Mosbacher was the finance chairman of Gerald R. Ford 's failed election bid in 1976 . He also lost his own race for delegate to the 1976 Republican National Convention in Kansas City , Missouri , to a slate backing future U.S. President Ronald W. Reagan , Ford 's rival for the party nomination . Mosbacher , running in the then 7th congressional district , lost to State Senator Walter Mengden of Houston , 39,276 to 26,344 votes
1976 Republican National Convention
1976 Republican National Convention
Robert Mosbacher