He was a lifelong resident of San Antonio and a descendant of the Canary Island Curbelo family who were some of the original settlers of San Antonio in 1731. In 1932 he married Dorothy Hissner and had one daughter, Mary "Maidie" Spencer Liebmann.
He was educated in San Antonio at Texas Military Institute and then attended The University of the South where he was a member of Phi Gamma Delta Fraternity.
After college he returned to San Antonio to work for the National Bank of Commerce before entering the family business A.B. Spencer Lumber Company. After serving in World War II as a U.S. Air Force Major he became active in the oil and gas industry in South Texas and remained in the industry until his death.
In 1976 he married Margaret DuCharme LeFevre to whom he remained married until her death in 1994.
Milton was an avid hunter making many trips to Canada and Africa. He was an active supporter of Boysville, Mission Road Foundation and Father Flanagan's Boy's Home. He was a past president of the San Antonio German Club and a member of St. Hubertus Club, Pilon Dinner Club, SAR, and Merry Knights, Sons of the Republic of Texas, San Antonio Country Club and the Conopus Club.
Milton was preceded in death by his mother Mary Vance Spencer, his Father Alexander Burke Spencer and his brother Alexander Burke Spencer Jr.
He is survived by his sister Josephine "Pimmie" Tucker, daughter, Maidie Spencer Liebmann two grandsons Robert E. Rigney Jr. and wife Elizabeth, M. Spencer Rigney and wife Sissy, five grandchildren Nathan Rigney, Julia Rigney, Sara Rigney, Meredith Rigney and Mallory Rigney, numerous nieces, nephews and cousins.
The family would like to thank Ellie Munoz, Henrietta Hernandez and Fema Luna for their long time loyalty and care as well as the staff of Manor Care Nursing Facility.
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