Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 456
Samuel Smiles《Thrift》· Thrift · Investing
But the vow of Martha Crossley was not yet entirely fulfilled: "If the Lord does bless us at this place, the poor shall taste of it." That was what she promised on her husband's entering into possession of Dean Clough Mills; and her sons have nobly fulfilled her promise. In 1864, the extensive business of John Crossley and Sons, with all its mills, machinery, plant, warehouses and stock-in-trade--at Halifax, Kidderminster, Manchester, and London,--was converted into a joint-stock company. The company was formed with the primary design of receiving the co-operation of all parties associated with the business, and with the object of securing a spirit of harmony and the material well-being and profit of the workpeople, clerks, managers, and others interested in the concern. In order to enable the workpeople to join in the business, a large sum of money was lent to them for the purpose of taking up returned shares in the company; and the workpeople took them up to a large extent. A preference was always given to the managers and operatives; and the amount of shares applied for by them was invariably allotted in full.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 456 · 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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