Richard Beatty Mellon

http://en.wikipedia.org/wiki/Richard_B._Mellon

Richard Beatty Mellon (March 19, 1858 – December 1933), sometimes R.B., was a banker, industrialist, and philanthropist from Pittsburgh, Pennsylvania (adjusted wealth $103 billion).

He and his brother, Andrew W. Mellon, another son of Judge Thomas Mellon, were frequent business partners. Richard served under Andrew at Mellon Bank, and assumed its presidency in 1921 when Andrew was appointed Treasury Secretary. They also made several joint philanthropic gifts, notably several large donations to their alma mater, the University of Pittsburgh, including the establishment there of the Mellon Institute of Industrial Research in memory of their father, which is now a part of Carnegie Mellon University.

R.B. served from 1899–1910 as president of the Pittsburgh Reduction Company, renamed the Aluminum Company of America (Alcoa) in 1907, and was heavily invested in the Pittsburgh Coal Company, today part of CONSOL Energy, where he clashed with John L. Lewis and the United Mine Workers. Later, he was instrumental in forming Mellbank Corporation, a bank holding company, which helped the affiliated banks weather the Great Depression.

In 1918, R.B. Mellon organized the Citizens' Committee on City Plan, which sought to improve Pittsburgh through better urban planning and zoning. In honor of his civic efforts, the Air and Waste Management Association recognizes individuals who have made administrative, legislative, and judicial contributions to the field of pollution abatement with the Richard Beatty Mellon Award.

Mellon's philanthropic gifts were primarily church-oriented. In 1926 he established a $15 million pension fund for Presbyterian ministers. He and his wife Jennie Taylor King were the major donors to the Cathedral of Hope, the new home for the East Liberty Presbyterian Church, which they and their parents had attended. He died before the new building was completed, however, in December 1933. The $13.3 million in taxes paid on his estate enabled the state to meet its payroll.

In 1931, R.B. Mellon along with C.C. Macdonald assumed control of Idlewild Park in Ligonier, Pennsylvania. He was the founder of the Rolling Rock Club.

His children Sarah Mellon and her younger brother Richard King Mellon were heirs to the Mellon fortune, alongside their cousins Paul Mellon and Ailsa Mellon-Bruce.

American banker, industrialist, and philanthropist. He was originally interred in the Allegheny Cemetery (Lot: 1943, Grave: 1) in Pittsburgh, Pennsylvania, but he and his wife were disinterred in 1943 and reinterred in the Trinity Memorial Chapel at East Liberty Presbyterian Church which was erected and dedicated in their honor on January 18, 1944. He and his wife were major donors of the church.

From the History of East Liberty Presbyterian Church:

"On January 18, 1944, the congregation erected and dedicated to the memory of Richard B. and Jennie King Mellon the Trinity Memorial Chapel in which their bodies rest."* Reference: Find A Grave Memorial - SmartCopy: Mar 21 2024, 9:28:16 UTC