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Andrew William Mellon

1911 Encyclopedia Britannica

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"ANDREW WILLIAM MELLON (1855-), American banker and public official, was born in Pittsburgh, Pa., March 24 1855. After graduating from the university of Pittsburgh he entered the banking house of Thomas Mellon & Sons and later became a partner. The business developed into three strong institutions, the Mellon National Bank, the Union Trust Company, and the Union Savings Bank, all of Pittsburgh. Mr. Mellon was elected president of the first mentioned in 1902, and was vice-president of the other two. In the 'eighties he was interested in the development of the coal, coke and iron industry of Western Pennsylvania and was often associated in various enterprises with Henry C. Frick. He founded the town of Donora, Pa., and established a large steel mill there. He built the first independent pipe line, in competition with the Standard Oil Co., through Pennsylvania. He was a director in numerous corporations, and was a conservative Republican, opposing the League of Nations. In 1921 he was appointed Secretary of the Treasury in the Cabinet of President Harding.