Dallas Morning News, Texas
27 October 1923
(Viewed online at GenealogyBank.)
WILLIAM BUCHANAN DIES AT TEXARKANA
LUMBER AND RAILROAD MAN RECENTLY GAVE MILLION FOR CHARITY
TEXARKANA, Texas, Oct 26 -- William Buchanan, 75 tears old, widely known millionaire lumberman, died at his home here Friday morning, following an illness of several months. Death was due to cancer of the stomach.
Mr. Buchanan came to Texarkana fifty years ago from Winchester, Tenn., and, with a very small capital, engaged in the sawmill and lumber business, scoring a phenomenal success.
Some years ago he organized the Louisiana & Arkansas Railway, operating out of Hope, Ark., to various points in Louisiana, which he developed into one of the most successful lines in the Southwest. He remained its president until his death.
About three weeks ago he announced the creation of the William Buchanan Foundation, with an endowment of $1,000,000, for the alleviation of human suffering and the betterment and uplift of the unfortunate of this community.
Mr. Buchanan was a charter member of the Pine Street Presbyterian Church, U.S.A., and its main support for many years. He is survived by his wife, Mrs. Hannah C. Buchanan; a daughter, Mrs. Helen Buchanan Steager, and a son, William J. Buchanan; also by two granddaughters, Mary and Hannah Steager.
The funeral will be held Saturday afternoon with burial at Rose Hill Cemetery.
