Madam Cj Walker Essay

Madame C.J. handcart was the Statess first self-made female millionaire. She amassed her fortune through bad work, innovative ideas, and a fierce dedication to her craft and her people. Contrary to to the highest degree historical accounts, Madame C.J. pushchair did not invent the pressing comb. Per her own words, Madame pushcart started the hair-growing business, borne out her desire to remedy her own hair loss. In 1910 Madame C.J. walker moved her ever expanding Special Correspondence Course business, founded on her system of rules of Beauty Culture, to Indianapolis. There she purchased and paid for her home adjoining which was a factory and laboratory. On September 2, 1911 she petiti 1d the Indiana Secretary of State to become collective and on September 19th, 1911, said petition was granted, marking the genesis of the Madame C.J.Walker Manufacturing Company of Indiana, Inc. wherein Madame Walker was the chair and sole divideholder of all 1,000 shares of downslope. She was also an early civil rights advocate on behalf of mordant people, and an avid financial supporter of what today we call HBCUs or Historically Black Colleges and Universities. By the time of her passing in 1919, Madame C.J. Walker had built one of the largest black owned manufacturing companies in the world, an international network of over 15,000 Madame Walker agents, beauty schools in three states, and a 32 room hall at Irvington-on-the-Hudson, New York. Madames only child, ALelia Walker became President of the Madame C.J.Walker Manufacturing Company of Indiana upon her m some others passing. Per Madames will, two-thirds of the stock of the Company was placed in a Trust, over which were five Trustees. The other one-third of the stock of the company was bequeathed to her only child. When ALelia died, the one-third share of stock she owned was split between two people, each receiving onesixth share.The legal age two-thirds remained in the Trust. Over six decades later, in 19 85, the Trustees petitioned the Marion County Probate court to dispense with them to sell the stock and assets of Madame Walkers company, including inventory and historical documents, to a man named Raymond Randolph. The owners of the remaining shares of stock also agreed to sell their shares to Raymond Randolph. Thus, on December 20th, 1985, Raymond L. Randolph became the first person since Madame C.J. Walker herself to own all thou shares of stock in the Madame C.J. Walker Manufacturing Company of Indiana, aka the Madame C.J. Walker Manufacturing Company.