Texas Almanac, 1947-1948 Page: 40
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TEXAS ALMANAC -1947-1948
quency modulation station had been
granted, but KERA was not completed
and put on the air until a few months
after his death.
In 1923 Dealey came to a decision
which sentiment alone for years had kept
him from advising This was the sale of
The Galveston Daily News, which was
acquired by W. L Moody and associates
in the island city. Corporate headquarters
were transferred at the time to Dallas,
and the Galveston edition of the Semi-
Weekly Farm News was combined with
that of Dallas This combined edition was
published until discontinuance through
merger with The Dallas News in 1940.
The Semi-Weekly Farm News had been
the original unit of Richardson's paper
established on April 11, 1842, and the
perpetuation of its spirit in The Dallas
News of today is symbolic of the more
than 105 years of existence of this oldest
business institution in Texas.
Becomes Publisher.
The Dallas News and associated enter-
prises were a firmly established and
eminently successful business enterprise
when the fiftieth anniversary of Dealey's
joining the organization rolled around on
October 12, 1924. At the end of a half
century of service he enjoyed, as did The
News itself, a state-wide and even nation-
wide prestige. His second son, E. M (Ted)
Dealey, had joined the company some
ten years before and was a star in his
own right in the editorial side. His older
son, Walter, was his right hand on the
business and executive side Dealey him-
self was now 66 years old, an age at
which many men with his record of
achievement would have been content to
retire. Not so this stouthearted youth
who shortly afterward took the boldest
and most adventurous step of his life In
1926 he bought The News and all its
assets from the heirs of Colonel Belo
There were no great accumulated re-
serves of family wealth which Dealey
could draw upon to make a purchase
outright of such magnitude as this The
company and its holdings were valued at
several millions of dollars. Such was his
faith, however, in the property and in his
own ability to meet whatever might be
ahead that he did not hesitate to assume
large obligations of debt beyond the down
cash payments. During the succeeding last
twenty years of his life he justified that
faith magnificently. In spite of the sever-
est economic depression in history which
hit less than three years later, he rode out
the storms and vicissitudes of the thirties,
paying off the purchase obligations in
record time and bringing The News to a
new high of sound prosperity In the
midst of this titanic effort he was griev-
ously wounded by the death of his olderson, Walter Dealey, in 1934. His younger
son now moved closer to his side while a
son-in-law, James M Moroney, also joined
the executive staff. But it was not until
1940 that he accepted the slightly less
onerous post of chairman of the board.
with E. M. (Ted) Dealey becoming his
successor as president.
The final two decades of Dealey's life
were the culmination and fruition of his
dreams and ambitions. There was a mel-
lowing of his personality without any
corresponding weakening of those quali-
ties of will po er, perception and decision
which had characterized him from youth
His character seemed to flower fullest in
the sunset glow. Even in physical being
he enjoyed remarkable health to the last.
The projects and interest he had long
since set afoot also prospered and devel-
oped further in the later years of his life.
Dallas made great strides toward the
clean, efficient and attractive metropolis
which he had dreamed of half a century
earlier The Kessler Plan program un-
folded into the Ulrickson program, which
in turn was followed by the Master Plan
of 1945 with its $40,000,00 of improve-
ments. The Trinity River as it coursed
through Dallas was at last harnessed and
tamed to heal the age-old gap between
two major parts of the city. Texas grew
and prospered beyond the fondest hopes
of the pioneers, great industries such as
oil and manufacturing being added to
basic agriculture, ranching and forestry
Even the Second World War, distressing
as was its toll, revealed the present and
future importance of the Southwest in
the life of the nation and the world
Honored by Many.
A stream of honors and recognitions
poured upon this kindly, modest and
benign individual The University of Mis-
souri, Southern Methodist University and
Austin College conferred honorary de-
grees The University of Texas chapter of
Phi Beta Kappa made him an honorary
member Sigma Delta Chi, national hon-
orary journalistic fraternity, elected him
honorary president. National and regional
societies vied to pay him tribute. None
was more impressive than the testimonial
banquet held in Galveston on October 12,
1939, on the sixty-fifth anniversary of his
start with The News. The Texas News-
paper Publishers Association was joined
by leaders of the newspaper fraternity of
the country and spokesmen of all walks
of Texas and Southwestern life to honor
the dean of American journalism. A rep-
resentative of His Britannic Majesty's
Government presented him honorary citi-
zenship in the city of his birth on behalf
of the Mayor and Council of Manchester,
England.
Dealey in these years found time to
intensify rather than relax his lifelong
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Texas Almanac, 1947-1948, book, 1947; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth117136/m1/42/: accessed April 20, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.