Mr. Speaker, I rise today to remember and honor the distinguished life of a successful agri-businessman, a respected philanthropist, and a great Tennessean from Jackson, Tennessee: Monroe Dunaway Anderson. It is my pleasure to introduce a…
Mr. Speaker, I rise today to remember and honor the distinguished life of a successful agri-businessman, a respected philanthropist, and a great Tennessean from Jackson, Tennessee: Monroe Dunaway Anderson. It is my pleasure to introduce a bill to honor M.D. Anderson by designating the property between the United States Federal Courthouse and the Ed Jones Building at 109 South Highland Avenue in Jackson, Tennessee as the ``M.D. Anderson Plaza''.
Mr. Anderson is a true American legend who used his fortune and influence to provide thousands of people with hope and a second chance at life. Mr. Anderson worked his entire life so that he could endow a hospital which would eventually become the largest medical complex in the world. His philanthropy and generosity were instilled in him as a boy growing up in Jackson, Tennessee. His story deserves to be told and his life commemorated for his bold vision.
Monroe Dunaway Anderson, also known as M.D. Anderson, was born in Jackson, Tennessee in 1873. After attending Jackson public schools, Mr. Anderson left his hometown to attend college in Memphis, Tennessee. Upon completing college, Mr. Anderson returned to his hometown to work at the People's National Bank.
In 1904 Mr. Anderson joined the cotton trading venture Anderson, Clayton, and Company started by his older brother Frank Anderson and Frank's brother-in-law Will Clayton. Their corporation flourished worldwide due to the rising demand of cotton during World War I, and they moved their operation to Houston, Texas to have better access to larger banks and deep water shipping. By the mid-1920's, after the company moved to Houston, they had operational trading firms in Europe, Africa, and Asia.
In 1936, Mr. Anderson established the M.D. Anderson Foundation with $300,000, which created the largest medical complex in the world, the Texas Medical Center in Houston, TX. The Foundation was set to receive an additional $19 million dollars upon the death of Mr. Anderson in 1939. The charter of the Foundation did not specify how the money was to be used, but the trustees leaned strongly in the direction of healthcare due to
Mr. Anderson's passion to help people and his desire to rid the world of cancer.
By 1945, Anderson, Clayton, and Company owned and operated 233 gins, 33 cottonseed oil plants, and 123 warehouses worldwide, and Fortune Magazine named this small start-up enterprise the largest cotton buyer, seller, storer, and shipper of cotton in the world.
The company remained private until 1945 when it was listed on the New York Stock Exchange. Because of this business strategy, it allowed the M.D. Anderson Foundation to purchase land for the Texas Medical Center through the sale of the company's stock. The Anderson, Clayton, and Company, by this time, had diversified its capital into a marine insurance company, a barge line, cotton mills, an investment bank, machine works, and even a foods division. After 1950, the multimillion dollar company was known as ACCO, or the ``BigStore'', and their international market sales reached three and half percent of all the world's production.
The positive impact of the Anderson, Clayton, and Company had on agri-business and the cotton trade as well as the M.D. Anderson Foundation's influence on medicine, research, and education throughout Tennessee's 8th Congressional district and the country is still being felt today.
Mr. Anderson's generosity through his foundation has built libraries, auditoriums, college buildings, and a planetarium on the campus of Lambuth College in Jackson, Tennessee as well as the 49 buildings at the Texas Medical Center.
Because of the positive legacy that M.D. Anderson has left, the city of Jackson, Tennessee along with Madison County passed resolutions in 2009 to honor Mr. Anderson and to rename the plaza between the two Federal Buildings in Jackson, Tennessee as ``M.D. Anderson Plaza''.
I am not alone in my effort to recognize Mr. Anderson's achievements. I would like to recognize the support of Mayor Jerry Gist of Jackson along with the Jackson City Council members Charles ``Pepper'' Bray; Ernest Brooks, II; Harvey Buchanan; Johnny Dodd; Danny Ellis; Maurice Hays; Frank Neudecker; Charles Rahm; and Randy Wallace.
In addition to the Jackson City Council, I would also like to recognize Madison County Mayor Jimmy Harris and the County Commission members Jimmy C. Arnold; Fred W. Birmingham; Katie Y. Brantley; Claudell Brown, Jr.; Gary D. Deaton; Aaron D. Ellison; Jim Ed Hart; Arthur D. Johnson, Jr.; Mark G. Johnstone; Terry H. Kuykendall; Larry V. Lowrance; William C. Martin; Luther T. Mercer; Dale Morton; John W. Newman; James W. Pearson; Joe A. Roland; Lacy R Rose; Douglas S. Roth; Billy Spain; Doug Stephenson; Bill Walls; and Arthur Wilson.
Finally, I would also like to acknowledge and thank Mr. Dickie Day of Jackson, Tennessee and Mr. Carter Edwards of Crocket Mills, Tennessee for working on this effort.
Today I join my distinguished colleagues in the city of Jackson and Madison County to rename the plaza between the two Federal buildings in Jackson, Tennessee as the ``M.D. Anderson Plaza'' by introducing this bill to recognize and honor the life and accomplishments of M.D Anderson.
Furthermore, I would like to point out that this bill will place no burden to the taxpayers of this great country due to the generosity of the West Tennessee Health Care Foundation in providing the funds necessary to rename the plaza and honor Mr. Anderson.
Mr. Speaker, I urge my colleagues in the House (and Senate) to support me in this tribute to a great American.