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Collection Number: 04605

Collection Title: Washington Group, Inc., Records, 1977-1982

This collection has access restrictions. For details, please see the restrictions.

This is a finding aid. It is a description of archival material held in the Wilson Library at the University of North Carolina at Chapel Hill. Unless otherwise noted, the materials described below are physically available in our reading room, and not digitally available through the World Wide Web. See the FAQ section for more information.


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Size 8.5 feet of linear shelf space (approximately 4,500 items)
Abstract The Washington Group, Inc., of Winston-Salem, N.C., was assembled in 1973 by R. J. Reynolds heir Smith W. Bagley and James R. Gilley and was composed of numerous companies, including Washington Mills of Virginia, Mayberry Ice Cream Shoppes, High's of Richmond, Johnston Mills Company of Charlotte, Diener Corporation of Pennsylvania and Oklahoma, and various retail outlets. The collection consists of records relating to the Chapter X bankruptcy of the Washington Group, Inc., food and textile conglomerate, chiefly collected by Richard A. Gilbert of Greensboro, N.C., who was appointed company trustee when bankruptcy proceedings began in 1977. Included are reorganization plans, files on individuals important in the proceedings, financial reports, and clippings. Also included are materials documenting various lawsuits and other actions related to the bankruptcy, ranging from the trial of Bagley and Gilley on counts of fraud and stock manipulation and Gilley's suit against the banks that he charged had forced the Washington Group into bankruptcy, to investigations of Gilley's alleged financial dealings with a Wake Forest University basketball player and misconduct on the part of the judge in the stock fraud trial. There are also materials relating to Richard A. Gilbert's own 1982 claim against the Washington Group for additional compensation for his work during the four-and-a-half year bankruptcy struggle.
Creator Washington Group, Inc. (Winston-Salem, N.C.)
Language English
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Restrictions to Access
This collection contains additional materials that are not processed and are currently not available to researchers. For information about access to these materials, contact Research and Instructional Services staff. Please be advised that preparing unprocessed materials for access can be a lengthy process.
Copyright Notice
Copyright is retained by the authors of items in these papers, or their descendants, as stipulated by United States copyright law.
Preferred Citation
[Identification of item], in the Washington Group, Inc., Records #4605, Southern Historical Collection, The Wilson Library, University of North Carolina at Chapel Hill.
Acquisitions Information
Received from Richard A. Gilbert of Greensboro, N.C., in January and May 1992 (Acc. 92013, 92068) and in September 2005 (Acc. 100210).
Sensitive Materials Statement
Manuscript collections and archival records may contain materials with sensitive or confidential information that is protected under federal or state right to privacy laws and regulations, the North Carolina Public Records Act (N.C.G.S. § 132 1 et seq.), and Article 7 of the North Carolina State Personnel Act (Privacy of State Employee Personnel Records, N.C.G.S. § 126-22 et seq.). Researchers are advised that the disclosure of certain information pertaining to identifiable living individuals represented in this collection without the consent of those individuals may have legal ramifications (e.g., a cause of action under common law for invasion of privacy may arise if facts concerning an individual's private life are published that would be deemed highly offensive to a reasonable person) for which the University of North Carolina at Chapel Hill assumes no responsibility.
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The following terms from Library of Congress Subject Headings suggest topics, persons, geography, etc. interspersed through the entire collection; the terms do not usually represent discrete and easily identifiable portions of the collection--such as folders or items.

Clicking on a subject heading below will take you into the University Library's online catalog.

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expand/collapse Expand/collapse Historical Information

The Washington Group, Inc., of Winston-Salem, N.C., was assembled in 1973 by R. J. Reynolds heir Smith W. Bagley and James R. Gilley and was composed of numerous companies, including Washington Mills of Virginia, Mayberry Ice Cream Shoppes, High's of Richmond, Johnston Mills Company of Charlotte, Diener Corporation of Pennsylvania and Oklahoma, and various retail outlets.

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expand/collapse Expand/collapse Scope and Content

The collection consists of records relating to the Chapter X bankruptcy of the Washington Group, Inc., food and textile conglomerate of Winston-Salem, N.C., chiefly collected by Richard A. Gilbert of Greensboro, N.C., who was appointed company trustee when bankruptcy proceedings began in 1977. Included are reorganization plans, files on individuals important in the proceedings, financial reports, and clippings. Also included are materials documenting various lawsuits and other actions related to the bankruptcy, ranging from the trial of Bagley and Gilley on counts of fraud and stock manipulation and Gilley's suit against the banks that he charged had forced the Washington Group into bankruptcy, to investigations of Gilley's alleged financial dealings with a Wake Forest University basketball player and misconduct on the part of the judge in the stock fraud trial. There are also materials relating to Richard A. Gilbert's own 1982 claim against the Washington Group for additional compensation for his work during the four-and-a-half year bankruptcy struggle.

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Contents list

expand/collapse Expand/collapse Records, 1977-1982.

About 4,500 items.

Note that original file folder titles have, for the most part, been retained.

Folder 1-9

Folder 1

Folder 2

Folder 3

Folder 4

Folder 5

Folder 6

Folder 7

Folder 8

Folder 9

Reorganization plans and various briefs #04605, Series: "Records, 1977-1982." Folder 1-9

Folder 10-20

Folder 10

Folder 11

Folder 12

Folder 13

Folder 14

Folder 15

Folder 16

Folder 17

Folder 18

Folder 19

Folder 20

Trustee files #04605, Series: "Records, 1977-1982." Folder 10-20

Folder 21-25

Folder 21

Folder 22

Folder 23

Folder 24

Folder 25

Chapter X bankruptcy #04605, Series: "Records, 1977-1982." Folder 21-25

Folder 26-29

Folder 26

Folder 27

Folder 28

Folder 29

Lawsuits #04605, Series: "Records, 1977-1982." Folder 26-29

Folder 30

Allman, C. E. #04605, Series: "Records, 1977-1982." Folder 30

Folder 31

Blackwood, W. A. #04605, Series: "Records, 1977-1982." Folder 31

Folder 32

Capretta, C. D. #04605, Series: "Records, 1977-1982." Folder 32

Folder 33

Friedman, W. S. #04605, Series: "Records, 1977-1982." Folder 33

Folder 34

Gilley, J. R. #04605, Series: "Records, 1977-1982." Folder 34

Folder 35

Legget, R. B. #04605, Series: "Records, 1977-1982." Folder 35

Folder 36-37

Folder 36

Folder 37

Reynolds, R. W. #04605, Series: "Records, 1977-1982." Folder 36-37

Folder 38

Sage, W. R. #04605, Series: "Records, 1977-1982." Folder 38

Folder 39

Vaughn, R. H. #04605, Series: "Records, 1977-1982." Folder 39

Folder 40

Zane, E. R. #04605, Series: "Records, 1977-1982." Folder 40

Folder 41-48

Folder 41

Folder 42

Folder 43

Folder 44

Folder 45

Folder 46

Folder 47

Folder 48

Financial reports and Peat, Marwick, Mitchell and Company correspondence #04605, Series: "Records, 1977-1982." Folder 41-48

Folder 49

Notes #04605, Series: "Records, 1977-1982." Folder 49

Folder 50-61

Folder 50

Folder 51

Folder 52

Folder 53

Folder 54

Folder 55

Folder 56

Folder 57

Folder 58

Folder 59

Folder 60

Folder 61

Clippings #04605, Series: "Records, 1977-1982." Folder 50-61

Folder 62-66

Folder 62

Folder 63

Folder 64

Folder 65

Folder 66

Miscellaneous #04605, Series: "Records, 1977-1982." Folder 62-66

Folder 67-70

Folder 67

Folder 68

Folder 69

Folder 70

Materials photocopied for R. A. Gilbert #04605, Series: "Records, 1977-1982." Folder 67-70

Plans of reorganization and documents relating to the sale of Mayberry and of Yarn Mills.

Folder 71-72

Folder 71

Folder 72

Stephenson, Kyle H.: Case B-82-00262C-11 #04605, Series: "Records, 1977-1982." Folder 71-72

Folder 73

Technic Engineering #04605, Series: "Records, 1977-1982." Folder 73

Folder 74-76

Folder 74

Folder 75

Folder 76

Friedman reorganization plan #04605, Series: "Records, 1977-1982." Folder 74-76

Folder 77-80

Folder 77

Folder 78

Folder 79

Folder 80

Trustee's reorganization plan #04605, Series: "Records, 1977-1982." Folder 77-80

Folder 81

Mayberry Corporation, 1979: B77-696 Plan of reorganization #04605, Series: "Records, 1977-1982." Folder 81

Folder 82-84

Folder 82

Folder 83

Folder 84

Trustees' reports, 1979-1981 #04605, Series: "Records, 1977-1982." Folder 82-84

Folder 85

Economic valuations #04605, Series: "Records, 1977-1982." Folder 85

Folder 86

Whispering Pines, Inc., 1981: Chapter 11 bankruptcy #04605, Series: "Records, 1977-1982." Folder 86

Folder 87

Day file, 1977-1982 #04605, Series: "Records, 1977-1982." Folder 87

Folder 88-90

Folder 88

Folder 89

Folder 90

Diary of time record, 1977-1982 #04605, Series: "Records, 1977-1982." Folder 88-90

Folder 91

Correspondence, 1982 #04605, Series: "Records, 1977-1982." Folder 91

Folder 92

English, W. Ike, P.E. #04605, Series: "Records, 1977-1982." Folder 92

Folder 93

Faison, O. William, Attorney #04605, Series: "Records, 1977-1982." Folder 93

Folder 94-95

Folder 94

Folder 95

Gilbert, R.A., Trustee #04605, Series: "Records, 1977-1982." Folder 94-95

Folder 96

History and problems #04605, Series: "Records, 1977-1982." Folder 96

Folder 97

Management personnel #04605, Series: "Records, 1977-1982." Folder 97

Folder 98

Mayberry Corporation: B-77-701 #04605, Series: "Records, 1977-1982." Folder 98

Folder 99

News articles #04605, Series: "Records, 1977-1982." Folder 99

Folder 100

Organization structure #04605, Series: "Records, 1977-1982." Folder 100

Folder 101

Mayberry Corporation: Deeds of Trust #04605, Series: "Records, 1977-1982." Folder 101

Folder 102-104

Folder 102

Folder 103

Folder 104

Peat, Marwick, Mitchell and Company: Reports #04605, Series: "Records, 1977-1982." Folder 102-104

Folder 105

Pension plan and agreement #04605, Series: "Records, 1977-1982." Folder 105

Folder 106

Prospective purchasers #04605, Series: "Records, 1977-1982." Folder 106

Folder 107-108

Folder 107

Folder 108

Reorganization: Chapter 10 #04605, Series: "Records, 1977-1982." Folder 107-108

Folder 109

Sale: Oklahoma plant #04605, Series: "Records, 1977-1982." Folder 109

Folder 110

Sale: Pennsylvania plants #04605, Series: "Records, 1977-1982." Folder 110

Folder 111-114

Folder 111

Folder 112

Folder 113

Folder 114

Tultex Corporation #04605, Series: "Records, 1977-1982." Folder 111-114

Folder 115

Monthly report, April 1981 #04605, Series: "Records, 1977-1982." Folder 115

Folder 116

Fair market value in place appraisal #04605, Series: "Records, 1977-1982." Folder 116

Folder 117-118

Folder 117

Folder 118

Liquidation value appraisal #04605, Series: "Records, 1977-1982." Folder 117-118

Folder 119-120

Folder 119

Folder 120

Important papers #04605, Series: "Records, 1977-1982." Folder 119-120

Folder 121

Hearing on trustees' plan of reorganization #04605, Series: "Records, 1977-1982." Folder 121

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Processing Information

Processed by: Roslyn Holdzkom and Denis Barrier, January and May 1992; Caroline Moakley, November 2008

Encoded by: Caroline Moakley, November 2008

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