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Transcripts For FBC Lou Dobbs Tonight 20240716

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Im jamie colby. And today, im driving in the badlands of eastern montana. Its rugged, bigsky, cattleranching country. Im on my way to meet a lifelong resident whose father left him a chunk of this land. Nice to have you here. Thanks for having us. My names Clayton Phipps. And in 1997, my father passed away, and i inherited from him a small portion of the family ranch. And along with that came a few pretty exciting surprises. 41yearold Clayton Phipps is like a character out of red river or lonesome dove. [ horse neighs ] most of the time, im on my own. Im happy that way. This ranch had been in our family since my greatgrandfather homesteaded here. And its a part of me that i just didnt feel like i wanted to ever part with. Clayton grew up and learned to cowboy here on the ranch his father shared with three brothers. He describes the operation as cashpoor but reasonably successful. My dad worked us hard, but that was a good thing, too. After claytons father dies in 1997, the ranch is split up. At age 24, clayton inherits 1,100 acres and 30 cows. That may sound like a lot. But to make a decent living these days, clayton would need 10 times that much land and about 500 head of cattle at least 40 acres for each cow. [ whistles ] i always tell people this place isnt big enough to starve to death on. But its every cowboys dream to have their own place. Okay, were saddling up. Just step on my knee with your right leg. Okay. There you go. Clayton insists i wear a helmet. Yeah, thats pretty smooth. Good girl somebody must have told him im a lawyer. I can see why clayton loves being out here. I also learn why he calls ranching a big gamble. There is a big gamble in ranching. Wintertime can be hard. You can have some big storms. There can be death loss. You can buy a bull for 10,000, and he can go wreck himself or break his leg or something, and you may not get any return out of him. For years, clayton works a second job, hoping to make enough money to build up his own herd. Getting the ranch to pay off becomes more urgent when he falls in love with lisa landwehr, who teaches at the local oneroom schoolhouse. Love at first sight. [ laughs ] my mom said she could see why i fell for him. My dad said, are you sure you shouldnt wait . [ laughs ] hes always been very good to me. Weve had a lot of fun together. My wifes from minnesota. The whole things been a Culture Shock for her. [ chuckles ] you know, its 120 miles to the nearest movie theatre. The old timers would say, you know, this countrys hard on horses and women. In 1998, the couples first child, julie, is born. Shell grow up to be a cowgirl, through and through. Julie came along, and, yeah, theres another mouth to feed, and a little more responsibility. And you have to start, you know what am i gonna do . It all ratchets up the pressure on clayton to make the ranch financially viable. Now. Got to figure out a way to try to buy more land, enough land to raise enough cows to provide a living. Then one day, clayton runs into a stranger whod been prospecting in the badlands near claytons ranch. He started pulling these things out of his car. He started saying, you know, this piece here might sell for 500, you know, and it was a fragment of bone. And im like, what . They were fossils, remnants of giant beasts who lived here eons ago. Clayton figures if there are that many valuable fossils on the neighbors land, there must be as many on his. Could they help him keep his home on the range . As i was out fixing fence, or riding, or gathering cattle, i started watching, and, you know, started picking up fragments here and there, and then trying to learn more about it. It got me excited that, you know, this stuffs everywhere. Its everywhere because phipps ranch sits right on one of the most important scientific areas on earth the hell creek formation. 65 million years ago, this was a warm, palmstudded forest. Giants ruled the earth. Peter larson runs the black hills institute, which prepares fossils for museums and collectors. The hell creek formation shows us the very end of the age of dinosaurs going up to the time that this giant asteroid 6 miles across crashed into the earth and actually caused the extinction of about 70 of life forms here on this planet. Between chores, clayton scours the gulches and ridges on his land, searching for fossils. He finds plenty of fragments buckets full of them, in fact but nothing he could sell. These bones would not put meat on the table. Then one day, something in the rocky soil catches claytons eye. I looked, and there was a t. Rex premax tooth laying there in almost perfect, museumquality condition. So, this tooth, for example, is a result of your inheritance . It is. Clayton shows me a casting of the tooth his first real find in the back room where he prepares specimens for sale. Its a combination man cave, research library, and trophy room. And i went home and sold that tooth that night to a collector for 2,500, and i was back in business. [ cow moos ] back in the ranching business, that is. I used that money to buy my first cattle to help supplement my other disease, ranching and cowboying. Right. Well, thats what kind of actually was exciting about it. We were pretty proud of being able to start our herd with something that he found, you know . That was pretty cool. Pretty cool sure. But could such prehistoric artifacts be the cash crop they need to help them build up their herd and make the ranch a success . Its another gamble. Claytons all in. Lisa, not so much. Paychecks kind of need to be steady when youre raising a family. And it was a gamble, you know . [ chuckles ] my wife was really skeptical. You ever sit there and dream of another life . [ laughs ] hes not listening right now. I have to confess, yeah, its crossed my mind. I wouldnt give him up for anything, but, you know, i was nervous. As months go by with no significant finds, even clayton begins to have doubts. I got to one of my sites, and my tractor tire was flat, and that was gonna be a 500, 600 bill, you know . I was thinking, i dont even know if this is what god wants me to do, you know . I was broke. And then, as if by divine intervention, his luck changes. It was just the coolest little skull ever. Thats next. But first, our strange inheritance quiz question. The answer when we return. Youre headed down the highway when the guy in front slams on his brakes out of nowhere. You do, too, but not in time. Hey, no big deal. Youve got a good record and Liberty Mutual wont hold a grudge by raising your rates over one mistake. You hear that, karen . Liberty mutual doesnt hold grudges. How mature of them. For drivers with accident forgiveness Liberty Mutual wont raise their rates because of their first accident. Liberty mutual insurance. Liberty. Liberty. Liberty. Liberty racing isnt the only thing on my mind. And with godaddy, im making my ideas real. With godaddy, you can get a website to sell online. And it will look good. I made my own way. Now its time to make yours. Working just like it should now the answer to our strange inheritance quiz question. The answer is c, tiggeraptor. In 2003, cowboy Clayton Phipps starts to feel that fossil hunting on his Montana Ranch is a bust. Its been almost a year since hes found a marketable bone. Then he hits pay dirt, in the form of a skull from a 65millionyearold stygimoloch. I found that stygimoloch on my wifes birthday, and i named the skull lisas dragon. This is the most complete skull discovered to date of this particular dinosaur. Unearthing this horned relic of the cretaceous period instantly changes claytons outlook. Its the thrill of discovery, youre the first person to see it. Its a special feeling. Its hard to describe until you actually are in that position. Thats amazing. Amazing. Wow. The real thrill comes when a collector buys the skull, netting clayton more than 40,000. His strange inheritance is finally starting to pay off. It was about a years wages for what i was making on the ranch. It buys him, among other things, more time to make his grand plan work. I told lisa, i said, ive got a year to try to see if i can survive with our ranch and selling dinosaur fossils. Meanwhile, the phipps family is expanding. A son, daniel, arrives in 2004, and his brother luke, 3 years later two acorns that dont fall far from the tree. By now, dad has acquired a reputation and a new nickname, dino cowboy. Professionals begin to respect his knowledge of dinosaur bones, and his ability to find them. The only way you can find fossils is with your eyes. And the only way you can do that is get out there on foot and and walk the outcrops. A guy like clayton can invent. He can solve problems. Clayton offers to show a new york gal how its done. He starts with a safety lecture. Any snakes . Theres rattlesnakes. Theres mountain lions. Walking along the crest of a hill, there could be a cavity, and you could step on one of those and fall 30 feet down. Looks great. If you move the dirt, you might find one. Now, what is that . This is a little end of a limb bone to a little planteater. Its pretty cool. You can see the whole end of the bone. Oh, this is definitely bone. Yep. Thats most like a rib. I can tell by the oh, the shape. I can see why they call him the dino cowboy. Another piece of bone washed down there. And i can see how you could get hooked on fossil hunting. Its the feeling you get picking something out of the dirt and realizing it was part of a living, breathing behemoth 65 million years ago. Theres spikes on this. Look. Were gonna have a project here. Im starting to think the whole phipps family has some kind of dino radar. Looks like a rib. Like the top of one . In just the first few minutes, claytons youngest, 7yearold luke, finds a rib. Okay, im having a blast. Can i get down here and keep looking . Now, is this just wood or petrified wood . No, thats a bone. I found part of a leg bone. Amazing slowly but surely, this is a whole dinosaur. It came off this hill somewhere. You know, one of these layers is gonna produce, you know, hopefully, some more of this skeleton. So, we found a spot worth looking into. Maybe. Oh, for sure. Clayton knows there is dino gold somewhere in these hills, and he aims to find it. The highest selling fossil that i know about sold for a little over 8 million. That was one single dinosaur. That 8million find, a 42foot long t. Rex nicknamed sue, now stands in the main hall of chicagos field museum. It could buy a lot of cattle. It would help. [ chuckles ] fortunately, his reputation as a man who can find old bones leads an experienced fossil hunter named mark eatman to knock on claytons door. Clayton is a total modernday mountain man or macgyver. I went to his ranch, where we started to look for fossils together. Another chapter in this strange inheritance story is about to begin. Youre always thinking, right over the next ridge or over the next patch of badlands, its gonna be there. Im gonna find that big one. As it turns out, marks words are prophetic. Whoo thats next, on strange inheritance. Heres another quiz question for you. The answer in a moment. Sooner or later, we all sign up for medicare. Figuring it out. Not that fun. And like my dad, you might want Medicare Supplement insurance, too. Uh oh, more research. No big thing. Not with this website. Unitedhealthcare Insurance Company created aarpmedicaresupplement. Com to help make your decision easier. With answers to important questions about aarp Medicare Supplement insurance plans, insured by unitedhealthcare Insurance Company. Like how this type of plan, also called a medigap plan, helps pay for some of what medicare doesnt. And how aarp Medicare Supplement plans are the only ones endorsed by aarp. Selected for meeting their high standards of quality and service. And check this out. All you do is type in your zip code. And find rates for the aarp Medicare Supplement plans in your area. Its that easy. What you need is right here, including short videos that explain some of your medicare and medigap options. Read about the key features of a medigap plan, too. Like, this type of plan gives you the freedom to choose any doctor who accepts medicare patients. With no networks. And no referrals to see a specialist. Use this site however you like, whenever you like. If youre ready to go, apply anytime at all. Or if you just want to learn more, ask for one of these. Theres so much information out there online. This one site makes it simple. Its your guide. To help you decide so, if you or someone you know is turning 65 soon, or thinking about a medigap plan, this is a great place to start. Research a little. Learn a lot. Or just find rates for the aarp Medicare Supplement plans in your area. Aarpmedicaresupplement. Com hard to say. Easy to use. And filled with great advice. Just like your dad right . Yeah, just like you, dad. Now the answer to our quiz question. Which came first . The answer is b. The oldest shark fossil is more than 400 million years old. The oldest cockroach fossil is 350 million years old. The oldest dinosaur arrived 100 million years later. As i listen to Clayton Phipps tell the story of the ranch left to him by his father, i cant help but think that his strange inheritance is not just about this 2 square miles of montana badlands filled with dinosaur bones. Its also the unexpected journey that came next from struggling rancher to hopeful husband to dad worried about being a good provider, and then to renowned dino cowboy whos still hoping to find a way to make it all work financially. He gets a boost when professional fossil hunter mark eatman knocks on his door. Using claytons ranch as a base of operations, they set out to scour not only the phipps ranch, but parts of the surrounding hell creek formation on which it sits. In june 2006, mark scans a rock outcropping and spots fossil fragments from a triceratops, a 7foot tall plant eater. This beast died right here more than 65 million years ago. [ roaring ] its only about 60 miles from the phipps ranch. But the remarkable journey launched by claytons strange inheritance will transport him to a time and place he could hardly imagine. After cutting a deal with the landowner, who will get a share of any profits, clayton starts picking away, first with a shovel, then a jackhammer, and finally a backhoe. I realized that there was this arm claw in there, a giant meat hook killer, nastylooking creature. Clayton has uncovered another set of bones intertwined with the triceratops. What the heck did we just find . And, you know, i knew i had a claw, but thats all i really knew. So, i run down, and i start brushing away the dirt and the sand from where i was digging with the machine. And i start to see an arm, and i start to see a leg below the arm. And, whoo [ both laugh ] you know . Son of a gun. Theres another dinosaur in here, and it wasnt friends with the one we just found. Thats when i went ballistic with excitement, actually. Its a monster discovery. Claytons son daniel and daughter julie pose to give a sense of the enormous size of these two creatures predator and prey, apparently locked in a battle to the death one the planteating triceratops, the other what looks like a young t. Rex. Phipps calls them the dueling dinos. I was talking to to a fossil dealer, and he said, clayton, youre the luckiest guy i know. He said, who could go out in the middle of nowhere with a backhoe and dig up the best meateater from the hell creek formation ever . [ laughs ] i guess god was watching out for us that day. [ laughs ] its one of the most fantastic dinosaur specimens thats been found ever. Its one of the few instances where we can actually find the culprit. Well, how did this animal die, and what killed it . We believe they killed each other. Wait, in battle . How can you tell that . Clayton explains, using this model of the dueling dinos. We have teeth from the predator embedded in the prey. Some of them are embedded still in the pelvis area, and theyre also in the throat area. Id give anything in the world to go back that day in time and see what happened, you know, to watch that fight and see how it unfolded. For a cowboy and his family who have been just scraping by, the dueling dinos could be a lifechanger. My initial thought was these things are somewhere around the value of maybe 10 million. Thats even more than chicagos field museum paid for sue, the giant t. Rex unearthed in 1990. Clayton and his partners shop the fossils to a number of museums, seeking a multimilliondollar deal that would permit access by both scientists and the public. I would like to be able to take my grandkids someday to a museum that its in, say, your old grandpappy found that dinosaur. Seven years pass, but no Public Institution bites. So in november 2013, clayton moves on to plan b. Bonhams Auction Company contacted us, and they said, would you guys be interested in putting it up for auction . Thats next on strange inheritance. nicki palmer being a verizon engineer is about doing things right. And theres no shortcut to the right way. So when we roll out the nations first 5g network, itll be because we were the first to install millions of miles of fiber optics. And well be the first to upgrade the towers and put up the small cells that will power the smart cities of the future. When i started at verizon, i knew i was joining a team that was pushing the industry forward. Now, with the launch of the only 5g ultra wideband network, were doing it again. This time, changing the way we learn, work and live. And ill always be proud that were not just building americas first 5g network. Were doing it right. Now back to strange inheritance. November 2013, 16 years since Clayton Phipps inherited this Montana Ranch from his father, 10 years since he dug up the 40,000 stygimoloch skull that sealed his reputation as the dino cowboy, and its 7 years since he made one of the most fantastic discoveries in history two prehistoric beasts locked in combat. Now theyre up for sale in new york. The bidding starts at 3 million, hits 5. 5 million. Then stops. That may be a fortune to a struggling rancher, but its far below the 7 million reserve price set by clayton and his partners. The result no sale. Unlike the folks who cashed in on the worldfamous t. Rex sue, clayton walks away empty handed. I hope im not out of line expecting to get paid for, you know, what weve got into it. Clayton believes hell eventually get that, and more. We all feel the fall of the economy really, really hampered things for us, for sure. So, back on the range, he continues to raise cattle, search for fossils, and tinker in his lab, still waiting for his big find to pay off. If one day, however, those dueling dinos or perhaps other spectacular fossils yet to be unearthed on his strange inheritance do make him rich, im betting the path of Clayton Phipps life still circles back to this piece of montana. Im living the dream. And because i can stay outside and have the thrill of discovery, the dinosaur hunting fits into that just perfectly. Its my hope that i can do this for as long as im able to do it. Those dueling dinosaurs are now part of a pretty fierce fight among modernday paleontologists. There are some who think the small but vicious predator is simply a young tyrannosaurus. But there are others, including clayton, who think he unearthed a specimen of a newly discovered species, a nanotyrannus. Well, either way, keep that word small in perspective. Were talking about a dinosaur that was 8 feet tall and 35 feet long. Certainly, theres no dino that would have wanted to meet the likes of that in the ring. [ chuckles ] im jamie colby. Thanks so much for joining us on strange inheritance. And remember, you cant take it with you. Do you have a strange inheritance story youd like to share with us . Wed love to hear it send me an email, or go to our website, strangeinheritance. Com. The peoples house a familys legend. I can remember being a little kid and asking my father what it was. A centuryold mystery. He said, its from the white house. And i go, talking about d. C. White house . I was just stunned. The white house neither confirms nor denies. What do you see . Gold [ laughs ] lets investigate i scrape the paint layers down to the wood. And when you heard what it was worth . And sold [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] im jamie colby, and today im in boston to meet an heir who has an inheritance so strange, it takes years just to figure out what it is. My name is mike meister. My siblings and i inherited something that goes back to our greatuncle more than a hundred years ago. Wed always been told that it came from the white house, but it was just a family story. Hi, jamie. Welcome to boston. Thanks, mike. Nice to meet you. Yeah, nice to meet you, too. Mike leads me inside, saying he has something amazing to show me. He keeps it in its own molded, airtight protective case. Can i take a look . Sure can. You brought me all the way here, mike. This is. What is it . Mikes strange inheritance is this piece of decorative pinewood. 30 inches long, 14 inches across, four inches thick. On the back is a faint signature and a date j. S. Williamson, october 15, 1902. Theres a real story behind it. Family legend is that its from the white house. Could that be . The white house does have a colorful past. Its nearly completed at the end of john adams presidency. He moves in in november 1800, but stays only a few months. Thomas jefferson spends two terms there before handing the keys to james madison. Then british troops set it ablaze in the war of 1812. [ indistinct shouting ] first Lady Dolley Madison orders the staff to remove this beloved portrait of George Washington by gilbert stuart. But according to william seale, author of two books on the white house, the buildings interior is destroyed. They burned the second floor with rubble, and then they broke up all the furniture and poured lamp oil on it. And the attic fell in, and then it burned through the main floor and the whole thing, in about two hours, was just a shell. After the war, the original architect, james hoban, rebuilds it exactly as it had been in what will become known as the federal style. President madison decreed that it be rebuilt as a symbol of survival. By 1817, the renovation is almost complete and our fifth president , james monroe, moves in. A dozen years later, the seventh, andrew jackson, lets a drunken mob trash the place during his inaugural ball. Maybe this poor piece of wood was part of the collateral damage. Who knows . Over the years, president s come and president s go, redecorating, repainting, and renovating to suit their individual tastes. Then, in 1902, Theodore Roosevelt begins the first wholesale restoration of the mansion that he officially names the white house. Its time to pick up the thread of this strange inheritance story. According to mike meister, in 1902, his greatuncle, Joseph Williamson jr. , is a law student at Georgetown University in d. C. One day, he strolls down pennsylvania avenue, spots the piece of wood in a junk pile, and thinks, its pretty neat. Joseph jr. Picked it up. Like a yard sale . Did they buy it . No, it was scrap. I mean, it was things that were gonna be eventually hauled off to landfills, burned, whatever. He brings it home to illinois from law school and gives it to his father as a memento. His dad inscribes his name and writes the date on the back. The piece is handed down in the family to mikes dad, wayne meister, in the 1930s. Where was it kept . It was in the basement of our house out in illinois a farm that my parents bought after world war ii. And it was hanging on a wall. I can remember being a little kid and asking my father what it was. And he would say, thats a piece of the white house. Did you believe him . Youre a farm kid in illinois, and your parents have a piece of a white house . When he said something, it meant he wasnt making things up. Pretty cool, though its just one conversation piece in a house that wayne and his wife, ann, pack with all sorts of gewgaws, knickknacks, and odd antiques. One of their hobbies was going to auctions and tag sales and finding things of value, and then, if they needed refinishing, they would refinish them. Did they ever consider taking sandpaper or a paintbrush to that mysterious hunk of wood in the cellar . Mike shudders to think. What if she decided, this ugly old thing, im gonna strip the paint . But she certainly never did. Are you kidding . That could have happened . Well, it didnt. In 1964, the meisters and a moving van full of antiques relocate to massachusetts. Its there, during christmastime in 1988, that mike, all grown up, announces hes getting married. We had a family dinner to meet the inlaws. And my brotherinlaw, Larry Forrest, was there. That night, mike brings larry into the attic. I said to larry, i want to show you something, and i took him upstairs, and i showed him. It was in a moving box from 1964. They didnt even unpack it. No, no. Mike pulled out a piece out of the box, and he said, its from the white house. And i go, talking about d. C. White house . He goes, yeah. I was just stunned. If you asked somebody whats the most important building in our history, theyre gonna say the white house. And here it was, sitting right next to me. Did mike ask you to learn more about it for him . The more we got talking about it, we said, lets find out where this came from. But its just talk, and it will be for years. Mikes dad dies in 1996, and his mom in 2001. Only then do the meister kids begin to deal with any of the old stuff their parents accumulated. Did your parents leave a will . We had a trust. Did they specify . Not in that particular case, no. To clean the house out, to send things to auction, and sell it, it was probably a good three months. But we kept a lot of the things, too, that meant something to each one of us. One of the things they keep is that distressed hunk of wood. There was no way we were gonna sell that, because we didnt even know what it was. What you think it was . An architectural element from the white house. But we had no idea what. Its not until 2007 that brotherinlaw Larry Forrest convinces the meister family they need to get some answers. And he takes on the role of lead investigator. His first line of inquiry the white house itself. I spoke to a gentleman, and i told him about what the family had. And after the laughter and telling me that that wasnt possible, i said, were pretty sure, its written on the back, and so forth. And he goes, its probably from some other old building or whatever. But larry persists. His letters, his calls turn up nothing. Then after two solid years, his search leads him to historian and author bill seale. I said, can i just send you pictures . So when he received them, he called me back and he goes, i swear ive seen it. Was it a eureka moment . Thats next. But first, our strange inheritance quiz question. The Current Oval Office was not built until 1934, when f. D. R. Was president. The answer when we return. Hey guys. Today were here to talk about trucks. I love trucks. What the heck is that . whoa what truck brand comes from the family of the most dependable, longestlasting fullsize pickups on the road . I think its the chevy. Ford. Is it ford . Nope, its not ford. I think its ram. Is it ram . Not ram. Thats a chevy its chevy thats right. From the family of the most dependable, longestlasting fullsize pickups on the road. Gorgeous. Chevy hit it out of the ballpark with these. The answer is b, a laundry drying area. But if you said c, you might know that the first formal executive office was created by f. D. R. s fifth cousin, Theodore Roosevelt, and today is known as the roosevelt conference room. For years, mike meister was told his father had a family heirloom like no other a decorative piece of wood with peeling paint, reputed in family lore to be from the white house. The problem nobody knows how to find out if the story is true. Its become an irresistible mystery to mike and his brotherinlaw, Larry Forrest, who are determined to solve it. Larrys inquiries are all met by laughter and blank stares, until he calls author and historian bill seale. He was skeptical that it could be the actual white house. So i said, can i just send you pictures . What was your initial reaction . Well, i thought it looked suspicious. [ laughs ] and so, i didnt tell them much until i researched it. Did you say, ah, just leave it in the attic another 50 years. Itll be fine . No. No, i was too curious for that. In fact, the meisters photos have bill scratching his head. He called me back, and he goes, i swear ive seen it. Bill is remembering a particular photo from 1898, during the mckinley administration, that he used in one of his books about the white house. The photo shows a hallway called the cross hall. This is the cross hall. Its used a lot now. Started by president george w. Bush. There it is. And this is that march to the east room. In those days, you had a Grand Staircase here. And then, suddenly, bill spots it off in the corner, between a chair and a potted plant. Right there see it . Look familiar . Sure looks like mikes strange inheritance. And there it is, in the white house, in 1898, when William Mckinley is president. And there is the plinth. Its the only one it could be because its for that side. Id never heard of a plinth. What is a plinth . Its a base of a column that runs up the wall. How many were there . Well, there were four. They were in niches in the hall where originally built for stoves. Do we know where the other three are . No, nobody does. Never been seen. So now im wondering, how does the plinth get from that cozy corner in the white house to the meisters attic . Well, in september 1901, president mckinley is in buffalo, new york, at the panamerican exposition. Hes shaking hands with the public, when an anarchist named Leon Czolgosz assassinates him. Suddenly, Vice President Teddy Roosevelt is sworn in. Among his many big ambitions is a gut rehab of the executive mansion. 1902 was a major reshaping of the symbol of the white house into a more worldly time. America became more international, and the white house was redone to be compatible with that. T. R. s goal is to return it to its original federalist incarnation, while clearing it out to accommodate a brood of six children and a pony. It also means separating the living quarters from our nations most important executive offices. He moved the offices out of the family floor and built the west wing. He reorganized the place so it wasnt just an Old Plantation house. To that end, roosevelts architects rearrange the entrance, removing this stairway and these victorian tiffany panels from the cross hall as well as all that old ornamental woodwork, like the plinths. The workers pile loads of rubbish outside, and souvenir hunters snatch it up. There is one letter from Theodore Roosevelt, and he said, people are scattering around for souvenirs. So bill seale is beginning to believe that the meister family lore about greatuncle joseph must be true. And that this hunk of wood really is a relic of the white house, going all the way back to 1817, when president monroe moved in after that nasty business with the british. Were you interested in it . Very. I was stricken by it, to tell you the truth. So, something that looks like wood or plaster is actually a whole story, in and of itself . Its like dna. And the object has many, many things to say. And the next step is very much like a dna test. What they discover was that this strange inheritance was a lot more important and valuable an artifact than even bill seale had imagined. Youre smiling. Thats next. Heres another quiz question for you. Which amenity was added during the Obama Administration . Was it the white house. The answer when we return. This isnt just any moving day. This is moving day with the best inhome wifi experience and millions of wifi hotspots to help you stay connected. And this is moving day with Reliable Service appointments in a twohour window so youre up and running in no time. Show me decorating shows. This is staying connected with xfinity to make moving. Simple. Easy. Awesome. Stay connected while you move with the best wifi experience and twohour appointment windows. Click, call or visit a store today. [ bird caws ] its c. The White House Tennis Court was converted to a Basketball Court for the former highschool hoops player. Its november of 2009, and historian bill seale, based on this photograph, believes that mike meister likely inherited a rare and very important relic an actual piece of the white house. Its an ornamental piece of wood called a plinth that may have been removed during Teddy Roosevelts 1902 renovation. In order to verify its authenticity, seale advises the family to have the paint analyzed. So mike and his brotherinlaw, Larry Forrest, drive from boston to bryn mawr, pennsylvania, to meet with this guy, historic paint analyst frank welsh. He said, you guys go out for a little while, im gonna do analysis on it, and see what i think. Frank studies the paint layers with a magnifying glass, and then a stereo microscope, as he scrapes away each layer with an xacto knife. Then i start recording, starting with the layer closest to the wood numbering layers one, two, three, four all the way up to the most recent. Well, we got a call in about halfhour, and he goes, this is spoton. Theres 17 layers of paint on this, theres three layers of gold leaf on it. He said, theres absolutely, 100 , exactly what it should be for that time period. Everything seemed to line up very, very well. I felt very comfortable that the paints that i was looking at could easily be as old as they felt the plinth was. It is very unique. As t. R. Would say, thats bully in identifying those 17 layers of paint, frank may be the first person to open the door to a previously unknown decorative history of the white house. Author bill seale matches each paint layer with a chapter in president ial history. If you want accuracy in history, heres the real thing. This is our only touch with those periods. Bill does the math. There were 21 administrations between president S James Madison and Teddy Roosevelt. But three of them harrison, taylor, and garfield were exceptionally short due to death from illness or assassination. If the hallway isnt repainted during those presidencies, and maybe one president lacks the inclination to repaint, youve got your 17 layers right there. You went from rejection to respect. Howd that feel . We had solved a mystery. Bill seale encourages them to donate the plinth on the spot to the White House Historical association. They say theyre inclined to, but first they need to find out what its worth. Did you have a number in mind that you thought it would be . No. What about you, larry . You did all the running around. You could shoot real high on this one, just from the fact of how much historical value it has. And when the meisters get the appraisal, theyll have some thinking to do. Thats next. Whats your strange inheritance story . Wed love to tell it. Send me an email or go to our website strangeinheritance. Com. Now back to strange inheritance. By the fall of 2014 in boston, mike meister, and his brotherinlaw, Larry Forrest, have determined that a piece of wood called a plinth, handed down through several generations in the meister family, really is from the white house, and very rare indeed. But is it valuable . They take it to an appraiser. Youre smiling. Well, he appraised it at 500,000. The appraiser was an oldtime white house appraiser. I was very surprised that was more than i expected it would be. Who would buy such a thing . Someone with the money to buy it, or someone that wants to buy it and give it to a museum or president ial library. Historian bill seale is hoping the meister family will cut out the middleman, donate the plinth to the White House Historical association themselves, and take a tax writeoff. But thats a lot to ask of mike and his three siblings, who could be looking at walking away with 125,000 apiece. Are you gonna sell . Were having it put up for auction. I think in the long run, and im hoping, that itll be appreciated by many more people than might have been with the White House Historical association. The meisters reach out to Bobby Livingston at rr auction in amherst, new hampshire. When i first laid eyes on the plinth, i was like, wow its spectacular. As someone who handles a lot of historic items, when you see Something Like 17 layers of paint, it tells a story. He joins us live from new hampshire. Next thing you know, the story is getting big media coverage, including on fox news. Weve never, in 30 years, offered any pieces of the 1817 white house. Because theres no, you know, photography from that era, its incredibly important. Weve had registrations from all over the world, so we expect the bidding to be quite lively. Number 22 architectural ornament from the main hall of the white house. The meister family is on hand for the auction in boston in september 2015. 100,000, 100,000, 110,000. Here we go. 120,000. Looking for 120,000. The bidding starts to pick up a little momentum. 120,000, 130,000, 140,000. But then it just fizzles. 160,000 once, 160,000 twice. Sold, 150,000. Fantastic. Its nowhere near the halfmillion dollar appraisal, though a 150,000 is nothing to sneeze at. And mike reminds us that it wasnt only about the money but sharing a neat piece of americas past just like his ancestor, who wandered by the white house one day in 1902 and thought to snatch up a souvenir to send back home. Is this the best case of being in the right place at the right time . I believe it is, i really do. I think from what weve learned of it and what hopefully other people can learn from it, i think its a living piece of history. So, who bought mike meisters strange inheritance . Well, we know this much a fox viewer. All Bobby Livingston would say is that one of those watching him on fox news before the auction was so intrigued, he phoned in and plunked down 150 grand. If youre watching now, enjoy your piece of history. And, remember you cant take it with you. Im jamie colby. Thanks for watching strange inheritance. Drastically altered my life for a very long time. This confirmation process has become a national disgrace. Lauren raw emotion on capitol hill and now the Senate Judiciary committee is going ahead with a vote to recommend confirmation of judge Brett Kavanaugh hours from now. Tracee shares of tesla getting hammered after sec sued and seek to go remove from company. Lauren investors focus on fed rate hike and upcoming season. The dow rose 54 points. Nearly up 9 in the last day of

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