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Perspectives

Did Billie Sol give Texas Sen. Yarborough $50,000?

Did Billie Sol give Texas Sen. Yarborough $50,000?

Did a swashbuckling swindler slip a certain Texas senator a big wad of cash on Nov. 6, 1960? Four years later, that was the $50,000 question that threatened to sink Ralph Yarborough’s reelection campaign. The swindler was, of course, the infamous Billie Sol Estes, whose specialty was suckering banks into loaning him millions on nonexistent tanks of chemical fertilizer. When his houseof- cards empire collapsed, the pudgy promoter was indicted on a long list of federal charges.

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