Big money cannot be handled in the dark without stirring some people's suspicions. To dissipate suspicion, President Hoover, by executive order, last week, lifted the curtain of secrecy from the Treasury's income tax operations, sufficiently to reveal the important details of all tax refunds above $20,000. It was a move long demanded by progressives and Democrats in Congress and as long opposed by Secretary of the Treasury Andrew William Mellon. The White House ordered the new policy; the Treasury obediently executed it.
Secretary Mellon, after the 1924 experiment, has disliked tax publicity. Last February the Senate was agitating publicity for tax...
To continue reading:
or
Log-In
