Piedmont in Greenville County, South Carolina — The American South (South Atlantic)
Henry Pinckney Hammett
is erected by the
in commemoration of
Henry Pinckney Hammett
its originator and for
eighteen years its
President and Treasurer
Died May 8, 1891
noblest work of God."
holders, beloved by his
employees, and respected by all.
Erected by Piedmont Manufacturing Company.
Location. 34° 42.25′ N, 82° 27.617′ W. Marker is in Piedmont, South Carolina, in Greenville County. Marker is on County Road 182, on the right when traveling north. Touch for map. Marker is in this post office area: Piedmont SC 29673, United States of America.
Other nearby markers. At least 8 other markers are within 6 miles of this marker, measured as the crow flies. William Edgeworth Beattie (here, next to this marker); James Lawrence Orr (within shouting distance of this marker); Joe Ronnie Hooper (about 500 feet away, measured in a direct line); Luther Samuel Payne Pepper School (approx. 3.8 miles away); Pelzer Presbyterian Church (approx. 4.3 miles away); Big Creek Baptist Church (approx. 5.7 miles away); Donaldson Air Force Base / Captain John O. Donaldson (approx. 5.7 miles away). Touch for a list and map of all markers in Piedmont.
Also see . . . Piedmont Number One. Piedmont Number One is a former textile plant and former National Historic Landmark in Piedmont, Greenville County, South Carolina. (Submitted on February 7, 2011, by Brian Scott of Anderson, South Carolina.)
1. Piedmont Manufacturing Company
The most significant development in the history of Greenville County's cotton textile history is undoubtedly the founding of Piedmont Manufacturing Company by Henry P. Hammett. Scholar Broadus Mitchell noted the degree to which Hammett's undertaking influenced the future of the South: "It is clear that Hammett's Piedmont Factory...was a 'critical experiment.'" and that "the success of the mills of the south depended upon Piedmont."
Henry P. Hammett, business
The mill had five thousand spindles and 112 looms starting up, which was more than doubled in 1877. Before the stock subscription was completed, Hammett obtained machinery from John G. Whiten's Machinery Company of Massachusetts. Between 1875 and 1877, Whiten provided over $80,000 worth of machinery, granting Hammett two years to pay off his note and accepting stock
Piedmont was a success from its beginning, an example spurring investors across the South to establish similar factories. In August 1881, Hammett addressed the State Agricultural and Mechanical Society at the state Grance meeting in Columbia. Speaking of mill building, he noted investors could expect 15 to 20 percent net profit. Piedmont had paid a 50 percent stock dividend in January 1881. News of this astounding return on cotton mill investments attracted Southern capitalists to the cotton textile business, most without any knowledge or experience in factory management or operations. Two years later, Hammett less enthusiastically reported that already, too many yarn mills had been set up, overstocking the market with coarse yarn, the easiest product to produce.
Piedmont was a boon for the county in many ways. It provided general economic stimulation, created jobs and increased the value of manufacturing goods in the county from $350,000 in 1870 to $1,400,000 in 1880. Piedmont expanded three more times by 1895. It was a model enterprise and center of learning. A Piedmont apprenticeship was like a college education for aspiring
— Submitted February 7, 2011, by Brian Scott of Anderson, South Carolina.
Categories. • Industry & Commerce •
Credits. This page was last revised on November 16, 2018. This page originally submitted on February 7, 2011, by Brian Scott of Anderson, South Carolina. This page has been viewed 527 times since then. Last updated on November 13, 2018, by Jason Smit of Greenville, South Carolina. Photos: 1, 2, 3, 4, 5. submitted on February 7, 2011, by Brian Scott of Anderson, South Carolina. • Andrew Ruppenstein was the editor who published this page.