Early Life and Career
Born in Texas, Clayton grew up the son of a farmer. In 1896, Clayton went to work for the American Cotton Company in New York City, becoming an assistant general manager in 1904. He left the company later that year to join with two other partners (including his brother-in-law Monroe Dunaway Anderson) in starting Anderson, Clayton and Company, a cotton marketing firm based in Oklahoma City. In 1916, the firm moved its headquarters to Houston, Texas, where it grew to be the world's largest cotton-trading enterprise.
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