Word: dillons
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President-elect Kennedy seemed to promise to make the Treasury a fortress of moderation when, fortnight ago, he plucked Wall Street Republican C. Doug las Dillon out of the Eisenhower State Department for his Treasury Secretary...
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...
Nevertheless, the Quai d'Orsay was skeptical of a 43-year-old investment banker who was innocent of diplomatic experience. France was in a state of upheaval: Indo-China was falling, Algeria was on fire, and Suez was threatening. Dillon handled himself with unspectacular competence, won French government gratitude at a parlous moment by proclaiming U.S. support of France's "liberal" aims in Algeria...
Secretary of State John Foster Dulles, aware of his own insufficiency in economic matters, recalled Dillon in 1957 to be Deputy Under Secretary in charge of economic planning, gave him control over foreign aid and the tariff and trade programs. In 1958 Dillon's testimony helped persuade a skeptical Congress to pass the longest (four years) extension of the reciprocal trade program in history. He has taken an extremely tough line on the necessity of eliminating discrimination against U.S. exports. His Tokyo speech in October 1959 was the first public U.S. threat of drastic steps to come...
...when Dillon and Treasury Secretary Robert Anderson flew to Bonn four weeks ago to demand that West Germany pay a bigger part of the Western defense bill, Dillon made it plain that he was out of sympathy with Anderson's gruff demands-a fact that may return to plague him as he takes Anderson...