Arkwright now abandoned his business of hair collecting, and devoted himself to the perfecting of his machine, a model of which, constructed by Kay under his directions, he set up in the parlour of the Free Grammar School at Preston. Being a burgess of the town, he voted at the contested election at which General Burgoyne was returned; but such was his poverty, and such the tattered state of his dress, that a number of persons subscribed a sum sufficient to have him put in a state fit to appear in the poll-room. The exhibition of his machine in a town where so many workpeople lived by the exercise of manual labour proved a dangerous experiment;ominous growlings were heard outside the school-room from time to time, and Arkwright, - remembering the fate of Kay, who was mobbed and compelled to fly from Lancashire because of his invention of the fly-shuttle, and of poor Hargreaves, whose spinning-jenny had been pulled to pieces only a short time before by a Blackburn mob, - wisely determined on packing up his model and removing to a less dangerous locality. He went accordingly to Nottingham, where he applied to some of the local bankers for pecuniary assistance; and the Messrs. Wright consented to advance him a sum of money on condition of sharing in the profits of the invention. The machine, however, not being perfected so soon as they had anticipated, the bankers recommended Arkwright to apply to Messrs. Strutt and Need, the former of whom was the ingenious inventor and patentee of the stocking-frame. Mr. Strutt at once appreciated the merits of the invention, and a partnership was entered into with Arkwright, whose road to fortune was now clear. The patent was secured in the name of "Richard Arkwright, of Nottingham, clockmaker," and it is a circumstance worthy of note, that it was taken out in 1769, the same year in which Watt secured the patent for his steam-engine. Acotton-mill was first erected at Nottingham, driven by horses; and another was shortly after built, on a much larger scale, at Cromford, in Derbyshire, turned by a water-wheel, from which circumstance the spinning-machine came to be called the water-frame.
Arkwright's labours, however, were, comparatively speaking, only begun. He had still to perfect all the working details of his machine. It was in his hands the subject of constant modification and improvement, until eventually it was rendered practicable and profitable in an eminent degree. But success was only secured by long and patient labour: for some years, indeed, the speculation was disheartening and unprofitable, swallowing up a very large amount of capital without any result. When success began to appear more certain, then the Lancashire manufacturers fell upon Arkwright's patent to pull it in pieces, as the Cornish miners fell upon Boulton and Watt to rob them of the profits of their steam-engine. Arkwright was even denounced as the enemy of the working people; and a mill which he built near Chorley was destroyed by a mob in the presence of a strong force of police and military. The Lancashire men refused to buy his materials, though they were confessedly the best in the market. Then they refused to pay patent-right for the use of his machines, and combined to crush him in the courts of law. To the disgust of right-minded people, Arkwright's patent was upset. After the trial, when passing the hotel at which his opponents were staying, one of them said, loud enough to be heard by him, "Well, we've done the old shaver at last;" to which he coolly replied, "Never mind, I've a razor left that will shave you all." He established new mills in Lancashire, Derbyshire, and at New Lanark, in Scotland. The mills at Cromford also came into his hands at the expiry of his partnership with Strutt, and the amount and the excellence of his products were such, that in a short time he obtained so complete a control of the trade, that the prices were fixed by him, and he governed the main operations of the other cotton-spinners.
Arkwright was a man of great force of character, indomitable courage, much worldly shrewdness, with a business faculty almost amounting to genius. At one period his time was engrossed by severe and continuous labour, occasioned by the organising and conducting of his numerous manufactories, sometimes from four in the morning till nine at night. At fifty years of age he set to work to learn English grammar, and improve himself in writing and orthography. After overcoming every obstacle, he had the satisfaction of reaping the reward of his enterprise. Eighteen years after he had constructed his first machine, he rose to such estimation in Derbyshire that he was appointed High Sheriff of the county, and shortly after George III. conferred upon him the honour of knighthood. He died in 1792. Be it for good or for evil, Arkwright was the founder in England of the modern factory system, a branch of industry which has unquestionably proved a source of immense wealth to individuals and to the nation.
All the other great branches of industry in Britain furnish like examples of energetic men of business, the source of much benefit to the neighbourhoods in which they have laboured, and of increased power and wealth to the community at large. Amongst such might be cited the Strutts of Belper; the Tennants of Glasgow; the Marshalls and Gotts of Leeds; the Peels, Ashworths, Birleys, Fieldens, Ashtons, Heywoods, and Ainsworths of South Lancashire, some of whose descendants have since become distinguished in connection with the political history of England. Such pre-eminently were the Peels of South Lancashire.