Mr. George Spurlin, prominent farmer living just north of Shelby, bid in the Vivian Spinning Company place together with 20 acres of land within two blocks of the heart of Cherryville at a public sale of the property at Gastonia Saturday. The highest bid placed on by Mr. Spurlin was only $31,500. Mr. Spurlin may have had associates interested with him in the bidding. It is understood that Mr. Spurlin sold the Vivian Spinning Co. $20,000 worth of cotton a year or more ago and accepted notes for payment. The notes were never paid and Mr. Spurlin was forced to bid in the mill to protect himself as best he could. It is also understood that the mill of which Mr. John J. George was an officer had liabilities of over $400,000.
From the front page of the Cleveland Star, Shelby, N.C., Monday, August 2, 1926
newspapers.digitalnc.org/lccn/sn97064509/1926-08-02/ed-1/seq-1/
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