Dowlais Ironworks
The Dowlais Ironworks was a major
Beginnings (1759–1807)
The works was founded as a partnership on 19 September 1759. There were nine original partners including Thomas Lewis and Isaac Wilkinson. The purpose of the partnership was the:[2]
... art misterry, and business of an iron master and iron manufacturer, and for that purpose to build a certain ffurnace or ffurnaces for smelting of iron ore or mine or stone into pig iron in the parish of Merthyr Tidvil for a term of 99 years, and that with the joint stock of £4,000 which the said partners hav agreed to bring in, advance and deliver in and before the first day of January AD 1760.
Lewis brought to the partnership a complex system of leases that allowed the erection of a furnace and the right to mine iron ore, coal and limestone at Dowlais, Pantyrwayn and Tor-y-Fan. Wilkinson brought in his patented machine for blowing furnaces. The other partners brought in capital and various other leases and mineral rights.[2]
The furnace was established on the hillside above Merthyr, not an ideal location, but all the elements for production were at hand. However, the enterprise struggled, management being too thinly spread among the partners and on 13 April 1767 John Guest was appointed manager.[3] In 1781, Guest purchased 7 of the 16 shares in the works and a second furnace was built. In 1786, John Guest was succeeded by his son, Thomas Guest, who formed the Dowlais Iron Company with his son-in-law William Taitt. Guest introduced many innovations and the works prospered.[4]
The era of John Josiah Guest (1807–1852)
Thomas Guest died in 1807 and his son
In 1821, the works supplied
Sometime during 1835, Guest made the acquaintance of engineer
At its peak in 1845, the works operated 18 blast furnaces, employed 7,300 people and produced 88,400 tons of iron each year.[10]
Reconstruction—Clark and Menelaus (1852–1899)
John Josiah Guest died in 1852, having become sole owner in 1851, and was buried at St. John's church in Dowlais. Guest named Clark, his widow
The works had been, for a while, in some decline and Clark took rapid steps to improve
In 1863, the Company had recovered from a business slump but had no
By the mid-1860s, Clark's reforms had born fruit in renewed
The era of GKN (1899–1973)
Sir Ivor was distracted by other interests and, in 1899, sold the works to
In 1912, King
Unlike the Cyfarthfa Ironworks, the Dowlais Works' early conversion to steel production allowed it to survive into the 1930s.[citation needed] However, largely as a result of the Great Depression, the main works ceased production in 1936, the company having built a new iron and steel works at East Moors, adjacent to the docks at Cardiff in the late 19th century.
Visit by King Edward VIII
On 18 November 1936 Dowlais Ironworks was visited by King
The iron foundry and engineering works in Dowlais, still known locally as the "Ifor Works" after John Josiah's son, continued to operate and new facilities were built after 1945.[18]
British Steel—managing the decline (1973–1987)
It continued for some years under the name of the Dowlais Foundry and Engineering Company, but was transferred to the
References
- ^ Franks, Julian, Mayer, Colin & Rossi, Stefano: The Origination and Evolution of Ownership and Control, London Business School, December 2002, p.19 [1]
- ^ a b Owen (1977) p.10
- ^ Owen (1977) p.13
- ^ Owen (1977) pp15–16
- ^ Owen (1977) p.22
- ^ Owen (1977) p.24
- ^ a b c d e James (2004)
- ^ Owen (1977) p.25
- ^ Owen (1977) pp29–30
- ^ Owen (1977) pp35–36
- ^ Owen (1977) p.47
- ^ Owen (1977) pp57–58
- ^ Watanabe, Izumi: The evolution of Income Accounting in Eighteenth and Nineteenth Century Britain, Osaka University of Economics, Vol.57, No. 5, January 2007, p.27-30 [2]
- ^ Owen (1977) pp90–92
- ^ Owen (1977) pp97–99
- ^ https://digitalcommons.salve.edu Retrieved 23 January 2020
- ^ www.artwarefineart.com Retrieved 23 January 2020
- ^ Owen (1977) pp105–108
- ^ O‘Donoghue, J.; et al. (2004). "Consumer Price Inflation since 1750". Economic Trends. 604: 38–46, March.
- ^ The Times Wednesday 8 August 1973, 17, col.A
- Sunday Times, 25 January 1987, InfoTracFull Text Newspaper Database. Gale. Cheshire Libraries. 12 September 2007
Bibliography
- Edwards, J. R.; Baber, C. (1979). "Dowlais Iron Company: accounting policies and procedures for profit measurement and reporting purposes". Accounting and Business Research. 9 (34): 139–151. .
- Elsas, M. (1960). Iron in the Making. Dowlais Iron Company Letters 1782–1860. Glamorgan: County Records Committee.
- James, B. Ll. (2004) "Clark, George Thomas (1809–1898)", Oxford Dictionary of National Biography, Oxford University Press, accessed 21 August 2007 (subscription or UK public library membershiprequired)
- Jones, E. (1987). A History of GKN, 1: Innovation and Enterprise, 1759–1918. Basingstoke: MacMillan. ISBN 0-333-34594-0.
- Lewis, M. J. (1983) "G. T. Clark and the Dowlais Iron Company: an entrepreneurial study", MSc Econ diss., U. Wales
- Owen, J. A. (1977). The History of the Dowlais Iron Works, 1759–1970. Newport: Starling Press. ISBN 0-903434-27-X.
- Vaughan, C. Maxwell (1975). Pioneers of Welsh Steel: Dowlais to Llanwern. Newport: Starling Press. ISBN 0-903434-08-3.
- Williams, J. (2004) "Menelaus, William (1818–1882)", Oxford Dictionary of National Biography, Oxford University Press, accessed 3 September 2007 (subscription or UK public library membershiprequired)
Further reading
- Owens, Victoria (2022). Lady Charlotte Guest: The Exceptional Life of a Female Industrialist. Barnsley: Pen & Sword. ISBN 9781526768810.
External links
- Old Merthyr Tydfil: Dowlais Ironworks - Historical Photographs of Dowlais Ironworks, Merthyr Tydfil.