Word: pittsburgher
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Dates: during 1960-1969
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Germany's Ruhr, the great Pittsburgh and Ohio Valley complex, Russia's Do nets Basin - the areas where vast resources and power combine-long ago made their fabulous mark. Another of the world's great areas, in the eyes of geopoliticians, is just beginning to touch its potential. It sprawls, bigger than France, in Brazil's temperate heartland (see map). It is called Minas Gerais (pronounced mee-nesh jer-aye-eesh). However exotic the words sound in Portuguese, they simply mean General Mines-a most pedestrian description of a land of beauty and wealth...
...collection belongs to Paul Mellon, the son of an English mother, a graduate of Yale and Cambridge, and (by inheritance from his famous father, Pittsburgh Financier Andrew Mellon) a collector of taste and sensitivity. From 1907 until 1914, Paul Mellon spent almost every summer in Britain, still remembers "laughing ladies in white with gay parasols, men in impeccable white flannels and striped blazers, and always behind them, behind everything, the grass was green." He developed a taste for fox hunting, for racing and for thoroughbreds; when in 1936 he bought his first 18th century English painting, it was a picture...
Chrysler's announcement last week that its auto sales are running 48.2% ahead of last year pleased nobody so much as a Pittsburgh coal executive, George Hutchinson Love, 62. Coal and cars may be far apart, but Love's aptly named Consolidation Coal Co. is now Chrysler's largest shareholder with a 7.3% interest that Love is steadily increasing. Since 1961, Consol has pumped $45 million into Chrysler from profits piled up in 20 years of profitable Love management; the value of this investment has jumped to $86 million. Love himself has become chairman of both Consol...
...called "Cupey" by some friends because of his bald head and cherubic face, George Love never set out to be coalman or auto magnate. After Princeton and Harvard Business School, he became a bond salesman in Chicago and St. Louis, but left to run three family coal mines outside Pittsburgh. He did well enough to be offered a Consol job by George Humphrey, who was then heading Consol for its principal shareholder (now 21%), M. A. Hanna Co. Love succeeded Humphrey as president, in 1945 forged together the best of Consol and the best of Pittsburgh Coal (a Mellon interest...
...borrowed from Shakespeare to dismiss Love as "a liar by the clock." Love good-naturedly responded by asking Lewis for one of his eyebrows to use as a toupee. Eventually Lewis backed down, and today the two old antagonists are friends. Hanging from the wall of Love's Pittsburgh office is an unlikely trinity of photographs: George Humphrey, U.S. Steel's late Ben Fairless and John L. Says Love: "I like to say that I made an enlightened labor leader out of John. And he likes to say that he made...