| Description | Letters and papers about the establishment and dealings of the Cornish Metal Company, including the proposals made in November 1787 by Thomas Williams, the owner of the Parys Mountain copper mine on Anglesey, for dividing up the copper trade. The Cornish Metal Co. was formed at Truro on 1 September 1785, with a capital of £500,000. It included Boulton, various manufacturers, several Cornish mine adventurers and Thomas Williams. The aim of the company was to keep copper at a reasonable price, avoiding wild fluctuations in price for the manufacturers buying the copper, and avoiding excessively low prices for the mines producing it. The company was not a great success, as stocks accumulated rapidly and profitable market could not be found. It folded in 1792.
These documents were found among the Correspondence & Papers 1777—circa 1801 (the large bundle arranged alphabetically by mine), but they appear to have formed a separate bundle.
Cornish Mines and Engines. |