SECURITIES: Blue Chips

Filed in Pittsburgh last week was an inventory of the estate of Andrew Mellon. In 1931 "the greatest Secretary of the Treasury since Hamilton" had an admitted $205,000,000. But he gave $68,000,000 to his children as a 1931 Christmas gift, $35,000,000 to charity, his $50,000,000 art collection to the U. S., vast other sums to favorite Mellon projects like the University of Pittsburgh. At his death only $37,000,000 remained, all of which (except for $180,000 to domestic servants) he willed to his charity outlet, the A. W. Mellon Educational & Charitable Trust....

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