Textile manufacturer
Callaway's success as a dry goods merchant provided him with capital of his own. In 1895 he invested in LaGrange's first modern textile manufacturing facility, Dixie Mills.[1]
Callaway later recalled:
It was like the measles in the South in those days. Every town wanted to build a cotton mill.... We did not have much of anything, but we got up a cotton mill; and auctioned off the directorships. Anybody that would take $5,000 worth of stock, we would make a director; and if a widow with a son had $2,000, we would make the son a bookkeeper.... A good many of the laborers took stock in it. We had a great many poor white people with the highest type of morality and religion. They could not produce cotton at five cents a pound against the negro; and these men began to move to town as cotton mill operatives.[1]
Although the mill was originally run with managers brought to the South from New England, investors soon prevailed upon Callaway to take over the active management of the facility himself.[2] The operation was put onto a sound footing, and Callaway cashed out his stock in the operation, determined to leave the textile business.[2] This decision proved to be short-lived, however.
In 1901, Callaway was a leading investor in a new facility, Unity Mills.[2] Callaway worked as secretary-treasurer of the company, later known as Kex Plant, and continued to reinvest his profits over the subsequent two decades. He opened several other mills within a 100-mile radius of LaGrange.[2]
Callaway subsequently expanded his regional empire into other businesses, helping to launch such firms as the LaGrange National Bank, the LaGrange Savings Bank, Security Warehouse Company, the Callaway Development Company, and the Manchester Development Company.[1]
Callaway served as a Railroad Commissioner of Georgia from 1907 to 1909 (the predecessor to the Public Service Commission).[4] For a time he was the president of the American Cotton Manufacturers Association.[2]
In 1919 Callaway was named by President Woodrow Wilson as one of 22 members of a blue ribbon Industrial Relations Committee. They met in October of that year in an attempt to negotiate broad agreement on wages and prices in the rapidly evolving post-World War I American economy, but were unsuccessful. It was an era of strikes in major industries as workers struggled for better wages and working conditions, while the economy was absorbing thousands of veterans returning to the work force.[5]
