Edward Paul Waggoner (April 9, 1889 – March 3, 1967), born in Decatur, Texas, was an American rancher, and one of the three original heirs to the W.T.
After forming the estate, Tom Waggoner appointed his three children, E. Paul, Guy and Electra, to the board of directors.
[1] Tom Waggoner was an infant when his father Daniel Waggoner acquired land south of the Red River near Vernon, Texas and started a ranch with a few hundred head of longhorn cattle and some horses.
[2] At the time, the Red River separated Texas from what was known as Indian Territory; it was an area where the Comanche and Kiowa made frequent raids.
[1][4] An extension of his ranch holdings included 3D Stock Farm which was also home to Arlington Downs, a multimillion-dollar racetrack facility his father had built, gambling that parimutuel betting would be legalized in Texas; the latter of which did occur in 1933 but the law was repealed in 1937, and wasn't legalized again in Texas until 1987.