Business and Economics

Subcategories:
Clear

Entry Category: Business and Economics

Fort Smith Telephone Operators Strike of 1917

On September 19, 1917, women who were employed as telephone operators by the Southwestern Bell Telephone Co. in Fort Smith (Sebastian County) left their stations, walked out of the exchange, and began striking. This strike was a response to the company’s dismissal of two employees, Nora Boger and Mamie Garret, due to their involvement with the creation of a labor union for the operators. When the company denied the reinstatement of these women, the strike began. Over the next four months, the company would wage court battles against the strikers instead of listening to their demands, and conciliators from the Department of Labor would be called in to help solve the conflict. While the strike itself was tumultuous and disrupted …

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 was widely recognized as a culinary institution in the city and was one of the oldest restaurants in Arkansas before its closure in 2020. 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. Starting in the 1920s, the cafeteria saw four generations of Franke family members take the …

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 …

Garvan, Verna Cook

Verna Mary Cook Garvan was one of the first women in Arkansas to own a construction/manufacturing business and was the benefactor of what is now Garvan Woodland Gardens in Hot Springs (Garland County). Verna Cook was born on January 22, 1911, in Groveton, Texas, to Arthur Bacillius Cook and Essie Louise Bordis Cook. Verna Cook and her sister, Dorothy, were raised to be “proper ladies,” but Verna often accompanied her father to work and absorbed his business acumen. In 1916, her father moved the family to Malvern (Hot Spring County) to manage the Wisconsin and Arkansas Lumber Company, an enterprise producing oak and pine flooring. Malvern Brick and Tile was also purchased by Verna’s father, who later served as a …

Gaston, James Albert (Jim)

Jim Gaston was a renowned Arkansas businessman, sportsman, and philanthropist whose legacy includes operating Gaston’s White River Resort, being an advocate for tourism and conservation in the state, and acting as a champion of education. His generosity contributed to significant growth at Arkansas State University–Mountain Home (ASUMH). James (Jim) Albert Gaston was born on December 18, 1941, to Albert (Al) Gaston and Iola Cosey Gaston in Herrin, Illinois. After moving to Arkansas, Al Gaston created Gaston’s White River Resort at Lakeview (Baxter County) in 1958. In 1961, at age twenty, Jim Gaston inherited the property, which at the time consisted of twenty acres, six small cottages, and six boats. Gaston expanded the operation significantly, until it covered 400 acres of land with …

George Klein Tourist Court Historic District

aka: Klein Center
aka: Racheau Center
aka: Green Elf Court
The George Klein Tourist Court Historic District at 501 Morrison Avenue in Hot Springs (Garland County) is a well-preserved example of Craftsman-style roadside lodging. Built by 1939 as a tourist court and apartments consisting of seven bungalows around an octagonal two-story office building, it later became the Green Elf Court Apartments. The district was added to the National Register of Historic Places on June 8, 1993. Hot Springs was an established resort town before the Civil War because of the widespread belief that the hot springs had medicinal qualities. The first bathhouses predated the federal government reserving the land around the springs in 1832. Access to the area increased over time, first via a narrow-gauge railway from Malvern (Hot Spring …

German National Bank

From its opening in 1875 to its closing in 1930, the German National Bank (under a variety of names) was considered a financial pillar of Little Rock (Pulaski County) and central Arkansas. Saluted by the Arkansas Gazette as the “leading bank of the state” in 1876, it grew to become the largest bank in the state, largely through bank consolidations in the first quarter of the twentieth century. In early 1875, the German Savings Bank was organized by Charles Penzel. A prominent financier, Penzel came to the United States from Bohemia in 1857 and served as the bank’s first president. The business and fixtures of the bank were purchased from George Brodie and Sons, which had gone out of business …

Gibbs, Mifflin Wistar

Mifflin Wistar Gibbs was a Little Rock (Pulaski County) businessman, a politician, and the first elected African American municipal judge in the United States. Mifflin Gibbs was born on April 17, 1823, in Philadelphia, Pennsylvania, the eldest of four children born to Jonathan and Maria Gibbs. His father, a Methodist minister, died when Mifflin was a child, and his mother worked as a laundress. Gibbs learned carpentry through an apprenticeship. He read widely and attended debates at the Philadelphia Library Company of Colored Persons. He had a chance to practice his own oratory in the 1840s when Frederick Douglass invited him to help conduct an abolitionist lecture tour. Journeying to California soon after the gold rush of 1849, he became …

Gibson, Herbert Richard (H. R.)

Herbert Richard (H. R.) Gibson Sr. was the founder of Gibson Products Company, parent company of the once prominent discount retail store chain Gibson’s Discount Centers. At its peak in the mid-1970s, Gibson Products Company—founded in Little Rock (Pulaski County) in the 1930s—and its franchisees operated almost 700 stores located throughout much of the United States. H. R. Gibson was a modern discount retailing pioneer, entering the field in 1958, four years ahead of Kmart, Target, and Walmart Inc. As an early business rival of Sam Walton, Gibson influenced discounting and management practices that Walton later used to surpass Gibson and make Walmart Inc. the world’s largest retailer. H. R. Gibson was born near Berryville (Carroll County) on September 16, …

Giles, Albert

Albert Giles was one of twelve African-American men accused of murder following the Elaine Massacre of 1919. After brief trials, the so-called Elaine Twelve—six who became known as the Moore defendants and six (including Giles) who became known as the Ware defendants—were found guilty of murder and sentenced to death. Ultimately, the Ware defendants were freed by the Arkansas Supreme Court in 1923; after numerous legal efforts, the Moore defendants were released in 1925. Albert Giles was born in Louisiana on November 22, 1898, to Sallie T. Giles and an unidentified father. He moved to Phillips County, Arkansas, sometime in the early 1900s and was residing in Elaine (Phillips County) when he was drafted into the U.S. military on September …

Ginnaven, Robert Addison (Bob)

Robert Addison Ginnaven Jr. was a movie and television actor who was also a leading advertising executive in Little Rock (Pulaski County). As an actor, he is best known for roles in the movies Steel Magnolias (1989) and White Lightning (1973), as well as appearing several times on the hit television series Dallas between 1981 and 1987. Bob Ginnaven was born in Memphis, Tennessee, at one minute after midnight on January 1, 1937, and was officially named the first baby born in Memphis that year. He was the only child of Pauline Madison Boals Ginnaven, who was a medical secretary, and Robert Addison Ginnaven Sr., who worked for the Wonder Bread baking corporation in Memphis. After graduating from Southside High …

Glascock, Darrell

Darrell Glascock was a well-known political consultant who was an active force in Arkansas politics in the 1980s and 1990s. He also ran for U.S. Congress and sought the Democratic nomination for lieutenant governor of Arkansas. Darrell Glascock was born in Tullos, Louisiana, in 1946 to Ray and Louise Glascock. He was interested in politics at an early age, and friends recalled him campaigning on behalf of state Senator Speedy Long when he was fourteen. He graduated from Georgetown High School in nearby Georgetown; he attended Northeast Louisiana University, Northwestern State University, and Louisiana State University, but he did not earn a degree. Glascock married Kitty Lou Rambo in the 1960s, and the couple had two children, a son and …

Glass, Joe

Joe Glass was instrumental in the development of the motion picture industry in Arkansas. He produced independent movies and was appointed the first director of the state’s Office of Motion Picture Development. In that capacity, he was effective in bringing to Arkansas the filming of major movies and television series with the accompanying economic benefits. Joseph Frederick (Joe) Glass Jr. was born at Fort Benning, Georgia, on September 14, 1942, to Joseph Glass Sr. and Grace Jordan Glass; he had a sister, Susan. He attended schools in various cities as his father was transferred in his career with the Army Medical Corps and as a Veterans Administration hospital administrator. Glass graduated from high school in Huntington, West Virginia, in 1960. …

Gleason, George

At age twenty-five, George Gleason left his new legal career with a prestigious Little Rock (Pulaski County) law firm and purchased control of a bank in Ozark (Franklin County). After forty years of his leadership as chairman and chief executive officer, what is now Bank OZK grew to be the largest bank in Arkansas. Publicly owned, it has been nationally recognized as one of the best-performing banks in the nation. The bank expanded to other states and became a major commercial construction lender in large metropolitan centers. Gleason was inducted into the Arkansas Business Hall of Fame in 2021. George G. Gleason II was born on November 30, 1953, in Dardanelle (Yell County), the youngest of four children of George …

Global Ties Arkansas

aka: Arkansas Council for International Visitors
Global Ties Arkansas—formerly the Arkansas Council for International Visitors (ACIV)—is part of the national organization Global Ties U.S., which is based in Washington DC. Global Ties U.S. consists of more than ninety nonprofit organizations around the country. Both Global Ties U.S. and all the ninety-plus organizations are private nonprofits, but they receive international visitors sent to them by the U.S. Department of State. Most of the local organizations are citywide, and a few, such as Global Ties Arkansas, are statewide in coverage. The visitors brought to the United States have been identified as individuals in a position—now or in the future—likely to influence issues related to American foreign policy. Global Ties Arkansas receives international officials and leaders in the areas …

Goodwill Industries of Arkansas

Goodwill Industries of Arkansas is a not-for-profit enterprise agency that brings work to low-income individuals who otherwise face significant barriers to employment, including generational poverty and dependence on public aid, physical or mental disabilities, homelessness, periods of incarceration, substance abuse, or long-term unemployment. Goodwill Industries serves Arkansans with a host of rehabilitation services, career services centers, retail stores, and attended donation stations throughout the state. Goodwill Industries was founded in 1902 in the South End of Boston, Massachusetts, by Edgar J. Helms, a Methodist minister, who believed that all people should have the opportunity to work without regard to race, disability, or criminal history. Helms’s philosophy, summarized in the phrase “Not charity, but a chance,” expanded into a worldwide network …