The following is a sketch of the operations of the three largest companies.
THE MERRIMACK Co.,-captial $1,500,000,- have an extensive print works, and
5 cotton mills. They run 34,432 spindles, 1,253 looms, give employment to 1321
females, and 437 males, and make 172,000 yards per week.
The LOWELL Co.,- capital $500,000, manufacture cotton, carpets, rugs, negro
cloths, &c. of a very superior quality. They run 4,500 or 5,000 spindles
in their cotton mills- 140 cotton and 68 carpet looms- employ 330 females, 150
males, and manufacture in the aggregate about 43,000 yards per week.
The LAWRENCE Co.,- capital 1,200,000, went into operation since either of the
above. They run at present four cotton mills, for the manufacture of sheetings
and shirtings, No. 14 to 30, 37 to 41 inch wide; another large mill and a bleaching
establishment are soon to be in operation.
The whole of the establishments consume yearly 11,239 tons anthracite coal;
4750 cords of wood, and 50,549 gallons of oil. The total amount of cloth made
is 39,170,000 yds. per ann. which requires in the manufacture about 12,256,400
pounds of cotton. In the bleacheries, &c. they use 310,000 lbs. of starch,
380 bls. of flour, and 500,000 bushels of coal per annum.
The average sum of money paid to the persons in these establishments, is $89,000
Besides the above, there are in this place, a flannel factory; the extensive
powder mills belonging to O. M. Whipple, card and whip factory, glass works,
furnace, &c. employing from 300 to 400 hands.
I believe it is decided on to commence shortly the erection of four
new mills, (not thirteen, as has been published,) on a canal now cutting
for the purpose. There will still be room and water in the place for five
more.- N.Y. Merc. Adv.