National Affairs: The Dillon Dilemma

Hardly a man alive could reasonably expect to be a Cabinet member, come Democrat or Republican in the White House. But Republican C. Douglas Dillon looked forward to being Nixon's Secretary of State or Secretary of the Treasury. Then President-elect Kennedy asked him to become the new Administration's Treasury Secretary. Dillon wanted the job, but was in a tough spot. As Dwight Eisenhower's Under Secretary of State for Economic Affairs, he would be accused of disloyalty if he turned around and served an Administration whose campaign platform derided the "high interest, tight money" policies of his old boss.

Fortnight ago, accepting Kennedy's...

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