By P L Payne
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Extra resources for British Entrepreneurship in the Nineteenth Century
They are mentioned merely to indicate the desirability of additional research into the quality of entrepreneurship in the staple British industries during the decades following the heroic age of the Industrial Revolution, and to suggest the possibility that many more firms would have gone down in this period had they been confronted by the degree of competition encountered by their successors; that, in fact, 'a decline in entrepreneurship' can be selectively exemplified at almost every time and in almost every time and in almost every well-established branch of trade.
The Final Phase' of Marshall's of Leeds set in during the mid-1840s, though this once great firm was destined to linger on for another forty years, by which time many of its leading competitors in flax spinning had already gone: Benyans in 1861, John Morfitt and John Wilkinson a few years later and others, including W. B. Holdsworth, soon following [207 :199, 229]. The Ashworth cotton enterprises, built up between 1818 and 1834 by Henry and Edward Ashworth - 'among the most renowned of the men who followed the great inventors and ...
There were many who shared with Josiah Mason, the steel pen maker and pioneer of electro-plating, a 'quickness in seizing a new idea ... sagacity in realising the possibilities of development, and . . courage in bringing it within the range of practical application' [158 vol. I : 151], though few shared his great success. Yet an economic historian is ill-equipped to judge the technical feasibility of the thousands of inventions whose specifications - often deliberately obscure in their wording - line the walls of the Patent Office.
British Entrepreneurship in the Nineteenth Century by P L Payne