He graduated from Oklahoma City High School in 1916, where he played football and basketball.

He returned to Iowa State after the war and was selected by Walter Eckersall as a first-team player on the 1920 College Football All-America Team.

[2] Wallace served as the head football coach and athletic director at Cornell College in Mount Vernon, Iowa in 1924.

[4] Wallace moved to Great Falls, Montana, in 1937 to work with lumber dealers.

He was jogging along Tenth Avenue South near Great Falls when he was struck by a car as he tried to cross the street.