The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1921-12-27
SEC'TY. MELLON
A WORKER

Ion and chief Of these is that he
never shows signs Of trying to get
into the lime-light. To use COM
mon expression, he Is always on the
job and saving wood That Is ex-
actly the kind of man needed in the
Treasury Department these days, for
the nation has enormous financial
problems to be solved. Coducting
treasury department is not spectacu
lar undertaking and If man under
took to use 1t for spectacular pur-
poses we would feel uneasy. The sen
sationalist in a national treasury Is
as dangerous as the sensatioal bank
er-we'd rather put our trust else
where.
This inclination of Mr.. Mellon to
avoid publicity is nothing new with
him, and, therefore, 1t is the more
impressive. He was one of the most
successful financiers in the country
before he accepted q place In the
lcabinet, and he attained that success
without the country at large ever hav
ling heard Of him. Apparently. stick
ling close to the job and saving wood
LA a lifetime habit--a habit that gives
Ian impression OF stability and depend
ability.
Another characteristic Of Mellon
that we like is his advocacy Of econ
lomy in government business. This
lis probably also result of habit, for
few men become rich unless they
1practice economy. One Of the first
Recommendation made by the new
,ISecretary of the Treasury was In fav-
or OF a rigid cutting of national ex-
pendltures as a prerequisite to the
reduction of Federal taxes. Probao-
ly the most difficult task of govern
ment is to keep down expenses, Tor
there is constant demand for funds
from the public treasury.
II is generally understood that Mr..
Melons policies in conducting the
Treasury Department have very i'm
portant factor in bringing Liberty
Bonds back toward par. At the out
set of his administration Mr.. Mellon
ANNOUNCED far-sighted program for
1.-THE refunding of the short-dated debt
land with this program successfully
Launched there has been gradual I'm
lprovement In the market position OF
Liberty Bonds and Victory Notes.
Decreasing rates of interest have al
so helped, and have made the Lib
erty Bonds relatively better invest
ments, so that holders of the bonds
have found restored values in the
securities they have bought to help
the government in time of need.
Then too, 1t is understood that Mr..
Mellon has bought bonds for the gov
lernment when there seemed to be
more on the market than the market
would absorb. Taking the surplus
off the market was not only gain
to the Government but helped the
holders of bonds. This was not only
a fulfillment of the obligation of the
Government, which the previous ad-
minstration neglected, but a fulfill
Iment of an implied promise of the
Republican parity. Like all other
holders of Liberty Bonds, we approve
Tho Mellon policy.
Some days ago Mr.. Mellon quietly
called down some Federal employees
who were spending lot of their time
and energy trying to formulate pub
lic opinion in accordance with their
ideas. He intimated that their sole
duty is to enforce and administer the
law, leaving Congress and the public
70 make the law. We like that policy
also. Not so long ago II looked as
Though propaganda had become the
chief purpose of Government, and,
since radicalism is always most act
live in propaganda, the Government
became, In affect, a teacher of radical
ism. The fact is that money paid
into the treasury by all the people
should not be used to foster the
ideas of part of he people. Mr.. Mel
Ion is right again.
In the few months he has been at
the head OF the Treasury Department
Mellon has demonstrated a DISPOSE
ton to attend closely to his duties
and let his record be judged by re-
suits without continually shouting
This accomplishments from the house
tops. If he will keep that up, other
people will do the shouting.
FARMER RICO IN CON-