With the beginning of the new century, 1800, the original partnership of the famous firm of Boulton and Watt expired, after a term of twenty-five years, as did the patents of 1769 and 1775. The term of partnership had been fixed with reference to the duration of the patents. Young men in their prime, Watt at forty and Boulton about fifty when they joined hands, after a quarter-century of unceasing and anxious labor, were disposed to resign the cares and troubles of business to their sons. The partnership therefore was not renewed by them, but their respective shares in the firm were agreed upon as the basis of a new partnership between their sons, James Watt, Jr., Matthew Robinson Boulton and Gregory Watt, all distinguished for abilities of no mean order, and in a great degree already conversant with the business, which their wise fathers had seen fit for some years to entrust more and more to them. In nothing done by either of these two wise fathers is more wisdom shown than in their sagacious, farseeing policy in regard to their sons. As they themselves had been taught to concentrate their energies upon useful occupation, for which society would pay as for value received, they had doubtless often conferred, and concluded that was the happiest and best life for their sons, instead of allowing them to fritter away the precious years of youth in aimless frivolity, to be followed in later years by a disappointing and humiliating old age. So the partnership of Boulton and Watt was renewed in the union of the sons. Gregory Watt's premature death four years later was such a blow to his father that some think he never was quite himself again. Gregory had displayed brilliant talents in the higher pursuits of science and literature, in which he took delight, and great things had been predicted from him. With the other two sons the business connection continued without change for forty years, until, when old men, they also retired like their fathers. They proved to be great managers, for notwithstanding the cessation of the patents which opened engine-building free to all, the business of the firm increased and became much more profitable than it had ever been before; indeed toward the close of the original partnership, and upon the triumph gained in the patent suits, the enterprise became so profitable as fully to satisfy the moderate desire of Watt, and to provide a sure source of income for his sons. This met all his wishes and removed the fears of becoming dependent that had so long haunted him.