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A conversation with Carolyn Mellon,Owners of Banks Steel Mills and oh yeah a Railroad (B&M Guilford)
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met a woman in Swickley PA which is the home of the Olivers and the Mellons. I met a well to do women who happened to be part of the Mellon Clan which owns Banks,Steel Mills and a Railroad. Guilford Railroad "Boston and Maine". I used this opurtunity to tell her that Guilford has been too rough on the hobos. "We know about the hobos and this town has a lot of Railroad Workers". We quietly fund Shelters in this area and in other parts of the country thru our foundations. <br />But frankly we have little to do with the day to day operations of the railroad. So who runs the railroad? "We have attorneys and acountants for that that handle the legal operations who then appoint the managers of the buisness." I will try and pass your concern on but we try not to get involved with day to to day operations. So what do you do then? <br />"We have our own lives and we get up every morning to earn our keep." <br />This is not the first time I have heard this. The White Anglo-Saxon Prosetent Work Ethic. The Childern of Rockefeller were only given one toy to play with at a time despite having closets full of them. Children of the wealty being seperated from the home lives to live in drab bording schools. Now it seems that the Old money that makes money the old fasioned way (Inherits It) wants nothing to do with Daddys Buisness other then get a trust check other month. Timothy Mellon was given the Boston and Maine Railroad by his Parents in 1979? so that he would develop a <br />work ethic. The railroad went on strike and was not fun to play with any more. The railroad is now be used as asset alocation tool to hold real esate. Mary Lou Whitney of Saratoga NY has intrests in the Delaware and Hudson and New York Central. (Now CP and CSX). She attends fundraisers and is a sociity elite in the horse racing circet. But has nothing to do with the railroads ecept that the Saratoga yard for the D&H is in her backyard. Gloria Vanderbuilt has a line of Clothing (Cornialus Vanderbuilt founded the New York Central) and lives in a Penthouse in New York City. <br />CSX has a major shareholder by the Pennslvania Teachers Pension plan and Temple University. They Appoint a Proffeser to sit on there board of directors. Union Pacific has the governer of Montana on its board. <br />My point here is that the Class 1 railroads are largely controled by attorneys who set up trust funds on behalf of its benificuarys. As long as the real owners get a dividend check from there trust fund every month they have little to complain about. The Real *%*holes are the attorneys and accountants for the trust funds who they appoint whoes job is to maximises profit at any cost so that they can keep there jobs. As far as it seems railroads like CSX and BNSF can preety much run themsevels. However Railroads like NS are over managed down to having a superviser follow railroad workers in white trucks. So can someone here tell me the diffrence between the white heirs of the robbers barrons who sit back and collect dividend and trust fund checks and sip fine wines and the african american family on welfare who collects welfare checks on the dividends of a country that was founded on slavery and wiping out most of its natives and sipping Wild Irish Rose or Colt 45 Malt Liquire. Which one "Earned It"?
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