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tv   Maria Bartiromos Wall Street  FOX Business  October 5, 2019 1:30am-2:00am EDT

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away. jack: gas is cheap. >> i like blue chip that is have dividends, kellogg, 3%. jack: lauren, great ideas, that does it for this edition of ♪ >> a crime ring -- family-style. [ gunfire ] she's the niece of the notorious bonnie parker. >> my aunt was known as that cute, little blonde bonnie. then she connected with clyde. >> clyde barrow was his uncle. >> once clyde had been accused of murder, he didn't turn back. >> their grandfather was a lawman who hunted them. >> two of the south's worst killers. >> your grandfather was the sheriff. >> killing bonnie and clyde was the ultimate. >> grim souvenirs, one strange inheritance. >> it was just like finding treasure after treasure. >> bonnie parker's three-headed snake ring. >> sitting there... >> right. >> ...all along? [ door creaks ] [ wind howls ]
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[ thunder rumbles ] [ bird caws ] ♪ >> i'm jamie colby in boston today, about to meet a family who have traveled up here from houston to put their strange and historic inheritance on the auction block. >> my name's debbie wollebak-daily. my siblings and i grew up hearing fabulous tales about our grandpa, a texas lawman whose claim to fame is that he came this close to nabbing bonnie and clyde. >> ladies, i'm jamie. >> hey, jamie. so nice to meet you. this is my sister, debbie. >> i am so excited to be here in boston with you and your family for this upcoming auction. diana and debbie show me photos of their grandpa, a larger-than-life texas lawman. in 1933, he led a posse that ambushed that infamous outlaw couple, bonnie parker and
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clyde barrow, and nearly caught them. as kids, diana, debbie, and their brother, steve, are fascinated by grandpa's 8-inch-thick scrapbook, full of vivid crime-scene photos. wasn't that creepy? >> very, very creepy. >> we thought it was the greatest thing ever. >> there are original mug shots of bonnie and clyde and news clippings about grandpa smoot's failed ambush in sowers, texas. you think he regretted the fact that he didn't get them the first time? >> i'm sure he was probably disappointed that attempt did not work out, but he was a legendary hero after that. >> so, who was this legendary lawman? richard allen "smoot" schmid, born near garland, texas, in 1897, soon becomes the image of a long, tall texan. how did smoot get the name "smoot"? >> in high school, he was 6'4" and wore a 14-size shoe.
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i don't know what smoot has to do with that. >> smoot studies law in college but never goes on to practice. instead, he opens a bike shop in dallas. >> he had some motorcycles, also, and he apparently was a daredevil on those. >> a regular evel knievel. >> that's right! >> maybe it's smoot's flamboyant antics that catch the eye of a dallas widow, named cookie wollebak. >> that was cookie, and we called smoot "pa." >> 1931. cookie has two boys, 5-year-old david and 3-year-old bob, debbie and diana's dad. smoot raises the boys as his own. then, out of the blue, smoot decides to run for dallas county sheriff. well, how do you go from that to being the lawman in town? >> there was some upheaval in the sheriff's department, and he was asked if he would like to run for sheriff. and he said, "okay." >> turns out voters in 1933 are
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charmed by big smoot. he takes office just as depression-era gangsters, like john dillinger and "pretty boy" floyd capture the country's imagination. the most notorious of all -- dallas' very own bonnie and clyde, who'd met as teens. >> clyde offered her a cup of hot chocolate, and it was love from then on. >> we get the scoop straight from the family. buddy barrow is clyde barrow's nephew, and rhea leen linder is bonnie parker's niece. >> she was well-known as that cute, little blonde bonnie. but then she connected with clyde, and all of her ambitions seemed to just revolve around him. >> a few months into their courtship, clyde's convicted of burglary and sentenced to 14 years' hard labor. when he's granted early parole, what's the first thing he does? hook up with bonnie, of course. >> her choice was to go with
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clyde, and, unfortunately, they took the wrong road. >> the two set out on a vicious crime spree, first stealing a ford v-8, then kidnapping an officer in carlsbad, new mexico, then come armed robberies and gunfights with law enforcement in texas, missouri, and iowa. it's one thing to be in love. it's another to criss-cross the country on a crime spree. buddy, what was up with these two? >> once clyde had been accused of murder, he knew that he was gonna go to the chair. and he tried to get bonnie to leave many times, and she wouldn't do it. >> along the way, it's believed they kill more than a dozen people. >> it's like a soap opera. the general public had something to look forward to the next day. >> in november 1933, grandpa smoot receives two arrest warrants from the state of texas. "clyde barrow charged with the offense of murder." >> right -- 14 times. >> sheriff smoot schmid is on
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the hunt, which leads eventually to diana and debbie's strange inheritance. and your dad had this, and he never told you? >> no. >> here's a "strange inheritance" quiz question. which texas beauty made her film debut as a stand-in for faye dunaway in the movie "bonnie and clyde"? the answer after the break. ah! come on! let's hide in the attic. no. in the basement. why can't we just get in the running car? are you crazy? let's hide behind the chainsaws. smart. yeah. ok. if you're in a horror movie, you make poor decisions. it's what you do. this was a good idea. shhhh. i'm being quiet. you're breathing on me! if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do.
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let's go to the cemetery!
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♪ >> so, which texas beauty made her film debut as a stand-in for faye dunaway in the movie "bonnie and clyde"? ...who was 16 at the time. unfortunately, her footage ended up on the cutting-room floor. >> we pick up this "strange inheritance" tale in 1933, when bonnie and clyde are wanted for multiple murders. >> these are death warrants for bonnie... >> oh, my. >> ...and here's another death warrant that we found in the scrapbook for clyde. >> in november '33, our heirs' grandpa, sheriff smoot schmid, gets a tip. bonnie and clyde will be attending a barrow family gathering on the outskirts of dallas, in sowers, texas. >> smoot schmid, his officers had found out about this from someone real close to his family the night before.
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>> a leak. smoot and his posse stage an ambush on the road to the picnic site. bonnie and clyde roll up in a stolen ford v-8. the lawmen are lying in wait, hiding in a ditch. clyde senses trouble, but before he can hit the gas, the lawmen open fire. >> clyde and bonnie were both hit, shot in the legs and everything, and they were bleeding pretty good. they drove the car several miles on flat tires and wheels to get away. the officers had parked far enough away. they couldn't get to their cars very quick, so clyde had ample time to get as far as he could. >> a few miles away, clyde dumps the bullet-ridden ford and hijacks another getaway car. pretty tough to outrun and outshoot bonnie and clyde. >> yeah. he was probably the most elusive outlaw of all the depression outlaws. >> while smoot and his posse fail to nab the infamous couple, they discover a cache of bonnie and clyde's personal effects
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inside the abandoned ford. >> these officers knew that somewhere down the line, these will be worth money. >> so, they keep them for themselves. six months later, in may 1934, bonnie and clyde are ambushed by another group of lawmen on a rural road in louisiana. this time, they don't get away. ♪ >> clyde barrow and bonnie parker... >> smoot shares the news with dallas. >> ...two of the south's worst killers. this was terminated in their apprehension day before yesterday in the state of louisiana. >> the couple's funerals attract huge crowds in their hometown. the mug shots, arrest warrants, photos, and other artifacts, documenting sheriff smoot's pursuit of the barrow gang, are pasted into a family scrapbook. smoot serves as dallas county sheriff until 1947. his stepson bob grows up and starts a family of his own,
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including children debbie, diana, and steve. did dad show this material off to friends? was he proud of it? >> he just never pulled it out. >> grandpa smoot passes away in 1963. half a century later, in 2013, when his son bob dies, bob's kids and their spouses are cleaning out the family home. they rediscover that old scrapbook. >> we all started, like, looking at it again and saying, "wow, this is amazing stuff." >> and there's a lot more squirreled away in dad's house, north of houston -- relics they hadn't even known existed. there's grandpa smoot's monogrammed cowboy boots, his service revolver, and this 4-page letter, handwritten by bonnie and signed by clyde. that's his signature? >> that's his signature. >> there's more. the siblings find a ledger, written by their father. >> in his handwriting, the contents of what was in the box.
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>> this is what we found that was so interesting -- bonnie parker's ring. >> oh, my. in small print -- "three silver snakes with tiny jewels." bonnie parker's ring? >> we all went, "oh, my god. where is that?" >> here's another quiz question for you... the answer when we return. ll sae
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♪ >> so, which nonactor did warren beatty consider for the
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role of clyde? ...the musician and composer who resembled the actual clyde barrow. >> the descendants of a renowned texas lawman are on the hunt for a very personal relic connected to the infamous outlaw lovers, bonnie and clyde. they have only one clue -- a note written by their father on an inventory list. >> "bonnie parker ring -- three silver snakes with tiny jewels." >> that's the first we have ever seen or heard anything about the ring. dad never mentioned it. we had to search for it. >> they spend hours rummaging through their dad's house, near houston, looking for the ring that belonged to bonnie parker. days pass, and they still come up empty. then, in the back of a closet, debbie comes across a plastic bag filled with old costume jewelry. >> we poured it out on the
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floor. there were three of us sitting around, going through this jewelry. >> it's like panning for gold. >> it was! >> finally, diana spies a small black box. >> it was a little box. opened it up. it was bonnie parker's ring. wow! >> along with the ring, there are other rare mementos, like original photos of the outlaws' death car and signed letters from fbi director j. edgar hoover. >> it was just like finding treasure after treasure. >> debbie takes everything home and tucks it under a bed for safekeeping. in 2016, a few years after their father dies, they decide it's time to sell their strange inheritance. >> we just thought, "maybe we should do something with this collection." >> they learn that in 2015, as you may have seen on a previous episode of this show, rr auction, based in new hampshire, sold two guns attributed to the barrow gang for nearly $500,000. i pay a visit to the
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auction-house office here in boston. >> when i heard it was the famous sheriff smoot schmid, i got on the first plane to dallas. >> what's the timeliness of selling bonnie and clyde memorabilia? >> they were very famous in 1934 because they left behind these incredible photographs of themselves. then, in 1967, the movie with faye dunaway and warren beatty kept the legend of bonnie and clyde alive. >> we check out grandpa smoot's old scrapbook. i'm afraid to turn the page. it's pretty fragile. >> turn it. but this page here -- when i saw this, jamie, i was so excited. these are the original arrest warrants for murder issued in november 1933 by the state of texas. and i wouldn't be surprised goes for $20,000. >> and what's this? >> we've got his sheriff's badge. it's solid gold. >> twinkling. >> it's got a real diamond in it. >> only in texas. what do you think, bobby? >> it looks good on you. you should bid! >> how much? >> i would think that's gonna go for $10,000. >> and more items for collectors
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to drool over, including that letter to a captured ex-gang member named ray hamilton, written by bonnie and signed by clyde. >> that's a letter sent to a gang member they felt was a rat. >> so, they're writing hamilton to send him a warning? like, "we're on to you"? here he says, "if i had found you, you wouldn't have had a chance to give up." yikes! >> clyde barrow furious enough that he was gonna kill raymond. that in itself is probably worth $40,000. >> and then, there's that three-headed snake ring. >> if that ring was given to bonnie parker, then that ring is the closest thing there is to a wedding ring between bonnie and clyde. >> but i thought they weren't married. >> bonnie and clyde were never married. bonnie parker was married to someone else when she was killed. in fact, was wearing her wedding ring. >> wow! so, the whole time bonnie and clyde were an item, she was still legally married to some other guy and wearing his ring? then clyde, bobby believes,
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gives her this one. why wasn't she wearing it? >> i don't know why bonnie wasn't wearing it when they had the shootout in sowers in november 1933 when smoot had the shootout. but i do know he lifted all these things out of the car. >> could bobby be right? clyde's nephew buddy believes so. in fact, he thinks his uncle could have actually made the ring himself when he was in huntsville prison. >> clyde made jewelry in huntsville, and i've got a belt buckle he made while he was incarcerated. >> wow! with a "b"? for barrow? >> for barrow. >> as for the strange ring, buddy totally can see clyde making it for bonnie. >> clyde was sort of a mythical guy. the snake is a symbol of eternal love. it looked like something he could possibly design. >> next step? bring in a jewelry expert. david bellman wonders if the insignia inside bonnie's ring is another clue pointing to clyde. it's hard to make out, but he says it might be a music note pierced with an arrow.
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arrow, barrow -- get it? and that's not all. >> come to find out that he was actually a self-taught musician. taught himself how to play the saxophone. >> in fact, clyde was famously toting his sax in the car when he and bonnie were killed. quite a tale. do you buy it? will the bidders, or is the auction house shooting too high? >> $6,000, now $6,500. looking for $6,500. what's your "strange inheritance" story? we'd love to tell it. send me an e-mail or go to our website, strangeinheritance.com.
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he's especially excited about bonnie parker's snake-head ring. >> that ring is the closest thing there is to a wedding ring between these two lovers. i wouldn't be surprised if that goes for well over $40,000, $50,000. we'll see. >> then, david bellman, bobby's jewelry expert, gets a new tip on that insignia in the band of bonnie's ring. tell me what you have discovered. >> it turned out that the hallmark inside that looked like a musical note was actually a shape of a "u" with an arrow that was a mark for a company out of rhode island that was actually manufacturing rings like this. >> i didn't get the slam-dunk answer i was looking for. >> you do still believe it was bonnie's. >> yes. the great news is, it was found in the car in sowers and belonged to smoot schmid, and he attributed it to bonnie. >> still, it's now doubtful the ring will go for the 50k bobby had estimated. what about the other items? ♪ first up on the auction block... >> sheriff smoot schmid's
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service revolver. i have $3,250 bid. make it $3,500. yes, $3,500. fair warning. sold, $3,500. [ cash register dings ] >> next, smoot's diamond-studded sheriff's badge. >> number 2016. >> it starts with an absentee bid of 4,700 bucks and quickly soars. >> now $5,000 here. and now would you give $5,500? >> yes. >> okay. $6,000 here? >> and... >> i have $7,000. make it $7,500. $7,500. now, $8,000 with me? and this one is...sold, $8,000. >> whoo! >> south of the 10k estimate, but the heirs are still happy. now, those original bonnie and clyde arrest warrants. estimated price? 20k. >> starting bid -- $5,000. looking for $5,500. $5,500! and now looking for $6,000. $6,000. now $6,500. looking for $6,500. and that is sold, $6,500.
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>> bidders get an even bigger bargain on that angry letter written by bonnie and signed by clyde. bobby guessed $40,000. >> bonnie parker/clyde barrow autographed letter, signed. >> it starts with a phone bid for $12,000. >> now $13,000. $13,000 i have now. make it $14,000. that is $13,000. [ cash register dings ] >> finally, bonnie parker's snake-head ring comes up, but with a disclaimer. >> this was found in the car. it belonged to bonnie parker. we no longer believe it was made by clyde barrow. >> but some bidders are still interested. >> and i have $14,000 bid. make it $15,000. we have an absentee bid of $20,000 on this. i'm looking now for $22,000. gonna sell it at $20,000. sold -- $20,000. >> the final tally on the famous
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texas lawman's collection? just under $100,000, below bobby's estimate but still pretty good for a bunch of stuff found in grandpa's closet. the family's not complaining. >> very exciting. rr did a great job. >> the barrow family, meantime, predicts there could be more valuable relics on their way to the auction block in the years to come. among the items found in bonnie and clyde's death car -- clyde's treasured saxophone. it was returned to his mother and passed down in the family. then, it went missing. or, at least, no one's owning up to the fact that they might be hiding the old sax in a closet somewhere. buddy barrow isn't saying he knows what happened to the sax but that he and other family members do have their own stash of clyde mementos that they're thinking of selling one day. i reminded buddy, "you can't
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take it with you." i'm jamie colby. thanks for watching "strange inheritance." lou: good evening. the radical dimms are accelerating their efforts to unseat the president of the united states. doing so without regard to convention, law, fair play, which is the american way. and speaker pelosi and her hand-picked leader of the overthrow effort lack any respect for the will of the people. instead lying about president trump, his record, and more. >> we have not spoken directly with the whistleblower. >> for him to have that dramatic interpretation of the phone call. he's using the president's own word. >> he made

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