THE HISTORY OF CREUSOT.
3
under tlie Empire, it still continuée! to carfy out large
Government contracts, and manufacture»! great quantities
of cast-iron and bronze guns, as well as projectiles. To
such an extent had the military requirements of the
Revolutionary Government, and of the Empire, absorbée!
the productive power of the works, that when the per-
five years later (1823) M. Chagot created a new company in
association with his children : but this proved a disastrous
undertaking and the works languished un til, in 1828, there
was founded the “Société Anonyme des Usines, Forges et
Fonderies, du Creusot et de Charenton.” This company,
however, proved itself no better able to achieve success
Fig. 4. Le Creusot in 1851.
Fig. 5. “La Verrerie,” Creusot, in 1851.
manent peace of 1815 succeeded the long series of years of
war, the occupation of Creusot disappeared ; and finding it
impossible to create new business, the company had no
alternative but to close the works entirely. They passée!,
in faet, through a period o£ bankruptcy, after having
absorbed a capital of 14 million francs.
In 1818, one of the créditera, M. Chagot, the elder,
purchased the whole of the works for 905,000 francs ; and
tlian its predecessor, and it had to go into bankruptcy on
June 25th, 1833. On November 25th, 1835, the works
were repurchased by MM. Coste frères, Jules Chagot, and
some others, and in the following year they were acquired
by M. Eugène Schneider, at that time director of the iron
works of Bazeilles. This gentleman, the real founder
of Creusot, in association with his brother, M. Adolphe
Schneider, created a new stock company, under the title of