. The Paisley thread industry and the men who created and developed it, with notes concerning Paisley, old and new . Feiiguslie Mills. men are not proof against these economic changes. Evenwhen they foresee them, they may have their capital lockedup in plant which cannot be utilised, and so no effort can avoiddisaster. On the other hand, it often happens that economicchanges occur unexpectedly which cause a rush of success andprofit for those who happen, possibly from no merit of their 30 The Paisley Thread own, to be able to take advantage of the position thus created. There is a tide in tlie
. The Paisley thread industry and the men who created and developed it, with notes concerning Paisley, old and new . Feiiguslie Mills. men are not proof against these economic changes. Evenwhen they foresee them, they may have their capital lockedup in plant which cannot be utilised, and so no effort can avoiddisaster. On the other hand, it often happens that economicchanges occur unexpectedly which cause a rush of success andprofit for those who happen, possibly from no merit of their 30 The Paisley Thread own, to be able to take advantage of the position thus created. There is a tide in tlie affairs of menWhich, taken at the flood, leads on to fortune. The shawl trade may be said to belong to the first of theseillustrations—the thread trade to the latter. rjn ?.. IM ! I Coats Mill ix Torello, Spaix. The decay of the shawl trade was not due to any deficiencyor fault of the manufacturers. The fashion changed, and thedemand ceased. Fashion is not regulated by the rules ofpolitical economy. We would naturally expect that the moreconvenient and suitable for its purpose an article can be made,and the cheaper it can be put on the market, the larger would Change to Cotton—Causes of Expansion 31 be the demand. But such rules do not apply to an object offashion, as, for instance, a ladys bonnet. It must be in thefashion, or it is of no use at all. Fashion may decree that itmust be of a shape that violates all the conditions of conveniencewhich a covering for the head should possess, yet the articlemust be of that form, no matter what torment the wearer may
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