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56-777: Mellon was opened in January 1870 by Thomas Mellon and his sons Andrew Mellon and Richard B. Mellon , as T. Mellon & Sons' Bank. In 1902, the institution became Mellon National Bank. Mellon Bank was an important force in the mass production revolution in the United States, especially in the Midwest . The Mellon family using the bank as a proxy had direct involvement with founding the modern aluminium, oil, consumer electronics and financial industries. Alcoa , Gulf Oil (now Chevron-Texaco), Westinghouse (now CBS Corporation and Siemens ) and Rockwell , all were directly founded and managed by

112-639: A farmer, he enrolled at the University of Pittsburgh , then known as the Western University of Pennsylvania, in October 1834, graduating in 1837. After graduation, he obtained work in a Pittsburgh law office, and became clerk for the Allegheny County prothonotary . He was himself admitted to the bar on December 15, 1838, and opened his own law firm, focusing on civil cases. On August 22, 1843, following

168-709: A few, but to millions.” Franklin subsequently completed Part Two while living in France in 1784. Part Three was authored in 1788–1789 after Franklin returned to the United States, and Part Four was authored by an ailing Franklin in the final stages of his life. The Autobiography remained unpublished during Franklin's lifetime. In 1791, the first edition appeared, in French rather than English, as Mémoires de la vie privée de Benjamin Franklin, published in Paris. This translation of Part One only

224-867: A four-year-old son to smallpox . Franklin's club, the Junto , grows and breaks up into subordinate clubs. Franklin becomes Clerk of the General Assembly in 1736 thus entering politics for the first time, and the following year becomes Comptroller to the Postmaster General , which makes it easier to get reports and fulfill subscriptions for his newspaper. He proposes improvements to the city's watch and fire prevention regulations. The famed preacher George Whitefield arrives in 1739, and despite significant differences in their religious beliefs, Franklin assists Whitefield by printing his sermons and journals and lodging him in his house. As Franklin continues to succeed, he provides

280-604: A fresh disagreement arose between the brothers, Franklin abandoned his brother, correctly judging that he will not produce the secret indenture papers. ("It was not fair in me to take this Advantage", Franklin comments, "and this I therefore reckon one of the first Errata of my life".) James Franklin, however, made it impossible for Franklin to get work anywhere else in Boston. Sneaking onto a ship without his father or brother's knowledge, Franklin headed for New York City , to work with printer William Bradford , but it turned out that Bradford

336-629: A long and frustrating courtship, he married Sarah Jane Negley, daughter of Jacob and Barbara and aunt of James S. Negley . Soon thereafter, he embarked on a long and successful legal career in Pittsburgh . In 1859, he was elected assistant judge of the Allegheny County Court of Common Pleas and on December 1 began a ten-year judicial career. Mellon invested the proceeds from his legal work shrewdly, buying up large portions of downtown Pittsburgh real estate. In late 1869, he decided to retire from

392-618: A memo from Franklin's noting that "The Affairs of the Revolution occasion'd the Interruption". The second part begins with two letters Franklin received in the early 1780s while in Paris , encouraging him to continue the Autobiography, of which both correspondents have read Part One. (Although Franklin does not say so, there had been a breach with his son William after the writing of Part One, since

448-1174: A notable invective in 1923 against the "middle-sized, sturdy, snuff-coloured Doctor Franklin," finding fault with Franklin's attempt at crafting precepts of virtue and perfecting himself. Many other readers have found the work's tone conceited, with its frequent references to the universal esteem Franklin claims to enjoy in virtually all times and places throughout his life. Franklin's repeated, highly specific references to his own pursuit of money has put off many readers. "Temperance. Eat not to dullness; drink not to elevation." "Silence. Speak not but what may benefit others or yourself; avoid trifling conversation." "Order. Let all your things have their places; let each part of your business have its time." "Resolution. Resolve to perform what you ought; perform without fail what you resolve." "Frugality. Make no expense but to do good to others or yourself; i.e., waste nothing." "Industry. Lose no time; be always employ'd in something useful; cut off all unnecessary actions." "Sincerity. Use no hurtful deceit; think innocently and justly, and, if you speak, speak accordingly." "Justice. Wrong none by doing injuries, or omitting

504-541: A picnic park, Idlewild . Additional land in the Ligonier Valley which he once owned is now the Rolling Rock Club . On January 5, 1882, he retired from day-to-day management of the bank's affairs, handing it to his 26-year-old son, Andrew . Under A.W. and R.B. 's management, Mellon Bank was by the end of the century the largest banking institution in the country outside of New York. He divested himself of most of

560-454: A preacher named Rev. Samuel Hemphill arrives from County Tyrone Ireland; Franklin supports him and writes pamphlets on his behalf. However, someone finds out that Hemphill has been plagiarizing portions of his sermons from others. However, Franklin rationalizes this by saying he would rather hear good sermons taken from others than poor sermons of the man's composition. Franklin studies languages, reconciles with his brother James, and loses

616-743: A record of an important early American and for its literary style. It is often considered the first American book to be taken seriously by Europeans as literature. William Dean Howells in 1905 asserted that "Franklin's is one of the greatest autobiographies in literature, and towers over other autobiographies as Franklin towered over other men." By the 1860s, use of the Autobiography and its depiction of Franklin's industry and relentless self-improvement had become widespread as an instructive model for youth. So much so that Mark Twain wrote an essay humorously castigating Franklin for having "brought affliction to millions of boys since, whose fathers had read Franklin's pernicious biography". D. H. Lawrence wrote

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672-413: A tallow-chandler shop, by industry, economy, and perseverance in self-improvement, to eminence, is the most remarkable of all the remarkable histories of our self-made men. It is in itself a wonderful illustration of the results possible to be attained in a land of unequaled opportunity by following Franklin's maxims. Franklin's Autobiography has received widespread praise, both for its historical value as

728-477: A tortuous publication history after Franklin's death, this work has become one of the most famous and influential examples of an autobiography ever written. Franklin's account of his life is divided into four parts, reflecting the different periods during which he wrote them. There are actual breaks between the first three parts of the narrative, but Part Three's narrative continues into Part Four without an authorial break. The work ends with events in his life from

784-467: Is raised by subscription for it and it expands so much that a new building has to be constructed for it. Franklin obtains other governmental positions ( city councilman , alderman , burgess, justice of the peace ) and helps negotiate a treaty with the Indians. After helping Thomas Bond establish a hospital , he helps pave the streets of Philadelphia and draws up a proposal for John Fothergill about doing

840-567: Is subsidized by Meredith's father, though most of the work is done by Franklin as Meredith is not much of worker and is given to drinking. Their first project was to launch a newspaper, but when Keimer hears of this, he rushes out a paper of his own, the Pennsylvania Gazette, a failure, which Franklin buys from Keimer and makes "extremely profitable". (The Saturday Evening Post traces its lineage to Franklin's Pennsylvania Gazette .) The partners also received an appointment as printers for

896-532: Is very brief. After Franklin and his son arrive in London, the former is counseled by Fothergill on the best way to advocate his cause on behalf of the colonies. Franklin visits Lord Grenville, president of the King's Privy Council , who asserts that the king is the legislator of the colonies. Franklin then meets the proprietaries (the switch to the plural is Franklin's, so apparently others besides Thomas Penn are involved). But

952-557: The Autobiography discusses "the Rise and Progress of [Franklin's] Philosophical Reputation." He starts experiments with electricity and writes letters about them that are published in England as a book. Franklin's description of his experiments is translated into French, and Abbé Nollet , who is offended because this work calls into question his own theory of electricity, publishes his own book of letters attacking Franklin. Declining to respond on

1008-584: The Mellon family of Pittsburgh . Mellon was born to farmers Andrew Mellon and Rebecca Wauchob on February 3, 1813, at Camp Hill Cottage, Lower Castletown, parish of Omagh, County Tyrone , Ireland. The original family house now forms the centrepiece of the Ulster American Folk Park Museum. His family had come into Ireland from Scotland and Holland around the middle of the seventeenth century. In 1816, his grandfather, Archibald Mellon, emigrated to

1064-544: The Pennsylvania assembly. When financial setbacks led to Meredith's father withdrawing his financial support of the paper, friends loan Franklin the money he needs to keep it in operation. The partnership amicably dissolved when Meredith relocated to North Carolina , and Franklin continued the business in his own name. In 1730, Franklin married Deborah Read, and after which, with the help of the Junto , he drafted proposals for Library Company of Philadelphia . Part One ends with

1120-557: The Yale University Press edition of The Papers of Benjamin Franklin ) improved on Bigelow's accuracy. In 1981, J. A. Leo Lemay and P.M. Zall produced The Autobiography of Benjamin Franklin: A Genetic Text, attempting to show all revisions and cancellations in the holograph manuscript. This, the most accurate edition of all so far published, served as a basis for Benjamin Franklin's Autobiography: A Norton Critical Edition and for

1176-494: The "most remarkable of all the remarkable histories of our self-made men" with Franklin as the greatest exemplar of the " self-made man ". Franklin is a good type of our American manhood. Although not the wealthiest or the most powerful, he is undoubtedly, in the versatility of his genius and achievements, the greatest of our self-made men. The simple yet graphic story in the Autobiography of his steady rise from humble boyhood in

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1232-479: The Federal Reserve as to what checks will be clearing them. Companies can then transfer the exact amount needed to pay those checks, while then investing the unneeded money or using other funds to pay down debt. Thomas Mellon Thomas Mellon (February 3, 1813 – February 3, 1908) was a Scots-Irish American businessman, judge, and lawyer who was best known as the founder of Mellon Bank and patriarch of

1288-474: The Irish question would be to sink the island." Thomas and Sarah Mellon had eight children, five of whom survived to adulthood: Mellon entrusted his sons with business ventures from very early ages. By the age of 21, his son Tom had raised, with his son Jim, some $ 100,000 operating a nursery, lumber yard and construction supply business, and Andrew was managing a theatre at the age of 17. Well-prepared for business,

1344-539: The Life and Writings of Benjamin Franklin. W. T. Franklin did not include Part Four because he had previously traded away the original hand-written holograph of the Autobiography for a copy that contained only the first three parts. Furthermore, he felt free to make unauthoritative stylistic revisions to his grandfather's autobiography, and on occasion followed the translated and retranslated versions mentioned above rather than Ben Franklin's original text. W. T. Franklin's text

1400-554: The Mellon family ranked among the wealthiest and most prominent industrialists in the United States by the time of Judge Mellon's death in 1908. The Autobiography of Benjamin Franklin The Autobiography of Benjamin Franklin is the traditional name for the unfinished record of his own life written by Benjamin Franklin from 1771 to 1790; however, Franklin appear to have called the work his Memoirs . Although it had

1456-547: The United States, settling in Westmoreland County, Pennsylvania . Andrew and his family followed two years later. Mellon wrote in his autobiography that at the age of ten, he had been struck by "wealth and magnificence I had before no conception of" upon viewing the mansion of prominent landowners Jacob Negley and Barbara Ann Negley. At fourteen, he read The Autobiography of Benjamin Franklin and became inspired by Franklin's rags-to-riches tale. Deciding he would not be

1512-486: The apprenticeship. After being jailed by authorities, James Franklin was ordered to cease publication of the Courant, leading him to contrive to have the paper continue under his brother Benjamin's name, but fully under his own control. While signing the discharge of Franklin's apprenticeship, James Franklin attempted to draft new secret indenture papers that would secure Franklin's service for another period of time. But when

1568-539: The autobiography. In a letter to Franklin that was ultimately included in the autobiography, James wrote of the work: “If it is not yet continued, I hope thou wilt not delay it, Life is uncertain as the Preacher tells us, and what will the World say if kind, humane and benevolent Ben Franklin should leave his Friends and the World deprived of so pleasing and profitable a Work, a Work which would be useful and entertaining not only to

1624-498: The bank. U.S. Steel (the world's first billion-dollar corporation), Heinz , General Motors , Koppers and ExxonMobil (as Rockefeller's Standard Oil) were born and nurtured by Mellon. In 2006, Mellon announced its plans to merge with Bank of New York. Talks began when Tom Renyi approached Robert Kelly about a possible amalgamation between the Bank of New York and Mellon Financial Corporation. The $ 16.5 billion deal ($ 24.9 billion today)

1680-587: The bench, and rather than return to the legal profession, "concluded to open a banking house." On January 2, 1870, he opened the T. Mellon & Sons' Bank with his sons Andrew W. and Richard B. Above the cast iron door of the original bank building at 145 Smithfield Street was placed a near life-sized statue of his inspiration, Benjamin Franklin. He nearly lost his estate in the Panic of 1873 , an economic depression in which half of Pittsburgh's ninety organized banks and twelve private banks failed —but prevailed and

1736-534: The capital for several of his workers to start printing houses of their own in other colonies. He makes further proposals for the public good, including some for the defense of Pennsylvania, which cause him to contend with the pacifist position of the Quakers . In 1740 he invents the Franklin stove , refusing a patent on the device because it was for "the good of the people". He proposes an academy, which opens after money

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1792-805: The colonial governors are bound to fulfill the instructions issued by the colony's proprietor, there is a continuing struggle for power between the legislature and the governor and proprietor.) The assembly is on the verge of sending Franklin to England to petition the King against the governor and proprietor, but meanwhile Lord Loudoun arrives on behalf of the English government to mediate the differences. Franklin nevertheless goes to England accompanied by his son, after stopping at New York and making an unsuccessful attempt to be recompensed by Loudoun for his outlay of funds during his militia service. They arrive in England on July 27, 1757. Written sometime between November 1789 and Franklin's death on April 17, 1790, this section

1848-541: The corporate loans and retail banking businesses saw them jettison these operations in favor of what were believed to be more stable, fee based business: asset management (i.e. investment management in the form of mutual funds and other separately managed accounts ) and asset servicing (i.e. corporate trust , stock transfer services and depository receipts ). Mellon is a large provider of what are known as controlled disbursement accounts. These are checking accounts in specialized locations which are given early warning by

1904-469: The course of multiple decades, Franklin intended his composition to stand as a unified piece of work. According to editors J. A. Leo Lemay and P. M. Zall, Franklin began writing part one of the autobiography in July or August 1771, which is also when he most likely authored an outline for the whole work. Over a decade later in 1782, Franklin was prompted by leading Philadelphia merchant Abel James to continue writing

1960-418: The door of his brother's printing house at night. Not knowing its author, James Franklin published it in the Courant , which encouraged Franklin to publish more essays under the pen name Silence Dogood, later collected as the " Silence Dogood " essays. When Franklin finally revealed his authorship, James Franklin was angered, leading to frequent disputes between the two, and causing Franklin to eventually abandon

2016-644: The estate of the Bishop of St Asaph in Twyford , the 65-year-old Franklin begins by describing his parents and grandparents, recounting his childhood, expressing his fondness for reading, and narrating his apprenticeship to his brother James Franklin , a Boston printer and publisher of the New-England Courant . A fan of the Spectator by Joseph Addison and Sir Richard Steele , Franklin slipped an anonymous paper under

2072-523: The father had sided with the Revolutionaries and the son had remained loyal to the British Crown.) At Passy, a suburb of Paris, Franklin begins Part Two in 1784, giving a more detailed account of his public library plan. He then discusses his "bold and arduous Project of arriving at moral Perfection", listing thirteen virtues he wishes to perfect in himself. He creates a book with columns for each day of

2128-505: The general refuses to take Ben's warning about danger from hostile Indians during Braddock's planned march to Frontenac (now Kingston, Ontario ). When Braddock's troops are subsequently attacked, the general is mortally wounded and his forces abandon their supplies and flee. A military is formed on the basis of a proposal by Benjamin Franklin, and the governor asks him to take command of the northwestern Frontier . With his son as aide de camp , Franklin heads for Gnadenhut, raising men for

2184-552: The governor to pass a taxation act, and Franklin defends the act in English court so that it can receive royal assent. While the assembly thanks Franklin, the proprietaries, enraged at the governor, turn him out and threaten legal action against him; in the last sentence, Franklin tells us the governor "despis'd the Threats, and they were never put in Execution". Despite authoring the constituent parts of his autobiography separately and over

2240-458: The grounds that anyone could duplicate and thus verify his experiments, Franklin sees another French author refute Nollet, and as Franklin's book is translated into other languages, its views are gradually accepted and Nollet's are discarded. Franklin is also voted an honorary member of the Royal Society . A new governor arrives, but disputes between the assembly and the governor continue. (Since

2296-403: The military and building forts . Returning to Philadelphia, he is chosen colonel of the regiment ; his officers honor him by personally escorting him out of town. This attention offends the proprietor of the colony ( Thomas Penn , son of William Penn ) when someone writes an account of it in a letter to him, whereupon the proprietor complains to the government in England about Franklin. Now

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2352-416: The promised letter of recommendation for him, and that "no one who knew him had the smallest Dependence on him". Franklin found work there until to Philadelphia as an assistant to Thomas Denham , a Quaker merchant, only to return to Keimer's shop after Denham's unexpected death. After quitting over his wages, Franklin left Keimer to begin a printing partnership with Hugh Meredith, a former co-worker. The shop

2408-487: The recent Revolutionary War. He does, however, quote a couple of his writings from the 1730s that survived. One is the "Substance of an intended Creed" consisting of what he then considered to be the "Essentials" of all religions . He had intended this as a basis for a projected sect but, Franklin says, did not pursue the project. In 1732, Franklin first publishes his Poor Richard's Almanack , which becomes very successful. He also continues his profitable newspaper. In 1734,

2464-408: The respective sides are far from any kind of agreement. The proprietaries ask Franklin to write a summary of the colonists' complaints; when he does so, their solicitor for reasons of personal enmity delays a response. Over a year later, the proprietaries finally respond to the assembly, regarding the summary to be a "flimsy Justification of their Conduct." During this delay the assembly has prevailed on

2520-524: The rest of his property on February 3, 1890, leaving it in the hands of his sons. Mellon died on his 95th birthday, February 3, 1908, at his home in East Liberty . He was survived by his wife, who lived for about a year after his death, and three children. Thomas Mellon and his wife Sarah are buried in Pittsburgh's Allegheny Cemetery . Mellon was Presbyterian by faith. Though not devoutly religious, he

2576-526: The same in London . In 1753 Franklin becomes Deputy Postmaster General. The next year, as war with the French is expected, representatives of the several colonies, including Franklin, meet with the Indians to discuss defense; Franklin at this time draws up a proposal for the union of the colonies, but it is not adopted. General Braddock arrives with two regiments , and Franklin helps him secure wagons and horses, but

2632-455: The text of this autobiography printed in the Library of America's edition of Franklin's Writings. The Autobiography of Benjamin Franklin also became the first full-length audiobook in history, which was voiced by actor Michael Rye and released in 1969. In Frank Woodworth Pine's introduction to the 1916 edition by Henry Holt and Company, Pine wrote that Franklin's Autobiography provided

2688-484: The week, marking his offenses against each virtue with black spots. Of these virtues, he notices that Order is the hardest for him to keep. He eventually realizes that perfection is not to be attained, but his attempt makes him feel better and happier. Beginning in August 1788, when Franklin had returned to Philadelphia, the author says he will not be able to utilize his papers as much as he had expected since many were lost in

2744-425: The world's largest securities servicing firm and one of the world's top ten asset managing firms. The new venture launched its brand identity on October 1, 2007. These two companies, along with State Street , followed essentially the same evolution. All were originally large diversified financial service providers, particularly in the corporate banking space in the regions they were located in. However, competition in

2800-463: The year 1758 when he was 52 (Franklin would die in 1790 at age 84). In the "Introduction" of the 1916 publication of the Autobiography , editor F. W. Pine wrote that Franklin's biography provided the "most remarkable of all the remarkable histories of our self-made men " with Franklin as the greatest exemplar. Part One of the Autobiography is addressed to Franklin's son William , at that time (1771) Royal Governor of New Jersey. While in England at

2856-622: Was a member and supporter of the East Liberty Presbyterian Church, the land for which had been originally contributed by the Negley family. He maintained a "country house" at 401 North Negley Avenue in East Liberty, where he indulged a passion for horticulture, raising fruit trees and other crops. He also took an interest in the poetry of Robert Burns and in the history of Ireland. He was said to have remarked "the only way to settle

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2912-502: Was announced in December 2006 and finalized on July 1, 2007, with Kelly as the chief executive officer (CEO) of the new company, and Renyi as executive chairman. Per the deal, the new Board of Directors is composed of ten directors appointed by the Bank of New York, and eight by Mellon. The merger was completed July 1, 2007, as The Bank of New York Mellon . Headquartered in New York, it is

2968-616: Was based on a flawed transcript made of Franklin's manuscript before he had revised it. This French translation was then retranslated into English in two London publications of 1793, and one of the London editions served as a basis for a retranslation into French in 1798 in an edition which also included a fragment of Part Two. The first three parts of the Autobiography were first published together (in English) by Franklin's grandson, William Temple Franklin , in London in 1818, in Volume 1 of Memoirs of

3024-598: Was the standard version of the Autobiography for half a century, until John Bigelow purchased the original manuscript in France and in 1868 published the most reliable text that had yet appeared, including the first English publication of Part Four. In the 20th century, important editions by Max Ferrand and the staff of the Huntington Library in San Marino, California ( Benjamin Franklin's Memoirs: Parallel Text Edition, 1949) and by Leonard W. Labaree (1964, as part of

3080-524: Was unable to employ him. However, Franklin was instructed to find Bradford's son Andrew , a Philadelphia printer, who had recently lost an employee. Arriving in Philadelphia, Franklin finally found work under printer Samuel Keimer. The Governor of Pennsylvania, Sir William Keith , took notice of Franklin and offered to set him up in business for himself. On Keith's recommendation, Franklin traveled to London , but on arrival found that Keith had not written

3136-510: Was well placed to prosper when the economy again began to expand. Shrewd investments included real estate holdings in downtown Pittsburgh, coal fields, and a $ 10,000 loan to Henry Clay Frick in 1871, which would provide the coke for Andrew Carnegie 's steel mills. In 1877, Mellon was approached to finance the Ligonier Valley Railroad . In 1878 he acquired land around the railroad just west of Ligonier, Pennsylvania , where he began

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