In 1881, Thomas M. Holt built a power dam across the river and a second mill across the street from Granite. Holt's progressive management of the mill and his leadership of the North Carolina Railroad and the Grange led to a term as governor between 1891 and 1893. He died in 1896, leaving his son, Charles, to run the mill. The mill underwent several changes in management in the first quarter of the twentieth century.
In 1881, Thomas M. Holt built a power dam across the river and a second mill across the street from Granite. Holt's progressive management of the mill and his leadership of the North Carolina Railroad and the Grange led to a term as governor between 1891 and 1893. He died in 1896, leaving his son, Charles, to run the mill. The mill underwent several changes in management in the first quarter of the twentieth century.