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Francis Cabot Lowell (April 7, 1775 [1] – August 10, 1817) was an American businessman for whom the city of Lowell, Massachusetts, is named. He was instrumental in bringing the Industrial Revolution to the United States.
In the early 1820s, Associates of the recently deceased Francis Cabot Lowell bought up the old Pawtucket Canal in what was then East Chelmsford, Massachusetts. Within a few years, the new industrial center that became Lowell was using canals feeding off a widened and deepened Pawtucket Canal as a direct power source for their textile mills.
The investors in the Boston Manufacturing Company having successfully built upon Francis Cabot Lowell and Paul Moody's work in building a successfully integrated cotton mill at Waltham, Massachusetts on the Charles River were looking for a site that offered more waterpower and the Pawtucket Falls offered what they needed. In 1821 they bought ...
The Merrimack Manufacturing Company is shown as dotted lines (demolished) at the Merrimack River end of the Merrimack Canal. After the death of Francis Cabot Lowell of the Boston Manufacturing Company, his associates (commonly referred to as the Boston Associates) began planning a larger operation in East Chelmsford, Massachusetts, along the Merrimack River.
Funders and organizers of the construction of India Wharf in 1803 on the waterfront near Long Wharf included Francis Cabot Lowell, Uriah Cotting, Henry Jackson, James Lloyd Jr., and Harrison Gray Otis. [2] [3] Builders completed the wharf in 1804. Architect Charles Bulfinch designed the building atop the wharf, completed in 1807. [4]
Francis Cabot Lowell died prematurely in 1817, and soon his partners traveled north of Boston to East Chelmsford, Massachusetts, where the large Merrimack River could provide far more power. The first mills formed the Merrimack Manufacturing Company and were running by 1823. [ 5 ]
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It was organized in 1813 by Francis Cabot Lowell, a wealthy Boston merchant, in partnership with a group of investors later known as The Boston Associates, for the manufacture of cotton textiles. It built the first integrated spinning and weaving factory in the world at Waltham, Massachusetts, using water power.