Business and Economics

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Entry Category: Business and Economics - Starting with W

Walker, William “Sonny”

William “Sonny” Walker was an educator and civil rights activist who went on to serve in positions in local, state, and federal government, becoming the first person of color to serve in the cabinet of a southern governor. Sonny Walker was born on December 13, 1933, in Pine Bluff (Jefferson County). His parents were the Reverend James David Walker and Mary Coleman Walker; they later divorced, and his father married Nettie Harris. Early influences in his life included the Boy Scouts of America, gospel choir, drama and speech organizations, and community education through social and sports activities at Merrill High School; Arkansas Agricultural, Mechanical, and Normal College (now the University of Arkansas at Pine Bluff); and Kappa Alpha Psi Fraternity. …

Walls, Clement Sampson, Jr.

Clement Sampson Walls Jr. is an Arkansas businessman, entrepreneur, and financier who was the longtime chief executive officer (CEO) of Arkansas Capital Corporation (ACC) and led the nonprofit business finance firm through its greatest period of expansion since its founding in 1957. Clement Sampson Walls Jr. was born in Little Rock (Pulaski County) on July 8, 1947, to Clement Sampson Walls Sr. and Eva Jane Watson Walls. His father worked as a truck driver, and his mother was a licensed practical nurse (LPN). His maternal grandfather was John Reaves “Mule” Watson, a pitcher in the major leagues from 1918 to 1924 who played for the Boston Braves, the Philadelphia Athletics, the Pittsburgh Pirates, and the New York Giants. Walls’s parents …

Walmart Inc.

aka: Wal-Mart Stores, Inc.
Founded in 1962 by Sam Walton, Walmart Inc., the world’s most profitable retail outlet for many years, also became the largest employer in the United States, with more than one million employees (called “associates”) and thousands of stores worldwide. For most of its history, it has been closely identified with its founder, whose homespun image often belied the aggressive, innovative business model he developed. Born near Kingfisher, Oklahoma, on March 29, 1918, Walton grew up during the Depression, working on his family’s farm and at a number of other jobs. After graduating from the University of Missouri at Columbia, he took a job in Des Moines, Iowa, as a management trainee for clothing retailer J. C. Penney, earning seventy-five dollars …

Walton, Alice Louise

Alice Louise Walton is the heir to the Walton family fortune; in April 2019, she was estimated by Forbes magazine to have a net worth of almost $46 billion, making her one of the richest women in the world. She is also well known as a philanthropist, having established the Crystal Bridges Museum of American Art in Bentonville (Benton County), as well as the Alice L. Walton Foundation, Art Bridges Foundation, Heartland Whole Health Institute, and Alice L. Walton School of Medicine. Alice Louise Walton was born on October 7, 1949, in Newport (Jackson County), the youngest of four children and the only daughter of Sam and Helen Walton. Sam Walton opened Walton’s Five and Dime Store in Bentonville and …

Walton, Helen Robson

Helen Robson Walton was a noted philanthropist. Her husband, Walmart Inc. founder Sam Walton, called her one of his best advisors. When ranked as one of the world’s wealthiest women and asked for a description of her work, she defined herself simply as “volunteer to community, state and nation.” Along with making large charitable donations in areas such as the arts, education, and organizations for families and children, she was the first woman to be named chairwoman of the Presbyterian Church (USA) Foundation. Helen Alice Robson was born on December 3, 1919, in Claremore, Oklahoma. She was the daughter of homemaker Hazel Carr Robson and banker/rancher Leland Stanford (L. S.) Robson. She had three brothers and a sister. The family …

Walton, Sam

aka: Sam Walton
Samuel Moore Walton was founder and chairman of Walmart Inc., the world’s largest retailer. At one time, he was the richest man in the United States. Sam Walton was born on March 29, 1918, in Kingfisher, Oklahoma, the first of two children to Thomas Gibson Walton, a banker, farmer, farm loan appraiser, and real estate and insurance agent, and Nancy Lee Lawrence Walton. Walton showed signs of an entrepreneurial gift early on, selling magazine subscriptions, starting at about age seven or eight. He worked his way through college with newspaper routes. After adding routes and hiring helpers, he was earning $4,000 to $5,000 a year. He attended the University of Missouri at Columbia, earning a business degree in 1940. His …

Webb, John Lee

John Lee Webb was a well-known African-American contractor and philanthropist in Hot Springs (Garland County). John L. Webb was born in Tuskegee, Alabama, on September 17, 1877, to the Reverend B. L. Webb, who was a Baptist minister, and his wife, Henrietta Webb. The couple had ten other children. John Webb’s family was not wealthy, so he had to provide for many of his own wants. Webb began studying at the Tuskegee Institute in Alabama in 1897 at nineteen years old and was spoken of highly by the wife of Booker T. Washington, founder of the institute. He volunteered for the Spanish-American War, serving from April 25 to August 12, 1898. After the war, he returned to Tuskegee and finished …

Webb, Kathy Lynette

Kathy Webb—the first openly gay member of the Arkansas General Assembly—has had a long career in private business (most notably as co-owner of Lilly’s Dim Sum Then Some restaurant), philanthropy, and local and state government. She has also been a leader in the women’s rights movement. Webb, who battled breast cancer, served as the founding president of the Chicago-area Susan G. Komen Cancer Foundation. Kathy Lynette Webb was born in Blytheville (Mississippi County) on October 21, 1949. The youngest of three children—with a brother twelve years older and a sister nine years older—of Maurice Webb and Atha Webb, she graduated from Hall High School in Little Rock (Pulaski County) before going on to Randolph-Macon Woman’s College (now Randolph College) in …

WEHCO Media, Inc.

WEHCO Media, Inc., of Little Rock (Pulaski County) is a privately owned communications company with interests in newspaper publishing, cable television, and digital services. Established in 1909, it operates daily and weekly newspapers, magazines, and cable television companies in six states. WEHCO (pronounced WAY-CO) is an acronym for Walter E. Hussman Company. The company chairman is Walter E. Hussman Jr., who also serves as publisher of the Arkansas Democrat-Gazette, the company’s largest newspaper. Hussman is the grandson of Clyde E. Palmer, whose media holdings formed the basis of WEHCO, and the son of newspaper publisher Walter Hussman Sr. The company has almost 2,000 employees. In a history of his family for the Southern Newspaper Publishers Association, Hussman wrote: “In 1909, …

Weldon Gin Company Historic District

The Weldon Gin Company Historic District is listed on the National Register of Historic Places for its association with the farming economy of the town of Weldon (Jackson County), as well as for being the only example of cotton gin architecture and technology in Weldon. By the late antebellum period, Alvin McDonald was farming more than 900 acres just south of the current town of Weldon. Survey maps and federal land records of the period show that McDonald paid $1.25 an acre for just over 930 acres. As was the case with many of his peers in Jackson County, McDonald’s farm income was supplemented rather than supported by cotton. Smaller farmers who could not afford to build their own gin depended …

Wheat and Small Grain Industry

Wheat and other small grain crops have been important to Arkansas since the first European settlers arrived. At first, these crops were mainly used on the farms where they were grown for both human and livestock consumption. Today, these grains are a multi-million-dollar industry in the state and are sold worldwide. Cereal grain crops are grass species that are grown primarily for their edible seeds or grain. This group includes the world’s six most widely grown crops: wheat, rice, corn, sorghum, millet, and barley. Cereal grain crops with a small plant structure are generally categorized as small grain cereals. Wheat, barley, oats, and rye are considered small grains. Although rice fits the definition, it is often considered separately because of …

Wheelbarrow Strike of 1915

The Wheelbarrow Strike of 1915 was a union-management conflict centered upon Wheelbarrow Mine in Johnson County’s Spadra coal fields. Lawsuits subsequent to the strike remained in the court system until 1928 and resulted in the United Mine Workers (UMW) being found guilty of violating the Sherman Antitrust Act. Many of the miners in Johnson County were members of local unions formed by the regional District 21 of the UMW, and the Wheelbarrow Mine operated under union agreements. Complications with a small strike in 1910 prevented a new union contract from being created, and the Wheelbarrow mine came under the control of the Pennsylvania Mining Company (PMC), which had been founded by the Pennsylvania businessman James Gearhart earlier that year. Because of …

Wheeler, Lloyd Garrison

Lloyd Garrison Wheeler was a prominent and trailblazing African-American lawyer, political figure, and businessman in Illinois and Arkansas. Lloyd G. Wheeler was born in Mansfield, Ohio, on May 29, 1848. His father was active in the Underground Railroad, but when Ohio passed a law making the harboring of slaves illegal, the family relocated to Chatham, Canada, where Wheeler received his early education. When his mother died, he returned to the United States, settling in Chicago, Illinois. There, he worked at a variety of jobs, including on the railroad and as a shoe black. Throughout this period, his greatest ambition was a career in law. He became the first black mail carrier in Chicago while studying law in the office of …

White Bluff Generating Plant

The White Bluff Generating Plant is a coal-fired electrical energy generating plant located near Redfield (Jefferson County) and operated by Entergy Arkansas. It was the first coal-fired plant constructed in Arkansas and one of four in operation. Until the early 1970s, electricity, gasoline, and natural gas had been cheap and apparently in plentiful supply in the United States, but the first Arab oil embargo quickly drove energy prices up sharply, causing immediate gas and oil shortages. Energy suppliers, including electric utilities, had already begun to plan for the use of alternative fuel sources. For example, Arkansas Power and Light (AP&L—now Entergy Arkansas) had begun construction of two large nuclear fuel generators near Russellville (Pope County). At this point, however, there …

White County Record

The White County Record was one of the longest-running newspapers in White County. Published in Judsonia (White County), it operated for almost one hundred years. Surprisingly for a paper with such a long history, it had few ownership changes. When the paper closed in 2014, it had a long record of solid news reporting. Ralph C. Mann Sr. purchased the Judsonia Weekly Advance newspaper in 1915 and ran it as a Democratic paper until 1920. After purchasing the paper, Mann installed new printing machinery, including a cylinder press and linotype machine, and was able to increase his subscribers by the hundreds. In 1921, Mann changed the Weekly Advance to an independent affiliation and, in 1922, began publishing on Thursdays instead …

White Water Tavern

The White Water Tavern is a two-story bar and music venue located at 2500 West 7th Street in the Capitol View/Stifft Station area of Little Rock (Pulaski County). White Water, as it is usually called, has become one of the most beloved and respected music venues in Arkansas. Run in the spirit of classic southern juke joints and honky-tonks, it has hosted many of the best musicians working today, especially those in the country and alt-country or outlaw genre. Over the years, White Water expanded its roster to include hip-hop and heavy metal acts. The history of White Water dates back to the late 1970s, when it replaced the Pitcher, a bar that had been at the site for decades. …

Wiederkehr Wine Cellars, Inc.

Wiederkehr Wine Cellars is the oldest operational winery in the state, having been continually in business from 1880 to present. During Prohibition, when wine was outlawed, Wiederkehr was allowed by the state to produce sacramental wine for use in religious services. This winery was founded in the late nineteenth century by Johann Adreas Wiederkehr, an immigrant from Switzerland who settled in Altus (Franklin County), which he found similar to his own homeland and ideal for growing grapes; it is now one of the largest wineries in the region and is well regarded throughout the nation for the quality of its wines. One of the first things that Johann Wiederkehr did after he arrived in Altus was to start construction on …

Wilson, Charles Kemmons

Charles Kemmons Wilson was a businessman who founded the Holiday Inn hotel chain. Called the “Father of the Modern Hotel,” he revolutionized the travel industry by providing affordable, comfortable, dependable lodging. Kemmons Wilson was born on January 5, 1913, in Osceola (Mississippi County) to Kemmons Wilson, who sold insurance, and Ruby “Doll” Wilson, a homemaker. He was their only child. His father died when Wilson was nine months old, and his mother took the baby to her hometown of Memphis, Tennessee, where she found work as a dental assistant. Wilson’s business career began when he was six and sold subscriptions to the Saturday Evening Post. When he was fourteen, he was hit by a car while making deliveries on his …

Wilson, Robert Edward Lee

Robert Edward Lee Wilson created a plantation empire out of the swamps of Mississippi County in the late nineteenth century, an empire that remains in place today. He was able to fashion his 65,000-acre plantation and lumbering operation by purchasing cut-over land considered worthless by less imaginative men and then draining and developing the swamps. His substantial holdings and creative financing allowed him to weather the economic catastrophe of the 1920s relatively unscathed. By the time the New Deal was implemented in 1933, Lee Wilson & Company was characterized as operating the largest cotton plantation in the South, and its founder enjoyed the kind of political and economic connections that made it possible for him to take best advantage of …

Winder, Ray

Ray Winder was a minor league baseball executive. After learning the ins and outs of the minor league baseball business through a decade of short-term stints with teams in the Southeast, Winder joined the Little Rock Travelers (now the Arkansas Travelers) for good in 1931. By the mid-1940s, he had become one of the team’s owners and was the driving force behind the team for the next twenty years. Ray Winder was born in Indian Springs, Indiana, on February 5, 1885. He moved to Little Rock (Pulaski County) with his family in 1905 to run a livery stable. While the stable was the last in the city to close, it was still a dying business, and Winder was forced to …

Wineries

Winemaking in Arkansas began when European Catholics, primarily German-Swiss but also Italian, immigrated to the state, attracted by the range of opportunities the then-frontier had in store. Chances are that wine was made at the Hinderliter Grog Shop in Little Rock (Pulaski County), built around 1827 by Jesse Hinderliter, a man of German descent, and currently the oldest standing building in the city. In addition, there are accounts of a winery run by one J. Ressor about six miles south of Batesville (Independence County) in the 1830s and records of German immigrants in the small town of Hermannsburg (Washington County) making wine as early as 1845. However, the wine industry of Arkansas really took root in the 1870s. At that …

Winrock Farms

As the brainchild of Winthrop Rockefeller, who was governor of Arkansas from 1967 to 1971, Winrock Farms holds a unique place in the history and culture of Arkansas, serving as a model facility to demonstrate agricultural practices as well as becoming a tourist destination. Since its founding in 1953, Winrock Farms, located on Petit Jean Mountain near Morrilton (Conway County), has been known for producing purebred Santa Gertrudis and Red Angus cattle. In addition, Winrock Grass Farm was created in 1955 to introduce a new type of turfgrass that was said to be ideal for cultivation in the Mid-America region.   Born in New York City to the wealthy Rockefeller family, Winthrop Rockefeller was the fifth of six children. He was …