In every home, rich and poor, not only in Bolton but out at Farnworth, Kearsley, Over Hulton, Sharples, and Heaton the terrible catastrophe was viewed with abject terror. The mills would eventually close, without a doubt; if Manchester sent forth its mandate, then for the thousands of toilers it meant absolute starvation.
Those not at work assembled in groups in the vicinity of the Town Hall, and in Cheapside, Moor Street, Newport Street, Bridge Street, and the various central thoroughfares, eagerly discussing the situation, while outside Messrs. Tillotson’s, the Evening News office in Mealhouse Lane, the latest telegrams from London and Manchester were posted, being read by a great crowd, which entirely blocked the thoroughfare. The Evening News, with characteristic smartness, was being published hourly, and copies were sold as fast as the great presses could print them, while a special meeting of the Town Council was summoned and met at twelve o’clock to discuss what steps should be taken in case the mills really did close and the great populace were thrown on the town in anger and idleness.
The cotton trade was already feeling the effect of the sudden crisis, for by noon startling reports were reaching Bolton from Manchester of unprecedented scenes on ’Change and of the utter collapse of business.
Most mill-owners were already in Manchester. All who were near enough at once took train—from Southport, Blackpool, Morecambe, and other places—and went on ’Change to learn what was intended. Meanwhile, through the whole of Monday authentic reports of the enemy’s movements in Norfolk, Suffolk, Essex, and East Yorkshire were being printed by the Evening News, each edition increasing the panic in that level-headed, hard-working Lancashire town.
Across at smoky Wigan similar alarm and unrest reigned. On that Monday morning, bright and sunny, everyone re-started work, hoping for the best. Pearson and Knowles’ and the Pemberton Collieries were running full time; Ryland’s mills and Ekersley’s spinning mills were also full up with work, for there was an era of as great a prosperity in Wigan as in Bolton, Rochdale, Oldham, and other Lancashire towns. Never for the past ten years had the cotton and iron industries been so prosperous; yet in one single day—nay, in a few brief hours—the blow had fallen, and trade had become paralysed.
Spy mania was rife everywhere. In Oldham an innocent German, agent of a well-known firm in Chemnitz, while walking along Manchester Street about one o’clock, was detected as a foreigner and compelled to seek protection inside a shop. From Chadderton to Lees, from Royton to Hollinwood, the crisis was on everyone’s lips. Here again was the crucial question: Would the mills close?
Meanwhile, across at Liverpool, the wildest scenes were also taking place on ’Change. News over the wires from London became hourly more alarming, and this, combined with the rumour that German warships were cruising off the Mersey estuary, created a perfect panic in the city. The port was already closed, for the mouth of the river had been blocked by mines; yet the report quickly got abroad that the Germans would send in merchant ships to explode them and enter the Mersey after thus clearing away the deadly obstacles.
Liverpool knew too well the ridiculously weak state of her defences, which had so long been a reproach to the authorities, and if the German ships that had done such damage at Penarth, Cardiff, and Barry were now cruising north, as reported, it seemed quite within the bounds of probability that a demonstration would really be made before Liverpool.
Outside and within the great Exchange the excitement was at fever heat. The Bank Charter was suspended, and the banks had closed with one accord. Upon the “flags” the cotton-brokers were shouting excitedly, and many a ruined man knew that that would be his last appearance there. Every moment over the telephones came news from Manchester, each record more disastrous than the last. Hot, perspiring men who had lived, and lived well, by speculation in cotton for years, surged around the great pediment adorned by its allegorical group of sculpture, and saw each moment their fortunes falling away like ice in the sunshine.
Thus trade in Lancashire—cotton, wool, iron, and corn—was, in the course of one single morning, utterly paralysed, all awaiting the decision of Manchester.