The potential of water power on the Colorado River led town developer Gen. Adam R. Johnson and Farmers Alliance members to build a cotton mill on this site in the 1890s. The two-story stone factory, 300 ft. long and 100 ft. wide, was erected for the Marble Falls Cotton and Woolen Co., formed in 1892. New machinery run by hydroelectric power was installed by the Marble Falls Textile Mills Co. In the 1920s, woolen goods, surgical gauze, and air conditioners were made here before the factory was gutted by fire in 1964 and razed in 1971. (1977)