The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-04-18
ANDREW w. MELLON. SECRETARY OF THE UNITED
STATES TREASURY

You read that under Secretary MELONS management Of
The Treasury the national debt has been lowered by many bill
lions dollars and you have heard recently that at least five
hundred million Of surplus has been accumulated There
may be reduction Of another billion and half in the
debt soon and in addition for next year. substantial cut in
taxes.
This Is the man behind the financial machinery Of the
United States
When President Harding selected him look after the
peoples money he spoke Of him the second richest in
the United States"
What interests the people is that Mr. Mellon who knows
about money and has proved it in his case devotes
his time and energy to the peoples great problem Of after the
finance with results gratifying to this country and
amazing to the whole world.
Before he entered the public service and undertook
age the gigantic financial problems handled by any
man on this earth Mr. Mellon probably considered himself
busy
He had enterprises over this country and in many other
parts Of the world business industrial financial undertakings
Of great magnitude
AL these he turned to Others neglecng his in
teress when he undertook the peoples work. and went
from intensely complicated business duties to public duty
MORE intense, more complicated and extensive.
rev citizens probably realize the duties placed by law upon
Che shoulders Of Mr. Mellon Secretary Of the Treasury.
Here few Of them:
Primarily he is responsible for the management Of the
Nonal financing.
is his duty prepare plans for the Improvement and in
crease OF revenue and Tor the support OF pubic credit
That he has done both these things made plain by the
fact that the has billions in Of the
needs and makes possible gigantic cutting Of the public debt
And for national credit ahead Of all others EARTH
s status shown by the eagerness with which money is lent
TO the United States at three and three and onea per cent
The Secretary Of the Treasury superntends collection
Of national revenues directs and controls the rendering of
public accounts and making returns.
issues warrants for all monies taken from the Treasury
IN accordance with appropriations made by law and respon
sbe for the payment into the Treasury Of money due the
nation
In addition the Secretary of the Treasury controls the
construction and maintenance Of public buildings the coming
and printing of money the administration Of the Coast Guard
and public health branches Of the public service And
part Of his duty to supply Congress with all information
needed concerning the foregoing activities. st
The Secretary Of the Treasury exofco chairman Of the
federal Reserve Board of the greatest stab
ing credit ever created.
he is exoffco chairman Of the Federal Farm Loan Board
chairman of the World War Foreign Debt Commission
American High Commission, supervses the Postal Savings
SYSTEM member Of the board of trustees of the Smith
sonan Institution and Of the Federal Narcotic Board and
chairman Of the board Of directors Of the War Finance
poraton.
That partial outline Of the duties Of the Secretary of the
Treasury shows that to have its work properly done this ma
ton needs that UNDERSTANDS finance and business
Il has such in the present Secretary Mr. Mellon in
half what he pays nnumerable employees in his private
organization. "a