Lives of Boulton and Watt. Principally from the Original Soho Mss.: Comprising also a history of the invention and introduction of the steam engineSmiles, Samuel
History
Lives of Boulton and Watt. Principally from the Original Soho Mss.: Comprising also a history of the invention and introduction of the steam engine
Another important part of Boulton’s business in Cornwall, besides settling
the engine agreement, was to watch the mining adventures themselves, in
which by this time Boulton and Watt had become largely interested. In the
then depressed state of the mining interest, it was in many cases found
difficult to raise the requisite money to pay for the new engines; and the
engineers must either go without orders or become shareholders to prevent
the undertakings dropping through altogether. Watt’s caution impelled him
at first to decline entering into such speculations. He was already in
despair at what he considered the bad fortunes of the firm, and the load
of debts they had incurred in carrying on the manufacture of engines. But
there seemed to be no alternative, and he at length came to the conclusion
with Boulton, that it was better “not to lose a sheep for a ha’porth of
tar.”[194]
[194] Watt to Boulton, 20th April, 1780.
Rather than lose the orders, therefore, or risk the losses involved by
the closing of the mines worked by their engines, the partners resolved
to incur the risk of joining in the adventures, and in course of time they
became largely interested in them. They also induced friends in the North
to join them, more particularly Josiah Wedgwood and John Wilkinson, who
took shares to a large amount.
Boulton now made it his business to attend the meetings of the
adventurers, in the hope of improving their working arrangements, which
he believed were very imperfect. He was convinced of this after his first
meeting with the adventurers of the Wheal Virgin mine. He found their
proceedings conducted without regard to order. The principal attention was
paid to the dining, and after dinner and drink little real business could
be done. No minutes were made of the proceedings; half the company were
talking at the same time on different subjects; no one took the lead in
conducting the discussions, which were disorderly and anarchical in the
extreme. Boulton immediately addressed himself to the work of introducing
order and despatch. He called upon his brother adventurers to do their
business first, and dine and talk afterwards. He advised them to procure
a minute-book in which to enter the resolutions and proceedings. His
clear-headed suggestions were at once agreed to; and the next meeting, for
which he prepared the agenda, was so entirely different from all that had
preceded it, in respect of order, regularity, and the business transacted,
that his influence with the adventurers was at once established. “The
business,” he wrote to Watt, “was conducted with more regularity, and
more of it was done, than was ever known at any previous meeting.” He
perceived, however, that there was still room for great improvements,
and added, “somebody must be here all next summer ... I shall be here
myself the greater part of it, for there will want more kicking than you
can do.... _Grace au Dieu!_ I neither want health, nor spirits, nor even
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