Source: The Case of Mr. Richard Arkwright and Co., 1781, p. 23
“Mr. Richard Arkwright, after many years study, brought his spinning machinery to bear about 1768: he was a native of Lancashire; but fearing the same fate as Hargrave, went to Nottingham, and obtained a patent, dated 3 July 1769, for a machinery for making web or yarn of cotton, flax, or wool. He afterwards found it necessary to apply the same principles to the preparation, and took another patent, dated 16 December 1775, for certain machines for preparing silk, cotton, flax and wool for spinning. During five years after the date of his first patent, Mr. Arkwright and his partners expended 12,000 l in machinery and buildings before any profit was made. The last invention was a very important addition to the first; and by combining them, excellent yarn, or twist, was at last produced; but there was still much difficulty in establishing a trade; for the cotton manufacturers would not have the new yarn at any price, and the proprietors were obliged to weave the yarn, into stockings, and into calicoes; but the latter was restricted by the Excise, which rendered relief by an Act of Parliament necessary.”
The case, 1782
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Richard Arkwright 8
textile entrepreneur; developer of the cotton mill 1732–1792Related quotes
Source: The Case of Mr. Richard Arkwright and Co., 1781, p. 22-23
Source: The Case of Mr. Richard Arkwright and Co., 1781, p. 23-24
Speech in Greenock (7 October 1903), quoted in Julian Amery, Joseph Chamberlain and the Tariff Reform Campaign (London: Macmillan, 1969), p. 471.
1900s
Context: Free imports have destroyed this industry, at all events for the time, and it is not easy to recover an industry when it has once been lost... They have destroyed agriculture... Agriculture as the greatest of all trades and industries of this country has been practically destroyed. Sugar has gone, silk has gone, iron is threatened, wool is threatened, cotton will go! How long are you going to stand it? At the present moment these industries, and the working men who depend upon them, are like sheep in a field. One by one they allow themselves to be led out to slaughter, and there is no combination, no apparent prevision of what is in store for the rest of them. Do you think, if you belong at present to a prosperous industry, that your industry will be allowed to continue? Do you think that the same causes which have destroyed some of our industries, and which are in the course of destroying others, will not be equally applicable to you when your turn comes?
Source: The Cotton Manufacture of Great Britain, 1836, p. 234
he hopes to be relieved by Parliament, from the consequences of an unintentional error.
The case, 1782