Decline and Demise
Beardmore's various companies became unprofitable in the post-war slump, resulting in the company facing bankruptcy. Financial aid initially came from Vickers Limited, which took a 60% stake in Beardmores, before pulling out in the late 1920s. Beardmore himself was removed from executive control of his company by the Bank of England. Most of Beardmore's various businesses were wound down over the next few years until Bearmore's retirement and death in 1936, although some persisted.
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Famous quotes containing the words decline and and/or decline:
“Or else I thought her supernatural;
As though a sterner eye looked through her eye
On this foul world in its decline and fall,
On gangling stocks grown great, great stocks run dry,
Ancestral pearls all pitched into a sty,
Heroic reverie mocked by clown and knave....”
—William Butler Yeats (1865–1939)
“Reckoned physiologically, everything ugly weakens and afflicts man. It recalls decay, danger, impotence; he actually suffers a loss of energy in its presence. The effect of the ugly can be measured with a dynamometer. Whenever man feels in any way depressed, he senses the proximity of something “ugly.” His feeling of power, his will to power, his courage, his pride—they decline with the ugly, they increase with the beautiful.”
—Friedrich Nietzsche (1844–1900)