Jasper County history

It was chartered February 6, 1920 and began business April 12, 1920 with D. N. Harvey, of Monticello, President and W. W. Perry, of Shady Dale, cashier.

During the year 1926, “On account of curtailment in agricultural operations and kindred lines in Jasper County”, the rank went into voluntary liquidation, paid every depositor in full, and every stockholder more than par value on each share of stock.

In 1929, Jordan Manufacturing Company became the Jordan Division of the United States Bobbin and Shuttle Company of Providence, Rhode Island, with Charles H. Jordan as vice-president and director and his son, Leland K. Jordan, Southern sales manager.

The great depression of the thirties had its adverse effect upon the textile industry as it did upon everything else; so the United States Bobbin and Shuttle Company divested itself of the Jordan Division in 1939 and the Jordan family again came into complete possession of the property.

After experiencing a fire, which severely damaged the plant, the Appalachian Minerals Company sold the property to the Feldspar Corporation in 1954, which corporation is presently operating the facility, providing employment to approximately 45 persons with a payroll of about $310,000 annually.