Word: bascom
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Service Exit. In Des Moines, the $52,000 damage suit that Hugh Warren Bascom brought against the Lloyd Hotel and two process servers was dismissed, in spite of his testimony that when he climbed out his third-floor window to avoid the process servers, and started lowering himself down the rope provided by the hotel as a fire escape, the rope broke...
...Bascom Giles was a prosperous businessman and a durable politician, well known all over Texas. A nourishing real-estate operator, he was past grand master of the Grand Lodge of Texas, Ancient and Accepted Order of Freemasonry, and a prominent and popular figure in the state government at Austin. Texas' land commissioner for 16 years, he was re-elected for the eighth time last year, but disqualified himself and astonished his friends when he refused to take the oath of office. Last week in a courtroom in Austin, Bascom Giles was convicted as an accomplice to the theft...
Open Invitation. The tribulations of Bascom Giles are part of the vast and complex land scandals which have rocked the state (TIME, March 7) and cost the taxpayers an estimated $10 million. The scandals revolve around the Texas land program, a 1946 amendment to the state constitution that authorized $100 million in public funds to enable veterans to buy land. Under the program, qualified veterans could purchase ranch or farm land for a 5% down payment, with 40 years to pay off the balance. The state furnished the unpaid balance and held title until the veteran had retired the loan...
...land-proud Texas, the program (conceived and largely written by Bascom Giles) seemed a fine policy, enabling many a young man to become a landowner, and providing a much more enduring bonus for war service than cash. But the loosely written law and the $100 million were an open invitation to racketeers and grafters...
...conviction of Bascom Giles is only the beginning of the scandals trouble for Texas politicians. So far, 21 people, including Democratic Congressman John J. Bell, have been indicted. Governor Shivers and Attorney General Shepperd have been rebuked by a state senate investigating committee for negligence and, no doubt, will feel the scandal's sting politically. As for Bascom Giles, he will go on trial again Aug. 15 in San Antonio for taking a $30,000 bribe, and still faces three other indictments charging him with taking bribes totaling...