The town was known for its outstanding cotton market.
The biggest cotton market in the district is also located here.
But the joy was short-lived as the cotton market collapsed in 1951.
However, when the bottom fell out of the cotton market, Jaime lost his entire fortune.
By 1880 the city was one of the South's largest cotton markets.
Over the years, it became a cattle and cotton market.
Through this he accumulated a fortune from the cotton market.
In 1940 the cotton market collapsed and the family had to sell their home.
"Prices have not been over a dollar in the cotton market since the Civil War."
In 1912, he called a meeting of Southern governors to work out a plan to stabilize the cotton market.