inventory · entities · updated 2026-07-25
W. L. Moody III
entity active p2
Galveston financier who owned United Gas Company (supplying Three Rivers' gas) and joined the company's board around 1930 after buying $100,000 of stock in 1929 — the transaction that made Charles Tips company president. Moody's own Depression-era bankruptcy later triggered the financial crisis that led to the RFC loan attempt and the Ball Brothers foreclosure.
Next action: None.
personthree-rivers-glassfinancierboard-member
Why Track This
The financier whose 1929 investment made Tips president, and whose 1930s bankruptcy set off the chain of events that cost Tips the company.
Current State
Bought $100,000 of company stock in 1929, sharing controlling interest with Tips. Connected to the Moody-Seagraves gas interests that supplied Three Rivers via a pipeline extension around 1928. Joined the company’s board circa 1930 (reported June/July 1930). Went bankrupt during the Depression per Tips’ own account, removing a key source of capital right before the RFC loan attempt.
Next Action
None.
Notes
Reported as “of Galveston” consistently across sources.