Word: jicarilla
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Dates: during 1970-1979
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There are exceptions to this dismal catalogue. The Agua Caliente band, which owns most of the real estate in Palm Springs, Calif., is wealthy indeed. The Jicarilla Apaches in northern New Mexico, blessed with rich oil and gas deposits on their lands, have made investments in movie productions and are developing hunting and tourist facilities...
...FORTUNE'S august list of the 500 largest U.S. industrial companies. Kirk Douglas, after 25 years as one of Hollywood's most backable stars, recently had trouble raising money for A Gunfight, a property with a strong screenplay starring himself and Johnny Cash (see CINEMA). Then the Jicarilla Apaches, a wealthy Indian tribe (gas leases and mineral rights) with a sophisticated investment policy offered to put up the entire $2 million. For once, it was the Indians to the rescue...
...Like almost half the movies made these days, Gunfight was financed outside Hollywood. But its backers were not ordinary investors. The Jicarilla Apaches, a tribe of about 1,800 New Mexican Indians with a substantial income from oil and gas investments, put up $2,000,000. Says Chief Charlie Vigil: "We consider ourselves a corporation like any other." The chief liked the idea of bankrolling Johnny Cash because he is one-fourth Cherokee...