William Arvis "Dollar Bill" Blakley (November 17, 1898 – January 5, 1976) was an American senator and businessman from the State of Texas. He served two incomplete terms as Senator, the first in 1957, the second in 1961. He was part of the conservative wing of the Texas Democratic party and is remembered for running against liberal Democrat Ralph Yarborough in the 1958 election and losing to Republican John Tower in the 1961 special election, yielding the first Republican senator from Texas since Reconstruction.

Blakley was born in Miami Station, Missouri , but moved shortly thereafter with his parents to Arapaho, Oklahoma. He worked a ranch hand as a young man, earning the nickname "Cowboy Bill." Blakley served with the United States Army in the First World War; he was admitted to the bar in 1933 and joined a law firm in Dallas, Texas. In following years, his interests expanded into real estate, ranch land, banking and insurance; by 1957, he was estimated to be worth $300 million.

In 1957, Allan Shivers opted not to run for a fourth term as Governor of Texas; Senator Price Daniel moved from his Senate seat into the governorship. Like Shivers and Daniel, Blakley was an "Eisenhower Democrat" who had supported Dwight Eisenhower over the national Democratic Party candidate Adlai Stevenson in 1952 and 1956. Blakley, who had gained prominence in Texas politics for his business successes, was at the time building a $125 million shopping center and a 1,000-room hotel in Dallas. Governor Shivers, who had been considering appointing a Republican candidate to the Senate seat, instead appointed Blakley to the United States Senate pending a special election for the seat. Blakley, pressured by the Democratic Party in the interests of cooling tensions from the gubernatorial election, did not opt for the full remaining term as senator, and served for less than four months from January 15 to April 28. Ralph Yarborough succeeded him in the special election. He left the Senate saying "I shall go back to my boots and saddle and ride toward the Western sunset." [1]

When the seat came up again the following year in the ordinary election cycle, Blakley ran in the primary against Yarborough as the conservative "Shivercrat" candidate. Blakley ran with the backing of the governor, Yarborough's colleague in the Senate, Lyndon Johnson, and the southern bloc of senators who disagreed with Yarborough's progressive, anti-segregation platform. The Speaker of the House, Sam Rayburn (a fellow Texan) backed Yarborough in the election, after supporting Blakley's temporary senate seat the year before. Rayburn's support proved to be worth more; Blakley was unexpectedly defeated in the primary when the conservative vote was divided by other candidates, and Yarborough kept his senate seat by a margin of 680,000 to Blakley's 486,000. Texas election law was subsequently changed to require a run-off between leading candidates in primaries.

In 1961, upon Lyndon Johnson becoming Vice President of the United States, Blakley was appointed to fill Johnson's vacated Senate seat. Contention again appeared between the liberal and conservative wings of the Democratic Party for the nomination in the special election that would follow; Blakley maintained that he had vigorously resisted John F. Kennedy's "New Frontier" legislation, which was unpopular with Texas conservatives. Ralph Yarborough, consequently, did not endorse Blakley among the array of 71 candidates, although Blakley emerged the winner in a primary that set the two wings of the Democratic Party against each other again. In the general election, Texas liberals refused to vote for a Democratic candidate who seemed as conservative as the Republican one and Texas conservatives viewed Blakley's conservatism as lukewarm. Blakley was also far older than his Republican opponent, John Tower – Blakley was 62 and Tower was 35. Tower won the seat and Blakley became the first Democratic senator to lose to a Republican in Texas in over eighty years.

After losing the election, Blakley left politics and returned to his business interests. He died in Dallas on January 5, 1976, and is buried in Restland Memorial Park.

A library at the University of Dallas is named after him.

|- style="text-align: center;" | width="30%" |Preceded by:
Lyndon Johnson | width="40%" style="text-align: center;" |U.S. Senator from Texas
1961 | width="30%" |Succeeded by:
John Tower

External links

• "New Course in Texas" from TIME magazine, 2 June 1961
• "Harmony in Texas" from TIME magazine, 28 July 1957
• Handbook of Texas article on the Democratic Party
• Biographical Dictionary of the United States congress entry on William Blakley