“The Market”

As a lawyer, I represented Ronnie Lee Morgan, the third husband of the “Wall Street Journal” heiress, Jackie Bancroft Spencer Morgan. Ron was an interior decorator, and before he married Jackie, I began to notice he had a way with women, wealthy women.

I began to observe this personality trait as it turned out that he and I represented some of the same ladies. I would be handling legal matters for a person when suddenly that person, Ron and I would realize we all knew each other. It happened that, with several of the clients, we would have lunch together when I would be handling a legal matter and Ron would be redesigning a home for the same lady.

A frequent hobby of wealthy women is to purchase houses, completely refurbish them with emphasis on interior design, and then resell them. As long as I had represented heiresses and wealthy widows who participated in this hobby, it had been a mystery to me as to why. I never knew of a profit being made. Perhaps that was not the purpose, but one thing was for sure. It provided a good income for Ron.

I began to observe in these days Ron’s dual personality. Perhaps it was dual. Perhaps it was more than that. The ladies loved to go to “market” in Dallas with Ron and would naturally get quite excited as they dreamed up designs. Interestingly, though they spent a lot of money, they were always money conscious. They liked going to market partly because it is a very glitzy place and partly because Ron had them believing that, because he had a license to get into the market, he could make purchases on their behalf “at cost”. They could just pay him for his interior design work. Little did they realize, it didn’t work that way.

I write of Ron’s career and his ultimate marriage to the “Wall Street Journal” heiress in my book:  “Observer: The Ronnie Lee and Jackie Bancroft Spencer Morgan Story, a tale of people, greed, envy, manipulation — even crime”

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