and that it should belong to all the people.

which he suffered the last two years In July he came here to stay with his daughter, who had been his hostess at London when he was Ambassador to the Court of. St. James

March, - 1933. been confined to the house.

Appeals on the Federal ment’s suit to collect which Treasury officials claimed he owed in income taxes for 1931.

Tax Verdict Pending

The suit was tried in Pittsburgh fn 1935, with Mr. Mellon insisting that instead of owing the Treasury money he had overpaid his taxes to the extent of $139.045. A voluminous pile of data bearing on the suit was turned over to a three-man trial board of the tax appeals board last summer, and the opinions of the members will be submitted to the full board of 15 members next month.

Mr. Mellon led a lonely life after

the collapse of his marriage in 1900 with Nora McMullen, a vivacious Irish girl 25 years his junior, the granddaughter of Peter Guinness, wealthy Dublin brewer. They had two children, Ailsa and Paul. After nine years of married life, Mrs. Mellon sought a separation. Mr. Mel-

lpn filed suit for divorce in Sep- |

tember, 1910 Mr. Mellon then sought a divorce on grounds of simple desertion and obtained a decree in July, 1912. Mrs. Mellon yielded custody of the two children and received an

| burgh, the

{lege for Women and

S : str search. from February, 1932. until the start | stile of Industrial Research

| Since | devoted philan-

annual income of $30.000. his divorce, Mr. Mellon most of his time to his

He liked to play | golf and ride a horse. | His chief philanthropic interests | were the Carnegie Library of PittsCarnegie Institute of Technology, the Pennsylvania Colthe Mellon |

Andrew W, Mellon

| |

wealth and create prosperity to be | passed down to the average man, | who in turn passes it back by an | enlarged buying power. Mr. Mellon's contributions as Sec-

| retary of Treasury were three: Re- |

duction of taxes, reduction of the | public debt and the agreements by | which foreign nations funded their | war debts to the United States.

Taking over the Treasury with a

| public debt of nearly 24 billion dol-

| lars hanging over the country from

Powerful In Cabinet Secreunder three | Presidents, was one of the most powerful cabinet members in the country’s history, He set the tone in two administrations, those of Presidents Hardirg and Coolidge, and was an in-

Andrew William Mellon,

fluential member of President Hoov- | er's cabinet.

The reason for Mr. Mellon's influ- | ence among the leaders of finance and big business, as well as the re- | spect in which he was held by the average citizen, is not hard to trace. He grew up in Pittsburgh with the industrial age. was a part of it. and became a symbol of it. His attitude was paternalistic, acceptance of the theory that it is the province of leaders of industry to contrel large

| the World War, the Pittsburgh fin- | ancier adopted a policy of

gradually diminishing this huge obliga- | tion. In 10 vears he lopped some | eight billion dollars from it. Some |

| political leaders favored a slower { reduction of the war debt, arguing

it should be borne somewhat by coming generations, but Mellon did not take this view and Presidents Harding, Coolidge and Hoover agreed with him.

Debt Operation Was Savings

By this debt overation, the Secretary of Treasury saved millions in interest charges annually, vhich, with the heavy revenues from the income tax pouring in from prosperous business, was applied to five successive tax reductions during his administration. Tax reduction always is popular

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Andy Koozer showing us where he does his hatching

This is me just as | was remarking to Andy how never iv my life heard such apeeping and a scratching as goes on in that house where he hatches out his baby chicks. Andy’s chuckling and saying so far as he’s

concerned, he never heard more goings on than in TheWilken Family’s bottling room! Harry E. Wilken

Our Family’s Whiskey has more new friends in Indianapolis than Andy Koozer has chicks!

Joking with Andy Koozer the other day, I told him how al those ooops full of chicks I see him trucking down to the depot for shipping aren’t one two three with the number of cases of Our Family’s Whiskey us Wilkens load in a day. Andy says ‘yes but the only mother all those chicks has got is me personally, but your whole family is turn-

ing out the whiskey!”

prother-in-law Tom, but Fa Wilken and Grandpa Wilken in the bargain—we’ve been putting all our heart into making fine whiskey the whole of our lives, And thisis ourown Family’s Recipe,and I guess I'm safe in saying it’s mighty seldom anybody tries it but what they declare it’s the mildest and the tastiest whiskey they ever got a hold of!

And Andy Koozer is right at that! Not just me and my brother William Wilken and my

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dollars at the end of 1931 fiscal

| year, the first deficit that Mr. Mel- | funds.

lon had encountered. A saying | grew up around Washington that | he had stayed too long. A revealing incident as to Mr. |

| Mellon's loss of caste toward the

end of his administration occurred | during debate in the House in the] spring of 1931 when Rep. Allen T. | Treadway (R. Mass), in defend- | ing the Secretary, referred to him by the phrase frequently heard from | the lips of Mr. Mellon's champions | “the greatest Secretary of the | Treasury since Alexander Hamil- | ton.” This provoked a loud burst | of laughter, punctuated with guf- | faws, in which Republicans as well | as Democrats joined. Mr. Mellon took a philosophic at- | titude toward the depression. In! his nearly four score vears ne had | seen several. He liked to tell how he went west during the depression | of 1873, selling wagons, on a junket | to see the country. That depression | lasted for seven years. He saw the country emerge from that slump to go on to prosperity never dreamed | of in those days. | Mr. Mellon's father had migrated | to the United States from County | Tyrone, Ireland. He settled in | Pittsburgh and became judge of the | Court of Common Pleas there. He | afterward became interested in | banking and business. His sons, An- | drew and Richard, grew wp in very | comfortable circumstances. Andrew | went to the University of Pitts- | burgh. but his father took him out | of school before he was graduated | to start him and his brother in the | lumber and real estate business. | After selling out that venture, the | two yvoung men went into their father’s bank, then known as T., Mellon & Sons, and the forerunner |

to Republican campaign | He helped finance the fight

heavily

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