Gabriel 150 years - Flipbook - Page 15
The harbour in the Østerå River in ±π∑∂ before the
ownership of a fourth part of the enterprise.
river was covered over. The ships are typical of the
Although Niels Klem’s original contribution
vessels that plied the waters of the Lim Fjord.
was small, he later increased it several times
and was a good man for floating a loan when
A small amount of cloth was manufactured in
bills had to be paid.
±π∂±, and it is likely that larger quantities were
This was necessary, for example, in Novem-
not made until April ±π∂≤. In ±π∂≤, cloth valued
ber ±π∂≤, when a mortgage loan of ±∂,∞∞∞ rix-
at over ±π,∞∞∞ rix-dollars was sold to customers
dollars was obtained to pay an outstanding bill.
in, among other places, Copenhagen, but that
This particular loan was made on the condi-
represented only half of the factory’s capacity.
tion that sufficient fire insurance was taken
A lack of working capital was undoubtedly a se-
out – a condition that soon proved to have
rious hindrance to greater activity.
been most fortunate.
The need for more capital had quickly be-
The amount of cloth manufactured by Kjærs
come apparent. Fortunately, W.A. Rodskjer had
Mølle increased in ±π∂≥ and again in ±π∂µ, the
married well! In any event, he convinced his
number of employees grew to about ∂∞, and
father-in-law, Niels Klem, who was officer of
the future looked bright.
health in the town of Elsinore, to take over
1850-1855
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