Word: ailsa
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Dates: during 1930-1939
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Died. Archibald Kennedy, Marquess of Ailsa, 90, Scottish shipbuilder and landowner; in Maybole, Ayrshire, Scotland. In 1930 the Marquess bought St. Kilda's Island, one of the Hebrides, ordered the inhabitants to evacuate it, said he would never again permit it to be settled because of its barrenness...
Were not the holding companies by which he transferred about half of his $200,000,000 fortune to his son Paul and daughter Ailsa merely devices for escaping inheritance and gift taxes...
...Mellon declared he almost refused to become Ambassador to the Court of St. James's because of his desire to see Daughter Ailsa Mellon Bruce well provided for during his lifetime...
Frequently mentioned in the testimony as nominal directors of the Mellon holding companies were Son Paul Mellon, 27, last week honeymooning in Europe, and Daughter Ailsa Mellon Bruce, thirtyish, last week shuttling between Pittsburgh & New York. In one of the after-session, off-the-record receptions which Mr. Mellon and his handsome son-in-law David K. E. Bruce held almost every day for newshawks, the frosty old financier tried to warm up by explaining that Daughter Ailsa had named her personal holding company Ascalot "because people ask a lot." Then, as the newshawks tittered, he added gravely: "That...
...declined. Created by Mr. Mellon in 1929 as a private holding company, Coalesced Co. is an interesting family treasure chest which Government counsel asserted to be nothing but a tax-dodging device. Its voting but non-dividend-paying common stock is shared equally by Son Paul Mellon and Daughter Ailsa Mellon Bruce. Its dividend-paying preferred stock Papa Andrew kept for himself...