| 00:00:52 |
none, -
THIS EVENING, IT IS A SINGULAR PLEASURE TO WELCOME DAVID CANNADINE. I HAVE TO SAY THIS, AMERICANS LOVE TO SAY THESE KINDS OF THINGS. HE IS THE QUEEN...
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| 00:01:20 |
Unidentified Speaker, -
THE TRUSTEES OF BRITAIN'S NATIONAL PORTRAIT GALLERY, AN INSTITUTION WITH MORE THAN A PASSING RELATIONSHIP TO THE SUBJECT OF HIS LECTURE THIS EVENING....
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| 00:01:36 |
Unidentified Speaker, -
HE HAS TAUGHT AT CAMBRIDGE AND AT PRINCETON IN THE UNITED STATES. -- OVER THE YEARS. HE IS THE AUTHOR OR EDITOR OF A DOZEN BOOKS INCLUDING THE DECLINE...
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| 00:04:43 |
Unidentified Speaker, -
IT'S A HUGE PLEASURE TO BE HERE. I'VE ALREADY TALKED A BIT ABOUT ANDREW MELLON AT THE OTHER END OF TOWN IN THE NATIONAL GALLERY AND OF COURSE THE...
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| 00:04:54 |
Unidentified Speaker, -
MELLON'S LIFE, AN AMAZING BEN FACTION TO THE AMERICAN PEOPLE BEFORE HE DIES. AN EXTRAORDINARY STORY WHICH I DON'T PREFER
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| 00:05:03 |
Unidentified Speaker, -
TO TELL YOU THIS EVENING BECAUSE I TOLD IT AT THE GALERITHV IF YOU WANT TO TIDECTIONV OUT YOU COULD READ IT ON THE BOOK. I SUPPOSE IF YOU ASK QUESTIONS,...
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| 00:11:26 |
Unidentified Speaker, -
ON ANY OTHER SUBJECT, IS ACTUALLY THE FIRST PART OF THIS, THAT IS TO SAY THE BUSINESS LIFE PARTLY BECAUSE IT IS MOST OF WHAT MELLON DOES UNTIL HE'S...
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| 00:18:03 |
Unidentified Speaker, -
I QUOTE FROM ANOTHER MELLON, HEAVY IMPERFECT TUESDAY TO ACQUIRE AND SUCCEED. THAT WAS THE ETHOS OF THE PLACE. THOMAS MELLON WAS DETERMINED HIS SONS WOULD...
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| 00:20:42 |
Unidentified Speaker, -
A WELL ROUNDED PERSON PERSONALLY AND INTELLECTUALLY
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| 00:20:46 |
Unidentified Speaker, -
THAN HIS FATHER WAS. BUT HE WAS BRILLIANTLY SUCCESSFUL AT BUSINESS. AND WHAT MELLON SEES MORE CLEARLY, MORE IMAGINATIVELY THAN ANYONE ELSE -- HE HAD...
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| 00:24:46 |
Unidentified Speaker, -
BY 1921 HE WAS WORTH ABOUT $105 MILLION. BY 1930, THE PEAK OF HIS FORTUNE, HE WAS WORTH ABOUT $160 OR $170 MILLION. IT WAS DIFFICULT FOR HIM TO CALCULATE...
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| 00:30:00 |
Unidentified Speaker, -
OF GOVERNMENT INTERVENTION, HE DID NOT LIKE TRUST BUSTING, AND HE LOATHED ORGANIZED LABOR. AND THERE WAS OF COURSE THIS FAMOUS CONFRONTATION IN PITTSBURGH...
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| 00:33:25 |
Unidentified Speaker, -
IMPORTANT FIGURES. AND TODAY ESSENTIALLY HELPED GET MET ON THE SECRETARISHIP OF THE TREASURY. THIS
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| 00:33:34 |
Unidentified Speaker, -
IS A DRESS REHEARSAL, BUT NOBODY KNEW AT THE TIME, MELLON WAS NOT HAPPY WITH PRESIDENTIAL POLITICS FROM THEODORE ROOSEVELT THROUGH TO WOODROW WILSON....
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| 00:34:30 |
Unidentified Speaker, -
FEDERAL RESERVE BOARD, AN EARLY ATTEMPT TO REGULATE BANKING, MELLON DIDN'T THINK BANKING SHOULD BE REGULATED. IT WAS UNDER WILSON IN THE ATTEMPT TO...
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| 00:35:41 |
Unidentified Speaker, -
THE WILSONIAN ERA IS DISCREDITED AND IT'S TIME FOR A CHANGE. HARDING WINS THE NOMINATION AND THE ELECTION, AND HE IS LOBBIED VERY HARD BY THE TWO PENNSYLVANIA...
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| 00:37:44 |
Unidentified Speaker, -
BUSINESS OF AMERICA IS BUSINESS, CALVIN COOLIDGE IS FAMOUS FOR. WHAT
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| 00:37:51 |
Unidentified Speaker, -
MELLON IS TO DO IS SORT OF DOMESTIC MESS AND INTERNATIONAL MESS LEFT IN THE AFTERMATH OF THE FIRST WORLD WAR, GET THE DEBT DOWN ON THE BASIS OF TRADABLE...
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| 00:42:24 |
Unidentified Speaker, -
FROM MARCH 1932 TO MARCH 1933. HE LOVED IT. HE HAD A GREAT TIME. HE TOOK ALL HIS PICTURES THERE. HE SECURED AN MAZING NEW BUSINESS DEAL FOR GULF OIL,...
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| 00:43:50 |
Unidentified Speaker, -
DIDN'T HAVE THE EFFECT OF THE GREAT DEPRESSION AND AT LEAST JIM POWELL, IN
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| 00:43:57 |
Unidentified Speaker, -
HIS BOOK ABOUT FDR, SAYS FDR AND HOOVER BOTH MADE THE GREAT DEPRESSION WORSE. >> WELL, I MEAN, I SUPPOSE THE MAIN POINT I WANT TO MAKE IS THAT ONE OF...
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| 00:44:25 |
Unidentified Speaker, -
WASN'T ENOUGH TO DO ANYTHING. THE BANKING SYSTEM WAS UNREGULATED WHICH MAY OR MAY NOT HAVE BEEN A GOOD THING. BUT IT MEANT MELLON COULDN'T DO ANYTHING...
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| 00:47:17 |
Unidentified Speaker, -
CHURCH IS WHERE THE MELLONS HAD WORE SHIPPED FROM THOMAS MELLON'S TIME ON TO THE TIME THEY SETTLED IN PITTSBURGH. AND IN THE LATE 1920s, EARLY 1930s,...
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| 00:47:32 |
Unidentified Speaker, -
CHURCH WAS BUILT BY THE MAN WHO DID THE CAMPUS AT YALE. THIS WAS THOUGHT THIS WAS THEIR WAY OF HEDGING THEIR BETS TO GET TO HEAVEN. [LAUGHTER] >>...
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| 00:48:00 |
Unidentified Speaker, -
BOWLING ALLEY AND GYMNASIUM. THEY WERE GOING TO PUT A POOL IN ORIGINALLY, BUT THE YMCA WAS ACROSS THE STREET SO THEY DECIDED TON DO THAT. IT WAS THE CENTER...
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| 00:48:17 |
Unidentified Speaker, -
I WRITE A COLUMN CALLED THE BEARS LAYER. ISN'T IT INTERESTING WITH BRITAIN
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| 00:48:33 |
Unidentified Speaker, -
AND THE UNITED KINGDOM YOU HAD NEVILLE CHAMBERLAIN, A SUCCESSFUL BUSINESSMAN, AND HE USED UNORTHODOX METHODS, ALTHOUGH BRINGING IN A MODEST TARIFF,...
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| 00:48:48 |
Unidentified Speaker, -
HAD DROPPED FOR THE CIVIL SERVANTS COULD EARN LESS. IF YOU LOOK AT THE NUMBERS, HE GOT OUT OF THE GREAT DEPRESSION A GREAT DEAL QUICKER. BRITAIN WAS...
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| 00:49:21 |
Unidentified Speaker, -
WITH HIS TAX BASE IRONICALLY. THE GREATEST INCREASE IN TAXES IN TERMS OF BRINGING MORE PEOPLE IN TO PAY, BECAUSE THE MAJORITY OF PEOPLE IN AMERICA...
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| 00:50:24 |
Unidentified Speaker, -
MELLON'S PURCHASE OF THE HERMITAGE PICTURES. IT IS ONE OF THE MOST AMAZING EPISODES IN HIS CAREER. HE DECIDED FROM 1927 TO 1928 HE IS GOING TO FUND...
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| 00:50:43 |
Unidentified Speaker, -
THE ART DEALER IS VERY IMPORTANT IN PERSUADING MELLON TO DO THAT. IF YOU LOOK AT MELLON'S PATTERN OF BUYING PICTURES, IT GOES INTO A MUCH HIGHER GEAR...
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| 00:52:40 |
Unidentified Speaker, -
WAS THE MOST REMARKABLE DEAL. HE BOUGHT 21 PICTURES FOR $7 MILLION. AND, OF COURSE, LIKE THE COMMUNISTS, HE WANTS TO KEEP IT QUIET. THEY DON'T WANT...
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| 00:53:36 |
Unidentified Speaker, -
VERY STRAPPED FOR CASH. AND MELLON PLAYS WITH THEM AND PLAYS THEM OFF AGAINST EACH ANOTHERV ON OCCASIONS EVEN LENDS THEM MONEY. THEY ARE VERY WELL...
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| 00:54:41 |
Unidentified Speaker, -
DEPICTION OF HIS FATHER AND THE CULTURE OF THAT FAMILY WAS THE BEST PART
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| 00:54:46 |
Unidentified Speaker, -
OF THIS WONDERFUL TALK. THAT WAS SO WELL DONE. AND I AM CURIOUS TO GO A LITTLE MORE INTO THE ART SIDE OF
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| 00:54:54 |
Unidentified Speaker, -
THIS ENORMOUSLY COMMERCIAL MAN. WHEN HE
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| 00:54:56 |
Unidentified Speaker, -
WAS BUYING THE PICTURES, WAS IT SOME SORT OF SOUPED UP COMMERCIAL VENTURE, MAKE MONEY ON ART? OR DID HE HAVE A TRUE ART SENSIBILITY? AND IF SO, WHERE...
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| 00:55:45 |
Unidentified Speaker, -
IT'S NOT WHOLLY
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| 00:55:48 |
Unidentified Speaker, -
A TYPICAL GOTHIC HORROR SHOW. THE GREAT FOUNDER, I ANDREW THINKS THE SON IS A DISAPPOINTMENT. AND THIS IS, YOU KNOW, ROTHCHILD, GET -- GETTY, YOU CAN...
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| 00:58:30 |
Unidentified Speaker, -
SAID EARLIER, THE CREATION OF A GALLERY IS THE FINAL GREAT DEAL AS AN ENABLER. IT IS THE ALCOA GULF MOBILE. HE SAYS HERE'S MY MONEY FOR A BUILDING,...
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| 01:01:41 |
Unidentified Speaker, -
JUST ANYBODY? >> YES, I THINK THAT WHOLE SIDE OF MELLON IS ONE WHERE ONE WOULD LOVE TO KNOW MORE.
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| 01:01:52 |
Unidentified Speaker, -
ALMOST NOTHING IS WRITTEN DOWN. YOU KNOW THE
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| 01:01:55 |
Unidentified Speaker, -
LATE 1930s IS AND A MAJOREROR OF RENOVATION. IT IS IN VATEORS IN
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| 01:02:03 |
Unidentified Speaker, -
WESTERN PENNSYLVANIA. HE DOES IT RATHER WELL. I THINK THIS SORT OF TOOK ON A LIFE OF ITS OWN AFTER ONE OR TWO OF THESE. MELLON DOES GET A REPUTATION...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.