Word: pittsburgh
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Dates: during 1930-1939
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Late in 1931 Mr. Mellon sold to the Mellon-controlled Union Trust Co. of Pittsburgh 123,622 shares of Pittsburgh Coal Co., claiming for tax purposes a loss of more than $5,500,000. Exactly 118 days later Union Trust sold the shares to Coalesced Co. for the exact purchase price plus 6% interest and transfer taxes, even though the market value of the shares had since declined. Created by Mr. Mellon in 1929 as a private holding company, Coalesced Co. is an interesting family treasure chest which Government counsel asserted to be nothing but a tax-dodging device...
...midst of his act in a Pittsburgh theatre, Comedian Jimmy ("Schnozzle") Durante pranced off the stage, ran up an aisle, stopped at the seat of Mrs. Evelyn Loether, contractor's wife. Then, according to Mrs. Loether, he "seized her in an indiscreet manner. He made an unlawful, illegal assault upon her. . . . He put his arms around her neck and forced her head against his. He kissed her left cheek, slobbered on her face." Mrs. Loether "cowered in embarrassment" and, two days later, sued for $5,000 damages. Said Comedian Durante: "Aw, it's just one of those things...
...November another Mellon art story broke. The 79-year-old Pittsburgh multi-millionaire was supposed to be preparing to turn over all his pictures to a new public museum to be built either in Pittsburgh or Washington. Again Mr. Mellon came forth with a solemn, straight-faced denial...
...paintings eventually will be made available to the public. It is entirely unfounded that I have arranged to build an art gallery at Washington. I have engaged no architect, have caused no plans to be drawn and have made no commitments to build or endow a gallery at Washington, Pittsburgh or elsewhere...
...reported from Moscow but for $1,166,400, highest price ever paid for a single masterpiece. As long ago as 1931 he had started putting money into a trust fund to build a public art gallery in Washington. These facts were developed at a tax hearing in Pittsburgh last week (see p. 14). With the air of introducing a great patriot and generous patron, Frank J. Hogan, Mr. Mellon's astute Washington attorney, announced that his client had put $3,200,000 into his museum trust fund in 1931, that the Alba Madonna would go into that museum along...