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raw silk for their mills. Adanison arrived in Shanghai, on their behalf, in 1852. In 1858 he formed his own firm, exporting tea and general merchandise, and set up branches in Hong Kong, Foochow and Hongkow. There were ten European employees.
In 1872, the firm appointed a shipping clerk in its Shanghai office named George Benjamin Dodwell. He was 20 years old, born in Derby, and was paid 400 pounds for the first year of service, with a room, fire, light and medical bills met by the firm. Dodwell was allowed five per cent of all profits of the shipping business on everything earned above 700 taels per annum (equivalent to 2,100 sterling). He also had a share in other profits in an attempt to stop him branching out on his own account. Another condition of appointment was that he should 'not indulge in racing of horses and ponies'. This contrasted with the conditions of service for Jardine's who were not against their employees having a wager.
In 1876, Adamson Bell and Company's tea shipments (at the end of the nineteenth century nearly 60 per cent of China's exports consisted of tea and silk) were only marginally behind those of Jardines and Butterfield and Swires. For much of his work Dodwell was assisted by the firm's compradore. Nonetheless, a considerable amount of financial risk was involved. Dodwell and A.J.M. Carlill finally took over the bankrupt Adamson Bell Company [which is still known as Tien Cheang (天昌) meaning heavenly prosperity] on May 1st, 1891.
Canadian Pacific Railways (CPR) chartered sailing ships to import goods from China and Japan. Dodwell had entered into a three-year contract with Sir William Van Horne of CPR. But, as business was good, CPR decided to run its own fast mail line in place of hiring old Cunarders.
Dodwell was told his contract would not be renewed, but he was asked to continue to manage the CPR services at the Far Eastern end. Van Horne was impressed by Dodwell as a man, and he offered him full control of the new CPR shipping line if Dodwell would abandon his newly established firm and join CPR as an employee. He was offered a salary and commissions totalling at least 4,000 pounds a year. Dodwell declined, preferring to head his own new enterprise which he had rescued, and would rebuild, from bankruptcy.
It is the worst day's work you have ever done, Dodwell",
224
raw silk for their mills. Adanison arrived in Shanghai, on their behalf, in 1852. In 1858 he formed his own firm, exporting tea and general merchandise, and set up branches in Hong Kong, Foochow and Hongkow. There were ten European employees.
In 1872, the firm appointed a shipping clerk in its Shanghai office named George Benjamin Dodwell. He was 20 years old, born in Derby, and was paid 400 pounds for the first year of service, with a room, fire, light and medical bills met by the firm. Dodwell was allowed five per cent of all profits of the shipping business on everything carned above 700 taels per annum (equivalent to 2,100 sterling). He also had a share in other profits in an attempt to stop him branching out on his own account. Another condition of appointment was that he should 'not indulge in racing of horses and poines'. This contrasted with the conditions of service for Jardine's who were not against their employees having a wager,
In 1876, Adamson Bell and Company's tea shipments (at the end of the nineteenth century nearly 60 per cent of China's exports consisted of tea and silk) were only marginally behind those of Jardines and Butterfield and Swires. For much of his work Dodwell was assisted by the firm's compradore. Nonetheless, a considerable amount of financial risk was involved. Dodwell and A.J.M. Carlill finally took over the bankrupt Adamson Bell Company [which is still known as Tien Cheang ( Eff) meaning heavenly prosperity] on May 1st, 1891.
Canadian Pacific Railways (CPR) chartered sailing ships to import goods from China and Japan. Dodwell had entered into a three-year contract with Sir William Van Horne of CPR. But, as business was good, CPR decided to run its own fast mail line in place of hiring old Cunarders.
Dodwell was told his contract would not be renewed, but he was asked to continue to manage the CPR services at the Far Eastern end. Van Horne was impressed by Dodwell as a man, and he offered him full control of the new CPR shipping line if Dodwell would abandon his newly established firm and join CPR as an employee. He was offered a salary and commissions totalling at least 4,000 pounds a year. Dodwell declined, preferring to head his own new enterprise which he had rescued, and would rebuild, from bankruptcy.
**It is the worst day's work you have ever done, Dodwell",
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