Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-06-09
MISCELLANEOUS.
(Fron. the Washington Cn'on.)
EXHIBITION OF PROTECTED MAN

FAC III RE.S--4sO >.
A model ConoB .llH ant CaAeo i>tlneIg.-
Every one convcrsani with our eaiiV Amc-
rican literature is familiar With The Letters
or an American Lady" aud Letters tom
The Mountains" from The pen OF The ceiehra-
led Mrs. Grant, Of Lagsan. THIS lady, VINO
yeas a daughter OF an officer attached 70 me
British army, resided with her father al Cnafies-
ion s C.. and at Albany until about The year
ITO when the later was ordered home IL was
The good fortune OF the writer 10 WISH ner al ne!
residence in Scotland, Immediately f'lol 10 ner
death, which took place some Dl'een years SINCE.
Her remniscenc; OF events when napPened DE-
fore the revouilc1 were as vi:il a lci yesei-
day. and she ovei 10 repeat he names OF Schuy-
Low Van Rensselaer,. and liuser-names which
had been borne by me associates oi hei yon'h
These were remarkable names, she would say
IN, ron have had remarkable men IN ihelf way
~ l,ra Jus, preceding and following Inc laie
war We had one such amongst US, Mr. frdhcls
Lowell OF Boston, who passed part OF ms ''ihs IN
Edinburgh and part in Glasgow, his visi 10 the
latter place being to .1nliafize himself WIN ma
chinery for the manufacture OF cotton, thsh amour
10 be worked by steam power, win every chalce
oil successfully competing Win indShiHsy ''S"
rerksd By hand.
By way OF episode, it may be useiul 10 correct
an error which ha. become universal here, tnat
England is in the maturity OF her manufacture OF
cotton by steam power, while TINS country - IN NS
,,f,ne,. whereas the ruth is that both countries
started about the same period. a iaie as lou,
according 10 Mates statistics OF The Inldd'e
classes o. Eng and thee we're but twenty inon-
sand power aums engaged IN th- mahuiacinr-
OF cotton in England CONSUMING be'"een 9o,uUo
and 100 600 bags of cotton OF about five per cent
Of The PRESENT production o. The >lai lie ~ ihe Y.
States alnne We hope We nave forever sci q,
res. tns conlemplibie cant OF our infant manu-
tactures
Mr.. Francis Lowell returned 10 Boston, and,
in connection with Patrics J. Jackson. man OF
area, energy ami Paul Moody, ssiliul machl-
MIST (pro'ese of the celebrated Jacob Perkins oil
steam gun nerory,) projected The famous wal
than Cotton Manufacturing Company upon
Charles river, eigh, miles from Boston Ia corpo-
ration with shares OF l,G00 dollars each.) This
establishment stared in face OF heavy foreign
competiiion-wth duty 10 protect them no, ex-
ceeding % per ceni.-he manufacture OF cotton
shir,ines and shcetn@s. The hr>t dividend was
declared in Ociob !, 1917, "a reasonable Tine al
Ter s,arting) an, amounted 70 seventeen per
cent. or one hnniret and seventy dollars 'he
share. From October, ISL, T. October, lS2f-
seven years incluSive-the aggregate dividends
were, on each share, fifteen hundred and forty
FIVE dollars; or a clean profit of one hundred and
fAyfour and a halt per cent.-leavinS the capt.
tai entire
With such unprecedented success, the naturai
love of extended influence and increased accu-
mutation OF wealth was stimulated; and new
field for enterprise Sought for and found al The
falls of the river Merrimack at Chelmsford,
twenty-five miles from Boston. Here Messrs.
Jackson and Moody uan,planled themselves, and
founded the town Of Lowell. now famous asthe
leading manufacturing focus in the United States;
and with others, established in lo22 the Merri-
mack Manufacturing ComPany-"a joint stock
corporation, for the manufacture and printing!
cotton goods carried on bv water It's original
capital was 100000, which soon after was IN.
creased 10 81 900 000 and IS sill unchanged in
this respect
This we term The amoieI milf oil the country,
and propose 10 give lis history 10 the public. And
first 10 show lis success through all the huctua-
lions and changes OF The past twenty years we
annex the dividends on each share of 81 000