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
[243] Watt to Boulton, 30th March, 1782.
CHAPTER XVI.
MORE DIFFICULTIES AND MORE INVENTIONS--BOULTON AGAIN IN CORNWALL.
The battle of the firm had hitherto been all up-hill. Nearly twenty years
had passed since Watt had made his invention. His life since then had
been a constant struggle, and it was a struggle still. Thirteen years had
passed since the original patent had been taken out, and seven since the
Act had been passed for its extension. But the engine had as yet yielded
no profit, and the outlay of capital continued. Notwithstanding Boulton’s
energy and resources, the partners were often in the greatest straits
for money, and sometimes, as Saturday nights came round, they had to beat
about among their friends for the means of paying the workmen’s wages.
Though Watt continued to imagine himself on the brink of ruin, things
were not really so gloomy as he supposed. We find Boulton stating
in a confidential letter to Matthews, that the dues payable on the
pumping-engines actually erected in 1782 amounted to 4320_l._ a year;
and that when all the engines in progress had been finished, they would
probably amount to about 9000_l._ It is true, the dues were paid with
difficulty by the mining interest, still in a state of great depression,
but Boulton looked forward with confidence to better days coming round.
Indeed, he already saw his way through the difficulties of the firm, and
encouraged his doleful partner to hope that in the course of a very few
years more, they would be rid of their burdens.
Public-domain text, read in full here on John Shaqi.
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