Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1921-03-10
RICH MAN FOR
A BIG JOB
UNCLE TED TELLS CHILDREN
THAT MELLON is RIGHT MAN
FOR BIG PLACE

called Jack, Just as his Uncle was
starting to leave the house. please
tell us another story tonight. You
promised last night you would"
Jack, you're the biggest tease /
ever knew in my life," called back
Uncle Ted. 81 was just going to a
church meeting.'
But it won't take long" spoke
up Ruth, land anyway, we have to
go to bed early"
BY this time Uncle Ted had turn
ed around and started up the steps.
"All right" he said as he came
through the front door. "If / tell
you another story tonight you must
get off to school on time tomorrow.
Your mother tells me you have
been late great many times
lately"
eve promised" came the answer
from both Ruth and Jack.
WELL began Uncle Ted, "last
week / told you something about
our new Secretary of state, Charles
Evans Hughes. How would you like
to hear something about the man
who heads the big money depart
'ment of the government, the new
Secretary Of the treasury"
Fine" spoke up Jack. II hope
he knows all about money, cause
there must be a lot OF Il in the
Treasury"
There's not as much as there
was before the Wilson administra-
tion started making big loans to
about every foreign country that
a 90,
made on the theory that they would
be used by the borrowers in their
war against Germany, but about $2,-
900, 100000 of them were handed
out after the armistice had been
signed and the fighting had stopped.
So there isn't as much money in
our treasury as there should be. 1t
will be one of Mr.. Melons first du-
ties to arrange for the return OF
these big loans and feel sure after
he has been in office a short time
the money will begin coming back
to us.
"You know, / think a man who
holds the big position Of Secretary
of the Treasury should be a man
who knows how to handle large
sums; a man who has had plenty
of money to handle, ana one with
keen business head. No ordinary
man can possibly run the Treasury
without getting it into an awful
mess. But our new man in that job,
the man picked by President Hard
ing, is one of the richest men in the
state of Pennsylvania and is one of
the fifty wealthiest men in the coun-
try. OF course, that alone doesn't
mean he is a great man at all. That
point simply shows that the han
ding of large sums of money is not
something new for him. He is not
what we know as a politician. He
is a plain, easily-approached man
who is leaving his banking iterests
and his many other big connections
to take up a big work for his coun-
try where his special training can
be used to its best advantage.
have talked to Mr.. Mellon, and
can tell you that never hope to
talk 20 a more sincere and earnest
citizen. He is as easy to approach
as your father.
''Mr. Mellon was porn in Pitts
burgh, Pa, where he still makes his
home and where he runs a bank
started by his father, not to mention
several banks in various parts of the
state. He was educated at the I'm
iversity Of Pittsburg, now the West
ern University of Pennsylvania.
There are three big banks known as
the Mellon banks, the most power
full in western Pennsylvania and the
Central West. They were started
by Thomas Mellon in the middle
sos. Thomas Mellon made many
friends among the small struggling
bankers Of that part of the country,
particularly in the steel and oil
fields of Pennsylvania and Ohio.
His sons kept up these friendships,
which was shown, so his friends say
when Andrew Mellon was mentioned
for his cabinet pos-. President
Harding received many letters at
that time from the small bankers
all over Ohio and l don't doubt but
that had a lot to do with helping
Mr.. Harding to decide that Mr.. Mel
Ion was the man for the job.
"To give you some idea that he is
in a position to handle and direct
the use of the country's money re-
member that he is, or was, either an
officer or director in companies rep
resenting a total of 1900, 100000.
He pays the largest income tax in
Pennsylvania. He is not a society
man, and he very seldom goes to the
clubs of which he is a member. He
loves golf and hates public speaking.
/ have been told by those who ought
to know that he never made a pub
lie speech in his life. hope that
is true We don't neeo orators in