banker manager philanthropist vice president
William Thomas Waggoner was born on August 31, 1852 in Hopkins County, Texas. His father, Daniel Waggoner, was a rancher. His mother was Nancy (Moore) Waggoner.
In 1869, when he was only eighteen years old, his father gave him United States$12 and asked him to drive five thousand steers to Abilene, Kansas.
He was the owner of the Waggoner Ranch, where he found oil in 1903. He was the founding President of the Waggoner National Bank of Vernon. He established the Arlington Downs and paid for the construction of three buildings on the campus of Texas Woman"s University.
He sold them for United States$5,000.
By 1879, he became the manager of the ranch holdings in Wilbarger County, Texas, near China Creek. Upon his father"s death in 1902, he inherited landholdings in Wise County and Wilbarger County as well as Clay County, Wichita County, Foard County, Baylor County, Archer County and Knox County.
Waggoner also used part of the Big Pasture in Oklahoma, which he leased from Comanche Chief Quanah Parker. In 1905, alongside rancher Samuel Burk Burnett, he went wolf-hunting with President Theodore Roosevelt on the Big Pasture.
The two ranchers were hoping to persuade him to keep the land "open range." However impressed President Roosevelt was with the adventure, that did not happen.
While drilling for water on the Waggoner Ranch, he found oil in 1903. By 1911, he had formed Waggoner Refinery, an oil refinery company for extraction of the oil from his landholdings. Indeed, he wanted them to learn how to take care of the land which would later become theirs.
However, in 1923, he changed his mind, and set up a Massachusetts trust.
In 1893, he served as Vice President of the Roman Catholic Neal Company founded by Mr Roman Catholic Neal in Vernon. He served as the founding President of the Waggoner National Bank of Vernon in Vernon from 1899 to 1907.
In 1904, he also joined the Board of Directors of the First National Bank of Fort Worth. A horsebreeder, he once tried to purchase Manitoba O’War for United States$500,000, but the transaction did not go through.
However, he purchased other good horses such as Yellow Jacket, Yellow Wolf, Midnight, Blackburn and Pretty Boy.
He also built the Arlington Downs located between Fort Worth and Dallas. He paid for the construction of three buildings on the campus of Texas Woman"s University in Denton. Meanwhile, in 1933, the City of Fort Worth awarded him the honorary title of "First Citizen of Fort Worth."
He died on December 11, 1934 in Fort Worth, Texas.
He was buried near the grave of Samuel Burk Burnett.
