Physician and banker James P. Blount, the son of Jesse M. and Sophia (Caudle) Blount, was born on March 11, 1849, in Carrollton, Mississippi. He spent most of his childhood in Denton, Texas, where his father moved in 1856. After graduating from high school Blount studied medicine and opened his first office in Grand Saline. He returned to Denton and continued to practice medicine, opened a pharmacy, and became active in community affairs. He served on two committees that established North Texas State Normal School (now the University of North Texas) and the Girls Industrial College (now Texas Woman's University) in Denton. He was also a trustee of the public school system and a founding member of the Denton Board of Trade, the forerunner of the Denton County Chamber of Commerce.
Blount's position as a prominent physician and businessman resulted in his nomination as Democratic party candidate for a seat in the Texas House. He was elected in 1884 and represented the Twentieth District for one term. He declined to stand for reelection because of the time the legislature took away from his medical practice and growing business interests. He did, however, serve as a delegate to the Democratic national convention in 1888 and on the Democratic State Executive Committee in 1896.
The First National Bank of Denton selected him as president in 1891. He resigned in 1892, however, to become president of the Denton County National Bank, which he helped organize. During his twenty-year tenure as president, Blount examined and wrote articles on the Federal Reserve Act and legislation affecting farmers; his writings attracted the interest of university economists throughout the Southwest. Blount remained president of the bank until 1912, when he resigned as a result of poor health. After recuperating, he became president of the First Guarantee State Bank of Denton but served for only two years, since his health faltered again. He subsequently declined offers to serve in an executive capacity with local banks; instead, he concentrated his attention on his medical practice and business interests.
He married Jesse Kearby in 1869. She died in 1900, leaving him with three children. Blount married Mrs. E. K. Fritzlen of Dayton, Ohio, in 1910. By the mid-twenties, his health had deteriorated, and on his doctor's advice he traveled to Savannah, Missouri, in order to recuperate. There he died on October 9, 1928. He was buried in Denton.