Dinero was settled in the year 1838 by farmers and ranchers. The town was first named "Barlow" after the local ferry operator. The townspeople were instrumental in organizing Live Oak County, 1856; they started a school by 1858. By about 1872, rumors of money ("dinero" in Spanish) buried here led the town to change its name. A post office was established in 1885. Town buildings were moved a mile west, 1913, to be on a new rail line. In 1925 Dinero piped its first natural gas to Houston. Oil and gas continue to bolster its economy. The local landmark is hanging tree (200 yards southwest). One famous resident was J. Frank Dobie (1888-1964), Texas author. (1970)