page_title: Beverly Cotton Manufactory
section_title: Shutdown
hierarchical_section_title: Beverly Cotton Manufactory / History / Shutdown
caption_attribution_description: Photo of the Beverly Cotton Manufactory memorial.
context_page_description: Beverly Cotton Manufactory was the first cotton mill built in America, and the largest cotton mill to be built during its era. It was built hoping for economic success, but reached a downturn due to technical limitations of the then early production process and limitations of the machines being used. Being the birthplace and testing grounds of the cotton milling industry at the time, it has been called the birthplace of the American Industrial Revolution.
context_section_description: On January 11, 1798, John Cabot and Joshua Fisher, having bought all shares of the company, sold the five and three-fourths acres of land to Samuel Blanchard of Wenham for $2630.29. Blanchard operated the factory on his own account until March 21, 1801, when he sold one-third to George S. Johonnut of Baltimore for $1,011.01. On March 1, 1813, George Johonnot purchased another third of the land for $333.33. The deed attached to this mentioned that the machinery within the buildings were formerly used for the manufacture of cotton. A time prior to that deed on 1813, business had ceased and part of the machinery sold. It has been mentioned that the mill may have ceased operation during the Embargo of 1807, when commerce in Salem and Beverly was paralyzed. The old brick factory was burned October 13, 1828.
caption: Beverly Historical Society; Here the first cotton mill in America was built, 1787; incorporated February 3, 1789; visited by Washington October 30, 1789; burnt 1828; Charles Frederick Smith, Donor; 1897.
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