POST FOR MR. MELLON.

New Zealand Herald, Volume LXIX, Issue 21099, 5 February 1932, Page 9

POST FOR MR. MELLON.

AMBASSADOR TO BRITAIN. ACCEPTANCE OF OFFER. (Received February 4, 6.5 p.m.) Washington*. Feb. The President, Mr. Hoover, to-day asked the Secretary to the Treasury, Mr. .A. W. Mellon, to accept the post of United States- Ambassador to Britain in succession to Mr. C. G. Dawes. Mr. Mellon, after considering the offer, announced his acceptance of it. In announcing the appointment Mr. Hoover said: "The critical situation which is facing all countries in their international relations, and the manifold economic and other problems demanding wise solution in our national interests,, call for experience and judgment of the highest order." Mr. Ogden Mills, of New York, UnderSecretary to the Ireasury, will succeeed Mr. Mellon.

Mr. Andrew W. Mellon was born at Pittsburg in 1855. After graduating there he entered the banking house of Thomas Mellon and Son. a corporation which he developed into a vast financial concern, controlling coal, iron and -oil industries. The late President Harding appointed him Secretary to the Treasury in 1921. He has been very prominent in the international negotiations over the debts. He is old. very astute, and of very wide and deep financial acumen and experience and immensely ■wealthy. He had prior to 1921 taken no part at all in public affairs. He took over the vast business of the country's finances after the wartime confusion and straightened them out, not without some conflict and criticism in Europe, as recently with Mr. Winston Churcliiil over the war debt question.