Riding for a Fall

John Connally's bad breaks

When the final gavel thumped down at the auction up at John Connally's 7,300- acre spread near Floresville, Texas, last Saturday, 126 of his prized Thoroughbreds and quarter horses had been sold off for nearly $400,000. Two of the latter were the progeny of a proud champion, Dash for Cash. The . stallion's name was apt, for the auction came at a time when Connally himself is making a run for money. Numerous creditors are pursuing the former Texas Governor and U.S. Treasury Secretary for millions in unpaid loans on a host of flailing ventures. Connally, a man as outsize as...

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