AUCTIONS: Back in the Saddle Again

Back in the Saddle Again

You can't keep a Texan down. Only last week John Connally, the bankrupt former Governor, auctioned off personal belongings ranging from saddles to paintings for $2.75 million. That is only a fraction of the $48.75 million that Connally's failed real estate empire still owes. But Connally may have a ! promising new job lined up. An old friend, Edward Bennett Williams, the high- powered Washington lawyer, is said to be thinking of inviting him to join his law firm.

Connally has already found other work as well. Houston's University Savings, the state's fourth largest thrift, has cast the former Treasury Secretary...

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