Andrew Mellon
Andrew Mellon
Andrew William Mellonwas an American banker, businessman, industrialist, philanthropist, art collector, United States Ambassador to the United Kingdom and United States Secretary of the Treasury from March 9, 1921 to February 12, 1932, from the wealthy Mellon family of Pennsylvania...
NationalityAmerican
ProfessionBusinessman
Date of Birth24 March 1855
CountryUnited States of America
real hard-work cost-of-living
Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.
yield government people
The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people.
real estates farmers
Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.
depression worry tides
There is no cause to worry. The high tide of prosperity will continue.
jobs giving corporations
Give tax breaks to large corporations, so that money can trickle down to the general public, in the form of extra jobs.
depression pessimism situation
I see nothing in the present situation that is either menacing or warrants pessimism.
business financial danger
A nation is not in danger of financial disaster merely because it owes itself money.
strong men ideas
Strong men have sound ideas and the force to make these ideas effective.
people wrecks competent
Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.
ties gentleman preference
Gentlemen prefer bonds.