Some shares were made available to small investors and local businessmen, but take-up was minimal, and Bowden ended up buying most of the public shares.
That visit led to Bowden replacing Ellis as the partnership’s principal investor, though Bowden did not become the outright owner of the firm.
He concluded that the company had a profitable future if it promoted its innovative features, increased its output, cut its overhead costs and tailored its products to the individual tastes and preferences of its customers.
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