established “to benefit in perpetuity present and future generations of Texans.” Northen continued the work of the Moody Foundation, which W. She oversaw more than 50 national corporations, including as president of the American National Insurance Corporation. passed away in 1954, Northen became his designated successor. had placed her on the boards of several Moody companies. By the 1940s, Mary Elizabeth Moody Northen, who had married Edwin Clyde Northen, was taking a prominent role in the family business, and W.L. educated her on the intricacies of finance and corporate politics. He and his wife Libbie had four children – Mary Elizabeth, William Lewis III, Shearn and Libbie.Īs Mary Elizabeth grew up, W. focused his energy on growing the family business, often working every day of the week except Sunday. also acquired the Galveston Tribune, the afternoon newspaper. purchased the Galveston Daily News – the oldest paper in Texas – from Alfred Horatio Belo, who also founded The Dallas Morning News. quickly demonstrated his financial genius, and he began to take charge of the wide-ranging Moody enterprises in the 1890s. joined the family operation in 1886, the Moodys had already expanded into banking – first with the opening of Moody Bank and later through a merger with the National Bank of Texas. Moody gained prestige as an honorable and principled businessman who grew to be influential among his peers because of his cool, clear-headed nature. In a chaotic Galveston cotton market in the 1860s and 1870s, Col. “All that is accomplished in life is by will, by effort, by patience, by perseverance,” Col. The Moodys understood they were only as good as their name, and instilled this lesson to their children. and Libbie Rice Shearn, ushered the family’s interests into the 1980s, and they endure today in numerous businesses, nonprofits and family trusts still operated by Moody descendants.įamily loyalty stood behind the Moodys’ success in business. Moody’s granddaughter and eldest child of W. Moody Jr., who expanded their business with credit lending, banking and the development of a national insurance company. Moody started the family business in the 1850s through cotton trading, and it was brought into the 20th century by his son, W. After visits to Austin, San Antonio and Houston, he decided on Galveston because of its potential as a port and mercantile center.Ĭol.
William Lewis Moody, owning not much more than a law degree from the University of Virginia, ventured west in 1852 seeking opportunity and a comfortable place to settle a family. Their story begins in Virginia, where Col. Through hard work and commitment to family, the Moodys established one of the most prosperous entrepreneurial and philanthropic legacies in the country and have come to represent the essence of Texas and the notion that learning and innovation can spark civic transformation. The Moodys of Galveston are among the most distinguished Texas families.
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