111-403: Billie Sol Estes (January 10, 1925 – May 14, 2013) was an American businessman and financier best known for his involvement in a business fraud scandal that complicated his ties to friend and future U.S. President Lyndon Johnson . Estes was born January 10, 1925, to John and Lillian Estes on a farm near Clyde, Texas , one of six children. Estes never attended college but nonetheless demonstrated
222-409: A New Deal platform and was effectively aided by his wife. He served as a U.S. Representative from April 10, 1937, to January 3, 1949. President Roosevelt found Johnson to be a political ally and conduit for information, particularly regarding the internal politics of Texas and the machinations of Vice President John Nance Garner and House Speaker Sam Rayburn . Johnson was immediately appointed to
333-581: A Bachelor of Science in history and his certificate of qualification as a high school teacher. He briefly taught at Pearsall High School in Pearsall, Texas before taking a position teaching public speaking at Sam Houston High School in Houston. When he returned to San Marcos in 1965, after signing the Higher Education Act of 1965 , Johnson reminisced: I shall never forget the faces of
444-897: A U.S. representative, he was called to active duty three days after the Japanese attack on Pearl Harbor in December 1941. His first orders were to report to the Office of the Chief of Naval Operations in Washington, D.C. , for instruction and training. Following his training, Johnson asked Undersecretary of the Navy James Forrestal for a job in Washington, D.C. He was instead sent to inspect shipyard facilities in Texas and on
555-409: A creditor can enforce security against a company's assets in an effort to obtain repayment of the secured debt. It used to be the most popular method of enforcement by secured creditors , but recent legislative reform in many jurisdictions has reduced its significance considerably in certain countries. Administrative receivership differs from simple receivership in that an administrative receiver
666-614: A day laborer. In 1926, Johnson enrolled at SWTSTC. He worked his way through school, participated in debate and campus politics, and edited the school newspaper, The College Star . The college years refined his skills of persuasion and political organization. For nine months, from 1928 to 1929, Johnson paused his studies to teach Mexican–American children at the segregated Welhausen School in Cotulla, Texas , 90 miles (140 km) south of San Antonio . The job helped him to save money to complete his education, and he graduated in 1930 with
777-492: A hostile position towards civil rights legislation like almost all other Southern Democrat legislators; voting against anti- lynching legislation, anti- poll tax legislation and the Fair Employment Practice Committee . In April 1941, incumbent U.S. Senator Morris Sheppard from Texas died. Under Texas law, a special election for a vacant Senate seat must be held within a few months of
888-672: A key investigator in the Department of Agriculture case, was perpetrated by Malcolm Wallace , an aide to Johnson, upon orders from the then-Vice President. Estes claimed that Johnson was involved in the fraud schemes and had the official killed to prevent him from exposing Johnson's role. Two former Johnson associates responded to the allegations stating Estes was a "pathological liar". When the Department of Justice asked for more information, Estes responded that he would provide information on eight other murders ordered by Johnson, including
999-423: A majority of one (29–28). The state Democratic convention upheld Johnson. Stevenson went to court, eventually taking his case before the U.S. Supreme Court , but with timely help from his friend and future U.S. Supreme Court Justice Abe Fortas , Johnson prevailed on the basis that jurisdiction over naming a nominee rested with the party, not the federal government. Johnson soundly defeated Republican Jack Porter in
1110-583: A mission similar to that of the Truman Committee in the Senate. He probed the peacetime "business as usual" inefficiencies that permeated the naval war and demanded that admirals get the job done. Johnson went too far when he proposed a bill that would crack down on the draft exemptions of shipyard workers if they were absent from work too often; organized labor blocked the bill and denounced him. Johnson's biographer Robert Dallek concludes, "The mission
1221-516: A movie camera to record conditions, and reported to Roosevelt, Navy leaders, and Congress that conditions were deplorable and unacceptable. Some historians have suggested this was in exchange for MacArthur's recommendation to award the Silver Star. He argued that the southwest Pacific urgently needed a higher priority and a larger share of war supplies. Warplanes that were sent there were "far inferior" to Japanese planes, and U.S. Navy morale there
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#17327931363511332-408: A natural talent for business from an early age. At 13, [Estes] received a lamb as a gift, sold its wool for $ 5, bought another lamb and went into business. At 15, he sold 100 sheep for $ 3,000. He borrowed $ 3,500 more from a bank, bought government surplus grain and sold it for a big profit. By 18, he had $ 38,000. He served in the U.S. Merchant Marine during World War II . In the late 1950s, Estes
1443-583: A receivership scheme for the administration, by the insurance commissioner, of insurance companies found to be insolvent as set forth in the NAIC's Insurer Receivership Model Act." Some organizations have come into existence on the state level to alter the proceedings. An example is the California Receivers Forum, which is a non-profit organization "formed by interested receivers, attorneys, accountants, and property managers, with support from
1554-406: A situation likely to remain common for some years. Enforcement is also a significant aspect of the situations where administrative receivership is still permitted; for example, the ability to take control of the entirety of the assets is important in structuring insolvency-remote special purpose companies that issue securities or operate infrastructure projects. In common law jurisdictions outside of
1665-598: A small farmhouse on the Pedernales River . He was the eldest of five children born to Samuel Ealy Johnson Jr. and Rebekah Baines. Johnson wasn't given a name until he was three months old, as his parents couldn't agree on a name that both liked. Finally, he was named after "criminal lawyer—a county lawyer" W. C. Linden, who his father liked; his mother agreed on the condition of spelling it as Lyndon. Johnson had one brother, Sam Houston Johnson , and three sisters, Rebekah, Josefa, and Lucia. Through his mother, he
1776-440: A very powerful remedy, but it came to be considered unsatisfactory in that it was entirely a creature of the contract between the creditor and the borrower. There was no general ability on the part of the borrower or any other party to review the actions of the receiver (who would generally be acting on behalf of the borrower under the security document) or seek the supervision of the court. A general review of UK insolvency law in
1887-470: A week. Johnson was announced the winner by 87 votes out of 988,295, an extremely narrow margin. However, Johnson's victory was based on 200 "patently fraudulent" ballots reported six days after the election from Box 13 in Jim Wells County , in an area dominated by political boss George Parr . The added names were in alphabetical order and written with the same pen and handwriting, at the end of
1998-411: Is an accountant with considerable experience of insolvency matters. The common law has long recognised the concept of a receiver. Following development of the floating charge , creditors were effectively able to take security over a company's entire business by means of a floating charge over the undertaking. Security documents generally contained very wide powers of appointment such that on default
2109-612: Is an equitable remedy that emerged in the English chancery courts , where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights . Receiverships can be broadly divided into two types: Receiverships relating to insolvency are subdivided into two further categories: administrative/equity receivership, where
2220-442: Is appointed over all of the assets and undertakings of the company. This means that an administrative receiver can normally only be appointed by the holder of a floating charge . Because of this unusual role, insolvency legislation usually grants wider powers to administrative receivers, but also controls the exercise of those powers to try to mitigate potential prejudice to unsecured creditors . Typically, an administrative receiver
2331-502: Is to date the only President in U.S. history to be sworn in by a woman. Johnson was convinced of the need to make an immediate show of transition of power after the assassination to provide stability to a grieving nation. He and the Secret Service , not knowing whether the assassin acted alone or as part of a broader conspiracy , felt compelled to return rapidly to Washington, D.C.; this was greeted by some with assertions that he
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#17327931363512442-588: The Enterprise Act 2002 . The administration regime was changed to make it more attractive, but also barred the right to appoint administrative receivers in any security created after 15 September 2003 (subject to certain specific exceptions). Any attempt to do so takes effect as a power to appoint an administrator. Administrative receivership still forms part of modern insolvency practice. Companies that get into financial difficulty today may well have security packages that were created before 15 September 2003,
2553-430: The 1932 U.S. presidential election , Johnson became a lifelong supporter of Roosevelt's New Deal . Johnson was elected speaker of the "Little Congress", a group of Congressional aides, where he cultivated Congressmen, newspapermen, and lobbyists. Johnson's friends soon included aides to President Roosevelt as well as fellow Texans such as vice president John Nance Garner and congressman Sam Rayburn . In 1935, Johnson
2664-517: The 22nd Bomb Group base, which was assigned the high-risk mission of bombing the Japanese airbase at Lae in New Guinea . On June 9, 1942, Johnson volunteered as an observer for an airstrike on New Guinea. Reports vary on what happened to the aircraft carrying Johnson during that mission. MacArthur recommended Johnson for the Silver Star for gallantry in action; the citation indicated that
2775-668: The Civil Rights Acts of 1957 and 1960 to passage — the first civil rights bills to pass Congress since the Enforcement Acts and the Civil Rights Act of 1875 during Reconstruction . Johnson negotiated a middle course between Northern liberal senators and the Southern bloc of senators who had opposed such legislation by removing key enforcement provisions, such as Title III, which authorized
2886-595: The Federal Housing Finance Agency (FHFA) for government-sponsored enterprises (GSEs) such as Fannie Mae , Freddie Mac , and the 11 Federal Home Loan Banks . Most individual states also have granted receivership authority to their own bank regulatory agencies and insurance regulators. State Insurance Departments are accredited by the National Association of Insurance Commissioners (NAIC)—which states, "State law should set forth
2997-612: The Korean War began in 1950, he called for more troops and for improved weapons. Johnson ensured that every report was endorsed unanimously by his committee. He used his political influence in the Senate to receive broadcast licenses from the Federal Communications Commission in his wife's name. In the 1952 elections , Republicans won a majority in both the House and Senate. In January 1953, Johnson
3108-539: The Los Angeles Superior Court , to address the needs and concerns of receivers, to facilitate communication between the receivership community and the courts, and to assist in raising the level of professionalism of receivers..." The California Receivers Forum reports five local affiliates in the state: Bay Area, Central California, LA/Orange County, Sacramento Valley and San Diego. Court-appointed receivers are "the most powerful and independent of
3219-663: The Naval Affairs Committee . He worked hard for rural electrification , getting approval to complete the hydroelectric Mansfield Dam on the Colorado River near Austin. Johnson also sponsored projects that gave his Texas district soil conservation , public housing , lower railroad freight rates , and expanded credit for loans to farmers. He steered the projects towards contractors he knew, such as Herman and George Brown , who financed much of Johnson's future career. During this time Johnson maintained
3330-613: The Southern Caucus within the Conservative coalition that dominated the Senate. With Russell's support, Johnson won election as Democratic whip in 1951, serving in this capacity until 1953. While serving as whip, Johnson increased his ability to persuade people to reach agreement. As a member of the Senate Committee on Interstate and Foreign Commerce , he was chairman of the Senate subcommittee that refused
3441-511: The United States House of Representatives , he appointed Johnson as his legislative secretary. This marked Johnson's formal introduction to politics. Johnson secured the position on the recommendation of his father and that of state senator Welly Hopkins, for whom Johnson had campaigned in 1930. Kleberg had little interest in the day-to-day duties of a Congressman, instead delegating them to Johnson. After Franklin D. Roosevelt won
Billie Sol Estes - Misplaced Pages Continue
3552-664: The West Coast . In the spring of 1942, President Roosevelt decided he needed better information on conditions in the Southwest Pacific , and wanted a trusted political ally to obtain it. Forrestal suggested Johnson. Roosevelt assigned Johnson to a three-man survey team covering the Southwest Pacific. Johnson reported to General Douglas MacArthur in Australia. Johnson and two U.S. Army officers went to
3663-842: The 1980s began with the Cork Report and culminated in the Insolvency Act 1986 . It put forward two major reforms. First, it put the receiver and manager on a statutory footing: a receiver appointed to all or substantially all of a company's property was now an administrative receiver and subject to some statutory responsibilities. Second, it introduced an " administration order " as an equivalent process to administrative receivership – but available to any company by court order independent of any particular security arrangement. The UK Parliament expected that companies and creditors would use administration in preference to administrative receivership. Crucially, however, Parliament had conceded in
3774-611: The American labor movement". At the same time as his vice presidential run, Johnson also sought a third term in the U.S. Senate. According to Robert Caro: Johnson won an election for both the vice presidency of the United States, on the Kennedy–Johnson ticket, and for a third term as senator (he had Texas law changed to allow him to run for both offices). When he won the vice presidency, he made arrangements to resign from
3885-597: The House, which permitted him to maintain numerous allies, including George Berham Parr , who ran a political machine in the Lower Rio Grande Valley in South Texas. U.S. Senator W. Lee O'Daniel became unpopular during his time in the Senate, and decided to forgo a bid for re-election in 1948, so Johnson began preparing for a close Senate runoff by arranging for his supporters who controlled votes, including Parr, to withhold their final tallies until
3996-497: The Insolvency Act that administrative receivership should have priority – that is, a secured creditor with a floating charge could defeat any attempt to commence an administration by appointing an administrative receiver. As a result, administration was not as popular as lawmakers had envisaged, and secured creditors habitually appointed administrative receivers to enforce security rights. Parliament took more drastic action in
4107-537: The Justice Department and FBI to open investigations into Estes' activities and determine if Secretary of Agriculture Orville L. Freeman had also been "compromised" (Freeman was cleared). Congress conducted hearings on Estes' business dealings, including some that led to Vice President Johnson, a long-time associate of Estes. In 1963 Estes was tried and convicted on charges related to the fraudulent ammonia tank mortgages on both federal and state charges and
4218-592: The Navy Reserve, where he was promoted to commander on October 19, 1949, effective June 2, 1948. He resigned from the Navy Reserve effective January 18, 1964. In 1948 , Johnson again ran for the U.S. Senate and won the general election after being declared winner in a highly controversial Democratic Party primary election against the well-known former governor Coke Stevenson . Johnson drew crowds to fairgrounds with his rented Sikorsky S-51 helicopter, dubbed "The Johnson City Windmill". He raised money to flood
4329-644: The Oval Office and to employ a full-time staff within the White House. In 1961, Kennedy appointed Johnson's friend Sarah T. Hughes to a federal judgeship. Johnson tried but failed to have Hughes nominated at the beginning of his vice presidency. House Speaker Sam Rayburn wrangled the appointment from Kennedy in exchange for support of an administration bill. Many members of the Kennedy White House were openly contemptuous of Johnson, including
4440-486: The Senate and, with Democrats winning the majority in the Senate, he became majority leader . President Dwight D. Eisenhower found Johnson more cooperative than the Senate Republican leader, William F. Knowland of California. Particularly on foreign policy, Johnson offered bipartisan support to the president. Historians Caro and Dallek consider Johnson the most effective Senate majority leader ever. He
4551-427: The Senate rendered him a potential Democratic presidential candidate. James H. Rowe repeatedly urged Johnson to launch a campaign in early 1959, but Johnson thought it was better to wait, thinking that Senator John F. Kennedy 's candidacy would create a division in the ranks that could then be exploited. Johnson's strategy was to sit out the primaries and to rely on his legislative record as Senate Majority Leader ,
Billie Sol Estes - Misplaced Pages Continue
4662-451: The Senate, as he was required to do under federal law, as soon as it convened on January 3, 1961. Johnson was re-elected senator with 1,306,605 votes (58 percent) to Republican John Tower 's 927,653 (41.1 percent). Fellow Democrat William A. Blakley was appointed to replace Johnson, but lost a special election in May 1961 to Tower. After the election, Johnson was concerned about
4773-408: The Senate. The lieutenant governor, Coke R. Stevenson , was not in favor of prohibition, making his possible promotion to Governor a key selling point for the state's business interests in manipulating the election results. In the final vote tally, Johnson fell short by just 0.23% of the vote. While Johnson's loss in the 1941 Senate race was a stinging defeat, he did not have to give up his seat in
4884-523: The South. President Kennedy was assassinated on November 22, 1963, in Dallas , Texas. Later that day, Johnson took the presidential oath of office aboard Air Force One . Cecil Stoughton 's iconic photograph of Johnson taking the oath of office as Mrs. Kennedy looks on is the most famous photo ever taken aboard a presidential aircraft. Johnson was sworn in by District Court judge Sarah T. Hughes and
4995-581: The U.S. House of Representatives in 1937. In 1948, he was controversially declared the winner in the Democratic primary for the U.S. Senate election in Texas before winning the general election. He became Senate majority whip in 1951, Senate Democratic leader in 1953 and majority leader in 1954. Senator Kennedy bested Johnson and his other rivals for the 1960 Democratic presidential nomination before surprising many by offering to make Johnson his vice presidential running mate. The Kennedy–Johnson ticket won
5106-510: The United Kingdom, administrative receivership remains popular. A number of offshore jurisdictions market transaction structures to banks on the basis that they still retain the freedom to appoint administrative receivers in those jurisdictions. Because of their unique role, insolvency legislation usually confers wide powers on administrative receivers under applicable insolvency law, which is usually concurrent with powers granted under
5217-511: The advice of Frank Cain, an attorney for the Pacific Finance Corporation, one of the institutions to which Estes was in debt. Cain told Holland McCombs , a journalist, that Estes made calls to Lyndon Johnson's Washington office while he was being investigated by federal and state agencies, saying he would have Johnson stop the investigation. "I'll get ahold of Lyndon and get him to call it off," Estes said. By "it." he meant
5328-566: The assassination of Kennedy, in exchange for immunity from prosecution and a pardon. According to Estes, Johnson set up the assassination to become president. Estes reiterated the claim in JFK Le Dernier Témoin: Assassinat de Kennedy, Enfin La Vérité! ("JFK The Last Witness: Kennedy's Assassination, Finally The Truth!"), a book he co-wrote with a French writer in 2003. He said that he was not interested in writing
5439-413: The assassination. Receivership In law , receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent . The receivership remedy
5550-622: The attorney general to initiate civil action for preventive relief in a wide range of civil rights matters. Being a Southerner was seen as an impossible barrier for a presidential candidate and towards the end of his Senate career as well as not signing the Southern Manifesto, he distanced himself further from the Southern Caucus in 1959 by joining the Democrat's Western regional conference. In 1960 , Johnson's success in
5661-677: The book—published only in France—but that he was offered "a few hundred thousand dollars" to contribute to it. According to the Associated Press , the allegation was "rejected by prominent historians, Johnson aides and family members." Estes died at his home in DeCordova, Texas , on May 14, 2013, at the age of 88. Lyndon B. Johnson Lyndon Baines Johnson ( / ˈ l ɪ n d ə n ˈ b eɪ n z / ; August 27, 1908 – January 22, 1973), also known as LBJ ,
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#17327931363515772-442: The boys and the girls in that little Welhausen Mexican School, and I remember even yet the pain of realizing and knowing then that college was closed to practically every one of those children because they were too poor. And I think it was then that I made up my mind that this nation could never rest while the door to knowledge remained closed to any American. After Richard M. Kleberg won a 1931 special election to represent Texas in
5883-701: The building of the Berlin Wall . He also attended Cabinet and National Security Council meetings. Kennedy gave Johnson control over all presidential appointments involving Texas, and appointed him chairman of the President's Ad Hoc Committee for Science. Kennedy also appointed Johnson Chairman of the National Aeronautics and Space Council . The Soviets beat the United States with the first crewed spaceflight in April 1961, and Kennedy gave Johnson
5994-535: The creation of Medicare and Medicaid . Johnson made the Apollo program a national priority; enacted the Higher Education Act of 1965 , which established federally insured student loans; and signed the Immigration and Nationality Act of 1965 , which laid the groundwork for U.S. immigration policy today. Johnson's stance on civil rights put him at odds with other white, Southern Democrats . His civil rights legacy
6105-401: The creditor could take over the business immediately and without the input of any court. A receiver appointed to the entire business became known as a receiver and manager . The receiver and manager would typically have extensive powers over the business, including the power to sell it at a time and on terms that suited the appointing creditor. The ability to appoint a receiver and manager was
6216-693: The document(s) underlying his appointment" – i.e., a statute , financing agreement, or court order . The receiver may: Several regulatory entities have been granted power by the Congress to place banking and financial institutions into receivership like the Office of the Comptroller of the Currency for failing nationally chartered commercial banks ; the Office of Thrift Supervision for failing savings and loan associations (thrift institutions); and
6327-487: The executive branch. He drafted an executive order for Kennedy's signature, granting Johnson "general supervision" over matters of national security, and requiring all government agencies to "cooperate fully with the vice president in the carrying out of these assignments". Kennedy's response was to sign a non-binding letter requesting Johnson to "review" national security policies instead. Kennedy similarly turned down early requests from Johnson to be given an office adjacent to
6438-430: The farmers to purchase land from him in Texas and transfer their allotments there, with a mortgage agreement delaying the first payment for a year. Then he would lease the land and allotments back from the farmer for $ 50 per acre. Once the first payment came due, the farmer would intentionally default and the land would revert to Estes; in effect, Estes had purchased the cotton allotments with the lease fees. However, because
6549-469: The general election . Vice President Johnson assumed the presidency in 1963, after President Kennedy was assassinated. The following year, Johnson was elected to the presidency in a landslide , winning the largest share of the popular vote for the Democratic Party in history, and the highest for any candidate since the advent of widespread popular elections in the 1820s. Johnson's Great Society
6660-552: The general election in November and went to Washington, permanently dubbed "Landslide Lyndon". Johnson, dismissive of his critics, happily adopted the nickname. During his two terms in the Senate, Johnson drifted rightward. He felt he had to tread carefully lest he offend politically powerful conservative oil and gas interests in Texas , and in part to curry favor with the chamber's powerful southern chairmen, most notably Senator Richard Russell , Democrat from Georgia and leader of
6771-533: The genius of analogy made The Treatment an almost hypnotic experience and rendered the target stunned and helpless. In 1956, during the Suez Crisis , Johnson tried to prevent the U.S. government from criticizing Israel for its invasion of the Sinai Peninsula . Along with much of the rest of the nation, Johnson was appalled by the threat of possible Soviet domination of space exploration implied by
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#17327931363516882-465: The gift of some roses, writing, "It's wonderful to have friends like you." After the 1961 inauguration, Estes received an invitation from Cliff Carter, a Johnson aide. "Call me in the Vice-President's office as we can serve you." The Pecos Daily News pictured Estes chatting with the Vice-President's daughter during inauguration week. On March 28, 1962, during the leases scandal, Estes sought
6993-693: The head of the President's Committee on Equal Employment Opportunities , where Johnson worked with African Americans and other minorities. Kennedy may have intended this to remain a nominal position, but Taylor Branch contends in his book Pillar of Fire that Johnson pushed the Kennedy administration's actions further and faster for civil rights than Kennedy originally intended. Johnson went on multiple minor diplomatic missions, which gave him some insights into global issues and opportunities for self-promotion. During his visit to West Berlin on August 19–20, 1961, Johnson sought to calm Berliners who were outraged by
7104-447: The hint of threat. It was all of these together. It ran the gamut of human emotions. Its velocity was breathtaking and it was all in one direction. Interjections from the target were rare. Johnson anticipated them before they could be spoken. He moved in close, his face a scant millimeter from his target, his eyes widening and narrowing, his eyebrows rising and falling. From his pockets poured clippings, memos, statistics. Mimicry, humor, and
7215-413: The investigation. Estes contributed large amounts to Johnson's various campaigns for office, but some say that Johnson barely knew Estes, and that Estes was merely a name-dropper. Estes alleged in the 1980s that he had inside knowledge that Johnson was involved in the assassination of Kennedy . In 1984, he provided a voluntary statement to a grand jury in Texas alleging that the homicide of Henry Marshall,
7326-424: The judicially appointed managers." Unlike special masters and monitors, "the receiver completely displaces the defendants: the receiver makes large and small decisions, spends the organization's funds, and controls hiring and firing determinations." Examples of court-appointed receivers include: Administrative receivership is a procedure in the United Kingdom and certain other common law jurisdictions whereby
7437-478: The launch of Sputnik 1 , the first artificial Earth satellite , and used his influence to ensure passage of the National Aeronautics and Space Act of 1958 , which established NASA . Johnson helped establish the Senate Aeronautical and Space Committee , and made himself its first chairman. During his tenure as Majority Leader, Johnson did not sign the 1956 Southern Manifesto , and shepherded
7548-594: The lead... They kept changing the results, and our lead got smaller and smaller and smaller. Finally, on Wednesday afternoon, we wound up on the short side of the stick and lost the election by 1,311 votes. I'm basically responsible for losing that 1941 campaign. We let them know exactly how many votes they had to have. In addition to O'Daniel's allies, state business interests aligned with former impeached and convicted Texas Governor "Pa" Ferguson had been concerned with O'Daniel's support of prohibition as Governor; they believed that he could do much less damage to their cause in
7659-628: The list of voters. Some on this part of the list insisted that they had not voted that day. Election judge Luis Salas said in 1977 that he had certified 202 fraudulent ballots for Johnson. Robert Caro made the case in his 1990 book that Johnson had stolen the election in Jim Wells County, and that there were thousands of fraudulent votes in other counties as well, including 10,000 votes switched in San Antonio . The Democratic State Central Committee voted to certify Johnson's nomination by
7770-401: The mission came under attack and Johnson's aircraft experienced mechanical problems, forcing it to turn back before reaching its objective. Others claim that the aircraft turned back because of generator trouble before encountering enemy aircraft and never came under fire, an account that is supported by the aircraft's official flight records. Other airplanes that continued came under fire near
7881-531: The only ballot at the Democratic convention to Kennedy's 806, and so the convention nominated Kennedy. Tip O'Neill was a representative from Kennedy's home state of Massachusetts at that time, and he recalled that Johnson approached him at the convention and said, "Tip, I know you have to support Kennedy at the start, but I'd like to have you with me on the second ballot." O'Neill replied, "Senator, there's not going to be any second ballot." After much discussion with party leaders and others, Kennedy offered Johnson
7992-483: The original sale and mortgage were a pretext rather than a genuine sale, it was illegal to transfer the cotton allotments this way. Estes, however, a smooth talker revered by many of his fellow members of the Churches of Christ , asserted the allegations as politics. In 1962, after information came to light that Estes had paid off four Agriculture officials for grain storage contracts, President John F. Kennedy ordered
8103-574: The president's brother, Attorney General Robert F. Kennedy , and they ridiculed his comparatively brusque and crude manner. Then Congressman Tip O'Neill recalled that the Kennedy brothers "had a disdain for Johnson that they didn't even try to hide.... They actually took pride in snubbing him." Kennedy made efforts to keep Johnson busy and informed, telling aides, "I can't afford to have my vice president, who knows every reporter in Washington, going around saying we're all screwed up, so we're going to keep him happy." Kennedy appointed him to jobs such as
8214-588: The public became frustrated with both the Vietnam War and domestic unrest, including race riots in major cities and increasing crime. Johnson initially sought to run for re-election; however, following disappointing results in the New Hampshire primary he withdrew his candidacy . Johnson retired to his Texas ranch and died in 1973. Public opinion and academic assessments of Johnson's legacy have fluctuated greatly. Historians and scholars rank Johnson in
8325-468: The race resulted from his fear of losing. Johnson attempted in vain to capitalize on Kennedy's youth, poor health, and failure to take a position regarding McCarthyism . He had formed a "Stop Kennedy" coalition with Adlai Stevenson , Stuart Symington , and Hubert Humphrey, but it proved a failure. Despite Johnson having the support of established Democrats and the party leadership, this did not translate into popular approval. Johnson received 409 votes on
8436-858: The re-nomination of Leland Olds as Chairman of the Federal Power Commission on the grounds that he had been sympathetic towards Communism. Johnson was appointed to the Senate Armed Services Committee , and became increasingly concerned with the country's military preparedness in the Cold War with the Soviet Union . He became chairman of the Senate Preparedness Investigating Subcommittee , and conducted investigations of defense costs and efficiency. After
8547-434: The receiver is granted wide management powers over all or most of the property of a business, and other receiverships (sometimes misleadingly called fixed charge receiverships ) where the receiver has limited control over specific property, with no broader powers beyond managing or selling the individual asset. Receivers are appointed by either a government regulator, privately, or a court. The receiver's powers "flow from
8658-555: The religious beliefs that his family , especially his grandfather, had shared with him. Johnson grew up poor, with his father losing a great deal of money. Biographer Robert Caro described him as being raised "in a land without electricity, where the soil was so rocky that it was hard to earn a living from it." In school, Johnson was a talkative youth who was elected president of his 11th-grade class. He graduated in 1924 from Johnson City High School , where he participated in public speaking , debate , and baseball . At 15, Johnson
8769-594: The rival Pecos Daily News on August 1, 1961. He spent about $ 600,000 and the Independent lost $ 400,000. It was nearly bankrupt when Griffin, its editor, ran (February 12, 1962) the first of four articles describing Estes's fraud but without naming him. Estes was arrested ten days after the last article ran in March. After his arrest, the Daily News went into receivership and the Independent bought it and merged
8880-563: The state with campaign circulars and won over conservatives by casting doubts on Stevenson's support for the Taft–Hartley Act (curbing union power). Stevenson came in first in the primary but lacked a majority, so a runoff election was held; Johnson campaigned harder, while Stevenson's efforts slumped due to a lack of funds. The runoff vote count, handled by the Democratic State Central Committee, took
8991-416: The statewide results were announced. By waiting until the statewide result was reported, Johnson was able to know the figure he had to surpass and so could add as many votes as necessary to his total. It would prove consequential, as Johnson would win the Democratic primary in 1948 by just 87 votes. Johnson was appointed a lieutenant commander in the U.S. Naval Reserve on June 21, 1940. While serving as
9102-685: The support of Southern Democrats , and the favors owed by Democratic senators to him and by Democratic representatives to his close ally Sam Rayburn, the Speaker of the House. In July 1960, Johnson finally entered the campaign. Johnson's late entry, coupled with his reluctance to leave Washington, D.C., allowed rival John F. Kennedy to secure a substantial early lead in securing support from Democratic state party officials. Johnson underestimated Kennedy's endearing charm and intelligence in comparison to his perceived crude and wheeling-dealing "Landslide Lyndon" style. Caro suggests that Johnson's hesitancy to enter
9213-513: The tanks. At the same time, United States Department of Agriculture began controlling the price of cotton, specifying quotas to farmers. The program included an acreage allotment that normally was not transferable from the land it was associated with, but which could be transferred if the original land was taken by eminent domain . Estes worked out a method to purchase large numbers of cotton allotments by dealing with farmers who had been dispossessed of land through eminent domain . He convinced
9324-414: The target about the same time Johnson's plane was recorded as having landed back at the original airbase. Johnson's biographer Robert Caro was quoted as saying "I think that the weight of the evidence at this moment is that the plane was attacked by Zeroes and that he was cool under fire", but also "The fact is, LBJ never got within sight of Japanese forces. His combat experience was a myth." Johnson used
9435-520: The task of evaluating the U.S. space program and recommending a project that would allow the United States to catch up or beat the Soviets. Johnson recommended that the United States gain the leadership role by committing to landing an American on the Moon in the 1960s . Kennedy assigned priority to the space program, but Johnson's appointment provided cover in case of a failure. In August 1963, Johnson
9546-498: The traditionally ineffective nature of his new office and sought authority not allotted to him as vice president. He initially sought a transfer of the authority of Senate majority leader to the vice presidency, since that office made him president of the Senate, but faced vehement opposition from the Democratic Caucus, including members whom he had counted as his supporters. Johnson sought to increase his influence within
9657-609: The two newspapers into the Pecos Enterprise . When Griffin died in 2011, Estes remarked, "It's a good riddance that he left this world." Estes’ schemes were parodied in 1963 by Allan Sherman in the song Shticks of One and a Half a Dozen of the Other, on his album, My Son, the Celebrity . Eight days before being sworn in as Vice-President of the United States in 1961, Lyndon B. Johnson wrote to Estes, thanking him for
9768-400: The upper tier for his accomplishments regarding domestic policy. His administration passed many major laws that made substantial changes in civil rights, health care, welfare, and education. Conversely, Johnson is heavily criticized for his foreign policy, namely escalating American involvement in the Vietnam War. Lyndon Baines Johnson was born on August 27, 1908, near Stonewall, Texas , in
9879-482: The vacancy, meaning that the election would not be held during a normal November election, giving Johnson the chance to run without forfeiting his seat in the House. The election would be held without party primaries, and with no runoff, meaning that Johnson would have to compete against every Democrat — without the chance of facing the frontrunner, Governor W. Lee "Pappy" O'Daniel, in a 1-on-1 runoff election. The first pre-election polls showed Johnson receiving only 5% of
9990-487: The vice presidential nomination at the Los Angeles Biltmore Hotel on July 14, the morning after Kennedy was nominated, and Johnson accepted. From that point to the actual nomination that evening, several facts are in dispute, including whether convention chairman LeRoy Collins ' had the two-thirds majority required to begin the convention's proceedings. Kennedy's choice of Johnson as his running mate
10101-450: The vote tallies. Connally told them to report the votes, which allegedly allowed O'Daniel's political allies among the South and East Texas party bosses to know the exact number of fraudulent votes needed for O'Daniel to catch up to Johnson. According to Connally, The opposition then — Governor O'Daniel and his people — knew exactly how many votes they had to have to take
10212-481: The vote, but Johnson ran a fierce campaign, barnstorming the state and emphasizing his close relationship with President Roosevelt. On Election Day, Johnson held a strong lead in the returns throughout the whole night, and with 96 percent of the ballots counted, Johnson held a 5,000-vote lead. According to John Connally, future Governor and Johnson's campaign manager, local election officials began calling Connally's office and asking him about whether they should report
10323-499: Was "The Treatment", described by two journalists: The Treatment could last ten minutes or four hours. It came, enveloping its target, at the Johnson Ranch swimming pool, in one of Johnson's offices, in the Senate cloakroom, on the floor of the Senate itself – wherever Johnson might find a fellow Senator within his reach. Its tone could be supplication, accusation, cajolery, exuberance, scorn, tears, complaint, and
10434-571: Was a great-grandson of Baptist clergyman George Washington Baines . Johnson's paternal grandfather, Samuel Ealy Johnson Sr. , was raised Baptist and for a time was a member of the Christian Church (Disciples of Christ) . In his later years, Samuel Sr. became a Christadelphian ; Samuel Jr. also joined the Christadelphian Church toward the end of his life. Johnson was influenced in his positive attitude toward Jews by
10545-595: Was a temporary exposure to danger calculated to satisfy Johnson's personal and political wishes, but it also represented a genuine effort on his part, however misplaced, to improve the lot of America's fighting men." In addition to the Silver Star, Johnson received the American Campaign Medal , Asiatic-Pacific Campaign Medal , and the World War II Victory Medal . He was discharged from active duty on July 17, 1942, but remained in
10656-488: Was aimed at expanding civil rights, public broadcasting, access to health care, aid to education and the arts, urban and rural development, consumer protection, environmentalism, and public services. He sought to create better living conditions for low-income Americans by spearheading the war on poverty . As part of these efforts, Johnson signed the Social Security Amendments of 1965 , which resulted in
10767-533: Was appointed head of the Texas National Youth Administration , which enabled him to create government-funded education and job opportunities for young people. He resigned two years later to run for Congress. A notoriously tough boss, Johnson often demanded long workdays and work on weekends. He was described by friends, fellow politicians, and historians as motivated by lust for power and control. As Caro observes, "Johnson's ambition
10878-404: Was chosen by his fellow Democrats as Senate Minority Leader ; he became the most junior senator ever elected to this position. He reformed the seniority system so that Democratic senators, including freshmen, were more likely to receive a committee assignment that closely aligned with their expertise rather than an assignment based solely on their seniority. In 1954 , Johnson was re-elected to
10989-713: Was convicted of other fraud charges and served four more years. Oscar Griffin Jr. , the journalist who uncovered the storage tank scandal, later received the 1963 Pulitzer Prize for his articles for a weekly newspaper in Pecos, Texas . To improve his 1961 candidacy for Reeves County school board , Estes offered the local newspaper large advertising buys in exchange for not opposing him. The Pecos Independent responded with an editorial that said, "We will put our advertising columns up for sale, as will any other newspaper, but we WILL NOT sell our editorial support." In response, Estes launched
11100-419: Was heavily involved in the Texas anhydrous ammonia business. He produced mortgages on nonexistent ammonia tanks by convincing local farmers to purchase them on credit, sight unseen, and leasing them from the farmers for the same amount as the mortgage payment, paying them a convenience fee as well. He used the fraudulent mortgage holdings to obtain loans from banks outside Texas who were unable to easily check on
11211-470: Was in too much haste to assume power. In response to the public demand for answers and the growing number of conspiracy theories , Johnson established a commission headed by Chief Justice Earl Warren , known as the Warren Commission , to investigate Kennedy's assassination. The commission conducted extensive research and hearings and unanimously concluded that Lee Harvey Oswald acted alone in
11322-499: Was intended to attract Southern votes. Kennedy was a liberal Bostonian and a Roman Catholic . Johnson was more conservative, a Southerner , and a member of the Disciples of Christ . Nevertheless, labor leaders were unanimous in their opposition to Johnson. AFL-CIO President George Meany called Johnson "the arch-foe of labor", and Illinois AFL-CIO President Reuben Soderstrom asserted Kennedy had "made chumps out of leaders of
11433-484: Was planning on dropping Johnson from the Democratic ticket in the 1964 presidential election . However, on October 31, 1963, a reporter asked if he intended and expected to retain Johnson on the ticket. Kennedy replied, "Yes to both those questions." There is little doubt that Robert Kennedy and Johnson hated each other, yet John and Robert Kennedy agreed that dropping Johnson from the ticket could produce heavy losses in
11544-563: Was poor. Johnson told Forrestal that the Pacific Fleet had a "critical" need for 6,800 additional experienced men. Johnson prepared a twelve-point program to upgrade the effort in the region, stressing "greater cooperation and coordination within the various commands and between the different war theaters". Congress responded by making Johnson chairman of a high-powered subcommittee of the Naval Affairs Committee, with
11655-531: Was sentenced to 24 years in prison. His state conviction was later overturned by the United States Supreme Court in Estes v. Texas , 381 U.S. 532 (1965). His appeal hinged upon the alleged impossibility of a fair trial due to the presence of television cameras and broadcast journalists in the courtroom. He prevailed by a 5–4 vote. Estes was paroled in 1971. Eight years later, he
11766-521: Was shaped by the Civil Rights Act of 1964 , the Voting Rights Act of 1965 , and the Civil Rights Act of 1968 . Due to his domestic agenda, Johnson's presidency marked the peak of modern American liberalism in the 20th century. Johnson's foreign policy prioritized containment of communism, including in the ongoing Vietnam War . Johnson began his presidency with near-universal support, but his approval declined throughout his presidency as
11877-480: Was the 36th president of the United States , serving from 1963 to 1969. He became president after the assassination of John F. Kennedy , under whom he had served as the 37th vice president from 1961 to 1963. A Democrat from Texas , Johnson previously served as a U.S. representative and U.S. senator . Born in Stonewall, Texas , Johnson worked as a teacher and a congressional aide before winning election to
11988-480: Was the youngest in his class. Pressured by his parents to attend college, he enrolled at a "sub college" of Southwest Texas State Teachers College (SWTSTC) in the summer of 1924, where students from unaccredited high schools could take the 12th-grade courses needed for admission to college. He left the school just weeks after his arrival and decided to move to California. He worked at his cousin's legal practice and in odd jobs before returning to Texas, where he worked as
12099-802: Was touched by a Senate scandal when Bobby Baker , the Secretary to the Majority Leader of the Senate and a protégé of Johnson's, came under investigation by the Senate Rules Committee for alleged bribery and financial malfeasance. One witness alleged that Baker arranged for the witness to give kickbacks for the Vice President. Baker resigned in October, and the investigation did not expand to Johnson. The negative publicity, however, fed rumors in Washington circles that Kennedy
12210-409: Was uncommon – in the degree to which it was unencumbered by even the slightest excess weight of ideology, of philosophy, of principles, of beliefs." In 1937, after the death of 13-term congressman James P. Buchanan , Johnson successfully campaigned in a special election for Texas's 10th congressional district , which included Austin and the surrounding Texas Hill Country . He ran on
12321-470: Was unusually proficient at gathering information. One biographer suggests he was "the greatest intelligence gatherer Washington has ever known", discovering exactly where every senator stood on issues, his philosophy and prejudices, his strengths and weaknesses, and what it took to get his vote. Bobby Baker claimed that Johnson would occasionally send senators on NATO trips so they were absent and unable to cast dissenting votes. Central to Johnson's control
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