Miles Frank Yount

Notes:

Miles Frank Yount founded the Yount-Lee Oil Company, a Beaumont enterprise that almost single-handedly started the second Spindletop boom and became one of the biggest independent operators in the country.
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Frank Yount made his money after striking oil in Sour Lake and the surrounding area, and founded the Yount-Lee Oil Co. along with the Lee Brothers of Houston and other partners, including John Henry Phelan of Beaumont. Yount moved his oil company to Beaumont in 1923 and established his office in the San Jacinto Building. In 1925, he struck oil at Spindletop Field. The oil company became one of the most prosperous of its time.

Two years after Frank Yount?s death in 1933, at age 53, the company was sold for the third-largest cash transaction that had taken place in the U.S. to date.

After Frank Yount?s death, Pansy continued her husband?s dream of raising saddlebred horses in Lexington, Ky. There, she created Spindletop Farms, which produced some of the finest saddlebred horses in the world. The stables and its Spindletop Hall are now part of the University of Kentucky.

http://www.lamar.edu/news-and-events/cardinal-cadence/2005-issues/no-longer-lost.html
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Built the historic Mildred Building in Beaumont:

http://www.uncoveredtexas.com/texas-historical-markers-detail.php?city=Beaumont&county=Jefferson&type=&an=5245011946&page=2¶m1=valu1¶m2=valu2

Constructed in 1929-1930 for $700,000, this complex was built by Miles Frank Yount and named for his daughter. Yount was a founder and partner in the Yount-Lee Oil Company, which made its fortune in the second Spindletop Oil Boom in 1925. Listed on the National Register of Historic Places in 1978, the complex includes an apartment building, commercial-retail building, and garage. The core of the complex is the three-story apartment building, featuring terra cotta glazed brick, projecting bays, hipped-roof porches, parapet walls, and a red tile roof. It is a fine example of the Mediterranean revival style in Texas. Recorded Texas Historic Landmark - 1999

1415; 1425-95 Calder Avenue Beaumont, Texas

Jefferson County

Year Erected: 1999

Marker Type: Medallion & Plate

Miles married Pansy Bernardo Merritt about 1900 in Beaumont, Jefferson Co, Texas. Pansy (daughter of Hosea Holly Merritt and Sarah Frances (Sarah Belle) Sherman) was born on 21 Feb 1887 in Beaumont, Jefferson Co, Texas; died on 14 Oct 1962 in Beaumont, Jefferson Co, Texas; was buried in Magnolia Cem, Beaumont, Jefferson Co, Texas. [Group Sheet] [Family Chart]

Other Events and Attributes:

• Possessions: 13 Apr 1934, Beaumont, Jefferson Co, Texas

Notes:

Possessions:
Brownsville Herald (Brownsville, Texas)
Apri 13, 1934
Flashes from A.P. Wire
Beaumont - Mildred Yount, 13 year-old daughter of the late Miles Frank Yount, Beaumont oil magnate who died last November, will receive an estate of $4,900,072.76 -- that figure being behalf of the community estate of the oil man and his widow, Pansy Yount - according to an inventory filed with the county clerk here Thursday.

(the 2nd digit in the amount of estate is not clear; might be 0 or 9)

Family/Spouse: Edward Daniel Manion. Edward was born in of, Tulsa, Oklahoma. [Group Sheet] [Family Chart]

Notes:

never married. Lived in Tanglewood neighborhood in Beaumont.
See The New York Times.com
Texas Monthly: Sometimes the Things are Not all Aubusson
http://www.nytimes.com/2013/02/24/us/sometimes-the-things-are-not-all-aubusson.html?_r=0

Died:
Mildred Yount Manion, 71, was born on February 26, 1941, in Beaumont, Texas, the daughter of Mildred Frank Yount of Beaumont and Edward Daniel Manion of Tulsa, Oklahoma. She was the granddaughter of Miles Frank Yount and his wife, Pansy and J. R. Manion and his wife, Sara Kathryn. Mildred was a gentle soul, loved and appreciated by family and friends. Her love for cats and dogs brought her joy, and she was a supporter of the Galveston Island Humane Society. She was also a loyal supporter of free breast cancer screening by the Gift of Life Program. Mildred is survived by her sister, Kathryn Manion Haider; Kathryn's two children, Karyn Haider Goodrich and her husband, Paul and Edward Manion Haider; and by Kathryn's grandchildren, Melanie Anne Goodrich, Haley Hotton Goodrich, and Grace Manion Goodrich. She is also survived by her brother, Edward Daniel Manion, Jr.; Edward's two daughters are Kristin Cherry Acuña and her husband, Augie and their children, Gus Acuña and Ava Acuña; and Courtney Yount Curtis and her daughter, Cammy Curtis. A gathering of her family and friends will be from 4:00 p.m. to 6:00 p.m., Friday, April 20, 2012, at Broussard's, 2000 McFaddin Avenue, Beaumont. A Mass of Christian Burial will be celebrated at 11:00 a.m., Saturday, April 21, 2012, at St. Anne Catholic Church, 2715 Calder Avenue, Beaumont, with interment to follow in Magnolia Cemetery, under the direction of Broussard's. In lieu of flowers, memorial contributions in Mildred's memory may be made to Galveston Island Humane Society, 6814 Broadway, Galveston, Texas 77554; or to Julie Rogers Gift of Life Program, PMB #46 148 S. Dowlen Road, Beaumont, Texas 77707

Published in The Beaumont Enterprise on Apr. 19, 2012 - See more at: http://www.legacy.com/obituaries/beaumontenterprise/obituary.aspx?pid=157107697#sthash.f2C0Iori.dpuf -
See more at: http://www.legacy.com/obituaries/beaumontenterprise/obituary.aspx?pid=157107697#sthash.f2C0Iori.dpuf