Los Angeles County
Biographies
MARCO H. HELLMAN
HELLMAN, MARCO
H., Banker, Los Angeles, California,
was born in that city, September 14, 1878, the son of Herman W. Hellman and Ida
(Heimann) Hellman.
His father was one of the pioneer business men of Los
Angeles and, at the time of his death, was considered
its leading banker and one of the wealthiest men in the Southwest. Marco H. Hellman married Reta
Levis of Visalia, Cal., at Los
Angeles, June 10, 1908, and to them was born one
child, Herman Wallace Hellman.
Mr. Hellman was
educated in the public schools of Los Angeles and later
attended Leland Stanford
University. After which he started his banking career
with the Farmers & Merchants National Bank of Los
Angeles. He
worked there in various minor positions for a period of time and then was made
assistant cashier of the institution. He
remained with that bank for about six years and later resigned to accept a
position as assistant cashier of the Merchants National Bank of
Los Angeles. He held that position with credit and soon
was promoted to cashier, holding that office until he was made vice president
of the bank, an active position he now holds.
He is now
president, vice president or director of twenty-one banks and nine industrial
corporations and is one of the executors of the great Herman W. Hellman
estate. Coming from a family rated among
the richest in the United States,
it is natural that Mr. Hellman, although a young man, should have attained a
position of prominence in the financial world.
His father before him was a positive financial genius, and when he died,
had a multitude of interests, banking, real estate, oil, corporation, etc.
As executor of
the vast estate of his father, it is necessary that Mr. Hellman be an active
participant in a great many corporations, and this matter of necessity,
combined with his native ability as a financier and business man, puts him in
the position of being the most active young banker in the State. As a matter of fact he holds more offices in
banks and corporations than any other three men in Southern
California.
Mr. Hellman has
always been too busy to engage actively in the political life of his native
city, but he has not lacked in civic pride.
He is always among the first men to help any movement for the
advancement of Los Angeles.
For instance,
when the Owens River Aqueduct project was proposed and money was needed, and
the Eastern syndicate only accepted its allotted portion, Mr. Hellman took over
and sold the remaining portion of the bonds for the city, a transaction
involving at least a million dollars.
With the money obtained so promptly, the city was enabled to go ahead
with its work of improvement and the Owens River aqueduct, a remarkable
engineering work, soon will be supplying pure water, not only to the City of Los
Angeles, but to many towns
and villages in the vicinity of the city.
An interesting
incident in the life of Mr. Hellman is that he has spent practically all his
days in one spot in Los Angeles. He was born in his father’s old mansion at
Fourth and Spring Streets, when that corner was part of the residential section
of the city. Today it is in the very
center of the business district and in place of the home, with its wide spread
of lawn, where young Hellman played as a child, there stands the towering
skyscraper, the Herman W. Hellman Building, an imposing monument to the work of
his father in Los Angeles.
Mr. Hellman is
one of the most popular young financiers in the country and is a member of many
clubs. His Los
Angeles affiliations are the Jonathan, Concordia,
Union League, Federal and San Gabriel Valley County Clubs. In addition to these social organizations, he
is a Thirty-second Degree Mason, a Mystic Shriner and
an Elk.
Transcribed 7-15-08
Marilyn R. Pankey.
Source: Press
Reference Library, Western Edition Notables of the West, Vol. I, Page 93, International
News Service, New York, Chicago, San Francisco, Los Angeles, Boston,
Atlanta. 1913.
© 2008 Marilyn R. Pankey.
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