Cutter Bill (Buddy Dexter x Billie Silvertone x Silvertone), a 1955 palomino stallion bred by R.L. Underwood, of Wichita Falls, Texas, was owned by Rex Cauble, of Denton, Texas, who purchased the stallion at Underwood’s 1956 dispersal sale for $2,500.
Cutter Bill was a National Cutting Horse Association (NCHA) World Champion in 1962 and was the Reserve World Champion in 1963 with NCHA lifetime earnings of $35,964. The stallion was the 1962 American Quarter Horse Association (AQHA) High-Point Cutting Horse and earned AQHA Champion and Performance Register of Merit awards. He also earned an AQHA Superior Cutting Horse award.
A versatile sire, Cutter Bill’s offspring earnings are more than $140,000, according to Equi-Stat. His son Royal Cutter won the 1971 National Reined Cow Horse Association (NRCHA) Snaffle Bit Futurity and later won NRCHA Hackamore and Bridle Sweepstakes championships. Other notable Cutter Bill offspring include Cutters Indian, the 1972 AQHA High-Point Junior Western Pleasure Stallion, 1972 AQHA High-Point 3-Year-Old Halter Stallion and 1972 AQHA High-Point Junior Trail Stallion. Bill’s Lady Day won the 1987 AQHA Senior Calf Roping World Championship and Cutter’s Rocket won two Youth Working Cowhorse World championships (1983 and 1985).
Cutter Bill received even more public recognition when his owner opened two upscale Western stores in the 1960s – one in Dallas and one in Houston – and named them Cutter Bill’s Western World. Cauble later lost both stores after he was convicted of involvement with what is now known as the “cowboy mafia,” a marijuana smuggling ring in which Cauble was believed to be the financial backer.
Cutter Bill died in 1982 at the age of 27. After losing a number of court appeals following his 1982 court sentencing, Cauble began serving his five-year prison sentence in June 1984. He was released from a federal prison in El Paso, Texas, in 1987, at the age of 73. He died in 2003, the same year that Cutter Bill was inducted into the AQHA Hall of Fame.
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