Asheville, Oct. 19—Erection of a large cotton mill, construction of which will cost around $1 million, with 25,000 spindles and employing about 1,000 people, will be started at Balfour, two miles from Hendersonville, at once.
Ellison A. Smythe, one of the best known cotton mill men in the South, is behind the project, and $50,000 in stock, the quota assigned to businessmen of Hendersonville has been sold.
Engineers arrived today to begin the survey for actual construction and work will start as soon as this is completed.
From the front page of the Concord Daily Tribune, Saturday, October 20, 1923
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