large sum. But the profits realized by the manufacturers of lace were very great, and the use of the machines rapidly extended; while the price of the article was reduced from five pounds the square yard to about five pence in the course of twenty-five years. During the same period the average annual returns of the lace-trade have been at least four millions sterling, and it gives remunerative employment to about 150,000 workpeople.
To return to the personal history of Mr. Heathcoat. In 1809 we find him established as a lace-manufacturer at Loughborough, in Leicestershire. There he carried on a prosperous business for several years, giving employment to a large number of operatives, at wages varying from 5l. to 10l. a week. Notwithstanding the great increase in the number of hands employed in lace-making through the introduction of the new machines, it began to be whispered about among the workpeople that they were superseding labour, and an extensive conspiracy was formed for the purpose of destroying them wherever found. As early as the year 1811 disputes arose between the masters and men engaged in the stocking and lace trades in the south-western parts of Nottinghamshire and the adjacent parts of Derbyshire and Leicestershire, the result of which was the assembly of a mob at Sutton, in Ashfield, who proceeded in open day to break the stocking- and lace-frames of the manufacturers. Some of the ringleaders having been seized and punished, the disaffected learnt caution; but the destruction of the machines was nevertheless carried on secretly wherever a safe opportunity presented itself. As the machines
