all Oral History
April 13, 2012

Gerald Ray

Gerald Ray came from a family shaped by very different beginnings. His father, Joe Ray, was born in Colorado, while his mother, Elizabeth, was born in Odessa, Russia, and survived the pogroms of her childhood, protected once by a Christian family who placed a cross in their window. She reached Ellis Island around age thirteen, traveling alone, and made her way through Chicago to Dallas to care for her ailing father, who suffered from tuberculosis. Working as a seamstress, she sent what pennies she could to bring the rest of the family, including her mother Molly, out of Europe. Joe and Elizabeth met and married in Dallas, and raised Gerald and his three sisters.

Gerald lived his whole life in Dallas, born at St. Paul Hospital and raised briefly in South Dallas on Forest Boulevard before the family moved north when he was young, eventually building a beautiful home on Hanover Street. His father was a hard-working entrepreneur with a fifth-grade education but great foresight, especially in real estate, and ran ventures including wall-box music machines in restaurant booths, a movie house near Arcadia, and a liquor store. Gerald attended University Park elementary school, walking there with his friend Harold, and graduated from Highland Park High School, where the two were known for their pranks.

At Texas A and M, one of few Jewish students, Gerald endured the demanding cadet life and came to treasure the camaraderie and respect he found there, an affection that only deepened over the years. He served as an Air Force pilot, earning his wings, then pursued a graduate finance degree at Wharton before returning to Dallas partly to be near his widowed mother. He built a successful career in investment banking and finance. Married since July 12, 1959, he and his wife raised a daughter, Julie, and a son, Joe, and have several grandchildren. The family belonged to Temple Emanu-El, and Gerald credits mentors, friends, and Texas A and M among his greatest influences.