Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-11-08
MELLON EXPECTED
TO STAY At HEAD
Of THE TREASURY
Better Times Ahead, Secre-
tary Says - Cabinet Re-
arrangement Rumored

w @AoI1IANS LO-N, ANON VI SoA-
dent Coolidge today designated John
Hays Hammond to represent the
government at the celebration of the
centennial of the first meeting Of
the legislative council of the terri
tory of Florida. being held this
month at Tallahassee. The appoint
ment was made in accordance with
a congressional resolution.
In The Y discussion OF cabinet
changes it Was generally agreed by
government officials today that Sec
rotary Mellon. who has been work
ing on taxable questions, would be
content to remain at the head of
the treasury department If his serV-
ices are desired.
MIR. Mellon declined to discuss the
subject, saying he had given it no
consideration. He added, however,
that he had not considered asking
the president to look elsewhere for
a head for the treasury department
after next March 4.
Secretary Predicts Boom
General business sees a clear
sky" in the opinion of Secretary
Mellon, who now expects that doubts
as to the future will be removed
and commerce and industry will go
ahead with a program of expanding
development.
The secretary, it was said today
at the treasury, believes that Tues
days election has taken off brakes"
that have held back business some
what in the last several months He
thinks, also, it was added, that the
railroad managers will feel that they
may lay out programs for the next
few years with more confidence that
moves inimical to them will not be
made by congress.
With the uncertainty of a posi-
BILE deadlock on the presidential vote
removed, it was said, Mr.. Mellon
foresees a generally healthy condi-
ton both at home and abroad. He
traces the improvement in Europe
to the settlement of the reparations
problem through the Dawes agree
ment and expects that better condi-
lions will result not only in the
countries Immediately affected by
the settlement, but in the United
States and in other countries which
have important trade relations with
those who have signed the repara-
lions settlement.
The treasury itself is preparing
now to round out its suggestions to
the next congress on taxes, but
these recommendations it was said.
will be largely reStatement of the
position taken last fall The pro-
posals will be made in the treas
ury's annual report and probably
will include suggestions for certain
tax reforms as we'll as references
to methods of dealing with the ques-
ton of tax-exempt securities.
With the evidence of his popular
in Gorsement steadily increasing as
election returns continued to come in,
President Coolidge turned his
thoughts today to plans for the next
four years, including the setting up
OF his own administration and the
framing of a legislative program to
be presented to congress.
In the latter connection, interest
a. the White House centered today
on the results of the congressional
contests. The present congress,
though nominally in control of the
Republicans, has been dominated by
the balance of power held by the La
Toilette group in both branches. Be
cause of this, it is expected few
measures except the usual approp-
ration bills and possibly farm relief
legislation will be presented by the
president to the final session of the
sixty eighth congress which begins
in December.
Tax Reform to Wait
While Mr.. Coolidge has declared
for further tax reduction and tax
reform" it is the opinion of those
OH ~ of he
treasury department, and to the
president, that such legislation will
not he pressed by the administration
at the short session. Nor will an
extra session be called after March
4 for this purpose alone, it is be-
lieved, unless clear working MAORI
ties in each branch of congress are
assured and other emergency legis-
lation is deemed necessary.
Meanwhile Mr.. Coolidge will be
confronted with the problem of Sc
Letting a cabinet. 1t is thought like
ly that several of the present mem
bers will retire for personal reasons
to private life, and it is understood
also that the president has in mind
some changes in the alignment,
though no wholesale transferring Of
department heads is expected. No
outstanding changes, however, are
looked for prior to the inauguration.
AS on yesterday. it was business
as usual today at the White House.
Mr.. Coolidge, as customary, appear
ed early at the executive offices,
giving his attention to government
affairs
Immediate problems facing him
are the selection of the proposed
agricultural commission to investi-
gate farming conditions, the appoint
ment of a secretary of agriculture to
succeed the late Henry G. Wallace
and a decision on the report of the