Greensboro, Feb. 8—The way is cleared for winding up the affairs of the Mecklenburg Mills Company in documents filed today in the office here of the clerk of the United States Court, Western District of North Carolina, agreeing to the foreclosure of the property of the mills.
The papers are answers to the request of the Coal and Iron National Bank of the city of New York that the judge of the court, E. Yates Webb of Shelby, allow foreclosure proceedings, brought in the interest of the bond holders, for which the bank is the trustee.
The Mecklenburg Mills Company, which operated four cotton mills, Mecklenburg at Charlotte, Newton and Clyde at Newton, and Nancy at Tuckertown, Montgomery County, had home offices in Salisbury and was adjusted bankrupt in October, 1923. The mills have not been operated since they became bankrupt. J.D. Norwood was president of the mills company.
Bonds held amount to about $600,000. The paper filed today were answers to the petition of the bank for the foreclosure of the property and those answering agreed to the foreclosure. Answers were made by E.F. McGowan, trustee in bankruptcy for the mills company, and John C. Larson, who was secretary-treasurer of the company.
From the front page of the Concord Daily Tribune, Tuesday, Feb. 9, 1926
newspapers.digitalnc.org/lccn/sn92073201/1926-02-09/ed-1/seq-1/
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