Word: moursund
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Dates: during 1964-1964
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...hardly a secret that President Johnson likes Texans-and has imported a fair number of them to work in Washington. Yet the Texan that Lyndon probably likes best of them all is one he has left behind. He is A. W. (for Albert Wadel) Moursund, 45, who lives in a modest ranch house in the hills of central Texas, works out of a small brick building off Johnson City's courthouse square, has a passion for anonymity, and insists to inquiring newsmen that "I don't give interviews. I just practice law, that's about...
...through the day, Lyndon and Lady Bird moved, almost ritualistically, as in a stately saraband. To the old Johnson homestead they went, to reminisce a while about Lyndon's boyhood and to sit in the porch swing. Later they visited at the ranch of A. W. (Judge) Moursund, Lyndon's old friend and trustee of his financial interests. The President sat slumped in a living-room chair for a while and watched the election returns on television. Then, by helicopter, he and his party flew to Austin's Driskill Hotel, waded into the bedlam of newsmen...
Land Baron A. W. Moursund, 45, longtime friend and now principal trustee of the President's financial interests,* says that no Johnson family member has a direct interest in the company. Yet an example of Brazos-Tenth's complicated intertwining with the Johnsons turned up in early 1962. On Feb. 1 the LBJ Co. sold some subdivided lots to Brazos-Tenth. The deed was signed by J. C. Kellam, president of the LBJ Co., and by Donald Thomas, the LBJ Co. secretary. Before the day was over, essentially the same real estate package was sold by Brazos-Tenth...
...recent years, Brazos-Tenth has acquired about $1,000,000 worth of stock in nine Texas banks. In one recent case, ownership of a thriving little bank, Moore State Bank in Llano, Texas, changed hands after two big blocks of stock were sold-749 shares to Moursund's mother, 749 to Brazos-Tenth. Those shares constituted controlling interest in the bank, and one Moore State stockholder said later: "After the transaction was closed, Mr. Johnson spoke of it to me at a party and thanked me for selling...
...official accounting of the Johnson family's full fortune, disclosed by Trustee Moursund, indicates that the President personally owns about $400,000 in municipal bonds, ranch land, lake property, livestock and cash. Mrs. Johnson's holdings add up to $2,500,000-the great bulk of it ($2,030,000) in Texas Broadcasting Corp. stock. And the Johnson daughters, Lynda Bird, 20, and Luci Baines, 17, each hold $630,000 in Texas Broadcasting stock and real estate. That totals $4,160,000 for the family...