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As the new century opened, Selma felt the effects of a turn down in the economy with cotton selling for 5 cents a pound. It was reported that an eighteen and a half acre farm was not acceptable as security for a $300.00 loan. However, this depression did not stop the growth of the community, for in 1901 Selma Manufacturing Company was organized and three months later declared a two percent dividend., This firm, with M. S. Winston as president, had a general wood and blacksmith shop and manufactured buggies and wagons.
According to Mr. Joe O’Neal who came to Selma in 1900, there was little on the north side of the railroad tracks. He further stated that the area of the present Norton’s Store was a very popular spot since it was known as the “showground” area. One of the most fascinating things there was a merry go round which came in with the circus season.
In that same year, 1901, social life of the community included a presentation of “Diamonds and Hearts” by the Selma Dramatics Club at Academy Hall. Taking ,part were Mrs. J. A. Spiers, Miss Fanny Jackson, Miss Nannie Richardson, Miss Lelia Parker,’ Mr. W. Hare, Mr. H. Preston, Mr. W. H. Call.
From the History of Selma - Centennial Program.
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