Business & Finance: Carolina Caesar

Once upon a time two brothers. Caesar and Moses Cone, founded a Proximity Manufacturing Co. in Greensboro, N. C. Proximity prospered, gave birth to three cotton mills: Proximity, Revolution and White Oak. To take care of his employes Caesar Cone presently founded the Textile Bank for the savings of his employes. Time passed. Caesar and Moses Cone died. Textile Bank was absorbed, became a branch of North Carolina Bank & Trust Co.

Came the Depression. North Carolina Bank & Trust felt the pinch, closed down to a restricted basis even before the bank holiday....

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