The Fall and Rise of The Company
The bubble, however, burst and in 1874 Osborn was forced to file for liquidation.
With industrial development, a new market for Mushet’s Self Hardening Steel was found in America and the company opened a London Office. Taking on new partners and making connections in continental Europe he paid off all his creditors within ten years, the company being registered as the second largest private enterprise in the Sheffield & District Steel & Allied Trades Association. Expanding again, in 1885 he bought and expanded the Rutland Works, in the Neepsend area of the city.
Samuel Osborn died in 1891. The company, however, continued.
Read more about this topic: Samuel Osborn & Company
Famous quotes containing the words fall, rise and/or company:
“You need not be proud of me.... I’m only being active till you can be again—it isn’t such a great desire on my part to serve the world and I’ll fall back into habits of sloth quite easily!”
—Eleanor Roosevelt (1884–1962)
“The best way to rise in society is to use all possible means of persuading people that one has already risen in society.”
—François, Duc De La Rochefoucauld (1613–1680)
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
—Gilbert Keith Chesterton (1874–1936)