Word: mellons
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Dates: during 1950-1959
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With six of the seven Goldschmidt paintings bought for U.S. collectors, the experts began guessing for whom the dealers were fronting. Hottest rumor: the record-breaking Cezanne and two Manets had been bought for Philanthropist Paul Mellon. Eventual destination: the National Gallery, Washington...
Died. Alan Magee Scaife, 58, Pittsburgh industrialist and serviceman in both world wars, board chairman of Scaife Co., president of the board of trustees of the University of Pittsburgh, fellow of Yale University's Yale Corporation; of a myocardial infarction; in Pittsburgh. Marrying Sarah Mellon of the banking Mellon family, Scaife stayed with his family firm, became a vice president of T. Mellon & Sons, and member of a dozen big corporate boards, was one of the civic leaders who helped carry out the postwar redevelopment of the city's famed Golden Triangle...
Yale, the U.S.'s second richest private university (first: Harvard), announced plans to raise $140,000,000 within the next decade, then in the next breath, told of a windfall already harvested. The gift: $15 million from the Old Dominion Foundation established by Financier Paul Mellon. Yale '29. It will be used to strengthen the residential college system, add two new colleges. Architect for preliminary site and design studies: Eero Saarinen...
...what bankers fail to explain, and what borrowers-who find the cost of money too high-find irritating, is that bank profits are still rising despite all the wailing about zooming costs. Last week Manhattan's First National City Bank, Manufacturers Trust and Mellon National Bank & Trust all reported first-quarter earnings sharply higher than last year, up as much...
Last week the Mellon arm was still there, all three Pittsburgh newspapers had endorsed his reelection, the machine was rolling, and Dave Lawrence was on the way to a fourth term. There were few who would say him nay, despite such displays of untidy municipal housekeeping as potholes in the streets and frequent scandal in the police department. For King David, on behalf of bosses everywhere, had tested a new proverb and proved its wisdom: in time of prosperity one towering skyscraper is the equivalent of 7,000 city jobs...