History of the City of Lawrence (Classic Reprint)

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Excerpt from History of the City of LawrenceIT is now but about fifty-three years since the first power loom was set in motion in America, at Waltham.* A bolder step in the interest of humanity had never been taken on this continent, and to Francis C. Lowell, Patrick T. Jackson and Nathan Appleton the industry of the country is most deeply indebted for that important enterprise. The loom had been constructed by Mr. Lowell from a description of an English machine, then kept a most profound secret from every one except the operative weaver. The dresser was also con structed by Mr. Lowell from drawings obtained in England, and in its first application was an improvement upon the English machine, and with only slight alterations both these machines, or rather machines made after their pattern, still in use in the mills of this country upon the fabrication of all plain goods. At the period to which we allude, common cotton goods were selling in Boston at about thirty-three cents per yard. Mr. Jackson told Mr. Appleton at the time that he would be satisfied with twenty-five cents, but so long as purchasers were willing to pay the additional rate at auction all domestic goods being then sold at auction - it. Was not in cumbent upon the manufacturers to fix a price upon their goods. Gradually the prices of common brown sheetings de clined as follows: 1816, 30 cents per yard, 1819, 21 cents per yard, 1826, 13 cents per yard, 1829, 8 1-2 cents per yard, 1843, 6 1-4 cents per yard.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.