Thomas Michael Holt

Thomas Michael Holt (July 15, 1831 – April 11, 1896) was an American industrialist who served as the

In 1858, Thomas and his father acquired Benjamin Trollinger's bankrupt textile-manufacturing mill later known as the "Granite Mill" (located in Haw River, North Carolina). In 1861,^[5] Thomas acquired his father's interest in the mill and moved to Haw River to oversee the mill's operations. (Edwin Michael Holt had formerly manufactured the so-called Alamance Plaids, the first cotton goods produced in the South on power looms. Edwin M. Holt established his Alamance Cotton Mill in 1837, thus beginning the Southern textile industry.)^[6]

In 1868, Thomas's brother-in-law, Adolphus "Dolph" Moore, became business partners with Thomas and the operation was renamed Holt & Moore. In 1876, Moore was murdered, and the mills were consolidated as the Thomas M. Holt Manufacturing Company. (Other members of the Holt family were operating the Haw River Mills, Glencoe Mills, Carolina Mill, Lafayette Mill, the Pilot Mill of Raleigh, and others in their expanding family empire.)^[7]

After Thomas's death in 1896, his son, Thomas Jr., took over operations of the mills and expanded them. In 1900, the mills were organized by a local

Thomas's party affiliation was

As governor, he was actively involved in establishing a new system of county government, in the construction of the Western North Carolina Railroad and the Cape Fear and Yadkin Valley Railway as well as the North Carolina Railroad, which Holt served as president, as well as in increasing the funding for public schools, the university, and the state hospitals. He pushed for the establishment of an institution for the deaf at Morganton. An outstanding accomplishment was his getting the holders of bonds for the North Carolina Railroad to release the State from the lien on the State's shares. This saved the State money as the property was valued at more than $5 million. The Holt family had long ties to the railroad company, and these were undoubtedly useful in Holt's striking a deal with the bondholders. Following his service as governor, Holt sat on the boards of both the University of North Carolina and Davidson College.^[8]

In 1892, he was defeated by Elias Carr for the Democratic nomination for governor.

Holt was aided in the burgeoning Holt family mill empire by his brother-in-law, James Nathaniel Williamson, who had married Thomas Michael Holt's sister Mary.^[9] The Holt family eventually became the largest textile barons in the state, running scores of different mills, under various names, and as various Holt heirs and their in-laws broke off from the main enterprise and founded their own companies. Ultimately, however, the Holt mills were sold by the family and became the backbone of the emerging Burlington Mills (later Burlington Industries), overseen by rival industrialist Spencer Love.

Thomas Holt died in Haw River on April 11, 1896.[10]

References

External links

• Thomas Michael Holt
• A Brief History of Haw River, North Carolina
• The Holts of Alamance County, North Carolina, textilehistory.org
• Edwin Michael Holt Papers, The Southern Historical Collection, University of North Carolina Library
• Alamance County Historical Museum (Edwin M. Holt House), Alamance County, North Carolina
• The History of Alamance, The Holt Family, Sallie Walker Stockard, Capital Printing Company, Raleigh, 1900
• Thomas M. Holt, North Carolina Highway Historical Marker Program