In the 1890's, the size of the cotton crop was growing at a rapid rate as more and more land in the western part of the United States was being devoted to cotton. Roughly 9.9 million bales of cotton were produced in the country in the 1894-95 growing season, which was almost 2.2 million bales more than the harvest in 1893-94, and over 3.2 million more than in 1892-93. To keep up with the ever expanding cotton industry, the owners of the numerous mills in Henderson, North Carolina met on August 7, 1895, to discuss the possibility of building a new state of the art mill in the city. Although the there had been much talk about a new mill for several weeks, the owners of the mills and the mills Board of Directors officially agreed to spend one hundred thousand dollars on a new mill that will have eight thousand cotton spindles. The continued growth of the cotton industry in many cases financially supported the population of small towns like Henderson, by providing new jobs at the mills and increasing the demand for raw cotton that farmers faced.