“Charlestonians invest heavily in upcountry textiles….”
City Directories and History: The Union Bank was listed in Charleston’s 1852 City Directory as having capital assets of $1 Million. Involved at at the bank were: Henry Ravenel, Pres., A.C. Smith, Cashier and others: A. Tobias, S. Mowry Jr., J.A. Winthrop, M. King, Otis Mills, S.S. Farrar, John L. Hedley, H.T. Street, Charles N. Hubert, W. Mazyck Jr., Wm. B. Smith, George Brown.
Note that W. B. Smith was in partnership with a number of Charlestonians in the Pelzer Manufacturing Co., of Anderson Co., S.C., including David Lopez and Mayor Courtenay.
The Rock Hill Herald reported on Feb. 21, 1884 – “The firm of L.D. Mowry and Son, cotton factors of Charleston, have suspended payments to creditors. The bad crop year led to their financial problems.”
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