Building up Research Triangle Park
Hill discusses his business endeavors in North Carolina following his return from World War II. Having established himself as a powerhouse in banking and insurance prior to the war, Hill was enlisted by Luther Hodges to help establish the Research Triangle Park in North Carolina. He describes the establishment of the Research Triangle Foundation and the rapid development of business and industry under the guidance of himself and other economic leaders.
Citing this Excerpt
Oral History Interview with George Watts Hill, January 30, 1986. Interview C-0047. Southern Oral History Program Collection (#4007) in the Southern Oral History Program Collection, Southern Historical Collection, Wilson Library, University of North Carolina at Chapel Hill.
Full Text of the Excerpt
- JAMES LEUTZE:
-
So, 1945 comes, you come back from Europe, the war is over in the Fall of
1945. What activities did you get involved in? What did you want to
do?
- GEORGE WATTS HILL:
-
I had gotten involved before I went to Washington. My father asked
me - well, I went to work for $250 a month. After I
got married and came back, Fall of '25, and he asked me to
build a store building, which I did. It was occupied by Rose on Main
Street, next to what's now the First Union Bank Building.
That was the first architectural project that I had full authority on.
Then I organized Blue Cross with Dr. Davidson in '33, and we
started that. I gave Blue Cross an office in the Trust Building; that
was the old office building. Eventually they went on to the mezzanine
floor in the Trust Building. We had rebuilt it. That was the Hospital
Care which became Blue Cross when it merged with Hospital Savings. The
same year, it was a big year, I organized the Central Carolina Farmers
Exchange. That was all in '33. When I came back, in
'45, there were some other things. I was vice-president of
the bank, which had grown some. In '37 we built the office
building, the present CCB building, and reorganized the name. That was
before the war. I went to war because Dave Bruce asked me to, and I came
back, and I don't remember anything particular. I worked with
the bank. And Luther Hodges, whom I had barely known, asked me in
'55, I think it was, to take over as the treasurer of the
Research Triangle Study Committee, a proposed program, that Brandon
Hodges, who had been State Treasurer, had been handling
for Luther. Brandon Hodges died; there was no
relationship. So George Simpson came into the picture. He was
Odum's protege. Professor Odum had been a great friend of my
father's. I had known him as Rural Sociologist, and I think I
may have commented that George came and talked to me about the Research
Triangle. He'd been working under Brandon Hodges. We leased
an office down in Raleigh opposite the Revenue Building; it's
gone now. First there was a hundred acres. He came back a month later
and we talked about a thousand acres. Then we started scratching at the
damn thing and for three years I raised the money that paid for George
Simpson's study and Mrs. Aycock as his secretary. Mrs. Aycock
now considers herself "Miss Research Triangle." There
was at the same time a committee composed of representatives from three
University units, Paul Gross, Marcus Hobbs, Bill Little, two boys from
State, the names will come to me. They were making a study, and they
found eight hundred and fifty people doing research in the three
University units, very few knew each other, even on the individual
campuses. But they started to bring them together. I got the legal work
done in Washington and I told you the story about that. Bob Hanes had
become president of the Research Triangle Foundation, non-profit. We had
a big to-do at the Sir Walter Hotel up on the mezzanine floor, some big
luncheon party. Bob Hanes was sick at the time and died about a month
later. Looked like hell. This was the announcement for the Institute and
the Foundation. Archie Davis was brought in by Governor Hodges in
another year and a half or two years. But Hodges raised, I helped him a
little bit, around a million and a half dollars
from ninety-seven different individuals and corporations. As I said, I
think, nobody knew what the hell he was doing. Just put it up for
Hodges, the insurance companies and banks and all because it was
Hodges.
- JAMES LEUTZE:
-
I was going to ask you, what did you have in mind, what was your idea of
what this might become?
- GEORGE WATTS HILL:
-
Well, by that time, Simpson had gone to Stanford, and knew all about
Stanford Research Institute, and he was particularly concerned with the
Institute, much more so than the Foundation. Romeo Guest had come into
the picture from Greensboro, and his friend Robins at Aberdeen had put
up some money and they had bought acreage after we organized it. After
Archie Davis raised around a million and a quarter or something in about
thirty days (surprising) we bought out Robins, paid him back. There were
a lot of holes - I've got a map at the office
I'll bring over here - that shows them;
it's all spotty. Slowly we kept building them up. I had a
forester, Mangam, that kept working on the land with Romeo. Romeo and
myself worked very closely together. And we were trying to get some
acreage down in the old cut over pine land. It wasn't worth a
damn for anything. Septic tanks couldn't be used because it
was non-permeable. About the cheapest land that there was in this whole
area. We didn't pay much for it.
- JAMES LEUTZE:
-
Were there any small communities near there?
- GEORGE WATTS HILL:
-
Well, Lowes Grove was on the west side. And there was a filling station
on the east side. I think that was all. And there was a little stuff on
the north end, a school up there, near Old 70.
We got a bank out there recently. But it slowly developed and they used
the Southern railroad as a eastern border basically, and Alston Avenue
is the western border. Didn't quite make either one of them.
And they bought some land in Wake County, a thousand acres I reckon in
Wake County. They ended up with around fifty-two hundred acres all told.
And they bought it in Wake County so it would bring Wake County into the
picture, psychologically. That's just like this, Dean
McKinney and his boys are working out a plan for the use of the whole
business; all construction and sales have been north of 54 until the
National Institute of Environmental Sciences came in and we gave them
five hundred acres.
- JAMES LEUTZE:
-
I gather you were quite instrumental in that.
- GEORGE WATTS HILL:
-
Yes, well, we had worked it out. I was acting as secretary to the
Foundation. I served for twenty-three something years, through Archie
Davis, through Luther Hodges as chairman, and Archie as president.
Archie had become president of the Bankers' Association for a
year and he was the high knocker in Wachovia Bank and then retired.
Archie has hearing trouble. He's deaf as a post in one ear.
He wasn't too well then, and it's been up and
down. Then Luther died and Archie took over. And Acres Moore from
Raleigh, who considered himself a great friend of Luther's,
but Luther just kind of looked at it. Well he became vice-president, and
head of the Research Triangle Service Center which was a hundred acre
area just north of 54. And it was leased to a little Teer company for it
to build, as it did, the Governor's Inn, and started building
an office building, a post office, and leased to
the banks and so forth, and slowly developed. It's just been
sold as of the thirtieth of December '85, to a big consortium
up in the North. Seventy some odd million dollars eventually, twenty
million cash. But the Foundation was able to get all kinds of problems
settled in the negotiations that took place. I didn't have
anything to do with that. I just listened, I was out of office by that
time. I'm still on the Board but all the Board was until the
last two or three years when they reorganized it, had representatives
from the three Universities, a small group of people, basically
businessmen, whereas the Institute was the reverse, more University
people and a few business people, which is good. I was chairman of the
Institute from the beginning and still am, twenty-seven years I realized
yesterday. The Foundation has sold off - they don't
use the word 'sell' - they have
'liquidated" enough land in the Park to IBM. That
was the story I think I mentioned; Luther was responsible for bringing
Chemstrand and bringing IBM in. Foundation has now four or five million
dollars in Money Market funds.