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for Fries, Francis Henry, 1855-1921
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Francis H. Fries is an initial member of the North Carolina magazine Business Hall of Fame. He was an early leader in North Carolina's textile and railroading industries but is remembered best as the guiding genius of Wachovia Bank and Trust Company, North Carolina's first statewide bank.
Henry E. Fries from Winston-Salem was an influential businessman during the late 1800s. The article touches on his more noteworthy contributions including the first water generated power plant built in 1897 on Yadkin Shoals, fourteen miles from Winston-Salem. Also of interest, is Mr. Fries' interaction with Thomas Edison who, at that time, was interested in mining tungsten in the state.