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...nearly half a century. His father made him responsible for loans in the Mellon bank while he was still in his 'teens. Before he was 30, he was charged with administering his father's whole considerable estate. Thereafter he ruled and expanded an industrial empire constructed of steel, railways, oil, coal, electricity, insurance, ships, bridges, plate glass, aluminum. In 1920, this empire of Mellonia was dominant in a sphere of industries with some...

Author: /time Magazine | Title: National Affairs: Res Publicae | 5/28/1928 | See Source »

...Manchester, last week, and spoke words of chastening counsel. Addressing a potent luncheon group of Lancashire cotton tycoons he pointedly intimated that the capital structures of many of their firms are topheavy and must be scaled down. As he often does, Mr. Baldwin took his text from the iron & steel industry which is the basis of his family fortune, and spoke with a certain rugged candor thus: "I am going with my own trade, the steel trade, through deep waters. Most of what I had was in that industry, and for every shilling I had when I took office...

Author: /time Magazine | Title: Foreign News: Baldwin's Pennies | 5/28/1928 | See Source »

...Loan Association of Boston. And one of its Directors, George Fisher Baker Jr. 51, is the only man in the U. S. who sits on the Boards of four of the country's eleven billion-dollar corporations. His are General Electric, General Motors, A. T. & T., U. S. Steel. In that bridge-like respect he is the most potent U.S. financier...

Author: /time Magazine | Title: Business: G. E. | 5/21/1928 | See Source »

...father, George Fisher Baker, sits on three billion-dollar boards?A.T.&T. New York Central, U. S. Steel. His father's close financial associate, Myron Charles Taylor, is also on three, New York Central, U. S. Steel, Atchison Topeka & Santa...

Author: /time Magazine | Title: Business: G. E. | 5/21/1928 | See Source »

...newly-enacted Alien Property bill (War claims), was replaced as board chairman by Joseph Holton Defrees, Chicago lawyer. The four vice presidents are: President Alfred J. Brosseau of Mack Trucks (Manhattan), President Robert R. Ellis of the Hessig-Ellis Drug Co. (Memphis), President Robert Patterson Lamont of American Steel Foundries (Chicago), Vice President Paul Shoup of the Southern Pacific Co. (San Francisco...

Author: /time Magazine | Title: Business: The Chamber | 5/21/1928 | See Source »

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