Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 408

Samuel Smiles《Thrift》· Thrift · Investing

Titus Salt is a son of a Yorkshire wool-stapler. In the early part of his life he was a farmer near Bradford, and his inclination for agricultural pursuits was such, that it was thought he would continue to pursue this vocation. Being, however, a partner with his father in the wool business, and observing that manufactures were rapidly extending in the neighbourhood, he withdrew from the partnership, and commenced business at Bradford as a wool-spinner. He was one of the first to observe the uses of Alpaca wool. Large quantities of that material were stored at Liverpool,--imported from the Brazils. But the wool found no purchasers, until at length Mr. Salt bought a quantity, and spun it into an entirely new fabric. He then proceeded to buy up all the Alpaca that was to be found at Liverpool; made arrangements for purchasing all that came into the market; went on spinning Alpaca; and eventually established the manufacture. This was the foundation of Mr. Salt's fortune.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 408 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

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

公版作品;原文逐字取自 Project Gutenberg,仅摘录段落并附全书链接。

This text is in the public domain. The edition and source link are above. Copyright

← Back to the library