"Mr. Richard Arkwright, after many years study, brought his spinning machinery to bear about 1768: he was a native of Lancashire; but fearing the same fate as Hargrave, went to Nottingham, and obtained a patent, dated 3 July 1769, for a machinery for making web or yarn of cotton, flax, or wool. He afterwards found it necessary to apply the same principles to the preparation, and took another patent, dated 16 December 1775, for certain machines for preparing silk, cotton, flax and wool for spinning. During five years after the date of his first patent, Mr. Arkwright and his partners expended 12,000 l in machinery and buildings before any profit was made. The last invention was a very important addition to the first; and by combining them, excellent yarn, or twist, was at last produced; but there was still much difficulty in establishing a trade; for the cotton manufacturers would not have the new yarn at any price, and the proprietors were obliged to weave the yarn, into stockings, and into calicoes; but the latter was restricted by the Excise, which rendered relief by an Act of Parliament necessary."
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Richard Arkwright
Richard Arkwright (23 December 1732 – 3 August 1792) was an inventor and a leading entrepreneur during the early Industrial Revolution.
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