Cotton Mill Owner
The McConnel family were owners of Sedgwick Mill, a large cotton spinning mill in Ancoats in the city of Manchester. The mill was built between 1818 and 1821 by the company of Messrs. McConnel & Kennedy under the chairmanship of James McConnel, William's father. James McConnel died in 1831 and three of his sons, Henry, James and Williams became partners in the business. By 1833 the mill was the largest importer of cotton from America, and one of the largest mills in operation in the United Kingdom. Henry retired from the business in 1860 and his brother James retired in 1861, leaving William as the sole owner of the mill.
The outbreak of the American Civil War in 1861 had a dramatic impact on McConnel & Kennedy. Raw cotton supplies from America were cut off, causing many Lancashire Mills to sharply reduce production or close completely. Sedgwick Mill held large stocks of raw cotton and continued in limited production. By 1863, with the war continuing, McConnel was looking for other enterprises to diversify his interests away from cotton spinning.
Read more about this topic: William Mc Connel
Famous quotes containing the words cotton, mill and/or owner:
“We are constituted a good deal like chickens, which, taken from the hen, and put in a basket of cotton in the chimney-corner, will often peep till they die, nevertheless; but if you put in a book, or anything heavy, which will press down the cotton, and feel like the hen, they go to sleep directly.”
—Henry David Thoreau (1817–1862)
“The despotism of custom is everywhere the standing hindrance to human advancement.”
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“When someone borrows an animal from another and it is injured or dies, the owner not being present, full restitution shall be made. If the owner was present, there shall be no restitution; if it was hired, only the hiring fee is due.”
—Bible: Hebrew, Exodus 22:14,15.