Moody persuaded his father to open a bank in 1889. He was a sickly child, one of only three of the six Moody children who lived to adulthood. At Rice University, one of the endowed chairs is for the W. L. Moody Jr. City National Bank Building, founded by Lewis Moody. A [2] Moody died at home in 1996, after suffering from years of chronic high blood pressure and kidney disease. Mary Elizabeth Moody Northen, Col. Moody’s granddaughter and eldest child of W. L. Jr. and Libbie Rice Shearn, ushered the family’s interests into the 1980s, and they endure today in numerous businesses, nonprofits and family trusts still operated by Moody descendants. / He also owned as many as eleven ranches in Texas and Oklahoma. A soap opera—style drama—starring Galveston’s first family—plays out in federal court. The suit claims Ross and the other board members breached their fiduciary duties to the company by, among other things, failing to adequate investigate, failing to obtain legal opinions on the legality of the Brazilians sales, refusing his demands for action and generally acting under “the heavy influence” of Ross. The Moody Family is well known throughout Galveston Island, Texas and is a strong supporter of community interests. [1][3][4], In his later years, Moody devoted much of his time to his work on the board of directors of Moody Gardens. In 1884–85 he and his brother Frank went to Germany to further their education. Their family home, "The Moody Mansion", is now a museum. We created this eBook for you, and it was made possible through the contributions of our members and supporters. Vertical Files, Dolph Briscoe Center for American History, University of Texas at Austin. accessed November 03, 2020, Contacts, Department of Speech, Language, and Hearing Sciences, Stan Richards School of Advertising & Public Relations, Knight Center for Journalism in the Americas, Technology and Information Policy Institute, Wofford Denius UTLA Center for Entertainment & Media Studies.

As Mary Elizabeth grew up, W. L. Jr. educated her on the intricacies of finance and corporate politics. The House of Moody (publication of the Moody Club, Galveston), 1954. Galveston, Texas started its life as a city with a lot of families who would become rich as a result of the many businesses a very prolific and active seaport would sustain. [3], On August 26, 1890,[2] Moody married Libbie Rice Shearn. [1][2][3] Moody was also the grandson of insurance and financial tycoon William Lewis Moody Jr.[4], Shearn Moody Jr., was born on May 23, 1933, to Shearn Moody Sr. and Frances Moody Newman in Galveston, Texas. 1322 Space Park Drive, Suite A248 Houston, Texas 77058. He and his wife Libbie had four children – Mary Elizabeth, William Lewis III, Shearn and Libbie. In 1923 Moody purchased the Galveston Daily News, the oldest newspaper in Texas, from Alfred H. Belo. [12], In 1942, Moody and his wife set up the Moody Foundation, to which Moody's estate was transferred after his death. When the estate was transferred to the foundation on December 29, 1959, the foundation became one of the largest in the United States. A may 26, 2020 The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this entry. “Aunt Jimmy” sues Galveston’s first family. Moody had entered the insurance business in 1905 by helping to organize the American National Insurance Company. Frances Moody's surname is synonymous with Galveston. The philanthropic legacy of the Moody family of Galveston is carried on today by the Moody Foundation and the Mary Moody Northen Endowment.

The Moodys of Galveston are among the most distinguished Texas families. Moody felt that the court system was corrupt and believed that his enemies used the legal system to try to steal his wealth and power; he claimed to have employed "several hundred" lawyers in various legal battles and even at one point hired nationally known lawyer Roy Cohn to help in his ongoing litigation problems. As of 4 December 2018 Robert still owns at least 1,166,396 units of National Western Life stock. W. L. Jr. quickly demonstrated his financial genius, and he began to take charge of the wide-ranging Moody enterprises in the 1890s. Moody Family Papers, Mary Moody Northen Foundation, Galveston, Texas. The family’s varied business interests generate great revenue, and now an equally massive family fight. More information can be found at the Moody Foundation website -  moodyf.org, 300 W. Dean Keeton (A0900) Texas A&M University Press publishes a series of books called the "W. L. Moody Jr. Natural History Series". The University of Texas has described the Galveston Moody family as “among the most distinguished Texas families”. All Rights Reserved. / And as the Galveston Regional Chamber of Commerce's director of special events, it's her job to know the lay of the (is)land. The company was founded on October 1, 2015 and is headquartered in Austin, TX. Nothing on this website or blog should be interpreted as legal advice or the creation of an attorney-client relationship.

As a result, Brazilian policy sales dramatically increased. Since then, the Moodys’ businesses have remained in family hands. The Moody Foundation grew to be one of the largest private foundations in Texas, awarding grants across Texas to private colleges and universities, children’s health projects, preservation projects and libraries. reset. “Moody, William Lewis, Jr.,” [1][5] The Foundation awards grants to various civic and environmental causes in Texas. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner. The University of Texas has described the Galveston Moody family as “among the most distinguished Texas families”. 1322 Space Park Drive, Suite A248 Houston, Texas 77058 across from NASA and the Johnson Space Center, Brothers Face Off in Massive Galveston Lawsuit.

It offers a broad portfolio of individual whole life, universal life and term insurance plans, and annuities, including supplementary riders. Robert then alleges that, in 2015, the company revealed for the first time that Brazilian authorities had imposed an approximately six billion dollar penalty against it, for the alleged unlawful sale of insurance in Brazil without a license. [5] His father died in 1936, while he was an infant. [2][3] Following that, he studied law at the University of Texas before going to work at his father's cotton business in Galveston in 1886. The most active insiders traders include Robert L Moody, Ross R Moody, and E Douglas Mc Leod. The University of Texas has described the Galveston Moody family as “among the most distinguished Texas families”. [2] After a trial that included accusations of witchcraft,[7] Moody singing a risque song he had commissioned about the legal profession,[8] and threats to "blow the legs off" former Watergate attorney Douglas Caddy,[9][10] a federal appellate court overturned the convictions. The Moodys of Galveston are among the most distinguished Texas families. Shearn Moody Jr. (May 23, 1933 – June 25, 1996) was an American financier, entrepreneur, and philanthropist from Galveston, Texas.He was heir to a financial empire as well as a convicted felon and originator of the Moody Gardens resort complex. The board members and company have hired superstar level defense counsel who have come out swinging in their defense. Insiders trading at National Western Life. A moody foundation awards $250k to hidalgo county for covid-19 relief. We are not your attorney. In 1927 he formed the National Hotel Corporation, which built such hotels as the Buccaneer and the Jean Lafitte in Galveston and acquired a number of other hotels including the Menger Hotel in San Antonio, the Galvez in Galveston, Mountain Lake in Virginia, and the Hotel Washington in Washington, D.C. Moody purchased the Galveston News, the oldest continuously operating newspaper in Texas, from Alfred H. Belo in 1923; three years later he acquired the Galveston Tribune. According the website of the school’s Moody College of Communication, the “Moody's established one of the most prosperous entrepreneurial and philanthropic legacies in the country”.

Both charitable foundations are major forces in health care, education, historic preservation, and the arts. The Moodys' daughter Mary helped run the foundation from its inception until her death in 1986, and members of the family are still involved.
Family loyalty stood behind the Moodys’ success in business. [3], In 1930, Moody founded the National Hotel Company. In 1908 he bought out his partners and was able to take advantage of new state laws designed to encourage insurance firms in Texas and expand the company. [3], His grandfather, William L. Moody Jr., made a fortune by founding the American National Insurance Company, and the younger Moody hoped to follow in his grandfather's footsteps by establishing the Alabama-based Empire Life Insurance Company.
You can see the complete history of Robert Moody stock trades at the bottom of the page. She oversaw more than 50 national corporations, including as president of the American National Insurance Corporation. Through hard work and commitment to family, the Moodys established one of the most prosperous entrepreneurial and philanthropic legacies in the country and have come to represent the essence of Texas and the notion that learning and innovation can spark civic transformation. Robert Moody owns over 8,500 units of National Western Life stock worth over $203,711,061 and over the last 10 years Robert sold NWLI stock worth over $0. The foundation focused on a small number of projects, including the Moody State School for Cerebral Palsied Children, before Moody's death. Moody married Libbie Rice Shearn of Houston at Hull, Massachusetts, on August 26, 1890.

3, 1951-1960. Texas State Historical Association (TSHA), http://www.law.cornell.edu/uscode/17/107.shtml. Currently, all three serve as trustees of the Moody Foundation, which continues to provide grants primarily in Austin, Dallas, Galveston and Houston with an emphasis on education, social services, children's needs and community development. In 1927, W. L. Moody Jr. also acquired the Galveston Tribune, the afternoon newspaper. Over the last 5 years, insiders at National Western Life have traded over $238,200 worth of National Western Life stock. Moody's legacy to the people of Texas was the Moody Foundation of Galveston, established by Moody and his wife in 1942. He remained close to William Jennings Bryan until Bryan's death in 1925. [3][4] Moody had long served on the board of the charitable foundation, helping to direct millions of dollars in grants to just causes. may 29, 2020 moody foundation distributes awards to graduating galveston moody scholars. The largest trade Robert's ever made was exercising 39,750 units of National Western Life stock on 1 March 2013 worth over $6,942,338. © 2018 by The Law Office of Phil Griffis. Moody was active until two days before his death, on July 21, 1954. Frances Moody's surname is synonymous with Galveston.


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