The Age of Invention : a chronicle of mechanical conquest by Holland Thompson
page 38 of 190 (20%)
page 38 of 190 (20%)
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but a small part of this payment. The residue is promised me in
July next. Thus you see my RECOMPENSE OF REWARD is as the land of Canaan was to the Jews, resting a long while in promise. If the Nations with whom I have to contend are not as numerous as those opposed to the Israelites, they are certainly much greater HEATHENS, having their hearts hardened and their understanding blinded, to make, propagate and believe all manner of lies. Verily, Stebbins, I have had much vexation of spirit in this business. I shall spend forty thousand dollars to obtain thirty, and it will all end in vanity at last. A contract had been made with the State of Tennessee which now hangs SUSPENDED. Two attempts have been made to induce the State of No. Carolina to RECIND their CONTRACT, neither of which have succeeded. Thus you see Brother Steb. Sovreign and Independent States warped by INTEREST will be ROGUES and misled by Demagogues will be FOOLS. They have spent much time, MONEY and CREDIT, to avoid giving me a small compensation, for that which to them is worth millions." Meanwhile North Carolina had agreed to buy the rights for the State on terms that yielded Whitney about thirty thousand dollars, and it is estimated that he received about ten thousand dollars from Tennessee, making his receipts in all about ninety thousand dollars, before deducting costs of litigation and other losses. The cotton gin was not profitable to its inventor. And yet no invention in history ever so suddenly transformed an industry and created enormous wealth. Eight years before Whitney's invention, eight bales of cotton, landed at Liverpool, were seized on the ground that so large a quantity of cotton could not have been produced in the United States. The year |
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