Word: mellone
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Before he was old enough to vote, William Larimer Mellon decided that he had not been born to sit at a desk. He refused to finish school, was miserable as a shipping clerk. To curb his restlessness, staid Uncle Andrew Mellon assigned him some oil leases that had turned up in the course of some family deals. To them, William added scores of others. He built a refinery and pipeline, surprised his money-wise family by organizing an integrated oil business which he sold to the Rockefellers in 1895 for about twice what it cost...
After that, restless William knew what he wanted. When the Mellons picked up some more leases, he got his chance. He helped organize Gulf Oil Corp in 1907, became its president two years later. By 1929, Gulf under William Mellon had netted an average of $25 million a year for nearly a decade. Since then it has grown into the world's fourth largest oil producer (total assets: $839 million), with holdings scattered from Venezuela to the Middle East. For the first quarter of this year, the company reported a whopping profit...
Married. Paul Mellon, 40, onetime banker, horse breeder who races a stable of steeplechasers, son of Aluminum Tycoon Andrew W. Mellon; and Rachel ("Bunny") Lambert Lloyd, 37, daughter of drug (Listerine) and razor-blade (Gillette) Tycoon Gerard Barnes Lambert; each for the second time; in Manhattan...
...Foundation will consider renewal of the grant, which is the gift of Paul Mellon, next year, Clemens Heller 2G, executive secretary, added in reporting the donation...
Charley was a master of timing. He smothered bad publicity with good. The day the New Deal admitted defeat in its ill-fated attempt to have the Army fly the mail (ten pilots were killed), the Administration announced that Andrew Mellon would be investigated for income-tax evasion...