Wright and Mr. Hardy being of the
number. The new company assumed the name of the "Patent Shaft and
Axletree Company." Mr. Wright was appointed general manager; Mr. Hardy
superintended the forge; and Mr. Walker assisted generally. Mr. Hardy
withdrew about 1840, when Mr. Walker took the management of the forge.
In 1841, Mr. Wright removed to Rotherham, to manage the Park Gate
Works, and Mr. Walker became sole manager of the Shaft and Axletree
business. In 1844, Mr. Geach bought out all the partners--Mr. Wright
being the last--and so became the sole proprietor. Up to this time
there had been no financial success, and no dividends had been paid.
About this time the sudden rise in prices, consequent upon the railway
enterprise of the period and the enormous demand for the manufactures
of the works, turned the fortunes of the concern, which then commenced
its career of marvellous success. It soon became one of the most
important concerns in Staffordshire. It was carried on by Mr.
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