On the same day Republican presidential candidate Phil Gramm backed a Christian Coalition social agenda, he revealed he invested $7,500 with his brother-in-law in the 1970s for a racy movie called “Beauty Queens.”
The Texas senator last week confirmed the investment after a report in New Republic magazine said he invested $15,000 in the movie, which never was made. The money was redirected by Gramm’s brother-in-law, George Caton, to a risque anti-Nixon film, “White House Madness,” described in a 1975 San Francisco Chronicle review as “an offbeat X-rated satire.”
One item of the Christian Coalition’s 10-point plan would restrict pornography on cable TV and the Internet.
“Twenty-one years ago, I invested $7,500 with my brother-in-law, who is a lawyer who lived in Los Angeles… who wanted to get into the movie business,” Gramm said. “The ultimate out come … was a total loss. He and my wife’s sister divorced in 1975 and that was the last I saw of my $7,500.”