Image provided by: Texas A&M University
About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 21, 1983)
ion is 84 ;a g po!t, forSaU ^gtooli , Texas A&M The Battalion Thursday, April 21, 1983/The Battalion/Page 1B r # 'all Street cowboys round up big bucks onsoredi M Rudd« r Wis«|Jlf5 ‘dv is sell udents iv d go oui sE SHOI hasl* eekSiai im-classj ; Red Cm at thePJ it a notict: of tbeict There’s gold in them there tax shelters United Press International IOUSTON — From Wall let to Main Street, high- businessmen are ex iting their three-piece suits owboy hats and climbing on ting” horses, which may ethem millionaires. he business and sport of jing and riding cutting les originated in the Old it ol the mid-1800’s, when boys from various ranches HFed to see whose horse dbest “cut” a cow out of a I, a ranch chore. |The winner usually took a few dollars tossed into a l)y participating cowhands, lodern cowboys still pit their es and their pride against other— but their winnings . —skyrocketed to the point of | ■ctiiig big-time investors. lotalprize money paid in the cent. f then 1,000 events sanc- ntationott N b y the National Cutting osemakn F Association approached inanalii million in 1982; purses in was no i; nptomsas itationk ie individ sary is t® 1 dividuals | an and ft ie to see ill Detels of lealtlian^ fnior aail irehers cs) lindings I the nest looked at 1 i not look jtels said' heniop iport out' 1984 are expected to top $9 mil lion. One cutting horse alone has been syndicated for $6 million. “Last year, the Kentucky Der by purse was about $500,000. The purse in the NCHA Futur ity was over $ 1 million,” said Dan Lufkin, one of many new comers to the sport. Lufkin, 49, a multi millionaire financier, is co founder of investment bankers Donaldson Lufkin and Jenrette and a board member of Col umbia Pictures and other com panies. “People are coming into cut ting as they have in thorough bred racing,” he said. “They’re looking for excitement and money.” Lufkin said he entered the business in 1975 for the purpose of improving the horse stock on his 75,000-acre Oxbow Ranch in Prairie City, Ore., but quickly discovered the financial rewards of breeding, training and selling cutting horses. On the ranch, cutting horses — most often highly bred quar ter horses — are used to “cut” a cow from a herd for branding, medical attention or prepara tion for market, without disturb ing the rest of the herd. In cutting horse competi tions, the same principals apply, but within a ^Vis-minute time limit. The rider must move into a herd of calves and separate one calf so that the calf is in front of the horse and the herd behind. With no assistance from the rider, the horse competes direct ly with the calf— starting, stop ping, pivoting, spinning, gallop ing — to prevent it from rejoin ing the herd. Until recently, most of those involved in the cutting horse business were people who loved to ride and train cutting horses, Lufkin said. “What you’ve had is people who love and appreciate horses and ride them,” he said. “To watch a cutting horse, you appreciate the drama, the athle tic skill and the judgment of the w 5^__ cFeel the luxury . . . Warm water running through your hair. Cleansing. Massaging. Gentle suds rinsed out, leaving a soft, sweet scent. Now, the cut. Crisp. Precise. Fresh. Perfect. Feel the luxury at. . . 707 Texas Avenue 696-6933 Culpepper Plaza 693-0607 Now Better Than Ever. You Will Be Pleased With These Carefully Prepared and Taste Tempting Foods. msc Each Daily Special Only $2.39 Plus Tax. Cafeteria J “Open Daily” Dining: 11 A.M. to 1:30 P.M. — 4:00 P.M. to 7:00 P.M MONDAY EVENING TUESDAY EVENING WEDNESDAY SPECIAL SPECIAL EVENING SPECIAL Salisoury Steak with Mexican Fiesta Dinner Chicken Fried Steak w cream Gravy Mushroom Gravy Two Cheese and Onion Enchiladas Whipped Potatoes and Choice of one other Whipped Potatoes w chili Vegetable Your Choice of Mexican Rice Roll or Corn Bread and Butter One Vegetable Patio Style Pinto Beans Coffee or Tea W or.Com Bread and Butter Tostadas Coffee or Tea Coffee or Tea One Corn Bread and Butter ■ "'J/ THURSDAY EVENING SPECIAL Italian Candle Light Spaghetti Dinner SERVED WITH SPICED MEAT BALLS AND SAUCE Parmesan Cheese - Tossed Green Salad Choice of Salad Dressing — Hot Garlic Bread Tea or Coffee FOR YOUR PROThCTION OUR PERSONNEL HAVE HEALTH CARDS. FRIDAY EVENING SPECIAL BREADED FISH FILET w TARTAR SAUCE Cole Slaw Hush Puppies Choice of one vegetable Roll or Corn Bread & Butter Tea or Coffee SATURDAY NOON and EVENING SPECIAL Yankee Pot Roast Texas Style (Tossed Salad) Mashed Potato w gravy Roll or Corn Bread & Butter Tea or Coffee SUNDAY SPECIAL NOON and EVENING ROAST TURKEY DINNER) Served with Cranberry Sauce Cornbread Dressing Roll or Com Bread - Butter - Coffee or Tea Giblet Gravy And your choice of any One vegetable horse. It’s a wonder to behold. “The non-rider is just begin ning to get involved. There’s a great deal of western lore in volved and tradition of the Old West, that’s part of it. But the purses are attracting them.” Lufkin predicted total purse money would quadruple within five years. But the big money comes from breeding. A young, untrained cutting horse with a good bloodline can sell for $30,000 to $50,000, while a trained mare with proven skills can be worth more than $ 100,000. Studs can be worth millions in stud fees. A male descendant of Doc Bar, the granddaddy of cutting horses, was syndicated in 1979 for $6 million — about $2 mil lion less than the highest selling thoroughbred yearling. Lufkin said cutting horses also provide a substantial tax shelter. “The horse is a tax write-off from the point of view that the animal is productive as a farm animal,” Lufkin said. “That horse works for its living.” Zach Wood, secretary- treasurer of the National Cut ting Horse Association, said you don’t have to be rich to be in volved with cutting horses — but it helps. “I’m not going to say it’s just a rich man’s sport, but we’ve got some of the richest people in the southwest involved (in the NCHA),” he said. Moneyed participants in clude Tommy Moore, chairman of International Music Corp., the world’s largest maker of guitars; Jim Milner, co-founder of Taco Bell; Bill Heiligbrodt, former chairman of the board of Texas Commerce Bank of Houston; and Stephen “Tio” Kleberg, proprietor of the King Ranch in Kingsville, Texas. SPECIAL NOTICE 1st SUMMER SESSION OPTIONAL BOARD PLAN Students, on campus, off campus, and graduate, may dine on a meal plan during the 1st Summer Session at TAMU. Students selecting the 7-day plan may dine three meals each day, except Sunday evening: those selecting the 5-day plan may dine three meals each day, Monday through Friday. Meals will be served in Commons. Fees are payable to the Controller of Ac counts, Fiscal Office, Coke Building. Notice dates: Commons will be open for cash business on Registration day, May 30. Meal plans will begin on the first day of class, May 31. Fees for each plan are as follows: 7 Day $195.00 May 31 through July 1 5 Day $176.00 and Plus Tax July 5 and 6 Meal plan validation will begin at 7:30 a.m., May 31, in the Commons Lobby. Fee slips will be required. What’s the Worst Thing About the End of a Semester? Moving. Moving has to be one of the biggest hassles of the semester. . . But the parents love it, right? Wrong. Parents hate moving, so this year make it easy on yourself and on dad... Call NIXON TRANSFER and let us move you... It’s our job! — Summer Storage — If you want to leave something behind, leave it safe for $25/month. Please call ahead, pick-up available. NIXON TRANSFER & STORAGE CO. ce northAmerican VAN LINES 611 Union St. 779-6333 COMPASSION: The First Step in Ending Hunger By Sally Struthers Monday, April 25, 1983 Rudder Auditorium 8:00 PM Free sgsMSC CRMAT ISSUES