Mount Pleasant Tribune (Mount Pleasant, Tex.), Vol. 144, No. 77, Ed. 1 Saturday, August 25, 2018 Page: 4 of 14
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PERSPECTIVES
Page 4 • TribNow.com
August 25,2018
Consider financial gifts for your grandchildren
ByTRACY FARR
And the world moves on
Famous Ranger gets into big trouble in Brownsville
© Copyright 2018 Mount Pleasant Tribune
confined to quarters.
$28.80 to “Bartee Haile,” P.O. Box 130011, Spring, TX
Shortly after midnight on Aug. 13, twenty or so slipped 77393 or order on-line at barteehaile.com.
U/wliami acebook
Mt. Pleasant Tribune
The View
From A Farr
Published Wednesdays and Saturdays, plus daily online at tribnow.com
Periodical postage paid at Mount Pleasant, Texas under Act of March 31,1916.
Mark Henry, Publisher
mark@tribnow.com
Maria Moya, Bookkeeper,
Classifieds, Circulation
maria@tribnow.com
Leslie Brosnan, Advertising
Ieslie@tribnow.com
TEXAS PRESS
AEHOCIATIOH
t
ke-.
-n
Financial
Focus
Provided by
David Patterson
Financial Advisor
This Week in
Texas History
By BARTEE HAILE
out of their barracks
and over the three-foot
wall that separated the
fort from the center of
Brownsville. An estimat-
ed 60 rounds were fired,
including a volley into a
saloon that killed the bar-
tender and pot shots at
Tracy Farr, Reporter
903-572-1705
e-mail tracy@tribnow.com
Miranda Oglesby, Reporter
miranda@tribnow.com
National Grandparents
Day is observed on Sept.
9. If you’re a grandparent,
you may get some gifts or
cards - or maybe even a
phone call! But you might
feel that it’s better to give
than to receive, especial-
ly when it comes to your
Mount Pleasant Tribune
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Tejas
* 7 r/a Sondom
34,,
ceive. Although a 529 plan
owned by a grandparent
won’t be reported as an
asset on the Free Applica-
tion For Federal Student
Aid (FAFSA), withdrawals
from the plan are treat-
ed as untaxed income to
the beneficiary (i.e., your
11
Wil TUT"
A Congressman, the
political boss of the Rio
Grande Valley and the may-
or of Brownsville all told
Capt. Bill McDonald of the
Texas Rangers on Aug. 24,
1906 that he had made a big
mistake by arresting mili-
tary personnel on federal
I’m not really sure what’s going on over there next
to the Verizon store on South Jefferson. I drove by the
other day and there’s just a slab of concrete where there
used to be something, but for the life of me I can’t re-
member what.
The Verizon store used to be a gas station; gas used to
come in more than just one flavor; the drive-in is now
a trailer manufacturer; drive-thrus are a dime a dozen;
and a dime will never again buy you a cup of coffee.
That’s life. Eso es vida. C’est la vie.
The Martin theater is now a church; the old First Bap-
tist Church building is now the place to go for revivals
on financial management; the library used to be in the
old post office; and let’s not talk about the courthouse
- a once handsome old building covered up by years of
“let’s get with the times” until it became what it is today,
which isn’t all that bad depending on your point of view.
I walked around the courthouse a while back, sat on
a bench, drank a tall latte and thought to myself, “This
life could be a whole lot worse.”
There used to be a train depot just off the square. Now
there’s just an empty plot of dirt and sand that doesn’t
know what to do with itself. Last Friday I stood in the
middle of what once was the depot’s loading platform,
trying to hear the voices of the men who waited for the
Cotton Belt steam engine to take them to World War II,
but I was 70 years too late. The train and men had long
left the station.
Turning south you can still see the old smoke stack
for Borden’s. Men and boys would collect milk from
local dairy farms and bring it back to the factory to
be pasteurized. Milkmen would deliver cold bottles
of truly fresh milk right to your doorstep, and nobody
was lactose intolerant. Today I put Almond milk in my
morning coffee. It’s just not the same.
The ghost of Bull Durham continues to look down on
the square, but Rogers Hardware Store is now a pizza
parlor; a parking lot displaced The Stephens Hotel years
ago; The Texan movie theater stands empty, looking for
a lessor; and if I told you where the old Titus County Jail
once stood, you would never again believe a word I say.
Thing is, things change. Things come and go. New
things replace old things. Old thingamajigs get replaced
by new doohickeys. Groovy ain’t cool anymore, and bad
got replaced with da bomb long before being dope was
litty.
The world moves on, and that’s a good thing.
Bess Caldwell owned a beautiful house that was
across the street from Harold Richardson Grocery and
Feed Store to the north, and Butternut Bakery to the
west. When she died, she willed the property to the city,
stipulating that it be turned into a downtown park. To-
day, Caldwell Park sports a splash pad, a gazebo and
is a great place to walk your dog, or visit the Farmer’s
Market when it’s in season.
I doubt the change would have bothered dear old Bess
one iota.
grandchildren. And you can make a real difference in grandchild) — and that has a big impact on financial aid.
their lives by making a financial gift for their future. So, you may want to contact a financial aid professional
For starters, think about your grandchildren’s educa- about the potential effects of any gifts you’re considering,
tion. If college or some type of vocational school is in A 529 savings plan isn’t the only financial gift you could
their future, you may want to help them meet some of give to your grandchildren. You also might consider giv-
the costs, which can be considerable. One common ed- ing them shares of stock, possibly held in a custodial ac-
ucation-savings vehicle is a 529 savings plan. With this count, usually known as an UTMA or UGMA account,
plan, earnings on withdrawals are tax free, provided they However, you only control a custodial account until your
are used for qualified education expenses. (Keep in mind grandchildren reach the age of majority as defined by
that 529 savings plan distributions not used for qualified state law, at which time they take it over. They then can
expenses may be subject to ordinary income tax and a use the money for whatever they want - and their plans
10% IRS penalty on the earnings.) You also may be eli- may not have anything to do with books or classes.
gible for a state income tax incentive for contributing to Still, your grandchildren might be particularly inter-
a 529 savings plan. Check with your tax advisor about ested in owning the stocks contained in the custodial
these incentives, as well as all tax-related issues pertain- account - many young people enjoy owning shares of
ing to 529 savings plans. companies that make familiar products. And your gift
A 529 savings plan’s contribution limits are quite gener- may even get your grandchildren interested in long-term
ous. And, as the owner of a 529 plan, you have flexibility investing.
in choosing where the money goes - if your grandchild No matter what type of financial gifts you give to your
decides against college or another type of advanced edu- grandchildren, make sure your keep enough money to
cation, you can transfer the plan to another beneficiary, pay for your own needs. It’s important to balance your
And due to recent tax law changes, the scope of 529 plans personal savings needs with your desire to be generous,
has been expanded to include qualified withdrawals of up Giving financial gifts can be rewarding - to you and
to $10,000 for tuition expenses per year per beneficiary your grandchildren. Consider exploring some possibili-
at public, private or religious elementary or secondary ties soon.
schools. Be aware, though, that a 529 savings plan could This article was written by Edward Jones for use by your
affect any financial assistance your grandchild might re- local Edward Jones Financial Advisor.
property. curious guests peeking out their hotel room windows.
After losing his father to a Yankee sniper and the fam- After eight to ten minutes of indiscriminate shooting,
ily plantation to carpetbaggers, the young Mississippian the soldiers returned to their barracks. All were present
and his mother took refuge with relatives in East Texas, and accounted for ten minutes later at an emergency roll.
Handicapped by a poor education, a lack of wage-earn- From Dallas, where he was acting as sergeant-at-arms
ing skills and a giant chip on his shoulder, the newcomer at the state Democratic convention, Capt. McDonald
faced a bleak future. monitored the military inquiry. When a week went by
Then in 1876 Bill McDonald fearlessly disarmed and without the identification of a single suspect, he headed
dragged to jail a drunken bully, who was the terror of for Brownsville picking up two Rangers and a district
Mineola. Grateful citizens rewarded the young hero with judge on the way.
a job as deputy sheriff and a career in law enforcement. McDonald gained admission to Fort Brown at gun-
McDonald wandered west seven years later to the fugi- point on Aug. 22 and cowed the commanding officer into
tive-infested Texas Panhandle and Indian Territory. The letting him question scores of soldiers. He went back the
bantam-weight manhunter with two huge pearl-handled next morning with arrest warrants for a dozen and put
pistols on his hips brought dozens of dangerous despera- them in the guardhouse for safekeeping.
does to justice. But by the following day, the tide had turned against
McDonald’s well publicized exploits earned him an ap- the cantankerous captain. Congressman and future
pointment in 1891 as a captain in the Texas Rangers. He vice-president John Nance Garner, Judge Jim Wells, un-
roamed the state putting into practice his famous philos- disputed boss of South Texas, the Brownsville mayor and
ophy that “no man in the wrong can stand up against a the judge, who had issued the warrants, decided McDon-
fellow that’s right and keeps on acomin!” aid had gone off half-cocked and had to be reined in.
McDonald never knuckled under to vigilantes no mat- Backed by 50 armed citizens, local officials confronted
ter what the odds. In 1896 he faced down a Wichita Falls McDonald and his four-Ranger escort that evening in a
mob that wanted to string up two prisoners in his custody, hotel lobby. The district judge stepped forward and loud-
“Damn your sorry souls!” he snarled. “March out of here ly demanded the return of the warrants.
and get away from this jail, every one of you, or I’ll fill this “I’ll tell you, Judge,” drawled McDonald. “You all look
yard with dead men!” like fifteen cents in Mexican money to me.” He defiantly
The colorful captain compensated for his small stature stood his ground and dared them to take the documents
with a toughness bordering on the unbelievable. After by force.
sustaining four gunshot wounds in an ambush at Quanah, At that tense moment, a telegram arrived from the gov-
he had the bullets removed without anesthetic. ernor with strict instructions for McDonald to butt out.
Three companies of black infantry arrived at Fort He grudgingly obeyed, and the three companies of black
Brown on the southern tip of Texas on Jul. 28, 1906. The infantry, including the 12 accused, left Brownsville at sun-
170 veterans of combat against the Sioux, the Spaniards rise.
in Cuba and guerrillas in the Philippines expected to be While none were ever directly punished for the 1906
treated with respect. rampage and the murder of the bartender, every enlist-
For the proud soldiers the Jim Crow segregation of ed man was dishonorably discharged for withholding the
Brownsville was a humiliating slap in the face. Refused names of the guilty parties.
service in the white-owned saloons and other public busi- As for Bill McDonald, two months after the Browns-
nesses, they were welcomed only by the comparatively ville Affair he retired from the Texas Rangers. President
few Mexican proprietors. Woodrow Wilson appointed him federal marshal for the
A private was pistol-whipped on Aug. 5 for failing to northern district of Texas in 1912, and he died on the job
yield the sidewalk right-of-way to a group of white worn- in January 1918.
en by stepping into the street. Eight days later, the report “Unforgettable Texans,” Bartee’s fourth and latest book,
of an attempted rape resulted in the black troopers being is still available. Get your copy by mailing a check for
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Mount Pleasant Tribune (Mount Pleasant, Tex.), Vol. 144, No. 77, Ed. 1 Saturday, August 25, 2018, newspaper, August 25, 2018; Mount Pleasant, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1429179/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Mount Pleasant Public Library.