At that critical period it was assuredly the solidarity evinced by all
the associated workers that saved La Crêcherie from falling beneath the
blows with which egotistical and jealous hatred inspired Beauclair. The
reserve fund, prudently increased and managed, proved a decisive help.
It enabled the folk of La Crêcherie to face difficult moments, and to
avoid borrowing at heavy interest. Thanks to this fund, moreover, they
were twice able to purchase new machinery, which had been rendered
requisite by changes in various processes, and which largely diminished
the cost of manufacture. Then, too, there came a few strokes of luck.
About that time there were some important enterprises: the laying down
of railways, the building of bridges and other things in which metal
work was largely used, and thus considerable quantities of rails,
girders, and structural material were required. The long peace in which
Europe lived vastly developed metallurgical industry in its pacific and
civilising branches. Never before had iron entered so largely into the
dwellings of men. Thus the output of La Crêcherie increased, though the
profits did not become very large, for Luc particularly wished to sell
cheaply, in the belief that cheapness would control the future. At the
same time he strengthened the works by wise management and constant
economy, and by gathering together that reserve fund of ready money in
order that it might be brought into use at the first sign of danger;
whilst the workers' devotion to the common cause, their abnegation in
foregoing a portion of their due, did the rest, enabling one to wait
for the arrival of triumph without excessive hardship.
Public-domain text, read in full here on John Shaqi.
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