Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 191

Samuel Smiles《Thrift》· Thrift · Investing

After three years spent at Maudslay's, Mr. Nasmyth returned to Edinburgh to construct a small stock of engineering tools suitable for starting him in business on his own account. He hired a workshop and did various engineering jobs, in order to increase his little store of money and to execute his little stock of tools. This occupied him for two years; and in 1834 he removed the whole of his tools and machinery to Manchester. He began business there in a very humble way, but it increased so rapidly that he was induced to remove to a choice piece of land on the banks of the Bridgewater Canal at Patricroft, and there make a beginning--at first in wooden sheds--of the now famous Bridgewater Foundry.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 191 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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