Complex sentence: James W. Cannon, founder of Cannon Mills gave $300 towards the purchase of a building for the library and in early 1913, the board purchased a small brick building located on South Union Street for a total cost of $3000.
Split into simpler sentences: James W. Cannon, founder of Cannon Mills gave $300 towards the purchase of a building for the library. In early 1913, the board purchased a small brick building located on South Union Street for a total cost of $3000.