1927 The Texas Almanac and State Industrial Guide Page: 34
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The Dallas Morning News
The year, 1926, witnessed the reorganization of the oldest business institution
in Texas, by which A. H. Belo & Company became the A. H. Belo Corporation.
Reorganization was effected for the purpose of bringing the control of the Belo
publications back into the hands of residents of Texas. The Dallas Morning News
and associated publications had been built up by the efforts of Texans, but by
reason of death of the founders and the marriage and removal from Texas of their
heirs the control had fallen largely into the hands of non-residents of the State.
Officers of the new corporation are: G. B. Dealey, president; Walter A. Dealey,
vice president; John F. Lubben, secretary and treasurer. The directors are G. B.
Dealey, WTalter A. Dealey, John F. Lubben, Tom Finty Jr., Ennis Cargill, E. M.
Dealey and E. B. Doran. The members of the Belo family transferred their interests
in the old corporation into the new but in a form which divested them of control.
This passed to G. B. Dealey and those who have long been associated with him
in the management of the properties, by Mr. Dealey's acquirement of the majority
of the Voting stock, the minority of which is held by the other officers and directors
of the new corporation.
Following is from an announcement of the reorganization appearing in The
Dallas News, July 16, 1926:
"The purpose of reorganization is to assure continuity of management which
has directed The News and its associate publications for many years. It is meant
to effect a unification of power and authority to the end that the policies and ideals
which have characterized the Belo publications shall not be exposed more than is
unavoidable to the hazards of death. It is meant to perpetuate the life of an
institution by assuring to it a continuance of the same inspiration and direction
which have guided it for many years. Its service to the people of Texas in the past
is thus made the guarantee of its service to them in the future."
This publishing institution had its beginning in the founding of The Galveston
News at Galveston, Texas, April 11, 1842, while Texas was an independent Republic.
It is now the oldest business institution of any kind in Texas. The founder was
George French, who was succeeded shortly by Wilbur Cherry, who in turn was
succeeded by Willard Richardson, who was largely responsible for the continuance
of publication of the Galveston News throughout the dark days of the Civil War,
in which time it was necessary, for a brief space, to publish the paper in Houston.
Col. A. H. Belo, who had just laid down his arms in the service of the Con-
federacy, became associated with the firm in 1865. A few years later Robert G.
Lowe, D. C. Jenkins and Thomas W. Dealey joined the organization. In 1874,
G. B. Dealey, young brother of Thomas W. Dealey, and now president of the
corporation, entered the employment of The News as an office boy.
Mr. Richardson died in 1875 and Col. Belo bought the interest of his estate,
changing the name from Richardson, Belo & Company, to A. H. Belo & Company.
Six years later, the business was incorporated under this name.
Throughout- the stormy era of reconstruction, following the close of the Civil
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1927 The Texas Almanac and State Industrial Guide, book, 1927~; Dallas, Texas. (texashistory.unt.edu/ark:/67531/metapth123785/m1/38/: accessed July 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.