Part I of Elijah Helm's article in the Economic Journal, answering a Blackwood's Magazine claim that the British cotton industry, especially in Lancashire, is in permanent decline. Using statistical tables on spindles, cotton consumption, yarn and piece-goods exports, cotton weight in exports versus home use, and loom numbers (roughly 1874-1892), he argues the industry has kept growing, slowly. He discusses the shift of spinning from North to South Lancashire, joint-stock spinning companies, and weaving sheds. The scan ends with the start of an unrelated short note, 'The Villa and the Manor'.