Business PME is a gate of free information bound for the companies in the United States of America. This website offers thousands of contents as well as a companies directory.
The group’s other BtoB websites
-- Professional Networking
Monday March 22th 2010
SearchThomas Williams of Llanidan | ||
Thomas Williams (1737-1802) was a Welsh industrialist. At the time of his death, he was the richest man in Biography and worksIn the 18th century, there was a significant shortage of food for labouring people, because supply could not meet demand. Williams, known to his Welsh speaking workmen as Twm Chwarae Teg ("Tom Fair Play"), once complained to the magistrate at Llanidan that the villagers on Anglesey raided his fields and stole the turnips intended for his cattle and used them to feed their families. His business rival, Matthew Boulton, called Williams the "copper king" – "the despotick sovereign of the copper trade". To his friend and agent he said, "Let me advise you to be extremely cautious in your dealings with Williams". He spoke of Williams as "a perfect tyrant and not over tenacious of his word and will screw damned hard when he has got anybody in his vice". Of the Cornish producers, Boulton said "they would not have submitted to be kicked and piss’d on by me as they have been by them" (Williams and his partner Wilkinson). Williams' tenacity as a lawyer was very evident when acting for the Hugheses of Llysdulas who were in an acrimonious dispute with Sir Nicholas Bayly of Plas Newydd concerning the Williams emerged from the dispute as the managing partner with the Revd Edward Hughes and John Dawes in the Parys Mine Company. This under Williams control was cheap to run and extremely productive. His great problem was to obtain an attractive price for the copper. He faced a cartel of copper smelters whose aim was to buy cheap and sell dear. He moved decisively to establish his own smelting facilities and quickly entered into an agreement with John Mackay to establish an industrial complex at Ravenhead near St Helens in He also acted quickly to absorb or control other producers – notably the Cornish mines to produce a complete response to the cartel. Although always the driving force, Williams built up and controlled a major commercial organisation and surrounded himself with able staff. The Revd Edward was always a sleeping partner but younger brother Michael Hughes was an able manager. Other partners and staff included The Earl of Uxbridge, Owen Williams, and Thomas Harrison. His business organisation was first rate. He developed the technique of establishing his various businesses in separate companies. Thus the Parys Mine Company controlled its own smelting in South Wales and Williams had built copper works at Thomas Williams born in Llanidan, Copyright 2008 - France BtoB from Wikipédia
|
• Economic rent
• Revenue • Frederick Winslow Taylor • Incentive • Desirable features • Adam Smith • Coercive monopoly | |