Word: dillons
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Dates: during 1960-1969
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During last fall's presidential campaign. Republican Dillon loyally contributed $11,000 to G.O.P. campaign funds. Actually, he was a safe bet to stay on in a top Government job no matter which candidate won. Dick Nixon thought of him for a top Cabinet post. So also-after New York Bankers Robert Lovett and John McCloy turned down the job of Treasury Secretary-did John Kennedy, who desperately wanted to forestall criticism of the New Frontier by placing a sound-money man in the sensitive Treasury...
...Needs You." Dillon, with his banking and diplomatic experience, was obviously an excellent choice for Kennedy's purpose. They had first met in 1956 at Harvard, when Dillon was grand marshal at the 25th reunion of his class and Senator Kennedy the winner of an honorary degree. After the ceremony, they dropped by the select Spec Club (both men were members) to chat, later became friends and occasional golfing companions. But when President-elect Kennedy asked to come to Dillon's house (Dillon thought it should be the other way around) and came through several days later with...
Before the inauguration, questions about Treasury's new chief were plentiful. Republicans-and conservatives generally -wondered how Dillon could live with the free-spending Democratic platform commitments. Easy-money liberals asked whether Republican Dillon would stand in the way of the new Administration's efforts to get the country out of a recession. But at his senatorial confirmation hearing, Dillon managed to seem both fiscally sound and fiscally imaginative, came out in favor of the balanced budgets that conservatives wanted and the recession deficits that liberals felt necessary. He was approved without dissent...
...Free Hand. Moving into his spacious office in the grey, temple-fagaded Treasury building next door to the White House, Dillon called for every document since 1789 that provided a job description of the Secretary's portfolio, then set out to make the department his own. Unlike Secretary of State Rusk, Dillon did not have his top echelon of aides picked in advance by Kennedy. He took advantage of his free hand to build a Treasury staff that moneymen rate as possibly the best since the days of Alexander Hamilton. Dillon's right-hand...
...HENRY FOWLER, 52, Under Secretary. Witty, white-haired "Joe" Fowler is exactly the kind of tested, Washington-wise administrator that Dillon needs to run the daily routine of the department. A onetime lawyer for TVA, Fowler has served as counsel for a Senate subcom mittee, the Federal Power Commission and the War Production Board. He headed the Office of Defense Mobilization during the Korean war. Thorough, cautious and sound, Fowler worked on the task force that John Kennedy set up before his inauguration to consider antirecession plans...