The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-05-29
For the IInlnn
- FOr the Union.
EXHIBITION OF PROTECTED MANUFAc-
TURES-No q

II model eoiion mill and calico pri,.isry Every one
conyersanl with our early American literature ia
iamiar win me Letters Of an American Lady,
and "Letters nom the Mountains from The nen n,
the celebrated Mrs. Grant, of Lagean. This Iadv
who was daughter Of AN officer attached 10 t6e
British army, resided with her father al Charsston
>. G., and at Albany, until about the year I770'
when the latter was ordered home Ii was the good
fortune OF the writer TO visit her at her residence In
scotland, Immediately prior 70 her death, which
took place some fifteen years since Her reminis.
cenees OF events which happened before the reyou-
lion were as vivid as If Of yesterday, and she loved
to repeat the names Of Schuyler, Van Renssel aer.
ana Huger-names which had been borne by the
associates OF her youth. These were remarkable
names, she would say, but you have had renarka.
BILE men IN their way Of late Just preceding and
following the late war we had one such amongst
US, Mr.. Francis Lowell, Of Boston, who passed Dart
OF his time in Edinburgh and part in Glasgow; his
VISIT 10 the latter place being to famarze himself
WIN machinery Tor the manufacture OF cotton, then
ABOUT 10 be worked by steam power, with every
chance OF successfully competing with MACHINERY
then DOrksd by hand.
ny way OF episode-it may be useful to correct
an error which has become universal here that Eng
ana Ia III the maturity of her manufacture of cotton
power, whue us country ID in its infancy;
whereas the truth Is, that both countries started al
about the same period. As late as 1890 according
70 ade's Statistics Of the middle classes Of Eng
ANU mere were but twenty thousand power-looms
engaged IN the manufacture Of cotton in England
consuming between 80 900 and 100000 bags Of cot
oi VI ABOUT hye per cent OF the present production
OF the staple IN the United States alone We hone we
nave forever set at rest the contemplate cant Of our
Infant manufactures"
Mr.. Francis Lowell returned to Boston. and in
eonnexion with Patrick J. jackson, a man Of great
energy, and Paul Moody, a slnlful machinist 7pro.
'ege Of the celebrated Jacob Perkins Of steam-gun
memory projected the famous Waltham Cotton
manufacturing Company upon Charles river, eight
miles from Boston, "a corporation with shares of
900 each This establishment started in face of
heavy foreign competition-with a duty to protect
them not exceeding 25 per centthe manu- facture of
eoton shlrtlngs and sheetngs. The first dividend
was declared In October, 1917, Ia reasonable time
after starting, and amounted 10 seventeen per cent
or one hundred and seventy dollars the share From
October, 1917, TO October l624-seyen years inclu-
slye-the aggregate dividends were on each share.
hheen hundred and forty five dollars; or clean
profit OF one hundred and ffty.four and half per
cent.-leaving the capital entire.
With such unprecedented success, the natural
love OF extended influence and increased accumua-
ton Of wealth was stimulated; and new field for
enterprise sought for and found at the falls of the
river Merrlmack, at Chelmsford twenty-five miles
from Boston. Here Messrs Jackson and Mood y
transplanted themselves, and founded the town OF
Lowell, now famous as the leading manufacturing
focus in the United States; and with others estab
| llshed in 1922, the Merrimack Manufacturing Com
pany- joint stock corporation, for the manufac.
ture and printing Of cotton goods carried on by wa
ter" Its original capital was $500 900 which soon
after was increased to $4,000 00O and is still I'M
changed in this respect.
This we term the "model mill" ofthe country, and
propose to give its history to the public And first
to show It's success through all the fluctuations and
changes Of the past twenty years. we annex the div.
| blends on each share of Al 200;