Business and Economics

Subcategories:
Clear

Entry Category: Business and Economics - Starting with O

Oark General Store

The Oark General Store is located in the Ozark Mountains off State Highway 215 about twenty-one miles north of Clarksville (Johnson County). Many believe it to be the oldest continuously operating store in Arkansas. It was added to the Arkansas Register of Historic Places on March 3, 1995. Oark is an unincorporated community surrounded by the Ozark National Forest. The area was inhabited by Native Americans for thousands of years before white settlers came into the area by the mid-1800s. These settlers were attracted to the abundant natural resources and the many fur-bearing animals. Today, people are attracted to the area’s scenic beauty, hiking trails, the nearby Mulberry River, and the well-known historic general store and café. F. M. Nelson …

Oil Industry

The oil industry in Arkansas, which includes exploration and the production, refinement, and distribution of petroleum-based products, exploded onto the state’s economic scene in the early 1920s, and once-local production expanded into an international business. From 1920 to 2003, more than 1.8 billion barrels of oil were produced in Arkansas. Ten counties in Arkansas produce oil, all in the southern region of the state: Ashley, Bradley, Calhoun, Columbia, Hempstead, Lafayette, Miller, Nevada, Ouachita, and Union. Historically, most of this production has been in Union, Lafayette, Columbia, and Ouachita counties. These four counties have been responsible for more than eighty-five percent of the oil produced in the state. Evidence of oil in the state existed well before the oil boom of …

Old Bank of Amity

The Old Bank of Amity is a two-story brick structure located on the northwest corner of the square in Amity (Clark County). Constructed between 1906 and 1907, the building was added to the National Register of Historic Places on June 5, 1991. Amity was first settled in 1847 and grew over the next several decades due to the rich reserves of timber in the area. By the early 1900s, the Gurdon and Fort Smith Railroad reached the community, opening up new shipping options for the lumber mills that operated in the area. The Bank of Amity was founded in 1905 by William Curtis Hays. The first mention of the bank building appeared in 1906 when a Gurdon craftsman visited the …

Old South Restaurant

The Old South Restaurant, located at 1330 East Main Street in Russellville (Pope County), was built in 1947 from a modular diner system and reflects the Art Moderne style of architecture. It was listed on the National Register of Historic Places on September 3, 1999. The building was destroyed by fire early in the morning of June 6, 2023. William Stell—a native of Hugo, Oklahoma—moved to Fort Smith (Sebastian County) in 1929 and founded the National Glass and Manufacturing Company, a firm that produced metalwork, fixtures, and furniture for department stores and restaurants. In the 1940s, Stell and company architect Glenn Pendergrass developed a modular diner system that the firm could mass produce. The prototype was constructed in Fort Smith …

Opal’s Steak House

Opal’s Steak House is a single-story building designed in the Art Moderne style. Constructed as a restaurant circa 1948 on Park Avenue in Hot Springs (Garland County), it has held various businesses over the decades. It was added to the National Register of Historic Places on February 11, 2004. The brick and stucco building faces Park Avenue to the south and is turned at an angle to the street. The building is fronted with a door to the left and a window that covers the center and right side of the front wall. Constructed from brick, the front of the building includes two projecting brick bands above the door and window. Both corners of the front façade are curved. Another …

Ottenheimer, Gus

Gus Ottenheimer, an industrialist, became known nationally through his successful efforts in manufacturing women’s garments. He was a land developer as well, and he spent much of the last one-third of his life promoting higher education in central Arkansas. Ottenheimer was born in Little Rock (Pulaski County) on July 18, 1897, to Daniel Ottenheimer and Hannah Berger. He was the youngest of four children. The Ottenheimers were a Jewish pioneer family, some of whom came to the state in the 1850s. Ottenheimer’s father died in 1908. The eldest son, Leonard, became the family breadwinner at age sixteen and forfeited his education to his younger brother. Ottenheimer graduated in 1918 from Washington & Lee University School of Law in Lexington, Virginia, …

Ozan Lumber Company

The Ozan Lumber Company operated a number of mills across southwestern Arkansas from the late nineteenth century to its sale to the Potlatch Corporation in 1964. Two distinct companies owned by members of the Bemis family operated under the Ozan name. James H. Bemis and Benjamin Whitaker opened a sawmill in Prescott (Nevada County) in April 1891. In July, the owners incorporated the business as the Ozan Lumber Company. The name was apparently taken from the nearby town of Ozan (Hempstead County). Whitaker remained a part of the business for only a short period before selling out and embarking on other ventures. The lumber business proved to be successful, shipping timber on the company-owned Prescott and Northwestern Railroad. The company …

Ozarka Water Company

The city of Eureka Springs (Carroll County) was founded in 1879 partly in response to stories of the curative powers of the water at Basin Spring. John S. Tibbs was the earliest shipper of spring water from Eureka Springs. He was known as “Eureka Basin Water Shipper,” and his business was across from Basin Spring. He is presumed to have sold his business to William Duncan, and it was Duncan who named it the Eureka Springs Water Company and then marketed it as “Ozarka” in 1905. Richard Ryan Thompson bought it in 1924 from a receiver and ran it until 1966, when he sold it to Arrowhead Puritas Water, Inc. In the twenty-first century, the Ozarka brand resides in Texas …