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LIPSITZ, LOUIS

LIPSITZ, LOUIS (1872–1927). Louis Lipsitz, businessman, was born to Joseph and Rebecca Lipsitz on June 25, 1872, in Detroit, Michigan. The family moved to Tyler, Texas, while Lipsitz was a child, and he received his primary and secondary education in that city's public schools. He also attended the Eastman Business College at Poughkeepsie, New York. After his return to Tyler he took a job on January 1, 1890, as a clerk in the firm of A. Harris and Company, which was owned by his father and an uncle. By 1900 Lipsitz had become a partner in the establishment, which had expanded beyond its origins in the retail dry-goods business into lumber sales. Seven years later he moved to Dallas, where he established and oversaw the operations of the Harris-Lipsitz Company, a wholesale dry-goods firm, and the Harris Lumber Company, a wholesale lumber establishment. In 1914 Lipsitz became managing partner of the renamed Harris-Lipsitz Lumber Company. The growth of this firm under his direction established his reputation as a successful businessman and led to his participation in a number of other Dallas enterprises, including the Lyon-Gray Lumber Company, the Trinity Lumber Company, and the Oak Cliff Lumber Company. He also was president of the Chronister Lumber Company of Forest, Texas. Lipsitz was a member of the board of directors of the Realty Trust Company of Dallas, the Dallas Chamber of Commerce (of which he was president in 1915), the United States Chamber of Commerce, and the State Fair of Texas. In addition, he served as vice president of the American Exchange National Bank.

During World War I Secretary of the Interior Robert McAdoo appointed Lipsitz director of the War Saving Campaign in Texas, a project that encouraged the purchase of Liberty Bonds to help finance the war effort. Lipsitz also held the position of regional director of the Eleventh District of the War Industries Board. He was a lifelong Democrat and member of the Masonic fraternity. He died of a heart attack after a night of dancing at a Mineral Wells, Texas, hotel on April 1, 1927. He was buried in Dallas.

BIBLIOGRAPHY: 

Dallas Morning News, April 3, 1927. Who Was Who in America, Vol. 1.

Brian Hart

Citation

The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this article.

Brian Hart, "LIPSITZ, LOUIS," Handbook of Texas Online (http://www.tshaonline.org/handbook/online/articles/fli15), accessed November 23, 2014. Uploaded on June 15, 2010. Published by the Texas State Historical Association.