Bill Wallace of Eagle Lake, Texas gained fame at Rice Institute as a triple-threat back who could carry, pass, and punt the football. TCU quarterback Sammy Baugh once said that "Bill Wallace was the greatest back I ever played against" During Wallace's junior year in 1934, he earned All-America honors and led Rice to its first Southwest Conference championship. During his career at Rice he made the All-SWC team twice. In 1936 he was selected to play in the East-West Shrine Game and the Hula Bowl. Wallace was inducted into the College Football Hall of Fame and the Texas Sports Hall of Fame in 1978.