The Press: A Texan Takes the Star

At a dinner party in Paris some time ago, an unobtrusive Houston banker named Joe L. (for Lewis) Allbritton listened quietly while a French Cabinet Minister told the story of how a rich Texan had bought a bank in Luxembourg for $5 million, cash in hand. When the Frenchman finished his tale, Allbritton spoke up with a grin: "I heard about that, and I know the fella involved."

Last week the fella from Houston turned up in Washington, this time with an even bigger bundle in hand. Allbritton signed an agreement to pay $25...

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