Statesville, Aug. 28—The Rocky Face Spinning Company at Stony Point, Alexander County, has been adjudged insolvent, and W.D. Turner of Statesville has been appointed receiver. The report of the auditors show the indebtedness of the company to be $184,000. The original cost of the mills was around $400,000.
From page 4 of the Concord Daily Tribune, Saturday, Aug. 29, 1925
newspapers.digitalnc.org/lccn/sn92073201/1925-08-29/ed-1/seq-4/
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