. The story of textiles; a bird's-eye view of the history of the beginning and the growth of the industry by which mankind is clothed. t Canal Company, the stock of which heand Clark were empowered to buy, had been incorporatedin 1792 under the name of The Proprietors of the Locksand Canals on Merrimac River* for the purpose of makingthe Merrimac River navigable to Newburyport. Theconstruction in 1793 of the Middlesex Canal, however,which opened communication with Boston, was a barrierto the commercial success of the canal to Newburyport, sothat the proprietors built only a small canal for the
. The story of textiles; a bird's-eye view of the history of the beginning and the growth of the industry by which mankind is clothed. t Canal Company, the stock of which heand Clark were empowered to buy, had been incorporatedin 1792 under the name of The Proprietors of the Locksand Canals on Merrimac River* for the purpose of makingthe Merrimac River navigable to Newburyport. Theconstruction in 1793 of the Middlesex Canal, however,which opened communication with Boston, was a barrierto the commercial success of the canal to Newburyport, sothat the proprietors built only a small canal for the passageof wood and lumber around Pawtucket Falls. As the in-come to the original proprietors from the canal up to 1820had hardly averaged 3^^ per cent, a year, it was easy forMessrs. Boott, Appleton, Jackson, and the others to pur-chase the six hundred shares which represented a paid incapital of sixty thousand dollars. Patrick T. Jackson, Kirk Boott, Warren Dutton, PaulMoody, John W. Boott, and Nathan Appleton made theirfirst visit to the property November, 1821, during a snow-storm. One of the company remarked that they might.
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