Richard Arkwright quotes
To prevent his inventions getting abroad to foreigners, Mr. Arkwright purposely omitted to give so full and particular a description of his inventions, in the specification of his last patent, as he would otherwise have done, believing, from the concluding clause in the patent, that he need not so fully describe. His patent right being largely infringed, he was obliged to prosecute some infringers, although an association was formed to resist him; but on a trial in the King's Bench in July 1781 a verdict was given against him, on the ground that his specification was not as full and accurate as the law requires. Having established a business that already employs above 5,000 persons, and a capital of not less than 200,000 l.
Richard Arkwright
About the year 1767, one Hargrave, of Blackburn, in, and obtained a patent for his engine; but he did not even there long continue in the peaceable possession. His patent right was invaded, and he found it necessary to commence a prosecution; an association was soon formed against him; and, being unable to contend against the united power of a body of men, he was obliged to give up the unjust and unequal contest. His invention was cruelly wrested from him; and he died in obscurity, and great distress.
Richard Arkwright
The manufacture of yarn being at length full established, the demand for it became too great for the patentees to supply, and then they sold licenses very extensively, so that at least 60,000 l. has been expended in consequence of such grants. Mr. Arkwright and his partners have expended upwards of 30,000/. in buildings and machinery in Derbyshire, and above 4,000 /. in Manchester; and they have lost not less than 5,000 l. or 6.000 l.
Richard Arkwright
