JQuery Text Limiter Not Working?

I am using the textLimiter jQuery class (http://plugins.jquery.com/project/jQueryTextLimiterCounter) and I can not get it to work. I am using the demo as a walk through and here is what I have so far.

Master Page:

<script type="text/javascript" src="~/JQuery/jquery-1.4.1.min.js"></script>
<script type="text/javascript" src="~/JQuery/textLimitCount.js"></script>

Page to use the limiter:

Content Place Holder for Head:

<script type="text/javascript">
$(document).ready(function () {
$('#txtTest1').textLimiter();
});
</script>

Content Placeholder for Body:

<textarea id="txtTest1" rows="5" cols="50">