Difference between revisions of "W. R. Witt Stephens"
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| − | '''W.R. Witt Stephens''' was the founder of [[Stephens Inc.]] in Little Rock, Arkansas. The company was founded as a bond business. Stephens purchased the Arkansas and Louisiana Gas Company in | + | '''W.R. Witt Stephens''' was the founder of [[Stephens Inc.]] in Little Rock, Arkansas. The company was founded as a bond trading business in 1933. Stephens borrowed $15,000 that Depression year and began buying up municipal, school, and levee bonds at bargain prices. When bond prices rebounded he purchased interest in thirty-seven Arkansas banks. In 1946 his brother Jack Stephens became a partner in the venture. |
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| + | Stephens purchased the Arkansas and Louisiana Gas Company (Arkla) in 1954. | ||
==References== | ==References== | ||
==External links== | ==External links== | ||
Revision as of 23:54, 20 April 2008
W.R. Witt Stephens was the founder of Stephens Inc. in Little Rock, Arkansas. The company was founded as a bond trading business in 1933. Stephens borrowed $15,000 that Depression year and began buying up municipal, school, and levee bonds at bargain prices. When bond prices rebounded he purchased interest in thirty-seven Arkansas banks. In 1946 his brother Jack Stephens became a partner in the venture.
Stephens purchased the Arkansas and Louisiana Gas Company (Arkla) in 1954.
