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Cost Book Company

pile of leather bound books. petty cash book, wages book, ledger, cost book, account book

The traditional way a Cornish mine operated was as a Cost Book Company. 

Investors, often called ‘adventurers’, would often do well as the mine prospered, but should a mine run into difficulties, were liable for all the debts - not just to the extent of their own investment. Mining could be a high risk venture. The mine was run by a manager who appointed agents often called ‘captains’ to supervise underground work and surface operations. Sometimes mining companies could persuade wealthy ‘out adventurers’ from other parts of the country to invest.

 

Photograph reproduced with the kind permission of the Geevor Archive

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