Clarence E. Williams
August 1925 – National Gypsum Company founded by Melvin H. Baker, Clarence E. Williams, and Joseph F. Haggerty – Wallboard they introduced was lighter, stronger, and less brittle. All three had worked for Beaver Board Company, a pioneer wood fiber board company. They started their new company with $100,000. At the time, they had 25 competitors.
Williams -- former head of geological research for Beaver Board. – Had options on mineral rights for gypsum at Clarence Center, NY.
The three men set up shop to refine the new wallboard product in the basement of J & A Keller Machine Company.
The founders needed to raise $2 million to build a plant and get their new company started. They could not sell stock in the conventional way. They had hired a small group of experienced salesmen before the company even had a plant. Baker put these men to work selling stock to individuals.
1928 – the company faced two patent infringement suits which it lost and Joseph F. Haggerty died. Shortly after that, Williams retired due to failing health. Melvin H. Baker became president of the fledgling company. Even though the company had difficulties, it raised the necessary capital to build the National City Plant and add gypsum plaster to the product line.