pany, the Public Baths Company,
the Winter Gardens Company, the Grand Hotel Company and numerous
others. There was, however, one Company in which Sweater, Rushton,
Didlum and Grinder had no shares, and that was the Gas Company, the
oldest and most flourishing of them all. This institution had grown
with the place; most of the original promoters were dead, and the
greater number of the present shareholders were non-residents; although
they lived on the town, they did not live in it.

The profits made by this Company were so great that, being prevented by
law from paying a larger dividend than ten percent, they frequently
found it a difficult matter to decide what to do with the money. They
paid the Directors and principal officials--themselves shareholders, of
course--enormous salaries. They built and furnished costly and
luxurious offices and gave the rest to the shareholders in the form of
Bonuses.

There was one way in which the Company might have used some of the
profits: it might have granted shorter hours and higher wages to the
workmen whose health was destroyed and whose lives were shortened by
the terrible labour of the retort-houses and the limesheds; but of
course none of the directors or shareholders ever thought of doing
that. It was not the business of the Company to concern itself about
them.

Years ago, when it might have been done for a comparatively small
amount, some hare-brained Socialists suggested that the town should buy
the Gas Works, but the project was wrecked by the inhabitants, upon
whom the mere mention of the word Socialist had the same effect that
the sight of a red rag is popularly supposed to have on a bull.

Of course, even now it was still possible to buy out the Company, but
it was supposed that it would cost so much that it was generally
considered to be impracticable.

Although they declined to buy the Gas works, the people of Mugsborough
had to buy the gas. The amount paid by the municipality to the Company
for the public lighting of the town loomed large in the accounts of the
Council. They managed to get some of their own back by imposing a duty
of two shillings a ton upon coals imported into the Borough, but
although it cost the Gas Works a lot of money for coal dues the Company
in its turn got its own back by increasing the price of gas they sold
to the inhabitants of the town...

End of the Project Gutenberg EBook of The Ragged Trousered Philanthropi