Entries - Entry Category: Business and Economics - Starting with F

Faucette, James Peter

James Peter Faucette was a politician, businessman, and the third mayor of Argenta, now North Little Rock (Pulaski County). He was a leader in the separation of Argenta from Little Rock (Pulaski County) after a forced annexation. Jim Faucette was born on September 28, 1867, in Pope Station, Mississippi, the fifth child and second son of James Beard Faucette and Eliza Jane Hubbard. The Faucette family settled in Texas in 1878 and then in Arkansas in 1880, moving to Searcy (White County), Dover (Pope County), and Russellville (Pope County) within a year. Faucette moved to Argenta, a small settlement on the north shore on the Arkansas River, opposite Little Rock in 1885, following his older brother Will Faucette, who settled …

Faucette, Will

aka: William Chesley Faucette
William Chesley Faucette was a politician, businessman, and the first mayor of Argenta, now North Little Rock (Pulaski County). He was a leader in the decade-long fight to separate Argenta from Little Rock (Pulaski County) after a forced annexation. Will Faucette was born on August 13, 1865, in Pope Station, Mississippi, and was the fourth child of James Beard Faucette and Eliza Jane Hubbard. The Faucette family moved to Texas in 1878, then to Arkansas in 1880, living in Searcy (White County), Dover (Pope County), and Russellville (Pope County) within the space of a year. Around 1883, Faucette moved to the small settlement of Argenta on the north side of the Arkansas River opposite Little Rock. The rest of the …

Fayetteville Shale

The natural gas field known as the Fayetteville Shale, development of which began in 2004, became recognized as one of the ten largest gas fields in the United States. The exploration of this resource was initiated by Southwestern Energy Company, which, by its high point in 2008, had booked sufficient natural gas reserves to heat every home in New York City for four years. This large find attracted other operators, creating a large, although short-lived, economic stimulus for Arkansas. The Sam M. Walton School of Business at the University of Arkansas (UA) in Fayetteville (Washington County) estimated the economic impact of the leasing programs, drilling operations, and royalty payments generated by the development in its first decade of operation at …

Fitzhugh Snapp Company

Located six miles north of Augusta (Woodruff County) at the junction of County Roads 140 and 165, the Fitzhugh Snapp Company at Fitzhugh (Woodruff County) was placed on the National Register of Historic Places in 2005 for its significance in two areas of merit: the general store’s important association with agriculture in Woodruff County and the building’s distinctive representation of twentieth-century commercial architecture. The Fitzhugh store was an integral part of an agricultural community that revolved around cotton production in the northeastern Arkansas Delta from the mid-nineteenth century to the mid-twentieth century. Rufus K. Fitzhugh and J. Harrison Snapp built the original wooden mercantile store in Fitzhugh, probably in the mid-to-late 1890s. Although its exact date of construction is not …

Flint Creek Power Plant

The Flint Creek Power Plant, located near Gentry (Benton County) and operated by Southwestern Electric Power Company (SWEPCO), is one of four coal-fired power plants in Arkansas. On April 9, 1974, SWEPCO and the Arkansas Electric Cooperative Corporation (AECC) jointly filed an application with the Arkansas Public Service Commission (PSC) to build and operate a single-unit coal-fired power plant and related facilities in western Benton County near Gentry, close to the Arkansas-Oklahoma state line. SWEPCO would build and operate the plant. This application was the second request to build a major coal-fired generating plant in Arkansas filed within the first year after the Arkansas General Assembly adopted a law known as the Utility Facility Environmental Protection Act. The first request, …

Fordyce, John Rison

The son of Hot Springs (Garland County) entrepreneur and Cotton Belt Railroad president Samuel Wesley Fordyce, John Rison Fordyce forged his own way into Arkansas history. He was educated as a mining engineer but was also an inventor, manufacturer, leader in commerce, public servant, and amateur archaeologist. John R. Fordyce was born in Huntsville, Alabama, on November 7, 1869. He moved to the health resort of Hot Springs at age five with his father and mother, Susan Chadick, after his father, suffering from malaria contracted during the Civil War, found renewed health in the local thermal springs. The third of five children, Fordyce—along with his three surviving siblings—was educated in Hot Springs schools. His father was instrumental in Hot Springs’ …

Fordyce, Samuel Wesley

Samuel Wesley Fordyce was a businessman who spearheaded efforts to build thousands of miles of railway in the South and Southwest during the late nineteenth century, including the Cotton Belt route that crossed Arkansas. He also was a major force behind the transformation of Hot Springs (Garland County) from a small village to major health resort. The town of Fordyce (Dallas County) is named for him, as is the Fordyce Bath House in Hot Springs. Samuel Fordyce was born on February 7, 1840, in Senecaville, Ohio, the son of John Fordyce and Mary Ann Houseman Fordyce. As a boy, he never liked school, but he attended Madison College in Uniontown, Pennsylvania, and North Illinois University in Henry, Illinois, before becoming …

Foster, William Franklin (Bill)

William Franklin (Bill) Foster was a longtime and influential member of the Arkansas House of Representatives. Serving in the state legislature for over three decades beginning in the early 1960s, he was particularly well known for his work on behalf of senior citizens. Bill Foster was born on August 2, 1916, in Lonoke County. He was the oldest of three children born to Joseph R. Foster and Josephine Margaret Crutchfield Foster. Foster grew up in Lonoke County, graduating from Lonoke High School in 1934. In the midst of the Great Depression, he worked for the Arkansas Department of Transportation as a statistician for eight years. In 1943, with World War II raging, he joined the U.S. Army Air Force. Discharged in …

Franke’s Cafeteria

Franke’s Cafeteria was established by C. A. Franke in Little Rock (Pulaski County) in 1924. It is widely recognized as a culinary institution in the city and is one of the oldest restaurants in Arkansas. After leaving the military, C. A. Franke opened a doughnut shop in 1919 on West Capitol Avenue and then a bakery at 111 West 3rd Street in 1922. After determining that bakeries would soon spread and start competing with his own, he sold the bakery to Safeway and switched to the cafeteria business. He opened the first Franke’s Cafeteria in 1924 at 115 West Capitol. Since the 1920s, the cafeteria has seen four generations of Franke family members take the helm of the business. C. …

Frauenthal, Max

Max Frauenthal, a German immigrant noted for bravery in the Civil War, established an important mercantile business in Conway (Faulkner County). He was later known as the “Father of Heber Springs and Cleburne County.” Max Frauenthal was born on November 11, 1836, in Marienthal, Bavaria, Germany. No definite records of his parents’ or any siblings’ names are available. According to family history, his grandfather was called simply Meyer until the early nineteenth century, when the enactment of the Napoleonic Code required European Jews to take surnames; Meyer took Frauenthal, the name of a town south of Vienna, Austria. Max Frauenthal was fifteen when he came to the United States, eventually settling in Brookhaven, Mississippi. At Summit, Mississippi, he enlisted in …

Frazier, George Thomas

George Frazier was a well-known business, civic, and political leader in Hope (Hempstead County) for six and a half decades. He served as a close friend and advisor to prominent Arkansas Democrats, most notably two Hope natives: Bill Clinton and Mack McLarty. Frazier was also a key figure in the effort to preserve Clinton’s boyhood home in Hope as a National Historic Site. George Thomas Frazier was born on October 29, 1918, in Anderson, Kentucky, to Leonard Leigh, a machinist, and Faye Thomas, a secretary. Leigh left his family when George was two, and his mother married John Joseph Frazier, a construction worker from St. Louis, Missouri, in 1923. John Frazier adopted George, and the family lived in St. Louis …

Fulbright Industries

Fulbright Industries was a furniture manufacturing business in Fayetteville (Washington County) owned and operated by the local Fulbright family. In the early 1950s, Fulbright Industries produced distinctive modern furniture designed by a native of Fayetteville, the internationally renowned architect Edward Durell Stone. Fulbright Industries was an outgrowth of Phipps Lumber Company, also in Fayetteville and owned by the Fulbright family since 1920. U.S. senator J. William Fulbright, scion of the Fulbright family, served as Phipps’s president. Phipps manufactured farm implements, including wooden plow handles and other tool components. In 1941, the Fulbrights purchased Springfield Wagon Company and subsequently moved the operation to Fayetteville, broadening the family’s manufacturing capabilities. As demand for wagons plummeted following World War II, production dwindled at …

Fulbright, Roberta Waugh

Roberta Waugh Fulbright took charge of the inherited, fragmented business holdings originally assembled by her husband and molded them into a multi-enterprise family firm. She emerged as an influential newspaper publisher, columnist, bank president, successful business owner, and civic crusader in Fayetteville (Washington County). Roberta Waugh was born on February 14, 1874, in Rothville, Missouri, to James Waugh, a farmer, and Pattie Stratton, a homemaker. She had three brothers and a sister who died in infancy in 1881. Waugh grew up in north central Missouri, attended the lower grades of public school in Rothville, graduated from high school in Kansas City, and attended the University of Missouri for two years to qualify for a teacher’s certificate. She taught in Chariton …

Fulkerson, Floyd Hurt, Jr.

Floyd Hurt Fulkerson Jr. is a highly honored veteran who served with the U.S. Army Air Forces in World War II. The grandson of an Arkansas Civil War commander, he became a businessman and real estate developer in central Arkansas. Floyd Hurt Fulkerson was born on April 6, 1921, in Little Rock (Pulaski County), one of three children of Floyd and Georgia Fulkerson. Fulkerson’s maternal grandfather was Colonel George F. Baucum, commanding officer of the Confederate Eighth Arkansas Regiment during the Civil War. His elder brother, George Baucum Fulkerson, was a Rhodes Scholar from Sewanee University who served as a member of the Nuremberg Military Tribunal and prosecuted Nazi officers for war crimes. Fulkerson attended Little Rock High School, Sewanee …