When Ernest Smith was growing up on his family’s ranch in Texas, his father often got oil and gas leases from oil and gas companies. Smith’s father then set aside the oil bonuses for Smith and his sister’s college educations.
Fast forward to years later when Smith was attending Harvard Law School, which he graduated from in 1962. It occurred to Smith that he was attending the most expensive law school in the country and oil and gas companies were paying for his tuition, books and living expenses.
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