Entry Category: Business and Economics

Southern Tenant Farmers’ Union

The Southern Tenant Farmers’ Union (STFU) was a federation of tenant farmers formed in July 1934 in Poinsett County with the immediate aim of reforming the crop-sharing system of sharecropping and tenant farming. The facts that the STFU was integrated, that women played a critical role in its organization and administration, and that fundamentalist church rituals and regional folkways were basic to the union’s operation dramatically foreshadowed the post-war civil rights era. A series of natural disasters in the late 1920s and early 1930s, plus the unique circumstances present in Poinsett County, led to the formation of the STFU. The Flood of 1927 revealed the desperate plight of the Delta cropper to the outside world, sparking the interest of unionists …

Sovereign, James Richard

A native of Wisconsin, James Richard Sovereign lived in Arkansas only briefly at the end of the nineteenth century. During that time, however, he played a prominent role in politics and the labor movement at the state and national levels. By the early twentieth century, his prominence had faded, and he subsequently moved to the state of Washington, where he spent the remainder of his life. Born on May 30, 1854, in Cassville, Wisconsin, to Thomas Clark Sovereign and Ruby Mitchell Sovereign, James R. Sovereign grew up primarily on his grandparents’ farm near Elgin, Illinois. At age sixteen, he migrated to Kansas and worked as a cattle driver on the Gonzales and Abilene cattle trail, which ran through Kansas and …

Spencer, George Lloyd

George Lloyd Spencer, a Democrat, served as U.S. senator of Arkansas from April 1, 1941, to January 3, 1943, filling the vacancy left by the resignation of Senator John E. Miller. Spencer was not elected to a full term in office but served the remainder of Senator Miller’s term. Spencer also served in the U.S. Navy during both World War I and World War II. George Spencer was born on March 27, 1893, at Sarcoxie, Missouri, to George Spencer and Louella Riley Spencer. He moved to Okolona (Clark County) in 1902, where he attended public school. He also attended Peddie Institute at Highstown, New Jersey, and Henderson-Brown College in Arkadelphia (Clark County). In 1918, Spencer served as a seaman, second …

Spicer, William Leach

William Leach Spicer was a businessman and Republican Party activist. In the early 1960s, he oversaw the beginning stages of the party’s emergence as a competitive force against the long-dominant Democratic Party. In 1964, however, he lost a power struggle with fellow Republican Winthrop Rockefeller and resigned as state chairman. While Spicer played a substantive role in developing the state’s Republican Party, Rockefeller’s vision was ultimately vindicated by his own election as governor in 1966. William L. Spicer was born on October 12, 1918, in Yell County. He was the only child of William Jacob Spicer, who was a Methodist minister, and his wife, Ora Leach Spicer. As his father preached at various churches, Spicer grew up first in Woodruff …

Springdale Poultry Industry Historic District

The Springdale Poultry Industry Historic District was nominated to the National Register of Historic Places under Criterion A with statewide significance and under Criteria Consideration G for properties that have achieved significance within the past fifty years. The period of significance for the nomination of the district ends in 1969 to reflect the year that Tyson Foods moved its main office from East Emma Ave. to Johnson Road and Jeff D. Brown and Company sold its hatchery building on East Emma Ave. The district consists of three buildings, located at 317 and 319 East Emma Ave. and 316 East Meadow Ave., and was added to the National Register on September 23, 2011. Jeff D. Brown and Company: 317 East Emma Ave. …

St. Louis Southwestern Railway

aka: Cotton Belt
The St. Louis Southwestern Railway began in Tyler, Texas, in 1875. Construction began in Arkansas in 1881. When completed in 1883, the railroad ran diagonally across the state from Texarkana (Miller County) to St. Francis (Clay County). In 1930, the company operated 712 miles of track in Arkansas. The Cotton Belt, as it was better known, would reach its peak mileage in the state in the early 1930s. By the middle to late 1930s, the Great Depression and declining passenger revenue led the railroad to begin abandonment of many of its subsidiary companies and branch lines. Southern Pacific Railroad gained control of the Cotton Belt in 1932 in an effort to gain connections to eastern markets at St. Louis, Missouri, …

St. Louis–San Francisco Railway

aka: Frisco
The St. Louis–San Francisco Railway Co. (SLSF), better known as the Frisco, was organized in 1876 in Missouri. By 1881, the company consisted of a handful of lines concentrated in central and southern Missouri but reaching to Wichita, Kansas; Vinita, Oklahoma; and Fayetteville (Washington County), Arkansas. Although the Frisco never built into the heart of Arkansas, its feeder lines across northwestern and northeastern Arkansas connected communities with other lines across the state as well as the markets throughout the nation, allowing development of agricultural resources, industrial hubs, and resort communities on the periphery of the state. The Frisco was built on remnants of the older Atlantic and Pacific Railroad, acquiring right of way and trackage in Missouri and Indian Territory (present-day …

Star of India

Star of India, an award-winning restaurant in western Little Rock (Pulaski County), has become a renowned part of Arkansas’s cuisine scene since its establishment in 1993. It is said to have been the state’s first Indian restaurant and has become known not only for its food but also for its service under the charismatic personality of chef/owner Sami Lal. Born in the Indian state of Punjab in 1956, Lal has said that he took an interest in cooking at an early age by watching his mother prepare the family’s meals. In 1979, he left for Hamburg, Germany, to attend cooking school. While a student, he found work at a local restaurant, starting as a dishwasher and quickly working his way …

Stave Mills

Stave mills produce the narrow strips of wood that compose the sides of barrels. Barrels were vital for the transportation of goods in the days before easily fabricated boxes and waterproof plastic containers. Stave mills were frequently established in areas where timber was being harvested so as to take advantage of the easy availability of needed resources. As such, they were an important component of local economies in Arkansas, with small towns in timber-producing areas possessing at least one, and larger cities with railroad connections often having several. Stave mills processed either hardwood—used to make “tight,” or waterproof, barrels—or softwood—used to make “slack” barrels, or those that were used for transporting dry goods and foodstuffs. Logs were cut near the …

Stephens Inc.

Stephens Inc. of Little Rock (Pulaski County), a privately owned investment bank, is among Arkansas’s most prominent businesses. The company, one of the nation’s largest investment banks not based on Wall Street, was founded in 1933 by Prattsville (Grant County) native W. R. “Witt” Stephens as the W. R. Stephens Investment Co. Witt Stephens’s younger brother, Jackson T. (Jack) Stephens, joined the company in 1946 and went on to serve as chairman and chief executive officer from 1956 to 1986. Since 1986, Jack Stephens’s youngest son, Warren Stephens, has served as CEO. Witt Stephens was a regional manager based in Colorado for National Crafts Co. when his father, a farmer who served two terms in the Arkansas House of Representatives, …

Stephens, Jackson Thomas

Jackson Thomas Stephens was one of the most successful, high-profile business figures in Arkansas during the twentieth century, joining his older brother Wilton R. “Witt” Stephens in building Stephens Inc. of Little Rock (Pulaski County) into one of the nation’s largest brokerage firms. Stephens also became a well-known philanthropist, supporting institutions ranging from the Arkansas Museum of Fine Arts to the University of Arkansas at Little Rock (UA Little Rock) and the University of Arkansas for Medical Sciences (UAMS). Jack Stephens was born on August 9, 1923, in Prattsville (Grant County), the youngest of the six children of A. J. Stephens and Ethel Pumphrey Stephens. A. J. Stephens was a farmer and a politician who served two terms in the state …

Stephens, Witt

aka: Wilton Robert Stephens
Wilton Robert Stephens founded Stephens Inc., which once was the largest brokerage firm off Wall Street. He was a prime mover in the development of the natural gas industry after World War II and exerted great influence on the political and economic fortunes of Arkansas during the second half of the twentieth century. Witt Stephens was born on September 14, 1907, in Prattsville (Grant County), the second of six children of A. J. “Jack” Stephens and Ethel Pumphrey Stephens. His father was a farmer and politician who served two terms in the Arkansas House of Representatives from Grant County, as would Witt thirty years later (being elected to two terms in the House starting in 1961). The elder Stephens directly …

Stout, William C.

The clergyman William Cummins Stout was the master of two large antebellum plantations at the foot of Petit Jean Mountain in Conway County and the “first Arkansas man ordained to the priesthood of the Episcopal Church in Arkansas,” according to church records. William Stout was born in Greene County, Tennessee, on February 18, 1824. His parents, John G. Stout and Mary Kirby Stout, moved with their children to Fayetteville (Washington County) in 1830, where they continued their farming occupation. While a young man working in a store near the Indian Territory line, Stout attended meetings conducted by Bishop Leonidas Polk and discerned a religious calling. With Polk’s encouragement, Stout received his education at Kemper College in Missouri, then Nashotah House …

Strawberry Industry

The strawberry industry arose in Arkansas in the late nineteenth and early twentieth centuries when the advent of railroads made possible the profitable shipping of the fruit. For farmers, especially those who sell their crops locally, strawberries “kick off” the growing season because of their early ripening. By the time strawberry plants have stopped producing, other fruits and vegetables are ready to be brought to market, thus allowing a savvy grower to stagger crops throughout the summer and into fall. According to rough estimates, there are about 200 acres of strawberries in Arkansas. The short-lived peak market time of the strawberry originally prevented the fruit from getting a foothold in early Arkansas. Limited transportation meant poor-quality fruit at the stores …

Sturgis, Walter Roy

Walter Roy Sturgis was a self-made multi-millionaire from southern Arkansas whose fortune continues to benefit the state and beyond through philanthropic organizations dedicated to managing the wealth amassed by Sturgis and his wife, Christine. Roy Sturgis was born in Cleveland County, Arkansas, between Kingsland and Hebron on March 6, 1901, to William A. Sturgis, who was a farmer, and Nancy Virginia Bingham Sturgis, a homemaker. Sturgis had nine siblings. Scarce biographical information exists about Sturgis, and some of what has been written appears not to be entirely accurate. For example, Sturgis reportedly dropped out of school after the tenth grade and served in the U.S. Navy during World War I. While Sturgis’s education at the Good Hope School (also known …

Swine Industry

aka: Pig Industry
aka: Pork Industry
Swine (a.k.a. pigs, Sus scrofa) were first introduced into what is now Arkansas by the Spanish explorer Hernando de Soto in 1541. Since pork can be salted and smoked for preservation, many early settlers used pigs to supply their needs for meat and cooking fat (lard). The widespread production of pigs persisted until commercial refrigeration was introduced in the 1930s and 1940s. At that time, pork became available from more remote sources, and production was more specialized and concentrated on fewer farms. In the mid-1970s, integration of pig production began to occur, with four corporations controlling most of the $84,148,000 of pig sales in 2007. The de Soto expedition had more than 700 pigs when the group was disbanded in …

Tall Pines Motor Inn Historic District

aka: Tall Pines Inn
The Tall Pines Motor Inn Historic District is a well-maintained example of the Rustic architectural style of roadside lodging that has been popular in rural areas since the earliest days of travel by car. Located at the intersection of Highway 62 and Pivot Rock Road one mile west of Eureka Springs (Carroll County), it has operated continuously since 1947 under various names, including the Tall Pines Court, Tall Pines Motel, Tall Pines Motor Lodge, Tall Pines Motor Inn, and Tall Pines Inn. Its seven original log structures were added to the National Register of Historic Places as the Tall Pines Motor Inn Historic District on January 15, 1999. In the early part of the twentieth century, nostalgia for a simpler time …

Tate Plantation Strike of 1886

In 1886, the Knights of Labor engaged in two strikes in Arkansas. The first of these strikes, the Great Southwestern Strike, involved railroad workers from Texas to Illinois. It began in March and ended in failure by May. The second strike occurred in July at the Tate Plantation in Young Township of Pulaski County, nine miles south of Little Rock (Pulaski County) on the Arkansas River. While this strike also proved unsuccessful, and much briefer, it remains significant because all of the strikers were African Americans, and it foretold efforts at black farm labor activism that would continue in Arkansas well into the twentieth century. Formed in Philadelphia, Pennsylvania, in 1869, the Knights of Labor spread across the nation during …

Taylor Rosamond Motel Historic District

The Taylor Rosamond Motel Historic District is made up of four buildings, including a motel constructed around 1950 and a home constructed between 1908 and 1915. Located at 316 Park Avenue in Hot Springs (Garland County), the property was added to the National Register of Historic Places on May 26, 2004. The first structure on the lot was an Italianate-style home constructed by W. S. Sorrell between 1908 and 1915. The building is two stories with a full basement and a tower located on the southwest corner. The wood-framed building is covered with concrete blocks. The house is square with a wing topped with a gable roof extending to the west. A porch is present on the west and south …

TCBY Enterprises, Inc.

During a nineteen-year period, TCBY Enterprises, Inc. grew from a single store in Little Rock (Pulaski County) to a 3,000-outlet franchise. Selling flavored frozen yogurt, TCBY was known around the world. First known as the Capitol Tower, the tallest building in Arkansas was known as the TCBY Tower from 1991 to 2004 and bore those four letters on its upper floors. Frank Hickingbotham, an Arkansas native, opened his first frozen yogurt store in 1981 in Little Rock. Prior to this, Hickingbotham had been a junior high school principal, an insurance salesman, and the owner of several other food businesses, which he sold before founding TCBY. Hickingbotham had become acquainted with frozen yogurt a few years earlier on a visit to …