ABSTRACT
The above extract from the fifth annual report truly says that it originated from the fears of a portion of the trade, for the inauguration meeting was not large, and the subscriptions did not indicate any wide spread belief in its necessity. And, although it was predicted at the meeting that, at the then rate of consumption, there would not be a bale of cotton left in Liverpool at Christmas, yet one of the largest manufacturers present declined, for want of time, to act upon the committee. With the prospect, that in a few months all his mills would have to stop for want of cotton, he had not time to devote to seeking out a remedy for the evil Of such material are the mass of mankind made: the present moment is everything, the future nothing to them; and it is continually to the few active, sensitive, and patriotic spirits, that the world is indebted for its onward progress.
