Lamb's textile industry of the United States, embracing biographical sketches of prominment men and a historical résumé of the progress of textile manufacture from the earliest records to the present time; . r ^ ^k .^ ^ ^ ^. Is 4 ^ ^ OF THE UNITED STATES 413 the name of the Merrimack Manufacturing Company, Feb. 5, 1822, witha capital stock of $600,000. The shares of the canal company were conveyed to the directors ofthe manufacturing company in trust, so that the old organization wascontinued. The Merrimack Manufacturing Company found it necessary for itsown use to build a dam across the river
Lamb's textile industry of the United States, embracing biographical sketches of prominment men and a historical résumé of the progress of textile manufacture from the earliest records to the present time; . r ^ ^k .^ ^ ^ ^. Is 4 ^ ^ OF THE UNITED STATES 413 the name of the Merrimack Manufacturing Company, Feb. 5, 1822, witha capital stock of $600,000. The shares of the canal company were conveyed to the directors ofthe manufacturing company in trust, so that the old organization wascontinued. The Merrimack Manufacturing Company found it necessary for itsown use to build a dam across the river, to enlarge the old PawtucketCanal and build a branch canal. This being accomplished, they, in 1825,sold all of the land and waterpower not required for their own purposesto the Proprietors of the Locks and Canals on Merrimack River. The latter company made the necessary new canals to bring the waterpower into use. They laid out the town and built many of the streetsand the necessary bridges. The Merrimack Manufacturing Companybuilt St. Annes Church in 1824. The above extract conveys an idea of how the Merrimack, the pioneermanufacturing enterprise of Lowell, began. The stock of the corpora-tion was distributed amon
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Keywords: ., bo, bookcentury1900, bookdecade1910, bookidlambstextileindu01brow
