The early English cotton industryDaniels, George W. (George William)
History
The early English cotton industry
Daniels, George W. (George William)
Cotton machinery; Cotton trade -- Great Britain
Throughout the proceedings Crompton had studiously refrained from
expressing any opinion as to the sum to which he thought himself
entitled, trusting rather to “British generosity” and “to the dignity
of the giver and the merit of the receiver,” but it is clear that
he was bitterly disappointed with the amount of the grant.[472] It
can hardly have come as a surprise to his friends, although it is
equally clear that they thought that he ought to have received at least
double the amount. The statement of Mr. Lee that “Crompton’s plain
appearance has been in his favour by inducing the members to suppose
that he would be satisfied with a small grant and therefore they were
willing to assist him” is significant both as regards gaining their
support of a grant, and its amount, although it is hard to believe that
the £10,000 which Mr. Lee thought reasonable would have roused much
opposition.[473] Moreover, although the suggestion of Mr. Giddy that
the £5000 should be paid without any fee or deduction was included in
the final resolution, it appears that it was not strictly carried out,
and that the sum Crompton actually received was considerably reduced by
expenses.[474]
[Footnote 472: French, _ibid._, pp. 188-189. _Infra_, pp. 176, 182.]
[Footnote 473: _Infra_, p. 192.]
[Footnote 474: French, _ibid._, pp. 187-188.]
After the grant had been made, anxious to provide for his sons,
Crompton embarked upon the bleaching business, with two of them as
partners, at Over Darwen, four miles from Bolton. He also entered
into a partnership with another son and with a Mr. Wylde, as cotton
merchants and spinners, while with two other sons he continued his
old business of spinning and manufacturing at Bolton.[475] As regards
the bleaching concern, “the unfavourable state of the times, the
inexperience and mismanagement of his sons, a bad situation, and a
tedious lawsuit, conspired in a very short time to put an end to this
establishment.”[476] The business into which he had entered with his
son and Mr. Wylde appears to have succeeded little better. After a
considerable loss the partnership was dissolved, and Crompton’s son,
taking £1500 as his share of capital, set up in business on his own
account at Oldham, which again was a failure. Even in the concern at
Bolton there was disharmony, and ultimately the sons left it and
Crompton carried it on alone.[477]
[Footnote 475: French, _ibid._, pp. 196-198.]
[Footnote 476: Kennedy, _ibid._, p. 323.]
[Footnote 477: French, _ibid._, pp. 199-200.]
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