Historicial Development: | The firm of Shumatte, Posey, & Ezell, according to the Census of 1870, had an invested capital of $2,000 in the sawmill and $1,000 in the grist mill, with raw materials worth $1,000 in cords of wood and $750 in corn. It employed eight men, paying $4,000 in wages during eleven months of operation. The mill produced 756,000 feet of lumber worth $10,000. |