Business Ventures
In 1905, Kempner and fellow Galveston businessman William Lewis Moody, Jr., established the American National Insurance Company; However, by 1908, Kempner had sold his shares in the insurance company and with his family members, and a partner, William T. Eldridge, purchased a sugar plantation and mill in the area that would become the company town of Sugar Land. Over the following years, they acquired additional assets and controlled the majority of the sugar industry in Texas. These holdings were incorporated into the Imperial Sugar Company in 1924. After Eldridge died, Kempner and his siblings acquired his partner's interest in the business. In addition to his sugar and cotton holdings, Kempner was also involved in real estate and insurance businesses and, along with his siblings, held ownership in the United States National Bank in Galveston.
Read more about this topic: Isaac Herbert Kempner
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