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334 LOWELIi AND ITS OPERATIVES;.
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Two Hundred Years Ago, The Fawtuckets, A...
and should the writer now visit Lowell , lie would find the ehange as great as any we have already noticed . For a view of the . present
we will begin with the _COEPOKATIONS .
In Lowell , as in other large manufacturing places in New landthe ertinvested is owned hy joint stock companies ,
Eng with a treasurer , prop as the y responsible agent , and a superintendent or of the mills . The princile on which these corporations
have manager been established , has always p been " the filling of these im _^ portant offices with men of the highest character and talent which
could be obtained . It has been thought , and has been found to be the best to pay such salaries as will command the
entire services economy of such , men . The Directors properly consist of stockholders most largely interested in the management of their
Lowell own propert companies y : they were receive all ori nothing inally established for their on services the . princi _" The ple
that not more than two-thirds g of the capital should be invested in fixtures and machineryleaving one-third free to carry on the
business . With few excep , tions this , principle has not been encroached upon , and with an increase of machinery , there has been
a proportional increase of capital . The result has been that these business companies , and have the withstood shares the are greatest generall depressions y above par in manufacturing value . The *
statistics issued are compiled from authentic sources , for the year ending January , 1861 , before any of the works were suspended manufacturing for lack prosperit of cotton but . Not one a that year will perhaps afford of a fair the criterion greatest
y , of the manufacturing business of Lowell . "We will not burden our readers with these statistics , which detail the condition of the different
corporations , but will mention one by name- —the Merrimack . This commenced operations in 1823 with a capital of 600 , 000
dollars company . The business of printing calicoes , was then wholly new in this country . Mr . John D . Prince , of Manchester , England , was
induced to come out with his family , in 1826 , to take charge of the print 1855 -work He s , was and then conti relieved nued in b the a service younger of man the from comp , any the more until
active . duties . On account of his y long services , and the great skill and success with which he had conducted that department , he was
annum hy the Directors for life . granted The old an process annuit of y of printing two thousand by block dollars s of wood per
was then giving way to the more recent improvement of printing _Tby the cylinder . The engraving of these cylinders was a most im-
Eng portant was land then part solel kept y of a for very the the process close purpose mystery , and of Mr , engag and . Boott all ing exportation made engravers one . voyage of The machit art to
nery was prohibited . D | r , Samuel L . Dana , from Waltham , was
334 Lowelii And Its Operatives;.
334 _LOWELIi AND ITS OPERATIVES ; .
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Citation
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English Woman’s Journal (1858-1864), July 1, 1863, page 334, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ewj/issues/ewj_01071863/page/46/
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