The tariffs of
1816 and 1824 gave a new and powerful impetus to the manufacture of
woolens and cottons in this country, and the Lawrences entered largely
into the sale of these goods on commission. In 1830, they became
interested in the cotton mills at Lowell; and on the establishment of
the Suffolk, Tremont, and Lawrence Companies, as well as subsequently in
other corporations, they became large proprietors. From this time their
business as selling agents was on the most extensive scale, and their
income from all sources large in proportion. They amassed large
fortunes, and won names which are the most precious heritages of their
children.
Perhaps the best exposition of the principles upon which these brothers
conducted their commercial operations is found in the following letter
from the elder to the younger, written on the 11th of March, 1815, upon
the occasion of a visit to England by the latter on business for the
firm:
MY DEAR BROTHER--I have thought best, before you go abroad, to
suggest a few hints for your benefit in your intercourse with the
people among whom you are going.
Pages:
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188