Guide to the Watauga Development Corporation of Elizabethton, Tennessee Ledgers, 1931-1935

Summary Information

Title: Watauga Development Corporation of Elizabethton, Tennessee Ledgers, 1931-1935
Collection: AC.838
Extent: 1.5 linear feet (1 box)
Abstract:

The Watauga Development Corporation of Elizabethton, Tennessee Ledgers collection consists of two ledgers full of monthly reports from the corporation to partners, reporting rental payments, stock and equipment inventories, and expenses between 1933 and 1935.

Creator: Watauga Development Corp. of Elizabethton, Tenn.

Biographical/Historical Note

Around 1927, E.C. Alexander was president of the Mountain Spring Company in Elizabethton, Tennessee and as such oversaw the water supply to Elizabethton and two German rayon manufacturing plants there. As the German interest in Elizabethton grew, Alexander decided to purchase real estate and form a development company in association with local figures and officials of the German rayon plants, namely American Bemberg and American Glanzstoff, to form the Watauga Development Corporation. That corporation held nearly four hundred thousand dollars' worth of property near the plants. The growth of plant workers demanded more housing, and the oversight of this housing need fell to Watauga Development Corporation.

Scope and Contents

This collection is two ledgers containing financial reports of accounts paid and accounts receivable, inventories of stock on hand, rental property reports, all related to Watauga Development Corporation of Elizabethton, Tennessee. Some reports went to American Bemberg Corporation of Elizabethton, and some to American Glanszstoff Corporation which were partners in the Watauga Development Corporation. The ledgers are made up by glued typed reports to the ledger pages, chronological in order.

Arrangement

Both ledgers are in one box, and the reports in both are in chronological order.

Administrative Information

Access Restrictions

This collection is open for use in the Dougherty Reading Room. An appointment for research is recommended. The Dougherty Reading Room is located on the 4th floor of Belk Library in Special Collections.

Acquisitions Information

This collection was purchased from Row by Row Bookstore in 2010 and accessioned as AC.2011.027.

Processing Information

Processed by Anita Elliott, March 2014. This collection was processed as part of a grant from the National Historical Publications and Records Commission. The grant funded extensive processing of the backlog within the W. L. Eury Appalachian Collection between 2012 and 2014.

Preferred Citation

[Identification of item], AC.838: Watauga Development Corporation of Elizabethton, Tennessee Ledgers, W.L. Eury Appalachian Collection, Appalachian State University, Boone, North Carolina, USA.

Container List

  Box

Ledger, January 1931-June 1933 

1

Ledger, July 1933-March 1935 

1