Historical Marker

M. D. Anderson

Houston, Harris County · Texas
Erected 1993

Anderson was born in Jackson, Tennessee, in 1873, the sixth of eight children; his father was the first president of the First National Bank of Jackson, and Anderson himself was a banker there as a young man. He moved to Houston for its nearness to the port of Galveston and its stronger banks, and he served as the firm's treasurer until illness forced him out in 1938. A member of the Cumberland Presbyterian Church and a Democrat, he was active in neither church nor politics. He died in Houston in August 1939 and was buried in Jackson.

What the plaque says

M. D. Anderson Tennessee native Monroe Dunaway (M. d.) Anderson (1873-1939) joined his brother Frank and William L. and Ben Clayton in an Oklahoma cotton merchandising business in 1904. Anderson served as chief financial officer for the business, known as Anderson, Clayton & Company. In 1907 he moved to Houston and opened a branch office for the company in Houston's original Cotton Exchange building at the corner of Travis and Franklin streets. Anderson, Clayton & Company moved its main offices to Houston in 1916 and in 1923 moved here to the Houston Cotton Exchange building. They prospered and became the leading merchants in the global cotton market. Anderson never married and lived frugally in downtown hotels. In 1936 he established a charitable foundation with the fortune he made in the cotton business. Upon his death in 1939, $20 million of his estate was willed to the M. D. Anderson Foundation. The Texas Legislature authorized the creation of a cancer research hospital in 1941. Upon learning this, trustees of the M. D. Anderson Foundation successfully bid for the institution and helped finance it. The M. D. Anderson Cancer Center and the Texas Medical Center which the M. D. Anderson Foundation created have become world renowned institutions. (1993)

Where it stands

29.75889, -95.35917 · Directions

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