Image at bottom right of the $3 note probably is Bartlett Yancey, Jr. (1785-1828).
Click on the above images to see a larger version.
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"The first cotton mill . . . in North Carolina was built at Lincolnton in 1813 by Michael Schenck. . . . This mill was the forerunner of that remarkable industrial development which has taken place in North Carolina since that time" (Pleasants MS.).
One of the first mills that were created in Alamance County was the High Falls cotton mill. Owned and operated mainly by the Trollinger family, the mill changed ownership multiple times since its opening in 1834. Soon after E.M. Holt and brother-in-law William Carrington, created the Alamance Cotton Factory in 1837 along Big Alamance Creek. This mill is responsible for the famed textile pattern named the Alamance Plaid, famous due to it being the first mill south of the Potomac to produce colored, factory dried cotton.
Here is a suggestion of the fact that the South was on the right road--a gin, so far from diverting attention entirely to the cultivation of the staple, was succeeded by a cotton mill on the same spot, operated by the same power. Perhaps Helper was in bounds when the declared:
"Had the Southern States, in accordance with the principles enunciated in the Declaration of Independence, abolished slavery at the same time the Northern States abolished it, there would have been, long since, and most assuredly at this moment, a larger, wealthier, wiser, and more powerful population, south of Mason and Dixon's line, than there now is north of it" (H. R. Helper, The Impending Crisis of the South, ed. 1860, pp. 161-162).
Source: Mitchell, Broadus. The Rise of Cotton Mills in the South. Baltimore: The Johns Hopkins Press, 1921.
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