The Merrimack River: its source and its tributaries. Embracing a history of manufactures, and of the towns along its course; their geography, topography, and products, with a description of the magnificent natural scenery about its upper waters./ By J. W. Meader.

ITS SO UPCE A.VD ITS TRIBUTAlrIES.
for many years treasurer of the Boott and Massachusetts Mills:
was largely interested, and a director in several other companies."
"In 1836, the municipal government of Lowell was
changed to that of a city.".... "The Boston and Lowell
Railroad was among the first established in the United States. So
early as 1830, a committee was appointed on the subject, and a
bonus of one hundred thousand dollars was voted by the Locks and
Canals Company, payable on its completion."..... "It
was opened for travel in June, 1835, earlier than any other railroad in Massachusetts, for its entire length, and, with the exception
of the Camden and Amboy, to Bordentown, in the United States."
"In 1830, Samuel Lawrence, William W. Stone, and
others, were incorporated as the Middlesex Company, with a capital
of five hundred thousand dollars, - afterwards increased to one
million dollars, but subsequently reduced to seven hundred and fifty
thousand dollars,- and engaged in the manufacture of broadeloths,
cassimeres," etc.......... "The mismanagement of the
Middlesex Company's affairs, during many years, was astonishing.
The entire capital of the company was lost through the mistakes and
irregularities of Samuel Lawrence, William WV. Stone, and their
associates. In 1858 the company was reorganized, with new managers, and a new subscription of stock. Five hundred shares, of
the par value of one hundred dollars each, formed the capital with
which the Middlesex Company took their'new departure' in the
voyage of life."
Mistakes! and irregularities!! This last mild term, it has been
not inaptly observed, like charity, covers'" a multitude of sins."
When an unfortunate individual, under the pressure of the sternest
necessity, appropriates or "confiscates" a loaf of bread, or a bundle of fagots, the atrocious! crime is not only characterized in the
plainest and severest terms known to the "King's English," but the
culprit speedily receives a severe and "wholesome" judicial rebuke; but let some financial Guy Fawkes " blow up" an institution
whose capital is represented in millions, leaving the deluded and
ruined shareholders buried in the d6bris, and especially if he has
plenty of the not exactly definable commodity, professionally or
technically termed "character," his nefarious "transactions " are
* "Cowley's Lowell."
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