Study of the Hegemony of Parasitism - michaeljgoodnight.com

Another prominent banking house is the firm of Dillon
Read. Clarence Dillon (1882-1979) was born in San
Antonio, Texas, son of Samuel and Bertha Lapowski or
Lapowitz. He graduated from Harvard in 1905, married
Anne Douglass of Milwaukee, whose father owned
Milwaukee Machine & Tool Co. They went abroad from
1908 to 1910. Their son, C. Douglas Dillon, was born in
Switzerland in 1909. In 1912, Dillon met William A. Read,
founder of a well known Wall Street bond brokerage,
through a Harvard classmate. They became partners.
Read died suddenly in 1916, and Dillon bought control of
the firm.
During World War I, Dillon served as Bernard Baruch's
righthand man at the War Industries Board. In 1915,
Dillon had set up American & Foreign Securities Corp. to
finance the French Government's purchases of munitions
in the U.S. His righthand man at Dillon Read was James
A. Forrestal, who later died [under mysterious
circumstances --ed] while serving as Secretary of
Defense. Dillon Read played a crucial role in rearming
Hitler during the preparation for World War II.
In 1957, Fortune Magazine listed Clarence Dillon as one
of the richest men in the U.S. ($150-200 million). By
normal growth rates, his son C. Douglas Dillon should be
worth over $1 billion, but nobody knows. C. Douglas
Dillon worked with John Foster Dulles on the Dewey
campaigns, and served as Under Secretary of State,
helping Bechtel Corp. obtain its first large Saudi Arabian
contracts, which later became a $135 billion operation.