Lesser-Goldman Cotton Company
From FranaWiki
Revision as of 14:54, 10 June 2010 by Phil (talk | contribs) (New page: The '''Lesser-Goldman Cotton Company''' was established as the Lesser Cotton Company in the late nineteenth century. The company, under the leadership of banker Julius Lesser of Marian...)
The Lesser-Goldman Cotton Company was established as the Lesser Cotton Company in the late nineteenth century. The company, under the leadership of banker Julius Lesser of Marianna, pioneered the bidding system for cotton in 1892 by sending buying agents out into the local planter's markets, who before sold their bales to country merchants who dealt directly with commission houses in places like Memphis, St. Louis, and New Orleans.
Lesser organized the company in St. Louis with former Arkansan Jacob D. Goldman. Goldman became president of the firm. The firm became known by the Lesser-Goldman monkier only in 1900 when Lesser's son Harry and Goldman's son Alvin joined the company.
The manager of the company was Ad Hamberg.
