The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-04-22 00:00:00

THE LIVERPOOL COTTON TWIST AND POWER.
LOOM CLOTH COMPANY.
CAPITAL, £500,000, in 50,000 Shares of £lO each.

SOLICITOR.—Joseph Mallaby, Esq. /
GREAT as has been the increase of Manuf etures in this
country during the last few years, in la branch of our
productive industry, has such rapid strides een made, and
such astonishing results.produeed, as in t Manufacture of
Cotton. The facts would appear to be alm incredible toper-
sons not conversant with the Trade, did tl y not rest upon the
unquestionable authority. of official returns from the Custom-
house, and other authentic sources.

To 'go no further back than the last four years, it appears thw
the imports of Cotton Wool were—
In 1832 286;832,526 lbs.
„ 1833, ..303.656,837 „
„ 1834, 326,719,586 „
„ 1835 368,698,544 „
..... . _

Thus showitig an increase of the article imported in 1835, as
compared with the exportation of 1831, of Thirty-two Millions
of Pounds nearly!
Less than a century ago, the exports of Cottons from this
country were so trilling, as not to be named by any writer in
treating of the foreign commerce of the country at that period;
even so recently as half a century since, the exports of Cotton
were yet but small compared with the exports of Woollens ;
but such has been the extraordinary rapidity of the increase,
that the Cotton exports are now three times the exports of
Woollens, heretofore justly considered the Staple Manufacture
of the country, and the great source of its natural wealth.
Of this above-named immense importation it is no less
astonishing than true, that more than one half is again expor\ted
in the shape of Cotton Twist (Yarn and Thread) and Manu-
factured Piece Goods. The exports in 1835 were—
Piece Goods, 97,822,722 lbs Value, £12,279,107
Vain 82,457,885 „
'Thread..... 1,8,12,124 ~
1835—Total exports of Cotton Manufacture-182,122,7311b5.
„ Value
being equal to one-h4l of the whole exports of British Produce
and. Manufactures in the article of Cotton Goods alone !
The total value of the Cotton Manufactures of the kingdom
is estimated (by. MiCullock, Burn, and others) at £31,338.639
sterling: the Capital employed in it at £31000,000, of which
no less than £9,758.864 is embarked in Spinning Mills and
Machinery alone, and it affords employment and subsistence to
one million and a half of souls.
These facts shoW the great importance of the Cotton Manu-
facture, in a national pointof view, that it is also an extremely
lucrative one, is proved by the fact, that very large fortunes
have been made in the course of a few years, by individuals
who commenced the trade with but a very limited capital.
The seat of this, the Staple Manufacture of the country, is
the district of which Manchester may, he called the centre—
Manchester, the great storehouse from whence are supplied the
wants of all Europe, the vast continents of North and South
America, the myriadsof British India, and even the countless
millions of China. The great bulk of the raw mate' ial required
for this immense and rapidly increasing consumption is im-
ported at Liverpool, and a very large proportion of the exports
also, (which are annually increasing) especially those to Ame-
rica and the East Indies, are shipped at that port.
It has long been matter of surprise, that no Branch of the
Cotton Manufacture has been established at Liverpool. It
possesses all the advantages and facilities enjoyed by Man-
chester, or any part of the extensive district over which the
Manufacture is spread, with the additional ones of having the
Raw Material imported on the spot, thus saving the Carriage of
that article to the various parts of Lancashire, Yorkshire,
Cheshire, and Derbyshire, &c., to which it is transmitted ; and
also that of the Twist or Manufactured Goods, again returned
for Exportation at the port of Liverpool.
The extent of Steam-power that may be obtained at Liver-
pool is unlimited; it is equally well (if not better) supplied
with fuel, and is more intimately connected with the Iron Dis-
tricts than any part of Lancashire or Yorkshire; and these are
admitted to be three main requisites which combine to fix the
principal seat of the Cotton Manufacture in the north-western
part of England.

Liverpool has, moreover, a large and rapidly-increasing po-
pulation, for vast numbers of whom, especially the youth of both
sexes, the town affords no beneficial employment; while even
children, who can do nothing else for a livelihood, and who are
a burden to the poor-rates, may be profitably employed in a
Cotton Factory.
In Manchester and the surrounding district, on the contrary,
there is at this moment a great. want of hands to supply the
urgent demands for completing the extensive orders already re-
ceived; and it may be fairly stated, that in general the supply
of hands in the Cotton Factories is inadequate to the demand.
To supply this deficiency, and to afford to Liverpool an oppor-
tunity of profiting by the advantages, natural and accidental,
which it possesses in relation to the Cotton Trade, it is pro-
posed to establish a JOINT STOCK COMPANY, under the
above title and on the following conditions, viz. :
1. The Capital Stock of the Company to consist of £500,000,
in 100,000 Shares of £5 each,—the property to be vested in
Trustees, for the greater simplicity and convenience of the
commercial transactions of the Company.
2. As soon as 25,000 Shares shall have been subscribed for,
the Company shall be considered as formed, and an appropria-
tion of the Shares will take place, by the Provisional Com-
mittee, due regard being had to the interests of the Town of
Liverpool.
3. Each Subscriber, upon receiving his letter of appropria-
tier), to pay within seven days from the date thereof, a deposit
of two shillings and sixpence per Share, to the credit of the
Provisional Committee, to be applied to defraying the expense
of instituting the Company.
4. The Shares to be transferable, the holder of the receipt for
the deposit, and the Bankers' receipts for the subsequent calls,
to be deemed the owner of the Shares in respect of which
such deposit and call or calls shall have been paid, until a
formal and legal transfer can be made in the books of the
Company.
5. The affairs of the Company to be under the management
and controul of a Board of five Directors, to be chosen at the
first. General Meeting of the Subscribers; two of the Directors
to retire annually in rotation, but may be re-elected ; the
vacancies to be filled up at a General Annual Meeting convened
specially for that purpose.
6. At all General Meetings of the Company, the holder of
10 Shares to have one vote; 30 Shares, two votes; 60 Shares,
three votes; 100 Shares, four votes; and one vote for every
additional fifty Shares. A Subscriber may vote by his or her
proxy, in writing or print, signed with his or hey name, and
placed in the hands of any person, being a Subscriber, for that
purpose.
7. The Shareholders to pay a first call of £l. per Share to
the Company's Bankers within 21 days after the Directors shall
have been chosen; a second call of £1 per Share within 60
days afterwards ;'and the residue in such portions, and at such
times, as the Directors shall deem requisite, but three months'
previous, notice to be given of every such intended call. Fail-
ing to pay the first call, within the time specified, shall involve
the forfeiture of the Shares in respect of which it is payable;
interest to be charged after the time specified for the payment
of the second call, and the Shares to be forfeited if not paid
within 3(1 days after it becomes due.
8. A Deed of Settlement to be prepared, which shall contain
all necessary provisions for the security of the Shareholders,
and the general management of the affairs of the Company.
9. If at any time one-fourth of the subscribed capital should he
lost, the Company shall be thereby dissolved, unless a majority
of the Shareholders in number and value should determine
otherwise at a general meeting specially convened to consider
the suhject, and agree to pay the dissentients the then value of
their Shares.

10. In order that no unnecessary delay should take place in
bringing this Company into active operation, the Provisional
Committee shall have power to contract for the purchase of
Land for an eligible site for erecting the necessary Buildings,
to procure Plans and Estimates, and make such other prelimi-
nary arrangements as they may deem necessary.
Applications for Shares to be made, under seal, (post paid,)
addressed to " The Provisional Committee," at the Office of
Messrs. SUDLOW BROTHERS, Sharebrokers, 3d. Castle-street,
Liverpool, of whom Prosifectuses and Blank Forms of appli-
cations for Shares may be obtained.
*..-11 Form of Applications for Shares :
To the Provisional Committee of the Liverpool Cotton Twtst and
Powei -loom Cloth"Companli.
GENTLEMEN,—I request to have Shares
appropriated to me in the Capital Stock_ of your Company on
the terms of the PrOspectus..
Name at length,
Residence,
Trade or Profession,
Date,