Finding Aid for the Ledbetter Manufacturing Company Ledger, 1917-1979, PC.AB.532

Abstract

The Ledbetter Manufacturing Company was first incorporated in 1882 by Thomas Benson Ledbetter and his nephew, John Steele Ledbetter. Located on Hitchcock Creek in Richmond County, N.C., the company initially produced cotton yarn. During the twentieth century, the company was rebuilt, enlarged, and expanded to produce synthetic yarns. The ledger contains accounts of the manufacturing plant's fixed assets and their depreciation. Some of the accounts date back to 1917. The ledger has attached worksheets and computer print-outs, with the latter showing the status of fixed assets and their depreciation as of June 30, 1979, near the time of the company's dissolution.

Descriptive Summary

Title: Ledbetter Manufacturing Company Ledger, 1917-1979
Call Number: PC.AB.532
Creator: Ledbetter Manufacturing Co.
Date: 1917-1979
Extent: 1.00 items
Language: English
Repository: State Archives of North Carolina

Series Quick Links

Collection Contents

Restrictions on Access & Use

Access Restrictions

Available for research

Use Restrictions

Copyright is retained by the authors of these materials, or their descendants, as stipulated by United States copyright law (Title 17 US Code). Individual researchers are responsible for using these materials in conformance with copyright law as well as any donor restrictions accompanying the materials.

Preferred Citation

[Identification of item], PC.AB.532, Ledbetter Manufacturing Company Ledger, 1917-1979, State Archives of North Carolina, Raleigh, NC, USA.

Collection Overview

This ledger contains accounts of the manufacturing plant's fixed assets and their depreciation: machinery used in the various stages of yarn manufacturing (opening and picking, carding, drawing, slubbers, spinning, package winding,and packing and shipping), adjunct equipment (humidifying, heating, electrical power, fire protection, and so forth), and the buildings and their furniture and equipment. Each operation's machinery and every department's equipment has its own account in the ledger, reporting the year in which the machinery/equipment was acquired and the balance of its value until removed from the books by depreciation. Some, but not all, accounts date as far back as 1917. Laid into the volume are worksheets that may be related to an audit of the accounts, and a set of computer print-outs showing the status of fixed assets and their depreciation as of 30 June 1979.

Biographical/Historical

In 1882 Thomas Benson Ledbetter and his nephew John Steele Ledbetter incorporated the Ledbetter Manufacturing Company, with a capital of $25,000, and constructed a mill on Hitchcock Creek for the production of cotton yarn. After the mill was burned by a lightning strike in 1894, the mill was rebuilt and enlarged, and added to in the twentieth century when it expanded into the production of synthetic yarns. The corporation was dissolved sometime after the end of June 1979.

Contents of the Collection

Collection Contents

Ledbetter Manufacturing Company Ledger

PC.AB.532.1

This ledger contains accounts of the manufacturing plant's fixed assets and the depreciation of those assets. Some accounts date back to 1917 and the final entries are dated 30 June 1979.

Subject Headings

Thomas Benson Ledbetter

John Steele Ledbetter

Ledbetter Family

Machinery

Textile factories--North Carolina--Richmond County

Yarn

Business

Textile manufacturers

Cotton Yarn

Factories

Accounting

Account books

Business records

Richmond County (N.C.)

Rockingham (N.C.)

Acquisitions Information

Gift, Mary C. Ledbetter, Raleigh, N.C., to Museum of History;transferred by the Museum to the Archives, 1999.

Processing Information

Processed by George Stevenson, 1999

Encoded by Fran Tracy-Walls, September 2003; additional encoding by Lea Walker, November 2016; revisions by Fran Tracy-Walls, June 2019