Thomas Chipman McRae (21 December 1851 - 2 June 1929) was born at Mount Holly in Union County, Arkansas. He attended Soule Business College and graduated with a law degree from Washington and Lee University.
In 1874, McRae was appointed to the post of Election Commissioner. From 1877 to 1879, he served in the Arkansas House of Representatives and was a presidential elector in 1880.
In 1917 and 1918, McRae was president of the Arkansas Bar Association; in the latter year he took part in the Arkansas Constitutional Convention. In 1920 he was elected Governor of Arkansas and served for two terms. The McRae administration oversaw the establishment of the railroad commission and the establishment of a tuberculosis sanitarium for African-Americans.
After the end of his terms, McRae was appointed special Chief Justice of the Arkansas Supreme Court. He is buried at the DeAnn Cemetery in Prescott.