Note 184 — Chapter XIV · Financial Difficulties—Boulton in Cornwall—Attack and Defence of the Engine Patent.
Reading edition
It appears from a statement prepared by Zaccheus Walker, the accountant of Boulton and Fothergill, that on an invested capital of about 20,000l., the excess of losses over profits during the eighteen years ending 1780, had been upwards of 11,000l.; and that but for the capital and credit of Matthew Boulton, that concern must have broken down.