Word: bank
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Dates: during 1960-1969
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Through Prickly Pear. Moursund is an all-round man in the best Texas tradition. He controls a local bank. He can survey land, brand cattle, ride a horse through prickly pear cactus, steer his Lincoln Continental through cedar brush in pursuit of game, drop a deer with unerring aim, then gut and skin the animal. To the Judge ranching is more of a pleasure than a source of income. Explains an associate: "He gets a real kick out of manipulating cattle from one pasture to another." He also enjoys food in quantity. When he speaks of a "couple of hamburgers...
Moursund comes naturally by such talents. His father, A. W. Moursund Jr., had developed ranch holdings in Blanco County, founded Johnson City State Bank (it survived the Depression but closed in the late '30s), and married Mary Frances Stribling. The Striblings, largely through Mary's mother, Lurania, who had a knack for acquiring land and stocking it profitably with cattle, sheep and goats, owned some 100,000 acres near the Pedernales River. Lurania was once asked how much land she thought was "enough." "Just what's mine," she said, "and that which joins mine...
...himself, and "Bobby told me that $15,000 was to go for the presidential campaign and the other $10,000 was to go for political purposes as he and Mr. McCloskey saw fit-mostly Bobby." Reynolds said that Baker further told him to "stick the money in a bank you don't ordinarily use, so those people snooping around will have a hell of a time locating...
...London, the Treasury announced that during November reserves dropped another $109.2 million, shrinking Britain's international bank balance to $2,343,600,000, lowest in seven years. There were whispers that even these figures hid the true dimensions of the drain. Last week Britain drew another SI billion in financing, this time from the International Monetary Fund, to pay off short-term loans that had been contracted earlier to support the pound...
...turned on the television set and almost fell out of my chair," said a senior officer of the powerful First National Bank of Boston. What caused such consternation was the news of Lyndon Johnson's admonition to the nation's bankers not to increase their loan interest rates. In response to the rise in the Federal Reserve Board's own discount rate, the big Boston bank had just the day before become the third U.S. bank to hike its own prime rate, but Johnson's pressure changed all that. Said the First National officer...