TAXATION: Mr. Mellon Proposes

Knowing that a struggle was inevitable, Andrew W. Mellon, Secretary of the Treasury, took the future by the forelock. It is a settled question that the next Congress will have the choice either of giving the soldiers a bonus or of reducing taxation. The progressives in Congress are militantly for a bonus. Many of the conservatives, including Senator Reed Smoot, Chairman of the Senate Finance Committee, without advocating the bonus, regard it as a certainty. Not so, Secretary Mellon.

In a letter to William R. Green of...

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