A mass meeting was held at the schoolhouse at Ellenboro last Saturday night, June 27, at which time Mr. John Lumley, representing Mr. W.H. Belk of Charlotte, brought before the meeting the project of starting a new textile plant in Ellenboro. The proposition was discussed and the working of the plans explained by Mr. Lumley, after which a committee was appointed to solicit stock and get allocation for the proposed plant. This committee is composed of O.R. Coffield, J.E. Bland, J.A. Martin, J.S. Martin and D.O. Byers.
It is proposed to sell stock to the amount of $50,000 for the textile plant, while Mr. Belk has proposed to furnish the machinery to the amount of about $20,000. This machinery is practically new and worth considerably more than this figure, Mr. Belk having taken it in at a forced sale.
It is proposed to manufacture yarn goods at the new plant and the product will be taken over and used in the output of other Belk textile mills. This arrangement assures the operating of the Ellenboro plant at its full capacity and with an assured output for the product. The new mill will start with a capacity of about 2,500 spindles, if the deal goes through.
A meeting will be held at Charlotte this week-end, at which time the Ellenboro committee will meet with Mr. Belk to report on the progress made and to further plans for the erection of the plant at Ellenboro.
It seems at present that the deal will go through and the textile plant be secured. Capt. W.H. Payne reports to The Courier that the business men and capitalists at Ellenboro are very much interested in Mr. Belk’s proposition, and he thinks they will readily over-subscribe the amount of stock required.
Ellenboro is a hustling town of about 800, ideally located as to the shipping facilities and the erection of a new textile plant there will give impetus to the already stimulated growth of the town.
Mr. John Lumley, who represented the Belk interests at Saturday’s meeting, was formerly connected with the Henrietta Mills at Caroleen and is an experienced textile man.
From the front page of the Forest City Courier, Thursday, July 2, 1925
newspapers.digitalnc.org/lccn/sn91068175/1925-07-02/ed-1/seq-1/
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