Lippincott's Magazine of Popular Literature and Science, Volume 15, No. 85, January, 1875Various
Science
Lippincott's Magazine of Popular Literature and Science, Volume 15, No. 85, January, 1875
Various
Literature, Modern -- 19th century -- Periodicals; Science -- Periodicals
Brassey was ever resolute to execute his engagements to the letter,
and he declined to make demands for extra compensation when his
contracts proved unprofitable, though it was customary with him to
make good the losses of his sub-contractors. He amassed a colossal
fortune, not through excessive gains, but by a small profit--"as
nearly as possible three per cent."--which accrued to him from all his
enterprises taken as a whole, and the accumulations consequent on an
inexpensive mode of life.
The railways constructed by Mr. Brassey, generally in partnership
with some other contractor, between the years 1834 and 1870, comprised
between six and seven thousand miles in all parts of the globe,
including Australia and in almost every civilized country except
Russia and the United States. "There were periods in his career during
which he and his partners were giving employment to 80,000 persons,
upon works requiring £ 17,000,000 of capital for their completion."
Yet a large part of his time and of the time of his agents was
spent in the investigation of schemes which he either decided not to
undertake or for which he tendered unsuccessfully. It was necessary at
times to transport materials, a large staff of employés and an army
of laborers from one country to another. In some cases works were
prosecuted in regions occupied or threatened by hostile armies, in
others under all the embarrassments and gloom of a great financial
revulsion. In countries where commercial transactions were usually
very limited the great difficulty was to obtain coin for the payment
of wages, while in others there was the danger of the supply of labor
failing through the enticements of superabundant capital or the more
dazzling temptations of gold-digging. It is needless to mention the
usual accidents and impediments to which all such undertakings are
liable, and which the skill and ingenuity of the modern engineer never
fail to overcome; but it is certainly not a little remarkable, when
the multiplicity of Mr. Brassey's contracts is remembered, as well
as the early period from which they date, to find that they were
invariably completed within the specified time.
Personal Reminiscences of Barham, Harness and Hodder. (Bric-à-Brac
Series, edited by Richard Henry Stoddard.) New York: Scribner,
Armstrong & Co.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account