The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-06-06

properly OIL hlF iichIeB whereas The late Mr. Al.
wright was possessed Of landed estates % the ,an.
perhaps Of one two millions beyond the ap,,.l
which the personally is rated Immensely vein.
the Barings, the Rothsehilds, the Hope. ,l
Of Europe, there Is not has no. been one That r.i
be placed at all IN the comparison not ali lie No.,
nifcent fortunes drawn out Of With all the waste
ita remaining still M the princely house Of B,lr
would perhaps all combined reach TO the au0,,11
not all the splendid capitals Of al the Roslh,el,rI
throughout Europe, together, equal prObab, mon,
than one-half the enormous mass Of accumu,,I
boards left behind by the late Mr.. Arkwrigbt
Out OF Europe, the only capitalist who could ,
proach The comparison would be MIR Astor of NJ
York, whose name will be familiar with ali 'rayel..
from the massive and magnificent pile Of buildo,
which, as Aslor's Hotel has administered ~ 1s
convenience building which, Of the desc,ir,,
and for the special use, stands unparalleled M iI.
world with this paalial structure IL must be uo5
stood that Mr. Aston neither was, nor IS, otLcry
connected than planner and proprietor anil
forming part OF his vast estate. The report, cur.
about the enormous wealth created and accumYl.,.t
by this extraordinary man, carry IL as high as ,yte
or seventeen millions Of dollars, say four uii,
sterling; but Of course while he is living Nh. @
only be matter Of conjecture, though perhaps not
from the truth
dote has been 10 circulation ia the United Sr,,,
During the life time Of the late Stephen Girard ,,i
from poor outcast exile from ST. Domingo DIM,
out by the former slave population became + cgrsi
blHhtT OF IblIdlelpiia.
Of something like rival contention between the nnr
OF Philadelphia and New York which pos,.s..d r
y eatest capitalist that is which was the more y
thy man. Grard or Astor. Doubtless the oue.t,,
was not without lis interest 70 The money max ,., nan
lies themselves The death of one or the other or If
both, could, however, alone solve the speculate,
and in the lormer then only to the survivor !,
cordlngy on the death of Stephen Girard son,r,r.
ago, the actual extent Of his wealth was yerGra III
ihe publication OF his testament by which the large,
proportion was bequeathed for the establishment and
support OF literary and public institutions WIer Ar
Aston was informed that the total sum sof Cir,rI.
wealth reached only to some eleven or twelve m,lhr
OF dollars, he is reported TO have exhibited slgn. M
satisfaction, and IN an under tone, if speakin, To
himseii, 10 have remarked " that would not do
meaning Of course that ii did not come uni The moi
OF his own prodigous possessions
The late Mr.. Richard Arkwrght was the only son
.. or hchafd Arkwrght, the founder and father Of
the factory system as II now exists He sIcce,d
ca 10 all te possessions and numerous spinning acto
ries on the death OF Sir Richard in 1899 then estiu
ted at the value, capital stock included of abopt ba
a million sterling As the profits of cotton spinuj
then, and for years afterwards, were counted by SIN
nes per pound, instead Of by firthngs, as now. ey.
cept now IN the finer counts, il may be safely assert
ed tha by ms extensive spinneIes IN Crawford Bake.
well, and Manchester alone, he could not have dery
ed a less clear income than Clio ZOO per annum-
The extensive works at Manchester he dispused If
some time afterwards in favor Of his maDager.
Messrs Burton and Simpson, who both realized large
fortunes. He gave up the spinning works al Bake
well some five six years ego only. to parties WHO
1t Is believed had been long IN his service but tbo.e
at Cranlord, near his own residence he carried on a..
understood, TO the time of his death
Mr.. Richard Arkeright, besides various other CON
Germs highly prosperous for the most part wa. The
principal # not sole proprietor of some blinking e.
adjustments IN the counties ofDerby and nottingham
From taste and not from niggardy notions of saving
he iiVed without the least osteniaous display the
scale OF his household expenditure supposed not 10
have exceeded $4,000 per anGum, of which the lar
ger portion was laid upon his gardens, on which he
prided himself; SO that by the natural and euuabe
force OF accumulation during 50 wears even had not
one pound OF surplus income been re-inye.ted and
made to bear interest," he must still have been posses
sed OF millions
He was probably The last Of the historic names CON
nected and coeval with the foundation of what are
now designated the factory and power systems The
Late oil those hrst fathers of the cotton spinning and
manufacturing system who have most contribute, 10
its progress and prosperity by their inyent.on. i'm.
provements or enterprise has however been very d..
similar and unequal The late Sir Rober, Peel ub.
may he esteemed the head if not the parent of ca
printing, realized and bequea,hed fortune W ,
''s de~s-A~..s. TLe .,,vuntIiu OF wealth accumul,-
ted by MIR Arkwright has already been referred 10
But Hargreaves the inventor of the spinning Jenny
lived and died IN but mddlIng circumstances Same
CromPton, the inventor Of the Z" mulen frame which
has carried the art of spinning warn TO its gre,e.
perfection, died IN poverty, notwth landing par
liameniary grant Of e5000 in 1919, which melted
away through tie misfortunes of his sons In the bus,
ness IN which, by means of this grant he established
them.
And lastly, the late Mr.. VIM Radcliffe. OF Stock
port (whose death occurred only last year) the r
yenior OF the dressing machines" aud veritabIe f
ther OF the power loom" system for until the croh
Of that invention the power loom was po erless and
impracucah'e, persisted in almost abiect poverty . a
fact rejecting small dscredit on the opueni mann
lActureTs of Mangle~fer ho
OF his invention by the inscriptions appropriation of
which They enriched Themselves might surely have
let fall few crumbs from their own overloaded "A,
pies TO comfort the old age and penury Of the man
they contributed TO sink into pauperism Nor lu.
deed IS such melancholy fact more creditabe 10 a
great nation, or government welding its dc,tinir.
The Board oil Trade, or the Treasury did indeed
we record the fact with the deepest feelings Of .r
SOW and shame-at the last moment, through some
indirect application, some member of Parliament II
is reported, award the beggarly sum of on, 6,,udr3
and tJfy pounds, once told not even annual m ac-
acknowledgement, ~ first, iul aud final acouittance on
the deserts and claims Of man whose invention,
fruits 81 the unremittng application Of the labor In
genuy and outlay OF consecutive years have On.
riehed the capital Of the country with scores II NOT
hundreds, Of millions and afforded employment T.,
hundr DIS OF thousands Of an industrious popuatiop
Fast progressing TO his eigheth year, and borue
down by age, misiorunes, and infrmity when the in
tellgence OF THIS munihcent token of national re-
membrance was broken TO him, IL proved loo much
Tor The suffering old man II was like mockery upon
misery and so poor Mr. Radcliffe drew his last
breath on the very day, it is said but il not, within
one or two days after the one hundred and fh,
pounds came opportunoly and mercfully to provide
coffin aud gravest ne for the dead, aud save from
the scandal Of parish pauper burial; che asked for
bread-ihey gave him stone"
lie was a real inventor and of an original mocha
nical genius. Wonderful as were the sagacity and
enterprise Of Sir Richard Arkwright, and extfaordI-
nary as The Improvements he effected in the nvcn-
ions oil Others he was, 10 respect Of inventions but
hc gatheror and disposer Of other n,on,s sg :, N,
report OF The great and final trial in respect Of his
patents m 1885, the folio edition Of which is now be-
fore US, establishes the fact That great trial, 1t
may be remarked, Is the foundation Of the "patcnr