Peter's father, John Mostyn, was a retired Engineer Captain, R.N., who, having severed his connection with the navy at the conclusion of the Great War, had become one of the managing directors of the Brocklington Ironworks Company.
For a while the affairs of the newly formed company had flourished. Then came the inevitable slump. Labour troubles and foreign competition added to the difficulties of the firm. The reserve capital dwindled until there were barely sufficient funds to meet the weekly wages bill. Things looked black—decidedly so; but never once did the gloomy outlook daunt the cheery optimism of retired Engineer Captain John Mostyn.
When the fortunes of the Brocklington Ironworks Company seemed at their lowest ebb, the firm had an invitation to tender for a big contract for the recently formed Kilba Protectorate. Comprising a vast extent of territory on the East Coast of Africa, Kilba was making a bold bid for prosperity under British rule. Amongst other schemes for the development of the country was the proposed construction of a railway linking up the coast with the rich mineral lands of the interior. One of the natural difficulties in the way of the railroad was the Kilembonga Gorge, where the river of that name flows with great impetuosity between sheer walls of rock rising two hundred feet above the turgid stream. The bed of the river was of shifting sand, so that, even if the difficulty of the current could be overcome, there remained the question of how to build solid piers on such a doubtful foundation. Finally it was decided to throw a cantilever bridge across the chasm.
Accordingly, the Kilba Protectorate Government asked tenders for the construction of the necessary steelwork, including delivery upon the site. British, American, Italian, Japanese, and German firms were invited to contract, although it was difficult to see why the Kilba Government should have asked these last to quote a price. It was not until later that a reason was forthcoming.
Among the British firms to tender was the Brocklington Ironworks Company, and it was then that Captain Mostyn seized his opportunity. He foresaw that a successful carrying out of the contract would be the turning-point of the firm's fortunes—that the kudos derived from that prosperous enterprise would give the Brocklington Ironworks Company a world-wide advertisement and place them at the forefront of engineering contracting firms.
Upon putting the circumstances of the case before his brother-directors, Captain Mostyn carried his point. He told them that the immediate financial results of the contract would be small—in fact, almost insignificant—but once having beaten all rivals, British and foreign, the future success of the company was assured.
"Capital?" echoed Captain Mostyn, in answer to a question from one of his fellow-directors. "Capital? We can find the capital. It will be a tight squeeze, a terribly tight squeeze, but we'll do it with a slight margin to spare. Let me have a talk with the men, and I'll warrant that, if they have the good sense I credit them with, we'll pull the thing off successfully."
Without delay the managing director went down to Brocklington, where he had what he called a straight talk with the firm's employees. He told them straight that if their whole-hearted co-operation were not forthcoming the works would have to close down, and that, with the present state of unemployment, it would be difficult, almost impossible, for the six hundred hands to find work elsewhere.
"I'm asking you to make sacrifices," he went on. "For the present neither the directors nor the shareholders are making money, and naturally we cannot run this business as a charity concern. I therefore propose a general reduction of wages in order for us to quote competitive prices, so that we may secure the contract and provide constant work for all. I am also authorized by the board of directors to state that fifty per cent of the profits of the contract—mind you that amount will be comparatively small—will be apportioned as a bonus to the workpeople."
Before Captain Mostyn left Brocklington the matter was clinched, as far as the hands were concerned. There was a unanimous decision on the part of the workpeople to back up the firm, and once this step was decided upon Captain Mostyn knew that the greatest obstacle was removed, and that British grit and determination on the part of the employees would see the business through.