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Preston Smith
Smith Governor Texas.jpg
40th Governor of Texas
In office
January 21, 1969 – January 16, 1973
Lieutenant Ben Barnes
Preceded by John Connally
Succeeded by Dolph Briscoe
35th Lieutenant Governor of Texas
In office
January 15, 1963 – January 21, 1969
Governor John Connally
Preceded by Ben Ramsey
Succeeded by Ben Barnes
Member of the Texas Senate
from the 28th district
In office
January 8, 1957 – January 8, 1963
Preceded by Kilmer B. Corbin
Succeeded by H. J. "Doc" Blanchard
Member of the
Texas House of Representatives
from the 119th district
In office
January 9, 1945 – January 9, 1951
Preceded by Hop Hasley
Succeeded by Waggoner Carr
Personal details
Born
Preston Earnest Smith

(1912-03-08)March 8, 1912
Corn Hill (now Jarrell), Texas, U.S.
Died October 18, 2003(2003-10-18) (aged 91)
Lubbock, Texas, U.S.
Resting place Texas State Cemetery (Austin, Texas)
Political party Democratic
Spouse
Ima Mae Smith
(m. 1935; died 1998)
Children 2
Alma mater Texas Tech University (BBA)
Profession Entrepreneur, politician

Preston Earnest Smith (March 8, 1912 – October 18, 2003) was an American entrepreneur and politician who served as the 40th governor of Texas from 1969 to 1973. A member of the Democratic Party, he previously served as the lieutenant governor from 1963 to 1969.

Early life

Smith was born into a tenant farming family of 13 children in Corn Hill, a town in Williamson County, Texas, that has since been absorbed into nearby Jarrell. The family later moved to Lamesa, Texas, where Smith graduated in 1928 from Lamesa High School. In 1934, he graduated from Texas Technological College (now Texas Tech University) in Lubbock with a bachelor's degree in business administration. Staying in Lubbock, he founded a movie theater business and invested in real estate.

Political career

Gus Mutscher, Preston Smith, Lyndon Johnson, and Ben Barnes
Smith (second from left) with state House Speaker Gus Mutscher, former President Lyndon B. Johnson and Lieutenant Governor Ben Barnes in Brenham, August 1970.

Smith was first elected to the Texas House of Representatives in 1944 and then to the Texas State Senate in 1956.

Smith's inauguration on January 21, 1969, had what was called "the flavor of the South Plains". The Texas Tech University marching band led the parade just behind the marshal and the color guard. A mounted masked Red Raider rode with the band. Governor and Mrs. Smith, both Tech graduates, followed in an open convertible. Other Smith family members rode in the parade, followed by the new lieutenant governor, Ben Barnes. The band of Lamesa High School, Smith's alma mater, was the first among the high school groups. Before the oath taking, the first to be televised in Texas history, Smith had been feted with a $25-per-place victory dinner in the Austin Municipal Auditorium, now the Long Center for the Performing Arts.

In 1971 and 1972, Smith was embroiled in the Sharpstown scandal stock fraud scheme, which eventually led to his downfall. Smith lost his third-term bid for the governorship of Texas to Dolph Briscoe of Uvalde in the Democratic primary in 1972.

Later life and attempted political comeback

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