Texas State Treasurer
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Texas State Treasurer
Texas State Treasurer was an elected constitutional officer in the executive branch of the state government of Texas, responsible for overseeing the financial operations of state government. The position was established in the Constitution of 1876. It was abolished in 1996. History The office of State Treasurer superseded a similar office in the Republic of Texas. The Treasurer had a four-year term as head of the State Treasury Department. Duties were divided between the State Treasurer and the Texas Comptroller of Public Accounts. Over time, the Texas Legislature transferred most of the Treasurer's functions to the Comptroller's office. The last State Treasurer, Martha Whitehead, successfully campaigned for office in 1994 on the premise of abolishing the position and transferring its few remaining duties to the Comptroller's office. Detractors to Whitehead's plan, including Republican opponent David Hartman, favored expanding the Treasury by having it assume the duties of s ...
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Francis Lubbock
Francis Richard Lubbock (October 16, 1815June 22, 1905) was the ninth Governor of Texas and was in office during the American Civil War. He was the brother of Thomas Saltus Lubbock, for whom Lubbock County, Texas, and the eponymous county seat are named. Early life Francis Lubbock was born on October 16, 1815, to Dr. Henry Thomas Willis and Susan Ann (Saltus) Lubbock in Beaufort, South Carolina. Although his family moved to Charleston shortly after he was born, Lubbock would return to Beaufort for his adolescent years while attending boarding school. Lubbock was a businessman in South Carolina before moving to Texas in 1836. During the Republic of Texas period, President Sam Houston appointed Lubbock to be comptroller. Career In 1857, Lubbock was elected lieutenant governor of Texas as a Democrat, but failed in his re-election bid in 1859. Following the Confederate secession in 1861, Lubbock won the governorship of Texas. During his tenure, he supported Confederate conscri ...
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Securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ...
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Kay Bailey Hutchison
Kay Bailey Hutchison (born Kathryn Ann Bailey; July 22, 1943) is an American attorney, television correspondent, politician, diplomat, and was the 22nd United States Permanent Representative to NATO from 2017 until 2021. A member of the Republican Party, she was a United States Senator from Texas from 1993 to 2013. Born in Galveston, Texas, Hutchison is a graduate of the University of Texas at Austin. Prior to entering politics, she was an attorney and legal correspondent at KPRC-TV in Houston. She was a member of the Texas House of Representatives from 1972 to 1976. After a brief business career, she returned to politics in 1990, when she was elected Texas State Treasurer. In 1993, she was elected to the United States Senate in a non-partisan special election, defeating Democratic incumbent Bob Krueger and becoming the first female senator in Texas history. After being re-elected to the Senate in 1994, 2000, and 2006, Hutchison was an unsuccessful candidate for Governor of ...
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Ann Richards
Dorothy Ann Richards (née Willis; September 1, 1933 – September 13, 2006) was an American politician who served as the 45th governor of Texas from 1991 to 1995. A Democrat, she first came to national attention as the Texas State Treasurer, when she gave the keynote address at the 1988 Democratic National Convention. Richards was the second female governor of Texas (the first being Miriam A. Ferguson), and was frequently noted in the media for her outspoken feminism and her one-liners. Born in McLennan County, Texas, Richards became a schoolteacher after graduating from Baylor University. She won election to the Travis County Commissioners' Court in 1976, and took office as Texas State Treasurer in 1983. She delivered a nominating speech for Walter Mondale at the 1984 Democratic National Convention, and the keynote address at the 1988 Democratic National Convention. Richards won the 1990 Texas gubernatorial election, defeating Texas Attorney General Jim Mattox in a Demo ...
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Warren G
Warren Griffin III (born November 10, 1970) is an American rapper and producer known for his role in West Coast rap's 1990s ascent.Steve Huey"Warren G: Biography" ''AllMusic.com'', Netaktion LLC, visited May 8, 2020. Along with Snoop Dogg and Nate Dogg, he formed the hip-hop trio 213, named for Long Beach's area code. A pioneer of G-funk, he attained mainstream success with the 1994 single " Regulate", a duet with Nate Dogg. The younger stepbrother of rapper Dr. Dre, he introduced him to Snoop Dogg, who Dre later signed. His debut album, '' Regulate... G Funk Era'', debuted at #2 on the US Billboard 200 chart, selling 176,000 in its opening week. The album later went on the sell over 3 million copies in the US and was certified 3x multi-platinum. The single " Regulate" spent 18 weeks in the Top 40 of the Billboard Hot 100, with three weeks at No. 2, while " This D.J.", reached No. 9. Both songs earned Grammy nominations. Three songs from his second album, ''Take a Look Over Y ...
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Jesse James (treasurer)
Jesse William James (October 10, 1904 – September 29, 1977) was an American politician from Texas. A member of the Democratic Party, James served as Texas State Treasurer from 1941 until his death in 1977. His near 36-year tenure made him the longest serving Texas State Treasurer. James served in the Texas House of Representatives from 1933 to 1937, when he resigned to accept a position in the office of the state treasurer. When the incumbent state treasurer, Charley Lockhart, resigned due to poor health, Governor Coke R. Stevenson appointed James to the office. James continued to be reelected as state treasurer until he died in office. He was succeeded by Warren G. Harding, whom James had defeated for reelection in 1956. Early life James was born on October 10, 1904, in Sand Grove, south of Milano, Texas, in Milam County, to John A. and Delia James. Jesse was one of 11 children. His father worked on a local railroad and was called "Jesse James" by his associates; as a result ...
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Charley Lockhart
Charley R. Lockhart (August 1876 - 1954) was Texas State Treasurer from 1931 - 1941. He was the shortest Texas elected official at 3'9" (114 cm) tall. Early life Lockhart born in Dallas County, Texas in August 1876 to John C. R. and Lucretia Lockhart. They moved to Snyder, Texas in 1898. Career Lockhart was elected Scurry County treasurer in 1900. He was re-elected to the county office eight times. In 1919 he went to Austin to work with the sergeant-at-arms of the Texas House of Representatives. In 1930 he was elected state treasurer. In 1931, ''Ripley's Believe It Or Not'' featured a drawing of Lockhart under the caption "Texas, the largest state in the Union, has the smallest treasurer, Charley Lockhart, 45 inches tall." The ''Houston Post'' interviewed Lockhart when he entered the race for the state treasurer's office, and he is quoted as saying, "I want you to make it perfectly clear that I am fighting this battle on manhood alone," he said. "I don't want the votes that a ...
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Interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest diff ...
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Liquor License
A liquor license (or liquor licence in most forms of Commonwealth English) is a governmentally issued permit to sell, manufacture, store, or otherwise use alcoholic beverages. Canada In Canada, liquor licences are issued by the legal authority of each province to allow an individual or business to manufacture or sell alcoholic beverages. Usually several types of liquor licences are available to apply for within each certain province. There are many regulations which apply to all types of liquor licences. For example, each licence must indicate the time, place and the maximum amount of sale. These licences also apply to special events, which may occur outside of the normal setting in which alcohol is served. Licence holders must strictly follow all the terms and rules to avoid suspension, fines for non-compliance or revocation. Most provinces also specify identification regulations in determining eligibility of patrons. It is also law in 2 provinces (Ontario and Quebec) that all i ...
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Sin Tax
A sin tax is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candies, soft drinks, fast foods, coffee, sugar, gambling, and pornography. In contrast to Pigovian taxes, which are to pay for the damage to society caused by these goods, sin taxes are used to increase the price in an effort to lower demand, or failing that, to increase and find new sources of revenue. Increasing a sin tax is often more popular than increasing other taxes. However, these taxes have often been criticized for burdening the poor and taxing the physically and mentally dependent. Summary The enactment of sin taxes on harmful activities varies by jurisdiction. In many cases, sumptuary taxes are implemented to mitigate use of alcohol and tobacco, gambling, and vehicles emitting excessive pollutants. Sumptuary tax on sugar and soft drinks has also been suggested. Some jurisdictions have also levied taxes on recreational drugs su ...
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Martha Whitehead
Martha Whitehead is an American politician and pastor from the U.S. state of Texas. She was the last Texas State Treasurer before the position was abolished by constitutional amendment in 1996. Career Whitehead served as the mayor of Longview, Texas. In 1993, Texas Governor Ann Richards appointed Whitehead as Texas State Treasurer, filling the vacancy created when the previous incumbent, Kay Bailey Hutchison was elected to the United States Senate. Texas Treasurer In 1994, Whitehead ran for State Treasurer on a platform of abolishing the office and transferring its few remaining functions to the Texas Comptroller of Public Accounts. In 1995, the Texas Legislature The Texas Legislature is the state legislature of the US state of Texas. It is a bicameral body composed of a 31-member Senate and a 150-member House of Representatives. The state legislature meets at the Capitol in Austin. It is a powerful ... passed a proposed constitutional amendment to abolish the office, w ...
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Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be th ...
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