observed to Lord Sheffield, "to its highest finish in the regulating springs of a watch, we have nothing to fear if the importation into each country should be permitted without duty." We need scarcely add that the subsequent history of the iron trade abundantly justified these sagacious anticipations of Richard Reynolds. He was now far advanced in years. His business had prospered, his means were ample, and he sought retirement. He did not desire to possess great wealth, which in his opinion entailed such serious responsibilities upon its possessor; and he held that the accumulation of large property was more to be deprecated than desired. He therefore determined to give up his shares in the ironworks at Ketley to his sons William and Joseph, who continued to carry them on. William was a man of eminent ability, well versed in science, and an excellent mechanic. He introduced great improvements in the working of the coal and iron mines, employing new machinery for the purpose, and availing himself with much ingenuity of the discoveries then being made in the science of chemistry. He was also an inventor, having been the first to employ (in 1788) inclined planes, consisting of parallel railways, to connect and work canals of different levels,--an invention erroneously attributed to Fulton, but which the latter himself acknowledged to belong to William Reynolds. In the first chapter of his 'Treatise on Canal Navigation,' published in 1796, Fulton says:--"As local prejudices opposed the Duke of Bridgewater's canal in the first instance, prejudices equally strong as firmly adhered to the principle on which it was constructed; and it was thought impossible to lead one through a country, or to work it to any advantage, unless by locks and boats of at least twenty-five tons, till the genius of Mr. William Reynolds, of Ketley, in Shropshire, stepped from the accustomed path, constructed the first inclined plane, and introduced boats of five tons. This, like the Duke's canal, was deemed a visionary project, and particularly by his Grace, who was partial to locks; yet this is also introduced into practice, and will in many instances supersede lock canals." Telford, the engineer, also gracefully acknowledged the valuable assistance he received from William Reynolds in planning the iron aqueduct by means of which the Ellesmere Canal was carried over the Pont Cysylltau, and in executing the necessary castings for the purpose at the Ketley foundry.