National Affairs: Fiscal March

Secretary Mellon celebrated his 74th birthday last week by calling on his friend President Coolidge. Birthday festivities consisted of a handshake, laconic felicitations, a long conference on the tax-reduction situation. Leaving the White House, Secretary Mellon declined to divulge what he and the President had decided was to be the Treasury's specific recommendation to the Senate Finance Committee when the latter begins hearings on the House's tax bill next week. He said only that tax payments in the first quarter of 1928 seemed so far to justify the Treasury's original estimates of the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!