Other early businesses included the Economy Store and McDonald Mercantile Company, operated by William Henry McDonald, who also owned a bank; Matthews Brothers, a grocery, was opened in 1898 by Henry and Arch Matthews; W. D. Mayo and E. M. Pointer founded Mayo and Company, a mercantile and farm implement business. Mr. and Mrs. C. F. Ivey established a long-standing drug store (she also owned hotels). By 1900, Sallisaw recorded a population of 965, which increased to 2,255 in 1920. During this time, the community's economy rose and fell with the price of cotton.