POLITICAL NOTES: Impertinent! Scandalous!

For twelve long Republican years Andrew William Mellon was almost a saint to his party. By last week, however, the Democratic Administration in Washington was rapidly making this 79-year-old Pittsburgher over into an Old Deal devil.

When Mr. Mellon took over the Treasury Department for President Harding in 1921, few citizens outside of Pennsylvania had ever even heard his name. Gradually they learned that only the Rockefellers and the Fords were richer than their Secretary of the Treasury; that he had made his wealth in aluminum, steel, coal, oil, banks; that he...

Want the full story?

Subscribe Now


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!