Under the august initials of the Associated Press, the country was informed one day last week that "a substantial reduction in taxes, favored by President Hoover, will be recommended . . . by the Treasury, to become effective March 15. . . . While not predicting . . . the $300,000,000 variety, officials said it would be large. . . ."
The A. P.'s apparent source: Under Secretary of the Treasury Ogden Livingston Mills.
At his next press conference, Andrew William Mellon announced that this was news to the Secretary of the Treasury;...
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