He wrote to Count von Saurau that he was willing to assist Mistelbauer
with more money. Count Saurau agreed, and Herr von Hartl advanced money
to Mistelbauer till it reached a sum of forty thousand gulden. He
appeared only as a creditor, however, and held a mortgage on the entire
spinnery, with all its present and future stock, in order to be covered
should the operations fail.
Now Mistelbauer was a man who had little or no mercantile talent. He did
not understand book-keeping, and though he had managed the original
small establishment pretty well, he was not equal to the bigger one. A
factor should have been appointed to manage the commercial end and the
accounts. Another trouble was that Herr von Hartl, in order to satisfy
himself, continually demanded new sample work from him, which, on the
other hand, pleased Mistelbauer, as it enabled him to show his skill.
Thus, instead of working steadily along the original sound lines, he
kept going into new things. Among others he erected looms to make color,
and print Manchester fabrics. Regardless of the fact that I (as he well
knew) was working at cotton-printing, and that Herr von Hartl intended
to work my inventions, he managed to induce that gentleman to let him
erect a cotton-printery, a matter which he did not understand in the
least.
Mistelbauer had been a poor peasant boy of Helmannsöd by Linz. He had
gone into foreign lands in his youth, but when he obtained the ten
thousand gulden from Count Saurau, he selected his native place for the
works. Even at that time his improved condition aroused the envy of the
village; but he lived in a poor hut and differed in nothing from the
other inhabitants. When Herr von Hartl assisted him, he succeeded soon
in convincing him that they needed more room, and obtained his consent
for building. Instead of erecting a factory, he erected a considerable
dwelling, the cost of which was far beyond the original estimates. On
account of all the other work undertaken at the same time, nothing could
be finished in time, and Mistelbauer was continually too late for the
markets with his product. As a result, instead of being punctual with
all his payments as he had been heretofore, he could not even pay his
interest, and Herr von Hartl had to make new advances all the time.
Naturally Herr von Hartl began to feel apprehensive, and he decided to
visit Mistelbauer on the occasion of our journey to Solenhofen.
When we reached Helmannsöd, Herr von Hartl shook his head dubiously,
especially when he found the accounts in the greatest disorder. But the
great stock of goods, though most of them were only half finished, and
the thought that everything could be made to go smoothly again with
better management, encouraged him, and he instructed Mistelbauer,
showing him how to establish order in his works as well as in the
accounts.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account