Business and Economics

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Entry Category: Business and Economics - Starting with M

Mercury Mining

aka: Cinnabar Mining
Mercury, which was first mined in Arkansas in 1931, is in most rock types in trace amounts, generally occurring at higher levels in shale and clay-rich sediments and organic materials like coal than in sandstone, limestone, or dolostone. Although mercury was widely used in the past for several applications, the market for products containing mercury steadily declined in the 1980s because it was recognized to be toxic. It still has important uses, however, in the chemical and electrical industries as well as in dental applications and measuring and control devices. The mercury-bearing district in southwest Arkansas occupies an area six miles wide by thirty miles long, extending from eastern Howard County through Pike County and into western Clark County. Surface …

Merrell, Henry

Henry Merrell of New York was both an industrialist and an evangelical who contributed to the development of Arkansas and Georgia. He has been credited with the beginning of the Industrial Revolution in Arkansas, and he also served the state as a Confederate major and as an effective Presbyterian elder. Henry Merrell was born in Utica, New York, on December 8, 1816, to Andrew Merrell, an influential printer, and Harriet Camp Merrell; he had two brothers and two sisters. Merrell began working at the Oneida textile factory in Whitesboro, New York, when he was fourteen. He participated in the religious movement of “The Second Great Awakening” and attended the abolitionist Oneida Institute in Whitesboro. Concerning his 1856 arrival in Arkansas, …

Merrill, Joseph

Joseph Merrill was a successful philanthropist who made a difference for the lives of young people in Pine Bluff (Jefferson County), primarily through his support of African American schools in Pine Bluff. He was also the founder of the Merrill Institute. Joseph Merrill, the youngest child of William and Mary Merrill, was born in Rockingham County, New Hampshire, around 1810. He had two brothers and one sister. He started his trade of shoemaking at the age of eleven years old and worked until he was twenty-one years old in Boston, Massachusetts. Then he moved to Sidney, Ohio, and worked there for a few years. His health turned bad, and in December 1835, he moved south to Little Rock (Pulaski County) …

Miller, Abraham Hugo

The Reverend Abraham Hugo Miller was an African-American businessman, a legislator during Reconstruction, and a church and educational leader in Helena (Phillips County). During Reconstruction, he served in the Arkansas General Assembly as a representative from Phillips County. At the peak of his business operations, he was considered the wealthiest black man in Arkansas. Abraham Miller was born a slave in Colt (St. Francis County) on March 12, 1849. He was the son of Boyer Miller, who was born in Virginia in 1827; the name of his mother is unknown, though his stepmother was Henrietta Miller. During the Civil War, Miller moved with his mother to Helena. Like his father, he became a drayman, which involved hauling cotton, flour, meat, …

Miller, Eliza Ann Ross

Eliza Ann Ross Miller was an African-American businesswoman and educator, as well as the first woman to build and operate a movie theater in Arkansas. She was the wife of prosperous Helena (Phillips County) businessman, state legislator, and church leader Abraham Hugo Miller. After her husband’s death, she continued his business operations while also providing leadership in the Helena school system. She was inducted into the Arkansas Black Hall of Fame in 1999. Eliza Ross was born in Arkadelphia (Clark County) on September 6, 1869, to George and Sarah Ross. On June 15, 1887, she married Abraham H. Miller in Arkadelphia. The couple had eight children, five of whom survived into adulthood. Abraham Miller, who had been successful in real …

Mining

Mining is defined as the extraction of valuable minerals or stone (mineral resources) from the earth, usually from an ore body, vein, or bed. Materials mined in Arkansas include base metals, iron, vanadium, coal, diamonds, crushed and dimension stone, barite, tripoli, quartz crystal, gypsum, chalk, and bauxite. Mineral resources are non-renewable, unlike agricultural products or factory-produced materials. Mining in a wider sense includes extraction of any non-renewable resource, including petroleum, natural gas, bromine brine, or even water. These resources are recovered by extractive methods that differ from those of normal surface or underground “hard rock” mining methods. Early settlers in the Arkansas Territory used several local mineral commodities. These included galena (lead ore), hematite and goethite (brown iron ores), saline …

Minute Man

Minute Man of America was a pioneering fast-food chain founded by Little Rock (Pulaski County) native Wesley T. (Wes) Hall (1915–2002). At the height of its operation during the 1960s and 1970s, Minute Man had fifty-seven locations—some franchised, some company-owned—in Arkansas and seven surrounding states. By 2018, the only Minute Man location in operation was in El Dorado (Union County). A location in Jacksonville (Pulaski County) opened in 2020 but closed in 2022. The first Minute Man restaurant opened at 407 Broadway in Little Rock on May 26, 1948, as a coffee shop with twenty-four-hour service. Hall had three partners at the time: Oliver Harper, Walter Oathout, and Alton Barnett. In 1956, Hall bought out the other partners and converted …

Mississippi, Ouachita and Red River Railroad

The Mississippi, Ouachita and Red River Railroad Company (MO&RR) was the first railroad to begin construction in Arkansas. Chartered in 1852 by John Dockery of Columbia County, the railroad began at Eunice (Chicot County), south of Arkansas City (Desha County), in 1854. At the onset of the Civil War, the railroad was incomplete, extending approximately seven miles south and west from the Mississippi River. Completion of construction and actual operation of the railroad did not occur until well after the Civil War. The road never made a profit and was merged with the Little Rock, Pine Bluff and New Orleans Railroad in 1873. The first articles of incorporation for the MO&RR were filed with the State of Arkansas by John …

Missouri and North Arkansas Railroad (M&NA)

The Missouri and North Arkansas Railroad (M&NA) was a regional carrier that, at its peak, stretched from Joplin, Missouri, to Helena (Phillips County). The railroad was plagued with weather-induced disasters, periods of labor unrest, questionable decisions by absentee managers and owners, unforgiving topography, economic conditions, fires, and bad luck. After the completion of the line, it existed for only four decades. The M&NA was the victim of a territory that could not produce sufficient revenue to support it. It had tough competition from the Missouri Pacific’s two routes through the region and their stronger traffic connections. The railroad was also constructed in a less-than-substantial fashion, which led to its many washouts, floods, and infrastructure failures. The railroad began as a …

Mitchell, Harry Leland

Harry Leland Mitchell was a lifelong union activist and co-founder of the Southern Tenant Farmers’ Union (STFU) in eastern Arkansas, one of the first integrated labor unions in the United States. The STFU was unique among unions in “encouraging members to leave,” helping them find a life outside tenant farming. H. L. Mitchell was born on June 14, 1906, to Maude Ella Stanfield and James Young Mitchell, a tenant farmer and sometime preacher in Halls, Tennessee. Mitchell attended school sporadically while working various jobs to help support his family. He sharecropped, worked in a clothing store, and ran a one-pump gas station. He finally graduated from Halls High School in 1925. He married Lyndell “Dell” Carmack on December 26, 1926, …

Mitchell, Sarah Elizabeth Latta

Sarah Elizabeth Latta Mitchell was an early and dedicated member of the Children’s Aid Society in Little Rock (Pulaski County), the oldest charitable institution in the city. Mitchell earned community recognition as president of the society, serving in that capacity from 1886 until her death in 1920. In 1947, the institution she had served for over thirty years was renamed the Elizabeth Mitchell Memorial Home in her honor. Elizabeth Latta, Lizzie to friends and family, was born on January 6, 1839, at Vineyard near Evansville (Washington County), to John and Jane Starr Latta. She was the youngest of their thirteen children. Latta’s family had moved to northwestern Arkansas in 1833 from York District, South Carolina, to escape the “idleness, drinking, …

Monte Ne Railway

Monte Ne (Benton County) resort promoter William “Coin” Harvey built the five-mile standard gauge Monte Ne Railway to link the new resort to the St. Louis–San Francisco Railway (Frisco) main line at Lowell (Benton County). Frisco surveyors laid out the route, and Frisco workers assisted in track construction prior to the June 19, 1902, opening. (Harvey’s fellow “free silver” proponent William Jennings Bryan spoke at the grand opening, but the event was sparsely attended due to heavy rain and a charge to hear the speaker.) The Monte Ne Railway used poor quality fifty-six-pound rail purchased from the Frisco, which, like other big railroads, sold worn-out main line and side track to smaller companies. The Monte Ne Railway shared the depot at Lowell …

Moore, Frank

Frank Moore was one of twelve African-American men accused of murder and sentenced to death following the Elaine Massacre of 1919; his name was attached to the U.S. Supreme Court case of Moore v. Dempsey. After brief trials, the so-called Elaine Twelve—six who became known as the Moore defendants and six 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. Born in Gold Dust, Louisiana, in Avoyelles Parish, on May 1, 1888, Frank Moore was the son of sharecroppers James Moore and Mary Philips Moore. In 1917, Moore reported on …

Morgan, Winfield Scott

Winfield Scott Morgan (better known as W. Scott Morgan) lived in Arkansas for most of his life. As a writer, editor, lecturer, and political activist, he played an important role in farmers’ organizations and third-party politics at the state and national levels. Even after those organizations and parties disintegrated, Morgan maintained true to his reformist ideals, as evidenced by his published writings well into the twentieth century. Born on August 25, 1851, in Columbus, Ohio, W. Scott Morgan moved with his family to Chillicothe, Missouri, when he was fourteen. Four years later, he married Retta Gilliland, with whom he would have five children. Morgan initially supported his family by teaching school for an annual salary of $200. He also began …

Mount Bethel Winery

Mount Bethel Winery in Altus (Franklin County) is the third-oldest winery in the state and is a part of the tradition of Arkansas winemaking established by Swiss Catholic immigrants who settled in the western part of the state in the late eighteenth century. Like other wineries in Arkansas, it remains a family-owned and -operated enterprise and has won many awards for its product. Mount Bethel Winery, named after the old church and school district located there, was founded on August 8, 1956, by Eugene Post, who had earned a degree in chemistry from the University of Arkansas (UA) in Fayetteville (Washington County) and so entered the wine business with a good knowledge of fermentation and the aging of wine. Eugene Post …

Mountain Valley Spring Water

Mountain Valley Spring Water, a brand name for bottled spring water from Hot Springs (Garland County), originated in the 1870s and rose to nationwide prominence, as did the town of Hot Springs, due to a reputation for curative powers. The Mountain Valley Spring Company continues to promote the healthy mineral content of the spring water, enjoying $65 million in sales in 2004. In 1871, pharmacist Peter E. Greene and his brother, John Greene, originally from Arkadelphia (Clark County), were the first to sell Mountain Valley Spring Water, which was then known in the Hot Springs area as “Lockett’s Spring Water” because of its association with Benjamin Lockett and his son, Enoch. The Locketts owned the spring and were the first …

Mountainaire Hotel Historic District

The Mountainaire Hotel Historic District consists of two Art Moderne buildings constructed in 1947 as a hotel along Park Avenue in Hot Springs (Garland County). The district was added to the National Register of Historic Places on February 11, 2004, but is abandoned and dilapidated. The thermal waters in Hot Springs attracted travelers to the city for decades before a quality road system was installed linking the area to other settlements. With the paving of what is now Arkansas Highway 5 between Little Rock (Pulaski County) and Hot Springs in 1925, tourists could more easily visit the springs to seek relief for medical problems. When the highway entered Hot Springs, it became Park Avenue, and a number of businesses catering …

Mullins, David Wiley, Jr.

David Wiley Mullins Jr. was a prominent economist whose professional experience includes stints working in both the Department of the Treasury and as a member of the Federal Reserve Board of Governors, as well as in the private sector. David W. Mullins Jr. was born on April 28, 1946, in Memphis, Tennessee. He was one of three children of David Wiley Mullins, who was a longtime educator, and Eula Elizabeth Harrell Mullins. Mullins’s family lived in Alabama, where his father worked for Auburn University. In 1960, his father became president of the University of Arkansas (UA) in Fayetteville (Washington County), and David Mullins Jr. attended high school in Fayetteville, graduating from Fayetteville High School in 1964. Mullins earned a BS …

Murphy Oil Corporation

Murphy Oil Corporation developed from family timberlands in southern Arkansas and northern Louisiana that were owned by Charles H. Murphy Sr. Officially formed in 1950 by the children of Murphy, the Murphy Oil Corporation now operates oil production facilities and processing plants across the world. The company was based in El Dorado (Union County) until 2020, when it was announced that Murphy Oil was consolidating its offices in Houston, Texas, following the collapse of oil prices that year. When oil was discovered in the Caddo Field north of Shreveport, Louisiana, in 1907, Charles Murphy Sr., the owner of timber and banking interests in Union County, decided that his timber company should purchase land on a scattered non-contiguous pattern to provide …

Murphy, Charles H., Jr.

Charles Haywood Murphy Jr. became the leader of his family businesses in 1941 at the age of twenty-one after his father suffered a stroke. Under his leadership, the family ownership of timber land, oil interests, and banking in southern Arkansas eventually became the Murphy Oil Corporation, a company with international operations. Charles H. Murphy Jr. was born in El Dorado (Union County) on March 6, 1920, to Charles Haywood Murphy Sr. and Bertie Wilson Murphy. He had three sisters. In 1904, his father moved to El Dorado (Union County) to operate a bank and, by 1907, owned thirteen banks in Arkansas and the Indian Territory. Subsequently, he built a sawmill at Cargile (Union County), south of El Dorado, and then …