Career
He was a prominent North Carolina industrialist who built the Alberta Cotton Mill in 1898 in Carrboro. The former factory building is now home to the Carr Mill Mall. He was part of a prominent family that settled in Orange County in the 1750-1760s.
After serving in the Confederate States Army during the Civil War in Company L, North Carolina 17th Infantry Regiment, Lloyd returned to his native Orange County.
He quickly recognized the economic possibilities of the newly constructed State University Railroad in the town of West End, which is now known as Carrboro, and bought property adjacent to the railroad. This building, currently known as the Broad Street Building, still stands between Carr Mill Mall and the former railroad depot.
In 1886, he bought out Pritchard"s share in the grist mill and cotton gin, and had a flour mill built on the property. In 1898, he built the Alberta Cotton Mill on the same property, spurring economic growth in the area.
Lloyd had numerous mill houses built for his workers, some of which are still historic points of interest in the town.
In March 1909, North Carolina industrialist Julian South. Carr purchased the Alberta Cotton Mill from Lloyd. They had a new mill constructed a few blocks south of the original Alberta Mill. Construction was completed by mid-1911.
This mill was also later purchased by Carr and the Durham Hosiery Mills.
Lloyd never learned to read or write until late in his life (having never received any formal education), though he displayed great business acumen and skill. At one point, Lloyd became the richest man in Carrboro and Chapel Hill.
Lloyd died May 24, 1911, in Chapel Hill, and is buried in the Bethel Baptist Church cemetery located on 9326 Bethel Hickory Grove west of Chapel Hill. There is a Thomas F. Lloyd Historic District (placed on the National Register August 14, 1986) in Carrboro that encompasses the mill village where residents of Lloyd"s 1911 mill lived.
