In 1931, Leroy Springs passed away and was buried on the Springs Cotton Mill property. His son, Elliott White Springs, took over the business and mill. With Elliott's reputation as a playboy who would rather be a writer than a textile man, not to mention the country being in the midst of the Great Depression, many people suspected the company would not survive. But it did, quite successfully. Under his leadership, the outdated machinery was replaced and the mills were consolidated under the name Springs Cotton Mills.
The two-story, century-old cotton mill, which sits on 30-plus acres, shut down in September 2003 after the company determined it was obsolete, and its design too inefficient to modernize.