FREE BOOKS

Author's List




PREV.   NEXT  
|<   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96  
97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   >>   >|  
, for behind all else in his character there lay the indomitable will, the do or die resolve. He had staked his life upon the hazard of a die and he would stand the cost. "But if we fail," often said the timid pair to him, as Macbeth did to his resolute partner, and the same answer came, "_We_ fail." That's all. "One knockdown will not finish this fight. We'll get up again, never fear. We know no such word as fail."[1] One source of serious trouble arose from Watt and Boulton having been so anxious at first to introduce their engines that they paid small regard to terms. When their success was proved, they offered to settle, taking one-third the value of the fuel saved. This was a liberal offer, for, in addition to the mine-owners saving two-thirds of the former cost of fuel consumed by the previous engines, mines became workable, which without the Watt engine must have been abandoned. These terms however were not accepted, and a long series of disputes arose, ending in some cases only with the patent-right itself. It was resolved that all future engines should be furnished only upon the terms before stated, Watt declaring that otherwise he would not put pen to paper to make new drawings. "Let our terms be moderate," he writes, "and, if possible, consolidated into money _a priori_, and it is certain we shall get _some_ money, enough to keep us out of jail, in continual apprehension of which I live at present." Imprisonment for debt, let it be remembered, had not been abolished. One of the most beneficent forward steps that our time can boast of is the Bankruptcy Court. However hard we may yet be upon offenders against us, society, through humane laws, forgives our debtors in money matters, and gives a clear bill of health after honorable acquittal in bankruptcy, and a fresh start. The result proved Watt's wisdom. His engines were needed to save the mines. No other could. Applications came in freely upon his terms, and as Watt was a poor hand at bargaining, he insisted that Boulton should come to Cornwall and attend to that part. Meanwhile great attention was being paid to the works and all pertaining to the men and methods. The firm established perhaps the first benefit society of workmen. Every one was a member and contributed according to his earnings. Out of this fund payments were made to the sick or disabled in varying amounts. No member of the Soho Friendly Society, except a few irreclaimable drunkards, ever
PREV.   NEXT  
|<   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96  
97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   >>   >|  



Top keywords:

engines

 

Boulton

 

society

 

proved

 
member
 

Bankruptcy

 

beneficent

 

forward

 

irreclaimable

 

humane


forgives
 

earnings

 
offenders
 
However
 

abolished

 

payments

 
priori
 

continual

 
apprehension
 
remembered

debtors

 

disabled

 

Imprisonment

 

present

 
drunkards
 
freely
 

bargaining

 

amounts

 

Applications

 

consolidated


Friendly

 
insisted
 

pertaining

 

methods

 

attention

 
Cornwall
 

attend

 

Meanwhile

 
established
 

varying


acquittal

 

bankruptcy

 

contributed

 
honorable
 

health

 

result

 

workmen

 

Society

 

benefit

 

needed