Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 222

Samuel Smiles《Thrift》· Thrift · Investing

That this is not an impracticable scheme, is capable of being easily proved. The practice of co-operation has long been adopted by workpeople throughout England. A large proportion of the fishery industry has been conducted on that principle for hundreds of years. Fishermen join in building, rigging, and manning a boat; the proceeds of the fish they catch at sea is divided amongst them--so much to the boat, so much to the fishermen. The company of oyster-dredgers of Whitstable "has existed time out of mind,"[2] though it was only in 1793 that they were incorporated by Act of Parliament. The tin-miners of Cornwall have also acted on the same principle. They have mined, washed, and sold the tin, dividing the proceeds among themselves in certain proportions,--most probably from the time that the Phoenicians carried away the produce to their ports in the Mediterranean.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 222 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

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

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