Cabarrus County NcArchives History .....Concord Steam Cotton Factory 
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Concord Steam Cotton Factory
aka Concord Mfg Company

Company records are available as a collection at the UNC at Chapel Hill. A 
volume containing acts of incorporation, records of stocks and property, minutes 
of meetings of the board of directors and general stockholders of the Concord 
Steam Cotton Factory; and two related items, 1839-1861. Also included is a typed 
carbon copy of the minutes of stockholders' meetings, 1879-1902, of the Odell 
Manufacturing Company.

The Concord Steam Cotton Factory, also referred to as the Concord Manufacturing 
Company, was organized 16 February 1839 by a group of six entrepreneurs. General 
Paul Barringer served as the first president. Other notable founders included 
John T. Phifer, Daniel Moreau Barringer (1806-1873), and Robert Washington 
Allison (1809-1898). The business started with capital of $24,000 and 600 
spindles shipped from Fishkill, N.Y. This was the first cotton mill on record in 
Cabarrus County, N.C.

William Jenks, a Pennsylvanian, was the mill's first mechanic, but was replaced 
by John McDonald, also from Pennsylvania, before operations actually began. By 
April 1842, the mill was in full operation, producing cotton yarn, shirting, and 
nails. A year later, the company paid its first dividend at three percent per 
share. In 1859, John McDonald took over the ownership and management of the 
mill. The factory remained in operation during the Civil War and supplied cloth 
for uniforms.

In 1879, John Milton Odell purchased the firm and, with financial backing from 
seven other stockholders, built the Odell Manufacturing Company on the same 
property. Odell was the president and major stockholder, and his son William was 
secretary- treasurer. The Odell Manufacturing Company operated until 1907, when, 
in the face of worsening economic conditions and declining profits, the firm 
went bankrupt. Most of the mill itself burned in August 1908.


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