Business & Finance: Southwestern to Southwest

Last week in the high name of Texas pride three smart Dallas lawyers put over a deal which was reminiscent of the Van Sweringens at their best. With $100,000 in cash they gained control of two life insurance companies with total assets of $170,000,000. Leader of the legal triumvirate was Dexter Hamilton, a brusque, 56-year-old onetime Texas judge who is general counsel for Southwestern Life Insurance Co. However, the company he counseled was controlled not by fellow-Texans but by a Manhattan investment trust run by David Meriwether Milton, son-in-law of John Davison Rockefeller...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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