The New Birmingham Lumber Company bought a sawmill complex from H. C. Laurence, J. E. Bagley, and J. W. Summers in 1893. Equipment included a 10-inch by 16-inch steam engine, a 9-inch by 14-inch steam engine, an Ames boiler, a Hall & Brown 24-inch planer, a Hall & Brown 24-inch resaw, a Hall & Brown self-feeder ripsaw, a self-feeder shingle machine, shafting, belting, paint, doors, sash and blinds, all lumber, and other hardware. In May, 1894, the company mortgaged for $1,088 with Tyler Car & Lumber Company the following: a S&H 44-inch by 12-foot boiler, a 56-inch circular saw, a #2 sawmill frame and 30-foot carriage, three head blocks, set works, dogs, shafting and a #1 shotgun feed.
The boom came to bust when the legislature excluded foreign capital in such corporate activities in the State of Texas. New Birmingham became a ghost town by the end of the century.