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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
May 10, 1950
Page
6
The Le Mars area bachelor, famed for promising to give away much of his fortune, died after four months of poor health. Schultz owned 42 farms and had already gifted at least 15 to relatives and friends. A burglary of $120,000 was investigated but never solved. He began with a $1,000 stake at age 30 and built an Midwest farming empire.
Elliott G. Floeter, a Houston oilman aged 62, died Monday night at his home after a period of illness. He was a longtime figure in the local energy business and is survived by his wife and children. Funeral arrangements are pending.
Saigon May 9. The United States backs a fragile Bao Dai government in Vietnam hoping to rally popular support and block a Communist advance. France fears Ho Chi Minh’s Vietminh takeover as Vietname fights for independence under foreign control and a costly war drains French resources.
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