Anderson, Clayton and Company

Anderson, Clayton and Company (sometimes written Anderson, Clayton and Co) was a cotton trading firm started in Oklahoma City in 1904.[1]

History

The company was created by Monroe Dunaway Anderson, his brother Frank E. Anderson and Frank's brother-in-law William L. Clayton.[2][3] In 1916, the company moved to Houston, Texas in order to have better access to a shipping port.[4]

The company grew through meeting high cotton demand during World War I. By 1944 the company had grown to be the largest provider of cotton in the world,[5] and had cotton oil mills and cotton gins in several countries.[6] The company went public in 1945, and continued to expand by financing cotton growers in several states.[7]

Monroe Anderson died in 1939, leaving a legacy which was used to fund the M.D. Anderson Foundation, which in turn funded the University of Texas MD Anderson Cancer Center by matching funding from the state of Texas.[8] The Anderson Foundation trustees insisted that the new school be set up in Houston near the company headquarters. The new Cancer Center originally operated out of World War II barracks; it later grew to become a substantial part of the Texas Medical Center.[8]

As the company grew it diversified into foods[9] and international markets, including the Chiffon margarine brand.

Eventually the company was acquired by the Quaker Oats Company which led to its delisting from the stock exchange and the closing of its Houston offices.

References

  1. ↑ James S. Olson (1 August 2011). Making Cancer History: Disease and Discovery at the University of Texas M. D. Anderson Cancer Center. JHU Press. pp. 26–. ISBN 978-1-4214-0531-5.
  2. ↑ Gregory A. Fossedal (1 February 1993). Our Finest Hour: Will Clayton, the Marshall Plan, and the Triumph of Democracy. Hoover Press. pp. 26–. ISBN 978-0-8179-9203-3.
  3. ↑ John N. Ingham (1983). Biographical Dictionary of American Business Leaders. Greenwood Publishing Group. pp. 168–. ISBN 978-0-313-23907-6.
  4. ↑ Elliot A. Rosen (2007). Roosevelt, the Great Depression, and the Economics of Recovery. University of Virginia Press. pp. 146–. ISBN 978-0-8139-2696-4.
  5. ↑ Joseph R. Smith (30 May 1996). Safflower. The American Oil Chemists Society. pp. 111–. ISBN 978-0-935315-61-5.
  6. ↑ Randall Bennett Woods (1990). A Changing of the Guard: Anglo-American Relations, 1941-1946. UNC Press Books. pp. 208–. ISBN 978-0-8078-1877-0.
  7. ↑ D. Clayton Brown (10 November 2010). King Cotton in Modern America: A Cultural, Political, and Economic History since 1945. Univ. Press of Mississippi. pp. 275–. ISBN 978-1-60473-799-8.
  8. 1 2 Heather Green Wooten (2009). The Polio Years in Texas: Battling a Terrifying Unknown. Texas A&M University Press. pp. 111–. ISBN 978-1-60344-357-9.
  9. ↑ Political Economy of Rural Development. SUNY Press. 1 January 1981. pp. 42–. ISBN 978-0-87395-485-3.
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