J. RUSSELL FORGAN DEAD AT 73; BANKER WAS OFFICIAL OF O.S.S

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-01208R000100100054-3
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: March 2, 2011
• Sequence Number: 54
• Publication Date: February 1, 1974
• Content Type: OPEN SOURCE

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STAT
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Sanitized Copy Approved for Release 2011/03/02 : CIA-RDP90-61208R000100100054-3
I F E B 1974
J. Russ-ell Forgan Dead at 73;
anker Was Official of O.S.S
ff J. Russell Forgan, an invest- the Gen. William J. Donovan
Ynent banker and the retiredlAward, named for the leader
board. chairman of du Pontlof the O.S.S. .
Glore Forgan, Inc., died yes-! James Russell Forgan grad-
terday of cancer at St. Luke's
-Hospital. Mr. Forgan was 73
years old and lived at 640 Park
Avenue.
In addition to his business
career, Mr. Forgan had a distin-
guished service record during
World War II with the Office of
Strategic Services.
For a time he served ag
deputy commander, and later
as commander of the cloak-
and-dagger organization in the
European Theater of Opera-
tions.
Mr. Forgan had directed
O.S.S. intelligence in collecting,
assessing and disseminating in-
f b G n d -
t Irma e
t
University with a Bachelor of
Arts degree. While at Prince-
ton,' he was president of . the
Triangle Club.
Between 1922 and 1927,
when he became a vice presi-
dent of Brokaw '/s Co., Mr.
Forgan worked for Chicago
banks. In 1930, he became a
partner in Glore, Forgan & Co.,
formerly known as Field Glore
& Co.
Large Consolidation
Between 1931 and 1965, h8
was chairman and chief execu-
tive officer of Glore, Forgan,
Wm. R. Staats, Inc., and, be-
ion a ou
orma
;ginning in 1970, the board
fenses and troop positions be (chairman of du Pont, Glore
l
di
h
N
d
f
an
ns
orman
y
ore t
e
g and later served as chairman of
two committees that prepared)
the basic planning documents
for the ultimate creation of the'
Central Intelligence Agency.
Won Many Citations
he slim, brown-haired of-
ficer, who left the Army with
the rank of colonel, was award-
ed the Distinguished Service
Medal, the Legion of Merit and
the Legion of Honor; the Croix
de Guerre with palm, the Order
of the British Empire, the
Order of Leopold (Belgium), the
Cross of Liberation (Czecho-
slovakia), and was made a com-
mander of the Order of Danne-
brog by Denmark.
Later he was a, recipient Qf.
Forgan, Inc., which was created
by the consolidation-one of
the largest in Wall Street his-
tory-of Francis 1. du Pont &
Co., Glore Forgan Staats, Inc.,
and Hirsch & Co.
Mr. Forgan was a director of
Interco., Inc., the Borg Warner
Corporation and the National
Distillers and Chemical Corpo-
ration, among other concerns.
He is survived by his widow,
the former Ada Johnson; two-
daughters, Mrs. Henry P.
Wheeler and Mrs. Whitney Ad-
dington, and a son, J. Russell
Jr. .
A 'memorial 'service will be
held Monday at 4 P.M. at the
Brick Presbyterian - Church,
Park Avenue and 91st Street.
11 Sanitized Copy Approved for Release 2011/03/02 : CIA-RDP90-01208R000100100054-3