America’s Road To Wealth

  Chapter 23 The Mellon Family

   Woolworth Building is already an old building.

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

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

  The total floor height is 57 floors, with a Gothic appearance, which looks a bit like the Empire State Building.

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

  The Woolworth Building was not so lucky. It was once 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.

   Like many other old companies or buildings.

   The builders of the Woolworth Building are the Woolworth family.

  Now the property right of this building is no longer owned by the Woolworth family.

  The current property rights of this 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 also the reason why "Smith Capital" will work in this building.

  Because part of this building itself belongs to its boss.

  These Woolworth Building shares were in May of this year.

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

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

  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 an old building even if it is not a dangerous building.

  It and many other buildings of almost the same period have become one of New York's historically protected buildings in 1995.

   That is,

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

  If you want to tear it down and rebuild it, that is not allowed.

  Because this is a historically protected building.

Of course,

  If this person has access to the city council and other relevant connections, if this person is approved.

  That's 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.

  Here can accommodate 120 employees of Smith Capital, working here.

now it is night,

  Most of the employees have already left 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 well, and soon came to the company's "SafeHouse", which is the safe house.

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

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

  After moving in, they are not allowed to leave before the work is over.

  During the time they were trading.

   There will be professionals every day, preparing food, cleaning, and other cleaning work for them.

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

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

   Long before he went to Texas, these guys got in there.

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

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

   others, etc.,

  It doesn't matter whether it's the insider or the outsider.

   are not allowed in or out.

  Besides the four bodyguards, when Abel arrived, there was a blond man in his thirties lying on the rest 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 bang.

   Slap hard,

   Slap the blond white guy in the ass.

   "FXXK! theFXXK!! & %*."

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

  The blond-haired white man suddenly jumped up from the sofa, grinning.

   Wait until it is clear that the person who hit him is the smiling Abel.

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

   "FXXK! Can't you be gentler?

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

  Abel said: "Do you want to be happy with Monroe? It's simple, I will 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, ignored him, but let the bodyguard Edward who followed in said:

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

   "Ah" 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.

  There is the grave of Marilyn Monroe and many older Hollywood stars. "

  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 about time, isn't it? Otherwise, it's not easy to get you to come to the company!"

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

  David Mellon, you can tell from his surname 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 a signal, America rushes to hell!"

  The Mellon in this nursery rhyme refers to the then U.S. Treasury chief Andrew Mellon.

  David Mellon's great-grandfather is the son of Andrew Mellon.

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

   That is to say, David Mellon is now a member of the Mellon family.

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

  When the Mellon family was strong, Rockefeller, M Gen and the like hadn’t yet risen.

   But that was before.

  The current Mellon family has long lost the status it used to have.

  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.

  Collateral descendants are estimated to add up to 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, which has too 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 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 is also in the Mellon consortium and has a certain status.

  (end of this chapter)