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foundations of future prosperity, was still struggling with the difficulties arising from insufficient capital. When Robert was only twenty years of age, he determined to begin the business of cotton-printing, which he had by this time learnt from his father, on his own account. His uncle, James Haworth, and William Yates of Blackburn, joined him in his enterprise; the whole capital which they could raise amongst them amounting to only about 500l, the principal part of which was supplied by William Yates. The father of the latter was a householder in Blackburn, where he was well known and much respected; and having saved money by his business, he was willing to advance sufficient to give his son a start in the lucrative trade of cotton-printing, then in its infancy. Robert Peel, though comparatively a mere youth, supplied the practical knowledge of the business; but it was said of him, and proved true, that he "carried an old head on young shoulders." A ruined corn-mill, with its adjoining fields, was purchased for a comparatively small sum, near the then insignificant town of Bury, where the works long after continued to be known as "The Ground"; and a few wooden sheds having been run up, the firm commenced their cotton-printing business in a very humble way in the year 1770, adding to it that of cotton-spinning a few years later. The frugal style in which the partners lived may be inferred from the following incident in their early career. William Yates, being a married man with a family, commenced housekeeping on a small scale, and, to oblige Peel, who was single, he agreed to take him as a lodger. The sum which the latter first paid for board and