Though I don't know the reason for naming this palomino son of Buddy Dexter, Cutter Bill, I can safely assume that the 'Bill' part of his name came from his dam, Billie Silvertone, and the 'Cutter' part may have been due to the qualities he showed even as a youngster, but needless to say, Cutter Bill lived up to his name. He was a 'cutter.'

Though he'd grown up on a cotton farm, it was Texas oil that had yielded the best crop for Mr. Cauble and he was out to buy some good mares from Lee Underwood's dispersal sale. In truth, it was Josephine Cauble, Rex's wife, who had accompanied him to the sale (not often done by her), who is greatly responsible for Cauble buying the colt.

He was tied to a fence and looking Josephine's way, almost beckoned to her by tossing his head as if to say, 'come pet me.' Josephine ran her hand across his polished gold hide, saying "Let's buy him."

"Josephine, we came here to buy mares to breed to other people's stallions so that we can raise horses. We have no need for a yearling colt," said Rex. Cutter Bill rested his head on Jospehine's shoulder and stared at Rex.

"Please?" Josephine coaxed as the horse kept staring at him.

"Well, if he doesn't bring more than $1,000," said Cauble.

So, he was purchased as a yearling in 1956 at R. Lee Underwood's famous dispersal sale (covered in our previous issue) by Rex Cauble of Fort Worth, Texas, for the then renowned sum of $2,500. A far cry from Cauble's "set" price of $1,000.