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...

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