Wright consented to advance him a sum of money on condition of sharing in the profits of the invention. The machine, however, not being perfected so soon as they had anticipated, the bankers recommended Arkwright to apply to Messrs. Strutt & Need, the former of whom was the ingenious inventor and patentee of the stocking-frame. Mr. Strutt at once appreciated the merits of the invention, and a partnership was entered into with Arkwright, whose road to fortune was now clear. The patent was secured in the name of "Richard Arkwright, of Nottingham, clockmaker," and it is a circumstance worthy of note, that it was taken out in 1769, the same year in which Watt secured the patent for his steam-engine. A cotton-mill was first erected at Nottingham, driven by horses; and another was shortly after built, on a much larger scale, at Cromford, in Derbyshire, turned by a water-wheel, from which circumstance the spinning-machine came to be called the water-frame.
Arkwright's labours, however, were, comparatively speaking, only begun. He had still to perfect all the working details of his machine. It was in his hands the subject of constant modification and improvement, until eventually it was rendered practicable and profitable in an eminent degree. But success was only secured by long and patient labour: for some years, indeed, the speculation was disheartening and unprofitable, swallowing up a very large amount of capital without any result. When success began to appear more certain, then the Lancashire manufacturers fell upon Arkwright's patent to pull it in pieces, as the Cornish miners fell upon Boulton and Watt to rob them of the profits of their steam-engine, Arkwright
