Word: austine
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Boys v. a Man. At the University of Texas in Austin, Lady Bird had a Nei-man-Marcus charge account and unlimited use of Cap Taylor's checking account. But. as Eugenia Lassater recalls, she was "stingy." She still wore Aunt Effie's old coat around campus. But her social life picked up a little. She learned to dance the Louisiana Stomp and acquired at least a sipping acquaintance with bootleg cherry wine. When she graduated in 1934, she had degrees in liberal arts and journalism...
...sleek and robust health after a near-fatal heart attack in 1955. She has efficiently managed the family finances over the years, and proved that she had much of old Cap Taylor's business savvy when she bought and, with Lyndon's help, nurtured a floundering Austin radio station into a multimillion-dollar corporation. "She can read a balance sheet as well as a truck driver can read a road map," says a former associate. As proof of that, there are now public Johnson balance sheets that depict Lady Bird's sizable financial holdings-even more sizable...
...anybody pressure me on behalf of Lyndon Johnson. The pressure there is an obvious one, though. It simply stems from the position occupied, particularly when you have a company named the LBJ Co." A longtime KTBC employee recalled a meeting of the station's department heads in Austin. Said he: "Both the Johnsons were there. Mrs. Johnson asked a few questions and made observations. After about 30 minutes, Johnson began talking. It was all business about the station. He's a powerful person. Whenever he came into the station, he set things buzzing. Frankly, he scared hell...
Indirect Interest? Aside from the Johnsons' broadcasting empire, there is the matter of the Brazos-Tenth Street Co. Originated in 1955 as a real estate developer's device for holding an old building at Brazos and Tenth Streets in Austin, it is now a freewheeling, highly diversified outfit...
...individuals, as corporate entities or through agents-have also acquired sizable amounts of Texas land, most of it since 1960. According to LIFE'S accounting, the family owns eight ranches estimated at a value of $1,250,000; resort and residential property (including 200 acres of prized Austin property, some selling as high as $30,000 an acre) worth about $2,250,800; Alabama land worth about...