Word: mellone
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Dates: during 1930-1939
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...Standard Oilman Henry Huttleston Rogers in the days of Roosevelt I (TIME, Dec. 16, 1935). In Manhattan, Adrian Hoffman Larkin, Virginian Board Chairman and trustee of the Rogers estate, laconically announced that 75% of the Virginian's common stock had been sold to interests identified with Andrew William Mellon. The consideration, said Mr. Larkin, was in excess of $31,000,000. Actual purchaser was a group headed by Koppers Co., Eastern Gas & Fuel Associates and First Boston Corp. The presence of First Boston (see p. 52) irr what was otherwise a pure Mellon deal could be explained...
Three days before Christmas the "Greatest Secretary of the Treasury since Alexander Hamilton" sent a letter to President Roosevelt by way of his uncle, Chairman Frederic A. Delano of the National Capital Park and Planning Commission: "Over a period of many years," said 81-year-old Mr. Mellon, "I have been acquiring important and rare paintings and sculpture with the idea that ultimately they would become the property of the people of the United States." His paintings and sculpture, said Mr. Mellon, included valuable purchases from Leningrad's Hermitage Museum, a fact he had long denied. There was also...
...this treasure Mr. Mellon six years ago started to put into an irrevocable trust, so that his heirs would not be responsible for inheritance taxes on it. He now proposed that the Government or the Smithsonian Institution take over the collection as a "nucleus" for an institution to be called "The National Art Gallery." He proposed the erection of a gallery on Washington's Mall, on plans for which he had set Architect John Russell Pope working a year ago. For constructing the gallery, Mr. Mellon offered the sum of $9,000,000, promised an endowment fund for maintaining...
...President then invited his Republican predecessor's Secretary of the Treasury to call on him to discuss details of the transfer. Mr. Mellon did so, leaving behind a nine-point program for running the gallery, most emphatic of which was that "no acquisitions shall be made . . . except objects of a similar high standard of quality to the present collection...
Born, To Banker Paul Mellon, 29, son of art-collecting Andrew William Mellon (see p. 41); and Mrs. Mary Conover Brown Mellon, 32; a daughter, their first child; in Pittsburgh. Name: Catherine...