Business & Finance: Dillon in Court

Clarence Dillon, Wall Street banker who flings a swift & broad flail in his financial harvestings,* struck twice against litigation, according to two complaints lodged last week in Manhattan against him. One was that he had created an asbestos trust, the other that he had not given a _go-be-tween sufficient commission in an oil deal.

The Asbestos Corporation Ltd., which Mr. Dillon has just organized, is the concern that the Federal District Attorney at Manhattan, Charles R. Tuttle, considers a combination in restraint of trade and which he wants broken up. His reasons: Three companies—Canadian Johns-Manville Co. Ltd., Quebec Asbestos Corp. Ltd....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!