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Encyclopedia > Francis Cabot Lowell
Boston Manufacturing Co., Waltham, Massachusetts
Boston Manufacturing Co., Waltham, Massachusetts

Francis Cabot Lowell (April 7, 1775 - April 10, 1817) was the American business man for whom the city of Lowell, Massachusetts, United States is named. Image File history File linksMetadata Boston_Manufacturing_Company. ... Image File history File linksMetadata Boston_Manufacturing_Company. ... April 7 is the 97th day of the year in the Gregorian calendar (98th in leap years). ... 1775 was a common year starting on Sunday (see link for calendar). ... April 10 is the 100th day of the year in the Gregorian calendar (101st in leap years). ... 1817 was a common year starting on Wednesday (see link for calendar). ... Wall Street, Manhattan is the location of the New York Stock Exchange and is often used as a symbol for the world of business. ... Chicago from the air. ...   Settled: 1653 â€“ Incorporated: 1826 Zip Code(s): 01852 â€“ Area Code(s): 351 / 978 Official website: http://www. ...


He was born in Newburyport, Massachusetts, the son of John Lowell (1743-1802) and Susanna Cabot (1754-1777), and a member of the prominent Boston Lowell family, which included statesman John Lowell, Harvard University president Abbott Lawrence Lowell, civil war general Charles Russell Lowell, astronomer Percival Lowell, and poet Robert Lowell.   Settled: 1635 â€“ Incorporated: 1764 Zip Code(s): 01950 â€“ Area Code(s): 351 / 978 Official website: http://www. ... John Lowell ( June 17, 1743– May 6, 1802) was an American lawyer and jurist from Boston, Massachusetts. ... // Events February 14 - Henry Pelham becomes British Prime Minister February 21 - - The premiere in London of George Frideric Handels oratorio, Samson. ... --69. ... 1754 was a common year starting on Tuesday (see link for calendar). ... 1777 was a common year starting on Wednesday (see link for calendar). ... Nickname: City on the Hill, Beantown, The Hub of the Universe (The State House, according to Oliver Wendell Holmes, is the hub of the Solar System), Athens of America, The Cradle of Revolution Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area    - City 232. ... The Lowell family was founded in America by Percival Lowle (1571–1664); his grown sons John (1595–1647) and Richard (1602–82); and his daughter, Joanna Oliver (1609–77), when their families sailed from England to the newly established settlement of Newburyport on the north shore of the Merrimack... John Lowell ( June 17, 1743– May 6, 1802) was an American lawyer and jurist from Boston, Massachusetts. ... Harvard University (incorporated as The President and Fellows of Harvard College) is a private university in Cambridge, Massachusetts. ... Abbott Lawrence Lowell, portrait by John Singer Sargent U.S. educator, historian, and President of Harvard University (1909–33), Abbott Lawrence Lowell (January 1, 1856–January 6, 1943) was born to Augustus Lowell and his wife Katherine Bigelow Lowell at the families 10 acre estate in Brookline, MA. The Lowell... Charles Russell Lowell (2 January 1835-20 October 1864), American soldier, was born in Boston, Massachusetts. ... Percival observing Mars from the Lowell Observatory. ... Robert Lowell (March 1, 1917–September 12, 1977), born Robert Traill Spence Lowell, Jr. ...


Lowell graduated from Harvard College in 1793, and on November 2, 1798 married Hannah Jackson in Boston, Massachusetts, daughter of Jonathan Jackson and Hannah Tracy, with whom he had four children; three sons and one daughter. Harvard Yard Harvard College is the undergraduate section and oldest school of Harvard University, having been founded in 1636. ... 1793 was a common year starting on Tuesday (see link for calendar). ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 1798 was a common year starting on Monday (see link for calendar). ... Nickname: City on the Hill, Beantown, The Hub of the Universe (The State House, according to Oliver Wendell Holmes, is the hub of the Solar System), Athens of America, The Cradle of Revolution Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area    - City 232. ... Jonathan Jackson (June 4, 1743– March 5, 1810) was an American merchant from Newburyport, Massachusetts. ...


On a visit to British Isles in 1810-1812 at age 36, Lowell carefully studied the textile industries of Lancashire and Scotland. It appears that he went so far as to make detailed engineering drawings in the evenings, based on mechanisms he observed during the day's factory tours. Location of the British Isles Great Britain, Ireland and several thousand smaller surrounding islands and islets form an archipelago off the northwest coast of continental Europe which is most commonly known as the British Isles. ... 1810 was a common year starting on Monday (see link for calendar). ... 1812 was a leap year starting on Wednesday (see link for calendar). ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Lancashire is a county in North West England, bounded to the west by the Irish Sea. ... Motto: (Latin for No one provokes me with impunity)1. ...


Upon his return to Boston in 1813, he joined his brother-in-law Patrick Tracy Jackson and Nathan Appleton to found the Boston Manufacturing Company (or The Boston Associates) in Waltham (1812; factory built 1813-14), the world's first textile mill in which all the operations for converting raw cotton into finished cloth could be performed. With Paul Moody he devised an efficient spinning apparatus and a power loom based on the British model but with technological improvements. 1813 is a common year starting on Friday (link will take you to calendar). ... Nathan Appleton (October 1, 1779 – July 14, 1861) was an American merchant and politician born in New Ipswich, New Hampshire. ... Waltham, Massachusetts Boston Manufacturing Company was organized during the War of 1812 by Boston merchants previously engaged in the India trade. ... The Boston Associates was one of the earliest investment capital companies in America. ... Often called the true birthplace of the industrial revolution, Waltham is a city in Middlesex County, Massachusetts, United States. ... Cotton ready for harvest. ... It has been suggested that Textile be merged into this article or section. ... Paul Moody (1779 - 1831) was a U.S. textile machinery inventor. ... The power loom was designed in 1784 by Edmund Cartwright and first built in 1785. ...


To raise capital for their mills, Lowell and partners pioneered a basic tool of modern corporate finance by selling $1000 shares of stock to the public. This form of shareholder corporation quickly became the method of choice for structuring new American businesses, and endures to this day in the well-known form of public stock offerings.


In 1814, the company built its first mill beside the Charles River in Waltham, housing an integrated set of technologies that converted raw cotton all the way to finished cloth. This Waltham mill was thus the forerunner of the 19th century American factory. Lowell also pioneered the employment of women, and particularly young women from New England farming families, as factory workers, in what became known as the Lowell system. He paid these "mill girls" lower wages than men, but offered attractive benefits including in well-run company boardinghouses with chaperones, cash wages, and benevolent religious and educational activities. 1814 was a common year starting on Saturday (see link for calendar). ... The Charles River from the Boston side, facing Cambridge and the main campus of Harvard University. ... The states marked in red show New England. ... Cover of the Lowell Offering illustrating the paternalistic atmosphere. ...


Although he died early at age 42, only 3 years after building his first mill, Lowell left his Boston Manufacturing Company in superb financial health. In 1821, dividends were paid out at an astounding 27.5% to shareholders. In 1822, Lowell's partners named their new mill town on the Merrimack River Lowell after their visionary leader. One of his sons, Francis Cabot Lowell Jr., continued to work in his father's footsteps. The coronation banquet for George IV 1821 was a common year starting on Monday (see link for calendar). ... 1822 (MDCCCXXII) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day-slower Julian calendar). ... The Merrimack River, formed by the confluence of the Pemigewasset River (left) and Winnipesaukee River (right) is shown on a map of the northeastern United States The Merrimack River (or Merrimac River, an earlier spelling that is sometimes still used) is a 110-mile-long (177-kilometer-long) river in...   Settled: 1653 â€“ Incorporated: 1826 Zip Code(s): 01852 â€“ Area Code(s): 351 / 978 Official website: http://www. ...


Further reading

  • Robert Sobel The Entrepreneurs: Explorations Within the American Business Tradition (Weybright & Talley 1974), chapter 1, Francis Cabot Lowell: The Patrician as Factory Master (ISBN 0-679-40064-8).

 
 

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