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REED, MALCOLM HIRAM

REED, MALCOLM HIRAM (1876–1945). Malcolm Hiram Reed, businessman, son of Thomas Seldon and Dora (Connell) Reed, was born on February 22, 1876, at Gabriel Mills, Williamson County, Texas. He graduated from high school at Bertram, then attended Hill's Business College in Waco. In 1893 his father sent him to Marble Falls to market goods, and he remained there in business for fifteen years; he organized and was president of the Marble Falls State Bank before moving to Austin in 1908. Reed's business in Austin, M. H. Reed and Company, was one of the leading cotton factors in the state; it was also a major handler of cedar timber and pecans. Reed was active in banking, real estate, and oil. Through his Yellow House Land Company (1923–42) he purchased and resold the lands of the Yellow House Ranch to farmers in Hockley and Lamb counties. Reed was also president of the Texas Cotton Association and a member of the Chicago Board of Trade and of the New Orleans Cotton Exchange. He married Margaret Badger in 1898; they had four children and were divorced in 1936. Reed then married Roberta Farish Purvis, and they had two daughters. He died on December 11, 1945, and was buried in Memorial Park, Austin.

BIBLIOGRAPHY: 

Frank Carter Adams, ed., Texas Democracy: A Centennial History of Politics and Personalities of the Democratic Party, 1836–1936 (4 vols., Austin: Democratic Historical Association, 1937). Seymour V. Connor, ed., Builders of the Southwest (Lubbock: Southwest Collection, Texas Technological College, 1959).

Roy Sylvan Dunn

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Handbook of Texas Online, Roy Sylvan Dunn, "Reed, Malcolm Hiram," accessed February 14, 2016, http://www.tshaonline.org/handbook/online/articles/fre16.

Uploaded on June 15, 2010. Published by the Texas State Historical Association.