Feb. 15, 1892—James Forrestal, who earned riches on Wall Street and acclaim as one of the
architects of the national security state before succumbing to despair brought
on by his workaholic style, was born in the upstate community of Beacon, N.Y.
Given what I have just written, you might wonder why
my headline, instead of using the phrase “military history” or even “business
history,” referred to “Irish-American history.”
But Forrestal, the son of an
Irish immigrant father and American mother of Irish descent, spent much of his
adult life in near-total rejection of his background—not just Roman Catholicism
but even his ethnicity and family.
This all-stops-out attempt at assimilation represented
one means by which Irish-Americans of his time could fit into America and
attain success. But it exacted a terrible cost: a lack of a home life or roots,
culminating in a suicide that haunted his lofty social-cultural set and
powerful figures in Washington, D.C. for generations to come.
Forrestal grew up in a time when the Ivy League was
a WASP bastion, when Jews were excluded by quotas, and Catholics—particularly those
of the lower-middle-class—were often looked down upon.
Initially rejected by
Princeton, he was at last accepted, then shone so brightly, in academics and on
the school paper, that the Class of 1915 voted him Most Likely to Succeed.
Then, a few weeks before graduation, he dropped out, for reasons that remain
unexplained.
The inability to get a degree, after the various sacrifices
he and his parents had made to get him through school, appears to have led him
to cut off contact with his family. (A tentative attempt to reconcile with his mother--who had originally wanted him to become a priest--by buying her a house a decade later went nowhere: she didn't move into the house.)
Then, after a brief stint as a clerk/handyman—quite
below what his classmates had been making—he took a job with William A. Read
and Co., a New York investment banking firm that later became Dillon, Read and
Co.
The resulting career there—interrupted only by
service as a naval aviator in WWI—was astonishingly successful. He made partner
at age 31, and by 1932, the heart of the Depression, he made $5 million—more than $82 million in today’s currency.
Although he wore the map of Ireland on his face, Forrestal continued to shed his heritage, becoming an Episcopalian,
giving up on contact with his family, and refusing to refer to himself as
Irish-American.
That denial allowed him to “pass” in WASP society, contract an
advantageous marriage to a Vogue
columnist beautiful enough to be photographed by Cecil Beaton, and advance on
Wall Street.
In 1940, Forrestal left Dillon, Read to become one of
the “dollar-a-year” businessmen who, forgoing their normal much larger private-sector salaries, helped the Roosevelt administration
fulfill his desire to make America “the arsenal of democracy.”
He worked seven
days a week as undersecretary of the navy, so he was the natural choice to became secretary of the
department itself in 1944 when his boss Frank Knox died.
So successful was Forrestal—first for FDR, then for
Harry Truman—that he was tapped to spearhead the reorganization of the armed
services into a single Defense Department; so exhausted was he in that effort
by the dawn of the Cold War and constant political infighting, and so forlorn about being trapped in an unhappy marriage to his now-alcoholic wife, that he suffered a nervous
breakdown.
After leaving the Defense Department, a depressed
Forrestal, confined to Bethesda Naval Hospital for exhaustion, asked to see a Roman Catholic priest so he could confess. His
request was denied. Not long afterward, he threw himself out the window of the
16th floor at the hospital.
His death haunted his literary friends
Philip Barry and John O’Hara, inspiring, respectively, the play Second Threshold and the sprawling novel
From the Terrace.
1 comment:
Forrestal ended up at Dillion Reed because it's founder, Clarence Read was as interested in hiding his background as Forrestal. Dillion was born Clarence Lapowski. His father was a Polish Jew. (Clarence's son, Douglas, served as Sect. of the treasury under JFK, the first Irish-Catholic president.) It was said that Forrestal and Dillion didn't really fool anybody on Wall Street. People knew the two were ethnic arrivistes, and they invested with them on the theory that, as outsiders, they'd be hungrier, craftier and more ruthless than well-bred WASPS.
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