Word: herefords
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Having got wisdom off his chest, Thompson got down to business. He was there to sell 306 purebred Hereford cattle from the nearby Switzer & Field ranch. Quickly he sold nine animals for a total of $39,925, topped the whole lot with a whopping $46,000 for one prize bull, Baca OJR Royal I. In two arm-flailing days filled with Thompson's rolling oratory, he and four assistants sold the entire Switzer & Field herd...
Thompson has probably done more than anyone else to make Herefords the highest-priced cattle breed. In the last 42 years Auctioneer Thompson has knocked down $250 million worth of cattle at more than 7,000 sales all over the U.S. His record $506,000 for a single day's selling, set at the auction of Colorado Rancher Dan Thornton's Hereford herd in 1947, still stands (TIME, Oct. 6, 1947), as does the $65,000 bid at which he sold the prize bull Baca Duke II last year. Only eight Hereford bulls have ever been sold...
...Hereford& Arabians. His success, however difficult to explain, is carefully translated by Arthur Godfrey into personal security. After taxes and expenses, whatever is left of his astronomical earnings is plowed into annuities and insurance against the uncertain future. With Godfrey signed to a fat, twelve-year CBS contract, Godfrey's lawyer, financial adviser and good friend, C. Leo DeOrsey, is able to say: "Arthur will never have to worry again in his life, especially since his requirements are no more than the ordinary cop's in New York-and I don't mean a sergeant...
...brick and stone house called Beacon Hill Farms on Catoctin Ridge in northern Virginia. With her are the children: daughter Pat, 7; Arthur Jr., 9; and 20-year-old Dick, the son of Arthur's first marriage. The farm's 700 acres are stocked with white-face Hereford cattle and Arabian horses which pay its running expenses. Godfrey, a licensed airman with more than 4,000 flying hours, commutes from New York in his Navion and twin-engine Beech planes, and always buzzes Beacon Hill before landing at nearby Leesburg. He spends about half of each week...
...This is oil." He still has grandiose ideas. Last month he tried to buy a professional football club for Houston. Last week he paid a princely $15,400 for an 890-lb. prize Hereford...