Up: Hayward
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indication that he gave Eckstein his head, remaining in the background,
as he had during his brother's lifetime, ready to give counsel and
advice.
To simplify manufacture, it was arranged
to form a separate company, the Southwark Foundry Company, whose
functions would be to make iron castings required by Hayward Brothers
and Eckstein. For this purpose, a site was purchased in Orange
Street, off Union Street, adjoining the firm's premises. Here,
a new foundry was built equipped with the most modern facilities and
the latest types of plant. Haywards' own works, although efficient
and extensive, had necessarily grown up bit by bit from the days of
Glover and Henly in their single cottage. Such development lacked
cohesion and the advantages of overall planning and design. These,
it was determined, the new foundry should possess.
Originally, it had also been planned that
in addition to Haywards' requirements, the new company should
accept outside orders, which proved so formidable that they soon
monopolised the foundry. Ways and means of satisfying the
ever-increasing demands of production had therefore to be considered.
In 1891, William Hayward retired from the
business with which he had been so closely connected for over forty
years. This not only severed a personal link but brought the long
family saga to a close. Neither he nor his brother, Edward, had had
a son and such Hayward cousins as they knew were pre-occupied with
their own businesses.
Writing many years ago, H. T. Walker recorded
this event: "We not regretfully part company with so brilliant a member
of the firm," a sentiment here repeated without its context because
those words where written by a man not only with forty years' service
to his own credit but by one who, if he did not actually work with
William Hayward, knew and spoke with many others whose memories went
back to the time when William Hayward was a young and enthusiastic
junior partner under his elder brother.
William Hayward lived in retirement for eleven
years after he withdrew from active participation in the business and
died in
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