Fuller Earle Callaway

Fuller Earle Callaway

Fuller E. Callaway, Sr. (1870-1928), a leading Southern textile manufacturer of the early 20th Century.
Born July 15, 1870,
LaGrange, Troup County, Georgia, U.S.
Died February 12, 1928
LaGrange, Troup County, Georgia, U.S.
Occupation Businessman

Fuller Earle Callaway, Sr. (1870–1928) was an American textile manufacturer who was regarded as one of the leading industrial magnates of the Southern United States during the first decades of the 20th Century.

Biography

Early years

Fuller E. Callaway was born in the town of LaGrange in Troup County, Georgia, on July 15, 1870, the son of a second generation Baptist minister,[1] Rev. Abner Reeves Callaway. Callaway's mother, the former Sarah Jane Howard, died when Fuller was just 8 years old.[2]

Entrepreneurial in spirit from his youth, at age 18 Callaway made use of $500 he had saved[2] in addition to borrowed starting capital and launched a dime store in his native LaGrange, following the business model established by F.W. Woolworth & Co.[1] Callaway's venture proved successful and after expansion the Callaway Department Store became the largest such firm in LaGrange and the flagship of a small regional chain.[1]

Textile manufacturer

Callaway's success as a dry goods merchant provided him with capital of his own and in 1895 he invested in LaGrange's first modern textile manufacturing facility, Dixie Mills.[1] Callaway later recalled:

"“It was like the measles in the South in those days. Every town wanted to build a cotton mill.... We did not have much of anything, but we got up a cotton mill; and auctioned off the directorships. Anybody that would take $5,000 worth of stock, we would make a director; and if a widow with a son had $2,000, we would make the son a bookkeeper.... A good many of the laborers took stock in it. We had a great many poor white people with the highest type of morality and religion. They could not produce cotton at five cents a pound against the negro; and these men began to move to town as cotton mill operatives."[1]

Although originally run with managers brought to the South from New England, investors soon prevailed upon Callaway to take over the active management of the facility himself.[2] The operation was put onto a sound footing and Callaway cashed out his stock in the operation, determined to leave the textile business.[2]

This decision proved to be short-lived, however, and in 1901 Callaway was a leading investor in a new facility, Unity Mills.[2] Callaway worked as secretary-treasurer of the company, later known as Kex Plant, and continued to reinvest his profits over the subsequent two decades, opening several other mills within a 100-mile radius of LaGrange.[2]

Callaway subsequently expanded his regional empire into other businesses, helping to launch such firms as the LaGrange National Bank, the LaGrange Savings Bank, Security Warehouse Company, the Callaway Development Company, and the Manchester Development Company.[1]

Callaway served as Railroad Commissioner of Georgia from 1907 to 1909 and was for a time the president of the American Cotton Manufacturers Association.[2]

In 1919 Callaway was named by President Woodrow Wilson as one of 22 members of a blue ribbon Industrial Relations Committee that met in October of that year in a failed attempt to negotiate broad agreement on wages and prices in the rapidly evolving post-World War I American economy.[3]

Death and legacy

Fuller E. Callaway, Sr. died on February 12, 1928 at his home "Hills and Dales" in LaGrange, Troup County, Georgia.

Footnotes

  1. 1 2 3 4 5 6 Gary N. Mock, "Fuller E. Callaway, LaGrange, GA," www.textilehistory.org/, 2009.
  2. 1 2 3 4 5 6 7 Kaye Lanning Minchew, "Callaway Family: Fuller Earle Callaway," New Georgia Encyclopedia online, last update: Aug. 17, 2009.
  3. Laurence Todd, "Steel Strike May Begin Labor’s Last Big Battle With Industrial Barons: Bitterness and Violence Seen as Certain Results — Wilson’s October 6 Conference Mildly Amuses Wall Street Interests," New York Call, vol. 12, no. 264 (Sept. 21, 1919), pg. 2.

Further reading

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