[History of the American Clock Business for the Past Sixty Years, by Chauncey Jerome]@TWC D-Link bookHistory of the American Clock Business for the Past Sixty Years, CHAPTER V 8/17
There are always men enough who are ready to enter into a business after it is started and looks favorable.
A pleasing incident occurred soon after we first started.
The Revenue laws of England are (or were, at that time) that the owner of property passing through the Custom-house shall put such a price on his goods as he pleases, knowing that the government officers have a right to take the property by adding ten per cent.
to the invoiced price. I had always told my young men over there to put a fair price on the clocks, which they did; but the officers thought they put them altogether too low, so they made up their minds that they would take a lot, and seized one ship-load, thinking we would put the prices of the next cargo at higher rates.
They paid the cash for this cargo, which made a good sale for us.
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