Suffering
The cotton industry had become highly specialised by the 1860s and the severity of the famine in different towns depended on many factors. Some towns were built around mills using short fibre American cotton, while others used the longer fibre Egyptian cotton that continued to be available. Some mills had mules that could be adjusted to use a different cotton, others did not. Owners of "integrateds" (mills that both spun and wove) could better balance the workload, thus preserving the precious raw material for longer. Some cautious millowners always held stock in hand, others bought as required.
The older paternalistic millowners who lived among the local community were quick to divert their neighbours and workforce to maintenance work at their own expense. For example, in Glossop, Lord Howard called a family meeting of millowners, clergy, and "respectable" residents to take charge of the situation. Two relief committees were formed which experimented unsuccessfully with soup kitchens then set about distributing thousands of pounds worth of provisions, coal, clogs and clothing. Calico printer, Edmund Potter, loaned money to his workers and Howard took on extra workers on his estate. They set up schools, provided free brass band concerts, and gave public readings from the Pickwick Papers and, after the enactment of 1864 Public Works Act, took a loan to extend the waterworks. The only recorded tension was when the Relief Committee mistakenly decided to auction, instead of distributing free, a gift of food from the American federal government.
Towns with room and power mills and a strong cooperative tradition were quick to mitigate the social damage. The firms using them would rent the space and buy the machines on credit; cotton was cheap and the profit from the cloth was used to pay off the loan and provide a return for the risk. When cotton was unavailable they were the first to go bankrupt. After the famine the need was for more advanced machines and bigger mills. The investment required was too much for many private mill owners, and limited companies built the new larger mills. Limited companies developed fastest in the areas with a room and power tradition. Municipal authorities did not have the legal power to borrow money to finance public works until the 1864 Act; before this they had to use their own reserves, which varied from town to town.
Read more about this topic: Lancashire Cotton Famine
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