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 companiesCanadian Johns-Manville Co. Ltd., Quebec Asbestos Corp. Ltd....
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