National Affairs: Next!

A little side investigation conducted by the Senate has been looking into the Bureau of Internal Revenue. One of the matters gone into was the refund of taxes to the Gulf Oil Corporation in which Mr. Mellon is interested. It developed that a settlement had been made in regard to tax refunds on Feb. 28, 1921, a few days before Mr. Mellon took office. An agreement for a final settlement was made in August of last year under Section 1312 of the Revenue Act, by which the case cannot be reopened. The propriety of...

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!