From the front page of the Hickory Daily Record, Aug. 30, 1920
Giant Paper Mill For North Carolina
Cincinnati, Aug. 30--Announcement was made here yesterday that the Champion Coated Paper Co. of which Peter G. Thompson of College Hill is president, will erect a large paper mill at Asheville, Wilmington or Raleigh, N.C. The pulp will be taken directly from the fiber plant at Asheville to the new paper mill and there converted into finished book paper. The paper making machines in the new plant will be the largest in the world.
The new plant will employ 3,000 men with an annual pay roll of $3 million. The exceptional advantages of the state of North Carolina both in raw material for paper making and labor courted with constantly increasing activities of Southeastern states' seaports are given as cause of the state of North Carolina being favored by big corporations now having many of the largest contracts in the world for furnishing national magazines and transacting large business with the United States government in postal cards. It is calculated that the proposed plant will be started before the close of the present year. The concern now controls the fiber business of the nation, and the new move adds another giant industry to the Southeastern states.
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