Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 462
Samuel Smiles《Thrift》· Thrift · Investing
The experiments were to a certain extent brought to an end by the greed or laziness of the colliers, who have for a time destroyed the prosperity of the iron trade. Messrs. Greening and Co. started with great enthusiasm; and the results were very successful as regards the workpeople. Nothing could have been better than the spirit of goodwill, and even devotion, which was displayed by many of them. But, unhappily, contracts were taken by the management, which resulted in a series of losses; and the scheme ended in liquidation. Mr. Greening states that "the Distribution Societies have as yet been much more successful than the Production Societies;" but he hopes "to see the latter crown the edifice by making workers everywhere no longer servants, but co-partners with capital."
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 462 · 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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