Business and Economics

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Entry Category: Business and Economics - Starting with M

M. M. Cohn

The M. M. Cohn Company was a regional department store chain based in Little Rock (Pulaski County) with stores in Arkansas and adjacent states. It was family owned and operated from its opening in 1874 until 1989, when the company was sold to a regional chain based in Texas. All M. M. Cohn stores closed in 2007, however, as a result of the liquidation of the new owner. The titular M. M. Cohn was originally named Kaminski or Kuhn and was born in Krakow, Poland, around 1845. He later changed his name to Mark Mathias Cohn. Cohn had lived in Cincinnati, Ohio, before moving to Arkansas and opening a store in 1874 in Arkadelphia (Clark County). He relocated to Little …

Majestic Hotel

The Majestic Hotel in Hot Springs (Garland County) was known as one of the most famous hotels in the South. For more than a century, the five-acre complex anchored the intersection of the main thoroughfares, Park and Central avenues, at the north end of Bathhouse Row in historic downtown Hot Springs. After numerous sales and a disastrous fire in February 2014, the fate of the Majestic property was uncertain. In 2016, it was decided that it would be demolished. Originally named the Avenue Hotel, the Majestic was built in 1882 on the site of the old Hiram Whittington House. The Avenue Hotel was notable for its amenities such as streetcar service to transport guests to and from the bath houses …

Manganese Mining

The mining of manganese ore was a very important economic activity in Arkansas between 1849 and 1959. The region around Batesville (Independence County)—including about 100 square miles located in northwestern Independence County, southeastern Izard County, and northeastern Stone County—has produced more than ninety-eight percent of the manganese ore shipped from Arkansas. A second area including portions of Polk and Montgomery counties also contains manganese ores. The first commercial exploitation of manganese was by Colonel Matthew Martin. Between 1848 and 1850, Martin purchased large tracts of land containing the ore, and, between 1850 and 1852, he shipped small quantities of manganese from Penter’s Bluff (Izard County) on the White River to Boston, New York, Philadelphia, and even Liverpool, England, where it …

Manning, Henry Grady

Henry Grady Manning was a leader in Arkansas’s hotel industry. The company he founded, Southwest Hotels Inc., continued his work after his death. Several incarnations of Manning’s legacy hotels still exist in the twenty-first century. Manning’s properties included the Albert Pike Hotel, Grady Manning Hotel, and Lafayette Hotel, all in Little Rock (Pulaski County), as well as the Arlington Hotel, Majestic Hotel, and Hot Springs Country Club, all in Hot Springs (Garland County). Manning made many charitable and civic contributions to Arkansas and was a member of the Little Rock Chamber of Commerce and the Arkansas State Chamber of Commerce. Grady Manning was born on March 14, 1892, in rural Scott County. His parents were Dr. Henry Manning and Virginia …

Marion Hotel

aka: Hotel Marion
The Marion Hotel (also known as the Hotel Marion) in downtown Little Rock (Pulaski County) was one of the most famous businesses in Arkansas for much of the twentieth century. Construction began on the hotel in 1905. The Marion was the tallest structure in the state from when it opened in 1907 until 1911. The hotel closed in early 1980 and was demolished to make way for the Excelsior Hotel (which later became the Peabody and then the Marriott) and the Statehouse Convention Center. The Marion Hotel was built by Herman Kahn, who moved to Little Rock from Frankfurt, Germany, in 1870. (Kahn’s great-grandson, Jimmy Moses, has been the driving force behind many of the developments in downtown Little Rock …

Markle, John Lawrence

John Lawrence Markle was the perpetrator of a headline-grabbing crime in Little Rock (Pulaski County) in November 1987. The son of Academy Award–winning actress Mercedes McCambridge, Markle murdered his wife and two daughters before taking his own life on November 16, 1987. John Markle was born on December 25, 1941, in Hollywood, California, to Mercedes McCambridge and William Fifield. McCambridge was a radio actress who eventually moved into films, and Fifield was a writer. They divorced in 1946, and when McCambridge remarried in 1950, her second husband, film and television director Fletcher Markle, adopted the boy. John Markle was eight when his mother, who would become known to a later generation through her role as the voice of the demon …

Massey, Mary Elizabeth Smith

Mary Elizabeth Smith Massey—businesswoman, public official, and civic and political leader—was a woman with an average, middle-class, mountain background, meaning her family neither depended upon subsistence farming, sharecropping, or seasonal labor in the Arkansas River bottoms, nor did they have a big store in the county seat or hundreds of acres let to sharecroppers. She became an early Arkansas female success story in the period from 1920 to 1930, when Arkansas women were just beginning to assume prominence in state and national life. In the 1950s, she reaped the results of her early endeavors by serving as Worthy Grand Matron of the Arkansas Order of the Eastern Star and by being admitted to practice law before the U.S. Supreme Court. …

Matthews, Justin, Sr.

Justin Matthews Sr. was a prominent Arkansas businessman, real estate developer, and community leader best known for his role in the development of the North Little Rock (Pulaski County) and Sherwood (Pulaski County) areas. Justin Matthews was born on a farm near Monticello (Drew County) to Samuel James Matthews and Anna Wilson Matthews on December 23, 1875. The Matthewses were a very wealthy family in Drew County, as Samuel Matthews owned a law firm, a large nursery, and a fruit business. Samuel Matthews also served as Drew County judge and encouraged his son to study law, but Justin Matthews decided to pursue a career as a pharmacist. Matthews married Mary Agnes Somers in 1901; they had three children. Around that …

McAllister, James Thomas (Tom)

James Thomas (Tom) McAllister Sr., a longtime resident of Gurdon (Clark County), was an early twentieth-century southern Arkansas lumberman. In addition to selling lumber, he was a Knight Templar, a 33rd Degree Mason, a Shriner, a member of the Gurdon Chamber of Commerce, president of two Rotary Clubs, and the 1951 winner of the District Scouter Award from the Boy Scouts of America. Tom McAllister was born on May 28, 1899, near Diehlstadt, Missouri, to Alexander Jackson McAllister and Addie Caroline Reynolds McAllister. His mother died shortly after his birth, so he was raised by his grandparents, who were tenant farmers in southeastern Missouri. McAllister attended school through the tenth grade. His first job was working in Arkansas for the …

McCain Mall

McCain Mall is a large, enclosed shopping center located at 3929 McCain Boulevard in North Little Rock (Pulaski County). Spanning 796,000 square feet on more than fifty-six acres, it offers about ninety stores, services, entertainment venues, and dining establishments, being anchored by major retainers Dillard’s and JCPenney. It is owned and operated by the Simon Property Group of Indianapolis, the largest owner of shopping malls in the United States. McCain Mall is located near Interstate 40 on Highway 67/167. Although it attracts visitors from around the state, it primarily serves the Little Rock (Pulaski County) and North Little Rock metropolitan areas, as well as the nearby central Arkansas communities of Cabot (Lonoke County), Conway (Faulkner County), Jacksonville (Pulaski County), Maumelle …

McClard’s Bar-B-Q

McClard’s Bar-B-Q is a restaurant located at 505 Albert Pike in Hot Springs (Garland County) which achieved national recognition not only for its food but also for the prominent political figures who visit the restaurant and extol its virtues, including former president Bill Clinton. Alex and Gladys McClard owned the Westside Tourist Court in Hot Springs in the 1920s, which was located west of the current restaurant’s location on Albert Pike. According to the official history of the restaurant, a destitute traveler could not pay the $10 he owed for his two-month stay at the tourist court. The traveler asked the McClards to accept a recipe for what he called “the world’s greatest bar-b-que sauce” in lieu of payment for …

McCoy, Kerrin Lou Krouse (Kerry)

Kerry McCoy is an Arkansas entrepreneur who founded Arkansas Flag and Banner, Inc. (now FlagandBanner.com) in Little Rock (Pulaski County) in 1975. McCoy is publisher of Brave Magazine and host of the radio show Up in Your Business, and she also drew wide acclaim for overseeing the restoration of the historic Dreamland Ballroom. Kerrin Lou Krouse was born on September 27, 1954, in Little Rock to Edwin Ormond Krouse and Sara Lee Rhea Krouse. Her parents met during World War II while her father was serving in the military and had married in Walla Walla, Washington. After the war, the couple moved to Little Rock and had three children. There, Ed Krouse dabbled in many small businesses. The family moved …

McDonald-Wait-Newton House

aka: Packet House
aka: 1836 Club
The McDonald-Wait-Newton House, also commonly referred to as the Packet House, is located in Little Rock (Pulaski County). The nineteenth-century house is a good example of the Second Empire architectural style and was listed on the National Register of Historic Places due primarily to its architectural significance. When the Packet House was constructed, its address was 1406 Lincoln Avenue; the road name was later changed to Cantrell. The people who built in the area had some association to the North; either they supported the North during the Civil War, or they moved south during Reconstruction, leading to the nickname of “Carpetbagger’s Row” for the homes along the road. According to the National Register of Historic Places nomination form, “The Packet …

McDonnell, James Smith, Jr.

James Smith McDonnell Jr. was one of the most significant aerospace industrialists of the twentieth century, building McDonnell-Douglas into the second largest military and commercial aviation corporation in the United States. James McDonnell was born on April 9, 1899, in Denver, Colorado, to James Smith McDonnell Sr. and Susie Belle McDonnell. The youngest of four McDonnell children, he was raised in central Arkansas. He spent his childhood in Altheimer (Jefferson County), where his parents had one of their two mercantile stores, and he graduated from Little Rock High School in 1917. Although McDonnell initially leaned toward a career in politics, his father encouraged him to pursue a career more suited to his personality. Completing his BS in physics with honors …

McIntosh, Robert “Say”

Robert “Say” McIntosh was a restaurant owner, political activist, and community organizer distinctly tied to the Little Rock (Pulaski County) area and Arkansas politics. A political gadfly during the 1980s and 1990s, McIntosh was responsible for many political protests that were statewide news during the time. Say McIntosh was born in 1943 in Osceola (Mississippi County), the fifth of eleven children. In 1949, he and his family moved to the Granite Mountain area of Little Rock. McIntosh attended Horace Mann High School but dropped out in the tenth grade. He spent much of his early life learning the restaurant business, which led him to establish his own eatery, serving home-style cooking and his famous sweet potato pie. “The Sweet Potato …

McLarty, Thomas Franklin (Frank), II

Frank McLarty was an Arkansas business leader who was prominent in the automobile business from the 1950s through the 1970s, expanding on the operation that his father, Thomas F. “Mr. Tom” McLarty, had been associated with in Hope (Hempstead County) since 1921. Along with acquiring other Ford Motor Company dealerships in southwest Arkansas, McLarty formed what would become the largest truck leasing system in Ford’s national dealer network. Thomas Franklin (Frank) McLarty II was born on November 2, 1919, in Hope as the only child of Thomas McLarty and Kathleen Briant McLarty. He graduated from Hope High School in 1938. He married Helen Hesterly of Hope on March 14, 1943, and they had two sons, Thomas Franklin III (Mack) and …

McRae, Thomas Chipman, IV

Thomas C. McRae IV was the great-grandson of U.S. congressman and twenty-sixth Arkansas governor Thomas Chipman McRae. He descends from a family that has lived in Arkansas since about 1839. McRae became well known for his involvement in philanthropic ventures, business development, environmental issues, and politics. Thomas Chipman McRae IV was born in El Dorado (Union County) on June 11, 1938, to Carleton McRae, who was a chemical analyst, and homemaker Mary Joe Rogers McRae. He had a younger brother and sister. McRae was educated in the El Dorado school system and graduated from El Dorado High School in 1956. He then attended the University Arkansas (UA) in Fayetteville (Washington County), where he earned a BA in history in 1960, …

Mechanics’ Institute of Little Rock

In September 1858, a group of white workingmen in Little Rock (Pulaski County) formed one of the state’s first labor organizations, the Mechanics’ Institute, which sought to protect white workingmen from un-free or “degraded” competitors—free Negroes, slaves, and inmates at the state penitentiary—who were forcing down wages. The Mechanics’ Institute sought a political solution to the workingmen’s competitive troubles, calling on the Arkansas General Assembly to “stop permitting free negroes to reside among us,” limit the work of slaves to agricultural and domestic pursuits, and convert “the employment of convicts in our State prison more exclusively to the manufacture of such goods and articles as are not manufactured here.” In demanding these reforms, the Mechanics’ Institute enunciated a version of …

Memphis and Little Rock Railroad (M&LR)

The Memphis and Little Rock Railroad (M&LR) was the first railroad to operate in the state of Arkansas. The M&LR was a 133-mile-long railroad line that ran from Hopefield (Crittenden County), just opposite Memphis, Tennessee, to Little Rock (Pulaski County). A five-and-one-half-foot-gauge railroad, it was constructed between 1854 and 1871. At the beginning of the Civil War, only the eastern portion of the railroad between Hopefield and Madison (St. Francis County) was in operation. Construction on the eastern and western thirds of the railroad was complete in 1862, but the Civil War interrupted construction of the middle division of the railroad. During this period, the M&LR played a vital role for both Confederate and Union forces and was under Union …