This would true. All true. That's not the only thing either.
Augusta, more specifically Clifford Roberts, who was a miserly sort of fellow, also was successfully sued by the irrigation pipe supplier for non-payment, and probably a host of others who were stiffed by the club at the outset of the Great Depression.
Sadly, MacKenzie died broke, and it was more then likely due to stress from this entire incident. MacKenzie's letters pleading for Roberts to send him money were largely ignored.