America's Road to Wealth

Chapter 23 The Mellon Family



The Woolworth Building is already an old building.

This building was built in 1913 and has a history of 87 years.

The building was financed by Frank W. Woolworth, founder of the Fifty and Dime grocer.

With a total height of 57 floors and a Gothic exterior, it looks a bit like the Empire State Building.

The Empire State Building is taller, bigger, and a symbol of New York.

The Woolworth Building was not so lucky. It was the tallest building in the world when it was first built.

After being the tallest building in the world for thirteen years, this title no longer belongs to it.

Same with many other old companies or buildings.

The builders of the Woolworth Building are the Woolworth family.

Today, the property rights of this building are no longer owned by the Woolworth family.

The current ownership of the building.

12% is owned by Merrill Lynch,

28% is owned by Goldman Sachs,

30% owned by Wells Fargo,

About 10% is owned by minority shareholders.

The remaining 20% ​​stake is owned by Abel Smith.

This is why Smith Capital will work in this building.

Because part of this building itself belongs to its boss.

The shares of these Woolworth Buildings were acquired in May of this year.

Abel bought it from two banks and cost him 300 million dollars.

In other words, the current Woolworth Building is worth almost $1.5 billion.

In fact, the building itself is worthless. What is valuable is the land and its historical and cultural value.

The 87-year-old skyscraper is old, if not dangerous.

It and many other buildings of about the same period have become one of the historic buildings in New York in 1995.

That is to say,

Even if someone bought the entire Woolworth Building with full capital.

It is not allowed to tear it down and rebuild it.

Because this is a historically protected building.

Of course,

If this person can get through the city council and other relevant relationships and get approval.

Even if it is the Empire State Building, you can push it as much as you want.

Smith Capital is located on the 33rd floor, and this is the only company on the entire floor.

The area of ​​this floor is 8,000 square feet, probably less than 800 square meters.

During the day, all employees are on time.

It can accommodate 120 Smith Capital employees and work here.

now it is night,

Most of the employees are off work.

But just like there are security guards at the door, there are also people working in the company.

After entering the company,

Abel knew the way, and soon came to the company's Safe House, which is a safe house.

A safe house is a house specially arranged by many financial companies.

Financial operators who enter the safe house will have all their communication tools confiscated, and their entire body will undergo a security check.

After entering, you are not allowed to leave before the work is over.

During the period of their trading.

There are professionals every day, preparing food, cleaning, and other cleaning tasks for them.

The job of these operators is to follow instructions and operate or stare at certain investment targets for a period of time.

Smith Capital's safe house, which has eight staff members, has been in it for a week.

These guys got in there long before he went to Texas.

Outside the safe house, there are also four security guards.

Except for those who are allowed, they can enter and exit freely.

others wait,

Whether it's the people inside or the people outside.

No entry or exit is allowed.

In addition to the four bodyguards, when Abel arrived, there was a blond man in his thirties lying on the sofa outside.

The blond white man was lying on his stomach, sleeping soundly.

After Abel came in, he didn't enter the safe house.

He walked directly to the sofa, raised his hand, and aimed at the blond man who was sleeping soundly on the sofa.

There was a loud pop.

A slap in the face,

Smack the blond white guy in the ass.

FXXK! the FXXK!!! \u0026 %*.

There was a swearing in English, and I was hit hard in my sleep.

The blond-haired white man jumped up from the sofa all of a sudden, grinning.

When he saw clearly that the person who hit him was the smiling Abel.

This guy stopped speaking foul English, rubbed his butt, and complained:

FXXK! Can't you be gentle?

I just dreamed about Marilyn Monroe and was about to be happy with her when you woke me up! !

Abel said, Do you want to be happy with Monroe? It's simple. I'll send you to Xilin Village of Pierce Brothers.

The blond white man frowned:

Pierce Brothers Xilin Village? What do you mean? What does it have to do with Marilyn Monroe?

Abel glanced at him and ignored him, but let the bodyguard Edward who followed in said:

Edward, come and tell us, dear David, what is the relationship between Pierce Brothers Xilin Village and Monroe.

Um... The corner of the bodyguard Edward's mouth twitched, and he looked at David with curious eyes.

He said helplessly:

The relationship between the Pierce brothers Xilincun and Monroe is.

That's where the graves of Marilyn Monroe and many older Hollywood stars are located.

David Mellon was taken aback, and then called out FXXK.

Pierce Brothers Xilin Village is the name of a cemetery.

The full name is Pierce Brothers Xilin Village Memorial Cemetery, located in Los Angeles.

After the episode,

David Mellon, the general manager of Smith Capital, came to Abel in good spirits.

It's time, isn't it? Otherwise, it would not be easy for you to come to the company!!

Yes. It's time. Abel responded with a smile, and he looked at David Mellon.

David Mellon, by looking at his surname, he knows that he is related to the Mellon Consortium, one of the top ten consortiums in the United States.

David Mellon's great-grandfather was one of the protagonists in the famous nursery rhyme during the first Great Depression in the United States.

The content of this nursery rhyme is - Mellon blows the whistle, Hoover rings the bell. Wall Street sends out the signal, America rushes to hell!

The Mellon in this nursery rhyme refers to Andrew Mellon, the US Treasury chief at the time.

Great-grandfather of David Mellon, son of Andrew Mellon.

In other words, David Mellon is the son of Andrew Mellon's great-grandson.

In other words, David Mellon is now a member of the Mellon family.

It's just that the current Mellon family is no longer as scary as it used to be.

When the Mellon family was strong, Rockefeller, M Gen and the like had not yet risen.

But that was before.

The current Mellon family has long lost the status it once had.

Although the name of the Mellon Consortium is still called Mellon, in fact the Mellon family no longer occupies a dominant position and is just a part of the consortium.

And after more than 100 years of reproduction, there are now more than 200 direct descendants of the founder Thomas Mellon.

The collateral descendants are estimated to number in the thousands.

There is no main line left to occupy the wealth, and the wealth has been divided through so many generations.

There is no longer any Mellon that has much influence on the current United States.

Of course, the ancestors were once rich after all.

Although the current Mellon is not as good as before, there are still more than 200 direct members, and it is no problem to maintain a wealthy life.

Several relatively strong branches are still billionaires and part of the Mellon consortium.

For example, David Mellon, his branch still has some shares of Mellon Financial Corporation.

And his father also has a certain status in the Mellon consortium.


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