Andrew Mellon Quotes

United States, Banker
March 24, 1855 – August, 26, 1937.

Andrew William Mellon , sometimes A.W., was an American banker, businessman, industrialist, philanthropist, art collector, and politician. From the wealthy Mellon family of Pittsburgh, Pennsylvania, he established a vast business empire before transitioning into politics. He served as United States Secretary of the Treasury from March 9, 1921, to February 12, 1932, presiding over the boom years of the 1920s and the Wall Street crash of 1929. A conservative Republican, Mellon favored policies that reduced taxation and the national debt in the aftermath of World War I.

Also known as Businessman, Philanthropist, Politician, Art Collector

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.

Andrew Mellon
- People
- Society
- Estate
Give tax breaks to large corporations, so that money can trickle down to the general public, in the form of extra jobs.

Andrew Mellon
- Money

A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues.

Andrew Mellon
Any man of energy and initiative can get what he wants out of life. But when initiative is crippled by legislation or by a tax system which denies him the right to receive a reasonable share of his earnings, then he will no longer exert himself and the country will be deprived of the energy on which its continued greatness depends.

Andrew Mellon
- Men
- Country
- Energy
If the spirit of business adventure is dulled, this country will cease to hold the foremost position in the world.

Andrew Mellon
- World
- Country
- Business
Strong men have sound ideas and the force to make these ideas effective.

Andrew Mellon
- Men
- Strong
There is no cause to worry. The high tide of prosperity will continue.

Andrew Mellon
Gentlemen prefer bonds.

Andrew Mellon

The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people.

Andrew Mellon
- People
- Government
- Wealth
Every man wants to connect his life with something he thinks eternal.

Andrew Mellon
- Life
- Man
- Eternal
A nation is not in danger of financial disaster merely because it owes itself money.

Andrew Mellon
- Money
- Financial
- Nation
Prosperity of the middling and lower orders depends upon the fortunes and light taxes of the rich.

Andrew Mellon
- Rich
- Prosperity
- Depends