We are thankful to Mr. E.B. Grady for the article below. He advises when recently tearing down his old residence on East Corbin street, that he noticed this article in a newspaper which had been pasted on the wall. He removed a portion of the old newspaper and presented tis article to officials of the Cabarrus Cotton Mills.
“On January 1st, 1893, the Cabarrus Cotton Mills began on the installment plan. By July 1st the mills were running. They do only weaving. One hundred and seventy looms are run by a 90 horsepower engine. The cost annually for fuel is $2,400. Fifty-five operatives have employment, which requires an outlay annually of $11,000. The capital stock is $60,000, of which $35,000 is paid in.
“These mills are located on the Richmond & Danville railroad. The buildings are new and well constructed. Around them a number of houses have been erected for operatives.
“The mills are successfully operating under the immediate direction of President J.W. Cannon and that rising young business man, Mr. J. Whit Burkhead, the secretary and treasurer. Mr. T.J. Broadway is the presiding genius in the actual operation of the machinery.
“This mill is the outcome of the suggestion and efforts on the part of Mr. Burkhead, who canvassed for and raised the stock. It is bound to succeed with the business knowledge and capacity of whose who direct its affairs. The directors are: D.F. Cannon, L.J. Foil, Elam King, Dr. R.S. Young, D.B. Coltrane, L.D. Duval and J.W. Cannon.”
From the front page of The Concord Daily Tribune, Sept. 22, 1923. According to Cannon Mills records, 1836-1983 - Archives & Manuscripts at Duke University Libraries, the headline is incorrect and the Cannon cotton mill at Concord was begun in 1893.
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