Personal Recollections of Birmingham and Birmingham MenEdwards, Eliezer
History
Personal Recollections of Birmingham and Birmingham Men
Edwards, Eliezer
Birmingham (England)
About this time there was living at Wednesbury an eccentric
Independent Minister named Hardy. He is still remembered there for
his extraordinary fancy for preaching about the "seven golden
candlesticks." When he took this topic for a sermon, his hearers knew
that for six or seven Sundays at least he would speak of nothing else.
And, lest his hearers should not be duly impressed with the subject,
his practice was never to go more than a year or two without going
over the whole ground anew. This worthy minister was somewhat of a
mechanic, and in connection with a coach-axle maker named Rollason,
the plan was conceived of "faggoting" bars of iron radially round
a centre-bar, so that the laminae of the iron should range like the
concentric rings in a tree. The chief difficulty was the necessity
of rolling the axles before they could be hammered. Mr. Dodd, of the
Horseley Works, showed how this could be done by a reversing action,
and Mr. Hardy patented both processes. Mr. H. Wright, who was
afterwards a partner in the works, tells me that he assisted to draw
up the specifications. Money being wanted to work the concern, a small
private company was formed with a capital of L2,000. Mr. Hardy was
manager, and Mr. T. Walker was clerk. This company was carried on for
about two years, when, becoming involved, and none of the partners
caring to invest more money in it, application was made to Mr. Geach.
This was in 1838.
Mr. Geach, perceiving the superiority of Hardy's method over any
other, induced some twelve or more gentlemen to join in the purchase
of the works and patents, Mr. Wright and Mr. Hardy being of the
number. The new company assumed the name of the "Patent Shaft and
Axletree Company." Mr. Wright was appointed general manager; Mr. Hardy
superintended the forge; and Mr. Walker assisted generally. Mr. Hardy
withdrew about 1840, when Mr. Walker took the management of the forge.
In 1841, Mr. Wright removed to Rotherham, to manage the Park Gate
Works, and Mr. Walker became sole manager of the Shaft and Axletree
business. In 1844, Mr. Geach bought out all the partners--Mr. Wright
being the last--and so became the sole proprietor. Up to this time
there had been no financial success, and no dividends had been paid.
About this time the sudden rise in prices, consequent upon the railway
enterprise of the period and the enormous demand for the manufactures
of the works, turned the fortunes of the concern, which then commenced
its career of marvellous success. It soon became one of the most
important concerns in Staffordshire. It was carried on by Mr. Geach,
as sole proprietor, until his death, when Mr. Walker purchased it. It
was soon afterwards converted into a limited liability company, and
it is now, under the chairmanship of Mr. Walker, who has been so
long connected with it, one of the best conducted and most prosperous
concerns in the district. The present number of people employed in the
establishment is about six thousands.
Public-domain text, read in full here on John Shaqi.
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