Historical Marker

William Madison McDonald

Fort Worth, Tarrant County · Texas
Erected 1982

McDonald's bank mattered because other banks would not lend. Wikipedia says deposits from Black Masonic lodges gave the Fraternal Bank and Trust Company capital to lend to Black entrepreneurs, who found it hard to get credit from White-owned banks in segregated Texas. It adds that the bank survived the Great Depression under his management. His Fort Worth years followed a political collapse. After poll taxes and white primaries took hold, Wikipedia says, more than 100,000 Black Texans voted in the 1890s but only about 5,000 by 1906, the year he moved to Fort Worth.

What the plaque says

William Madison McDonald (June 22, 1866 - July 4, 1950) Born in Kaufman County, William "Gooseneck Bill" McDonald became active in politics in 1890. His ability to unite Black and White voters led to his prominence as a leader of the "Black and Tan" faction of the Republican Party. He remained influential, serving as a delegate to many state and national conventions, until the decline of the Republican Party in Texas in the early 1900s. Also active in black Masonic societies, he served as state secretary for 47 years. He moved to Fort Worth in 1906, founded the Fraternal Bank and Trust Company, and was a prominent civic leader. (1982)

Where it stands

32.77226, -97.34722 · Directions

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