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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 16, 1971
Page
5
Democratic National Chairman Lawrence F. OBrien urges a ceiling on primary spending amid a $9.3 million debt and rising costs. He proposes pooling campaign resources and organizational support behind the eventual nominee to hold total costs to roughly $15–20 million for the 1972 race.
A new generation of Mellons controls a fortune estimated at 3 to 5 billion dollars, taking roles in investment management, foundations, and family holdings. Eight heirs, four men and four women, oversee three fortunes and the Andrew W. Mellon Foundation, led by Constance Prosser MecCaulley Mellon. Leadership questions loom as Richard Scaife and Timothy Mellon pursue separate paths while the family navigates a power vacuum left by late patriarch Richard King Mellon and his contemporaries.
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