Word: mellone
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Dates: during 1930-1939
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Back in the U. S. the alert Bowman went into the coffee-roasting business, impulsively sold out when it occurred to him that candy lozenges like Life Savers would be a great success if flavored with coffee. Intending to work out his idea at the Mellon Institute of Industrial Research in Pittsburgh, he was surprised to learn that it had been tried before, was hopeless. But Bowman was getting nearer to his destined specialty. On his way to Detroit to take a job in an automobile plant, he met a chewing-gum salesman who was working the ''butcher...
...Great Depression of 1929 caused men to doubt the merit of all Andrew Mellon's fiscal works and most of all his tax policy in which the reduction of high surtaxes on big incomes was a prime tenet. To the Mellon mind taxation was simply a device for raising revenue. As a businessman he knew it unwise to charge more than the traffic would bear and it was his theory that high surtaxes reduce revenue by driving capital to take refuge in tax-exempt bonds and other devices for avoiding taxes...
Less than 24 hours after the death of Andrew Mellon (see p. 12), whose $9,000,000 art gallery for the city of Washington he had designed, Architect John Russell Pope died last week in Manhattan. The New York Times and Herald Tribune carried eulogistic editorials, at once praising and commemorating the era of U. S. architecture in which Pope ranked as a master...
...Internationalism, whose father was Frank Lloyd Wright, whose grandfather was Louis Sullivan. While that style was coming of age in the last decade, Architect Pope made Yale Neo-Gothic, Dartmouth Neo-Georgian, designed the grandiose mass of the Archives Building in Washington, adapted Rome's Pantheon for the Mellon gallery and again for the proposed Jefferson Memorial (TIME, April...
...estate estimated at $200,000,000 to $300,000,000 which Andrew William Mellon left last week in his educational and charitable trust (see p. 12) may become the world's greatest philanthropic enterprise, but until it gets under way the greatest will continue to be the Rockefeller Foundation. According to the latest balance sheet, made public last week in the Foundation's annual report for 1936, it had assets of $185,000,000 of which $151,459,000 has still been unappropriated...