Aragon Mill was established in 1898 by Wolcott & Campbell of New York and the community bearing its name was linked inextricably to the fortunes of the business. It was purchased by Augustus Julliard in 1900 and saw numerous improvements and significant expansion during his ownership. It became a United Merchants Mill in the 1930s and shut down in 1970. Several efforts to revive the mill were made over the next three decades but most of the complex was lost to fire on 6 August 2002. The smokestack, bearing the name Aragon, is the most significant remaining relic of the mill.

The American labor and social activist Si Kahn penned a song about the loss of mill village culture entitled “Aragon Mill” in the early 1970s.