Mellon: An American Life

The first published biography of an American titan whose reach across industry, government, and philanthropy was unmatched. Since his death in 1937, Andrew Mellon has been acclaimed and reviled, ignored and rehabilitated. Now David Cannadine depicts in full this complex character whose busy life stretched from pre-Civil War Pittsburgh to East Coast corridors of power and the run-up to the Second World War. A brilliant and innovative banker, Mellon was an agent and a beneficiary of one of the greatest changes this country has ever undergone.

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Mellon: An American Life

The first published biography of an American titan whose reach across industry, government, and philanthropy was unmatched. Since his death in 1937, Andrew Mellon has been acclaimed and reviled, ignored and rehabilitated. Now David Cannadine depicts in full this complex character whose busy life stretched from pre-Civil War Pittsburgh to East Coast corridors of power and the run-up to the Second World War. A brilliant and innovative banker, Mellon was an agent and a beneficiary of one of the greatest changes this country has ever undergone.

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Mellon: An American Life

Mellon: An American Life

Mellon: An American Life

Mellon: An American Life

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Overview

The first published biography of an American titan whose reach across industry, government, and philanthropy was unmatched. Since his death in 1937, Andrew Mellon has been acclaimed and reviled, ignored and rehabilitated. Now David Cannadine depicts in full this complex character whose busy life stretched from pre-Civil War Pittsburgh to East Coast corridors of power and the run-up to the Second World War. A brilliant and innovative banker, Mellon was an agent and a beneficiary of one of the greatest changes this country has ever undergone.


Product Details

ISBN-13: 9781415932872
Publisher: Books on Tape, Inc.
Publication date: 10/03/2006
Edition description: Unabridged

About the Author

David Cannadine was born in Birmingham in 1950 and educated at the Cambridge, Oxford, and Princeton. He is the editor and author of many acclaimed books, including The Decline and Fall of the British Aristocracy, which won the Lionel Trilling Prize and the Governors' Award; Aspects of Aristocracy; G. M. Trevelyan; The Pleasures of the Past; History in Our Time; and Class in Britain. He has taught at Cambridge and Columbia and is now the Queen Elizabeth the Queen Mother Professor of British History at the Institute of Historical Research, University of London.

Read an Excerpt

THE PATRIARCH PRESIDES Father and Sons, 1855--73

Make your child a partner in your joys and sorrows, your hopes and fears; impart your plans and purposes; stand not on your dignity, but let yourself down to his capacity, if need be, and show your trust in him. You will be surprised to find how much a five or ten year old boy can understand of the ways of men, and how readily he will enter into your views. . . . I experienced the benefit of such training myself, and applied it in raising my own family with the most satisfactory results.
Thomas Mellon and His Times, p. 29

1

A THRIVING CAREER

Andrew Mellon was the sixth child of Thomas and Sarah Jane Mellon, but he was only the fourth to survive infancy. His two sisters were already dead, and although he would not long remain the youngest son, he grew up among brothers only, in what Burton Hendrick called a "eugenic" family.1 Only the fittest would survive. At the time of Andrew's birth, his eldest brother, Thomas Alexander was eleven: the next, James Ross, was nine: and Samuel Selwyn was two. The two elder boys were close in age and interests: Andrew and Selwyn soon became a second pair, as would Richard Beatty ("Dick" or "RB"), who was born in 1858 and named for one of his father's oldest friends, and George Negley, who arrived two years later and was named for his mother's uncle. Even depleted by two early and wrenching deaths, this was a large bourgeois family by the standards of the time. But it was very much a Scotch-Irish Presbyterian household, and while Andrew Mellon knew far more comfort and security than most Pittsburghers, the atmosphere was intense and serious, rather than joyful or easy. Although surrounded by a lush and bountiful garden, the house at 401 Negley was gloomy and forbidding inside. For Thomas Mellon disdained the vulgar ostentation which he feared was "common among those grown suddenly rich," whom he dismissed as the "shoddyocracy," and his house was devoid of the elaborate ornamentation, both inside and out, that would became popular among the local plutocracy in subsequent decades. The blinds were often drawn, and the interior was a drab amalgam of Brussels carpets, heavy draperies, and somberly papered walls, with no pictures of any artistic merit.2

This was the morose world of Andrew Mellon's boyhood, but unlike his surviving siblings, he would continue to inhabit it as an ever more solitary son until he was in his mid-forties. Sarah Jane Mellon was the presiding matriarch, and although Thomas Mellon wrote little about her in his autobiography, she was clearly a redoubtable woman for her time. She was not only rich but tough, having survived eight pregnancies between 1844 and 1860. More conventionally religious than her husband, she was responsible for getting the family to East Liberty Presbyterian Church on Sundays. She also oversaw the household, baking the bread and cooking many of the meals herself. There was a domestic staff of three, including an intimidating housekeeper, Mrs. Cox. On the day of Andrew Mellon's birth, the housekeeper instructed James Ross Mellon to convey the news to his grandmother, Barbara Anna Negley, who lived nearby, and she soon appeared bearing a willow basket full of yellow apples which perfumed the birth room.3 Andrew Mellon's earliest recorded recollection was another scene of purposeful feminine domesticity--which he disrupted. When two years old, he crawled beneath a table at which his mother and her sister were sewing, and began cutting the edges of the table cloth with a pair of scissors which had fallen to the floor. Given his...

Table of Contents

Preface     xi
Prologue: A Family in History     3
In the Shadow of His Father, 1855-1900
The Patriarch Presides: Father and Sons, 1855-73     27
The Family in Business: Boys and Banks, 1873-87     58
The "Mellon System" Inaugurated: "My Brother and I," 1887-98     89
The Great Leap Forward: Mergers and Matrimony, 1898-1900     123
Wealth's Triumphs, Fortune's Travails, 1900-1921
The Transition Completed: Family Man and Venture Capitalist, 1901-1907     155
The First Scandal: Separation and Divorce, 1907-12     186
Life Goes On: Business (Almost) as Usual, 1907-14     215
New Careers for Old: Single Parent, Aging Plutocrat, Emerging Politician, 1914-21     245
The Rise and Fall of a Public Man, 1921-33
Hard Times with Harding: Political Realities, Getting Started, Settling In, 1921-23     277
Better Years with Coolidge: Mellonizing America, Aggrandizing Himself, 1923-26     313
Carrying On with Hoover: Great Ideas to Great Crash, 1927-29     356
Triumphs amid Troubles: Fortune's Zenith, Russian Pictures, Pittsburgh Woes, 1929-31     395
"The Man Who Stayed Too Long": Depression, Departure, London and Back, 1931-33     435
Old Man, New Deal, 1933-37
His World Turned Upside Down: An Unhappy Homecoming, 1933-34     473
The Second Scandal: The"Tax Trial" and the National Gallery of Art, 1933-36     505
Beginnings and Endings: The Gallery Established, a Life in Its Fullness, 1936-37     546
Epilogue: A Fortune in History     583
The Mellon Family     622
A Note on Sources     625
Abbreviations for Notes     629
Notes     633
Acknowledgments     735
Index     739
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