Word: mellons
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Dates: during 1940-1949
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...through all of that growth and most of the city's history, like a golden strand, ran the name of Mellon...
...strand began in the middle of the 19th Century when Thomas Mellon left his father's farm at nearby Poverty Point and on Smithfield Street hung out his shingle as a lawyer. He knew all the laws on foreclosures and he traded in other men's recklessness. In 1870 he had founded T. Mellon & Sons and had gone into private banking. Into this enterprise went two of his shrewdest sons-Andrew William and Richard Beatty...
...Moneymakers. Henry Clay Frick came to T. Mellon & Sons for a loan one day. Thomas' son Andrew eyed him up & down. That day began an association which was to last for 42 years. Nothing and no one was too big for H. C. Frick. He armed his agents with coke forks, kitchen knives and flintlocks and subdued his rebellious labor. He turned on the great Andrew Carnegie himself and fought a battle for power which ended in the mergers that became U.S. Steel Corp...
...Thomas Mellon faded into senility and Andy and R.B. ran the show. Andy-shy, diffident, frail, and pale-eyed, fingering his thin cigars; R.B.-hearty, affable, horsy, married to Jennie King, a lively lady who wore a red wig-two brothers quite unlike in most respects but exactly alike in their acquisitiveness and the accuracy of their financial calculations...
They formed the Union Transfer and Trust Co. in order to integrate their expanding corporate interests (coal, aluminum, steel, glass, insurance, realty, street railways). Out of the Union Trust grew the Mellon National Bank. And out of it all came the wealth of the Mellons. In 1933, the affable R.B. died; in 1937, Andy...