Word: mellons
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Dates: during 1930-1939
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...Pittsburgh last week Andrew William Mellon—with the help of three Nobel Prize winners, 200 chemists, physicists and engineers most of whom hope to become factory executives, and some 1,500 bystanders-dedicated a project which he conceived when he tried to improve his French 28 years ago. His French, he told the throng last week, "is still what it was originally." But his conception has become a huge, new, nine-story, splendidly equipped factory for research...
...stark purpose of the Mellon Institute has been, since its origin in 1911, the hiring out of skilled chemists, physicists and engineers to industrialists who want to learn how 1) to cheapen their manufacturing costs, 2) to improve the attractiveness of their goods in quality, appearance or price, 3) to utilize waste products, 4) to invent new things...
...manufacturer who wants to accomplish anything within this frame gives a sum of money to the Mellon Institute. This finances what, in euphemistic imitation of university custom, is called a "fellowship." Director Edward Ray Weidlein of the Institute then hires one or more expert "fellows," tells them to get to work with any of the equipment in the $6,000,000 aluminum-trimmed establishment which Andrew Mellon and his late brother Richard provided. All the worker is bound to do is to give Mr. Weidlein a weekly report of progress. If a Mellon "research" ends profitably, the worker...
...friends has Aluminum Co. of America but some of the warmest are to be found among missionaries. The loyalty of this pious rooting section is as well-grounded in material interest as that of the Mellon family, which owns about one-third of Alcoa's stock. When Charles Martin Hall, inventor of the process which started the company on its monopolistic career, died in 1914, he left one-third of his $27,000,000 fortune to the American Missionary Society and another one-sixth for advancement of education in the Near and Far East...
...meantime Mr. Cummings had become chief prosecutor to the New Deal. Hardly was he well settled in Washington before the Department of Justice started to investigate Aluminum Co. of America and the income tax returns of the man who was supposed to dominate its affairs, old Andrew William Mellon...