Samuel Smiles：Self-Help, Excerpt 165

Returned to London, Phipps reported the result of his voyage to the Admiralty, who professed to be pleased with his exertions; but he had been unsuccessful, and they would not entrust him with another king’s ship. James II. was now on the throne, and the Government was in trouble; so Phipps and his golden project appealed to them in vain. He next tried to raise the requisite means by a public subscription. At first he was laughed at; but his ceaseless importunity at length prevailed, and after four years’ dinning of his project into the ears of the great and influential—during which time he lived in poverty—he at length succeeded. A company was formed in twenty shares, the Duke of Albermarle, son of General Monk, taking the chief interest in it, and subscribing the principal part of the necessary fund for the prosecution of the enterprise.

Source： https://www.gutenberg.org/ebooks/935
Locator：Excerpt 165 · Verified：2026-10-19 · Verification：Short excerpt

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