Early Life and Businesses
Douglas was born in Waterloo, Iowa to George Douglas and Margaret Boyd Douglas. His parents had both immigrated to the United States; George Douglas was Scottish and Margaret Boyd was Irish. George Douglas was one of the co-founders of the Quaker Oats Company.
After attending high school, Douglas attended the Shattuck Military Academy in Faribault, Minnesota. He married Lulu Camp on May 19, 1884, with whom he had two sons, Edward Bruce and George Camp. Lulu died in December, 1899, and eight years later, on November 6, 1907, Douglas was married to Mahala Dutton.
Douglas and his brother George founded the Douglas Starchworks, at the time the largest starch factory west of the Mississippi. The Starchworks later became Penick and Ford and subsequently, Penford Food Ingredients, a division of Penford Corporation. He also had interests in the linseed oil business in Minneapolis, manufacturing under the name of the Midland Linseed Oil Company, which was sold in 1899 to the American Linseed Oil Company, eventually evolving into the Archer Daniels Midland Company. In 1899, after selling his linseed business, Douglas became a partner with Piper, Johnson & Case, a grain firm, where he remained until he retired in 1912.
Douglas was associated with several businesses, including the Canadian Elevator Company, the Monarch Lumber Company and the Saskatchewan Valley Land Company, among others. He was also a stockholder, executive board member, and one of the directors of the Empire Elevator Company, and was a member of the executive board of the Quaker Oats Company. He was also among the directors of the First National Bank of Minneapolis..
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