Will Clayton left his mark on world commerce through the development of Anderson, Clayton & Co., the world's largest cotton marketing firm; he made an equally important impress on international economics and politics through special and vital service in the State Department during three crucial years of world history.

The politico-economic philosophy that Will Clayton developed as cotton merchant to the world provided the basis for his distinguished service as Assistant Secretary of State and as Undersecretary of State for Economic Affairs and influenced the course of international events far more than is generally realized.

"When the full story of the genesis of the Marshall Plan is told, it will become evident that the inspiration was Will Clayton's; which means he will have a firm niche in history, for this, if for nothing else," wrote John Dalgleish in Everybody's Weekly (London) in 1947. Dalgleish's opinion is supported by documentary evidence and the statements of others whose views are given in this short biography.

The principal events in Will Clayton's background that shaped his character and developed his personal philosophy are here portrayed by one who had a unique opportunity to view her subject at close range during the main periods of his careers in government and business. In this brief biography, his eldest daughter, Ellen Clayton Garwood, intimately but objectively traces the evolution of Clayton's realistic internationalism. The effectiveness of his governmental service in a fast-shrinking world had its roots in his early struggles in international cotton marketing. His marked ability to gain the support of Congress for government proposals-extension of the Reciprocal Trade Agreements Act, the British Loan, the Marshall Plan-is foreshadowed in his triumphant defense of his own business before a Senate investigating committee in the early twentieth century, and by his championship of Southern delivery on futures c