Table I. — Showing supply and consumption of cotton in the United States and Great 

 Britain — surplus stocks and average prices. 



[In bales.] 



1795. — A good quality of Georgia cotton offered in New York at Is. 6d. per pound. 

 The tliird cotton mill in the United States was erected in Rhode Island. (The first 

 was built at Beverly, Mass., in 1787, and the second at Providence, R. I., in 1791.) 



1798. — The first importation of East India cotton into Great Britain, Samuel 

 Slater builds the fourth cotton mill at Pawtucket, Mass. Cotton manufacturing 

 begun in Switzerland. 



1799. — The first mill with Arkwright machinery built in Massachusetts by Slater 

 and others. Cotton manufacturing begun in Saxony. 



1800. — The mills of the United States consumed 500 bales of 300 pounds each. 

 The ravages of the cotton worm first noticed. 



In his report to Congress (1836), Levi Woodbury, Secretary of the Treasury, esti- 

 mated the domestic consumption at 8,000,000 pounds, as in Table I, but only about 

 500 bales were consumed by the few factories then in operation. 



Prices. — As cotton was in great demand during this period, prices were conse- 

 quently very high. 



Table II. — Showing supply and consumption of cotton in the United States and Great 

 Britain — surplus stocks and average prices. 



[In bales.] 



1 The exports from Great Britain not included; hence the apparent discrepancy in the amounts of 

 surplus stocks. 



