Trong những năm 1940, các nguồn lực của thị trường tiền tệ không đủ để đáp ứng nhu cầu của ngành công nghiệp. Chia sẻ "các nguồn bên ngoài" do đó thấp hơn nó có thể có được, mặc dù sự phụ thuộc của công ty công nghiệp trên | Composition of the Dillon Read Group Name of company Total assets million dollars Share of control Total controlled assets million dollars Other groups participating in control Banking Dillon Read and Co 3 1 3 Empire Trust . . . 291 1 291 U. S. and Foreign Securities . . . 109 1 109 _ American-South African Investment 50 1 50 Industry National Cash Register . 453 1 3 151 First National City Bank Colgate-Palmolive 392 1 3 131 Various groups Union Oil Co. of California . . . 797 1 4 199 California Mellons Reynolds Metals . 1 002 1 5 200 Reynolds Goodyear Tire and Rubber 1 186 1 6 198 Cleveland and others Amerada Petroleum 233 1 2 116 British capital Louisiana Land and Exploration . . 71 3 4 53 Various groups Southwestern Public Service . . . 268 3 4 201 Texas 712 of which banks. 463 249 Mellons in alliance with Phillips Petroleum through the First Boston Corporation . These groups have made public some facts from the activities of Dillon Read as the financial adviser of Union Oil the bankers made it buy tankers oil pipelines and gasoline stations from small companies which they themselves controlled. As a result of the scandal Frederick H. Brandi president of Dillon Read had to resign his directorship in Union Oil. But the former head of 19 291 the Manufacturers Trust Company Horace C. Flanigan remained a director of Union Oil. His son Peter is a partner and big stockholder in both Dillon Read and the companies which are controlled by it and which profited on sales to Union Oil. In 1963 another crushing blow was struck at the positions of Dillon Read in this company 15 per cent of its stock was bought by Daniel K. Ludwig a California multimillionaire shipowner. 7. Other New York Groups The battle in Union Oil once again threw the spotlight on the hidden connections between Dillon Read and Manufacturers Hanover Trust. The latter was set up in 1961 through the merger of two big New York commercial banks Manufacturers Trust and the Hanover Bank. .
