William Larimer Mellon Sr. (June 1, 1868 – October 9, 1949),[3][4] sometimes referred to as W. L., was an American businessman who was active in Republican Party politics. A co-founder of Gulf Oil, he was a member of the prominent Mellon family of Pittsburgh, Pennsylvania.[5]
According to The Miami News, "Politically, Mellon was known as the 'field marshal' for the Mellon political forces in the days preceding the New Deal.[6]
Formative years and family
Born as William Larimer Mellon in Pittsburgh on June 1, 1868, William L. Mellon was a son of James Ross Mellon and Rachel Larimer. His father was the second son of Judge Thomas Mellon, and his mother was a daughter of railroad and land baron William Larimer Jr.[7]
During the early 1900s, William Mellon purchased the Vagabondia,[15] which was described by multiple news outlets as a "houseboat"[16] and by The Miami News as a "sleek black yacht." During one of his trips on the yacht in 1913, he engaged in alligator hunting.[17][18][19] The yacht later became a subject of frequent news reports when William's uncle Andrew W. Mellon and family began using it while Andrew was serving as the U.S. Secretary of the Treasury.[20][21]
Business and political career
During the 1880s, William L. Mellon developed an interest in the burgeoning petroleum industry in Pennsylvania,[22] but he switched his business interests to the construction and operation of railway systems before the end of the decade when his nascent oil company was bought out by John D. Rockefeller's Standard Oil in 1895.[23]
Still involved in railway construction when the Mellon family invested in an oil well in Spindletop, Texas after oil was discovered there in 1901, Mellon resumed his interest in the oil industry in 1902 when he was sent to Texas by the family to investigate why that well had begun to decline. He then took on a progressively larger role in management.
In January 1907, Mellon helped established the Gulf Oil Corporation,[24] which proceeded to build a pipeline from Oklahoma to Port Arthur, Texas; it was shipping Oklahoma crude oil to port by September.[25] Gulf Oil expanded steadily thereafter, becoming one of the largest oil companies in the United States.[26] William L. Mellon later became involved in Republican Party politics. During the fall of 1924, his name was in the news frequently as he testified during United States Senate hearings about potential political corruption. Known at the time as the Borah Committee hearings, these sessions were held to investigate expenditures of more than $3,451,000 that had allegedly been made by the Republican Party to influence voter opinions regarding various issues being debated at the federal level.[27] Mellon subsequently served as chairman of the Republican State Committee of Pennsylvania from 1926 to 1928.
In 1997, the W.L. Mellon Society was established in Mellon's honor within the Tepper School of Business at Carnegie Mellon University. Its mission is to encourage both individual and corporate matching gift donations to support the school's operations.[31]
Death, funeral and interment
Pre-deceased by his wife, Mary (Taylor) Mellon, William L. Mellon, Sr. died at home at the age of 81 at 2:00 p.m. on Saturday, October 9, 1949.[32] Funeral services were held at his family's home on Darlington Road in Pittsburgh. He was interred in the Homewood Cemetery.[33][34][35][36]
Resolution of his estate
Following Mellon's death, his children were mentioned repeatedly in multiple newspapers across the United States, in both reports about his death and in reports of the probate of his multi-million-dollar estate, which was ultimately divided equally between the four children.[37] In addition to ensuring that trust funds would be set up for each of his children in equal amounts after the payment of estate taxes, Mellon directed that $100,000 be given to the husband of his daughter, Rachel, and also arranged for $75,000 to be distributed among staff who were employed personally by Mellon at the time of his death.[38][39] By the time that Mellon's $23,186,736 estate was finally settled during the summer of 1954, his four children were awarded just $246,317 each because the estate's final value had been reduced to $6,149,922 net, following the payment of taxes and estate administration costs.[40]
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