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The Commercial Management of Engineering Works (Classic Reprint)

The Commercial Management of Engineering Works (Classic Reprint)

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Excerpt from The Commercial Management of Engineering Works

A Flood of pessimism has been sweeping over this country for the last few years, and book and magazine and newspaper have been teaching that our trade is departing to other and more progressive countries. The statistics of "Made in Germany" have been accepted without the enquiry, which Mr. Herbert Spencer says is always so essential, into the facts which lie behind the statistics. And this pessimism has been taken advantage of by some, who are not perhaps altogether disinterested witnesses, to press upon public attention their own pet theories, or the measures which they imagine can alone remedy the present situation.

That this is no exaggeration will be conceded by any one who has read the evidence given before Lord Davey's Committee and the Lords' Committees on the Limited Liability Acts; who has perused the reports of the Inspector-General in Bankruptcy; or who has looked through the files of the Accountant. In all these pages much will be found that is suggestive and valuable; but it is combined with many fantasies of doctrinaires.

It appeared to me that, notwithstanding the treatises of various kinds which have appeared on subjects connected with commercial management, there was room for one which would suggest to the youthful engineer the difficulties he would encounter whenever commercial duties were thrust upon him, and offer suggestions which might assist him, without dogmatically laying down any absolute rules which must be adhered to under all circumstances.

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