Business & Finance: Dillon Conclusion

Ferdinand. Pecora—running for office as District Attorney of New York County on the slate of Joseph V. McKee—last week finished off the Dillon, Read chapter of the U. S. Senate's investigation of bankers. From the investigation of Dillon. Read's investment trusts (TIME, Oct. 16) he went on to two other topics that have become part of the standard program in investigating banking houses: Tax Evasion, James V. Forrestal. Dillon, Read & Co.'s vice president and a financial comet of the 1920's, admitted that in selling for $892,936 stock which he had bought...

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