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Alester Furman Company Records

 Collection
Identifier: Mss-0163

Scope and Content Note

The records from the Alester G. Furman Company consist of files documenting the sale of real estate, primarily residential housing, by textile manufacturing companies during 1945-1970. The Furman Company served as the broker for the sale of real estate which, with respect to the residential housing, in most cases was sold to the mill workers. Furman handled the loan applications, insurance, and all other matters related to the sale. The textile manufacturers involved in these sales had their factories located in the Alabama, Delaware, Georgia, North Carolina, South Carolina and Tennessee. This collection documents one of the most significant turning points in the history of the textile industry. The sale of the mill villages changed the relationship between the mill and its workers while at the same time providing capital for the renovation of the mills. The workers became home owners and could sell the homes if they so desired, thus changing the nature of the closely-knit mill communities. Perhaps equally important, the collection includes plats of the mill communities at the time of their sale

The records contain correspondence, records of financial disbursements, and sometimes insurance and other material related to the sales. Most of the sales and the bulk of the records are from the 1950s and 1960s. There is an individual folder(s) for each mill community which often contains detailed listings of the names of the purchasers of homes and the amount of the purchase, method of payment, and status reports related to the liquidation of all properties and transfer of funds held in account. In the case of the J.P. Stevens Corporation, there is considerable documentation from the mid-1980s related to the sale of Stevens property after the purchase of that firm. In most cases, there are plat maps of the mill community or other property at the time of sale, although some plats may have been drawn up several decades earlier. The plats and sale information provide a snapshot in time of the mill communities at the very moment when they were to be forever changed.

Dates

  • 1910 - 1977

Creator

Biographical Sketch

Alester Garden Furman III was born in Greenville, South Carolina, on January 3, 1918. He attended Greenville Public Schools and graduated from Amherst College in 1939. Furman received a MBA from the Harvard Business School in 1941. He served in the United States Marine Corps 1941-1945 and was discharged as a captain. Beginning in 1946, Furman worked for the Alester G. Furman Company, now known as The Furman Company which brokered securities, sold insurance and handled real estate transactions. He was its Resident 1961-1977 and Chairman of the Board, 1977-1986.

Furman has been active in many civic and state organizations such as serving as a member of the Board of Trustees of Furman University, the South Carolina - Commission on Higher Education, and the Center for the Performing Arts Advisory Board.

He married Mary Simms Oliphant in 1942 and together they raised four daughters.

Extent

33.7 Cubic Feet (16 document boxes, 2 oversize boxes, 1 box of photographs, 22 files of blueprints)

Language of Materials

English

Arrangement

The records are arranged alphabetically by the name of the textile firm.

Provenance

The Alester Furman Records were acquired from Alester G. Furman III in 1994, accession 94-58. The help of Dr. George Vogt, Director of the South Carolina Department of Archives and History, in obtaining this collection is appreciated.

Related Material

The Alester Furman Company sold the real estate of a number of textile firms for which Special Collections has other records including Mss 136 Clifton Manufacturing Company, Mss 162 Courtenay Manufacturing Company, and Mss 135 J.P. Stevens Company.

General Physical Description note

33.7 cubic feet (16 document boxes, 2 oversize boxes, 1 box of photographs, 22 files of blueprints)

Processing Information

The records were processed by Michael Kohl with the help of the student assistants Brian Martin and Lisa McAlister.

The conversion of this finding aid to Encoded Archival Description format was made possible with a grant from the South Carolina State Historical Records Advisory Board in 2009-2010. The finding aid was prepared for encoding by Jen Bingham.

Title
Alester Furman Company Records
Status
Completed
Date
2010 April 21
Language of description
Undetermined
Script of description
Code for undetermined script

Repository Details

Part of the Clemson University Libraries Special Collections and Archives Repository

Contact:
230 Kappa St.
Clemson SC 29634 U.S.A. US