The first and most important matter, however, was to secure an extension of the patent, which was soon to expire. If not renewed, the 15 years of study and toil, of poverty and anxiety, through which Watt had toiled, would prove profitless to the inventor, and the fruits of his genius would have become the unearned property of others. Watt saw, at one time, little hope of securing the necessary act of Parliament, and was greatly tempted to accept a position tendered him by the Russian Government, upon the solicitation of his old friend, Dr. Robison, then a Professor of Mathematics at the Naval School at Cronstadt. The salary was £1,000--a princely income for a man in Watt's circumstances, and a peculiar temptation to the needy mechanic.
Watt, however, went to London, and, with the help of his own and of Boulton's influential friends, succeeded in getting his bill through. His patent was extended 24 years, and Boulton & Watt set about the work of introducing their engines with the industry and enterprise which characterized their every act.
In the new firm, Boulton took charge of the general business, and Watt superintended the design, construction, and erection of their engines. Boulton's business capacity, with Watt's wonderful mechanical ability--Boulton's physical health, and his vigor and courage, offsetting Watt's feeble health and depression of spirits--and, more than all, Boulton's pecuniary resources, both in his own purse and in those of his friends, enabled the firm to conquer all difficulties, whether in finance, in litigation, or in engineering.
It was only after the successful erection and operation of several engines that Boulton and Watt became legally partners. The understood terms were explicitly stated by Watt to include an assignment to Boulton of two-thirds the patent-right; Boulton paying all expenses, advancing stock in trade at an appraised valuation, on which it was to draw interest; Watt making all drawings and designs, and drawing one-third net profits.
As soon as Watt was relieved of the uncertainties regarding his business connections, he married a second wife, who, as Arago says, by "her various talent, soundness of judgment, and strength of character," made a worthy companion to the large-hearted and large-brained engineer. Thenceforward his cares were only such as every business-man expects to be compelled to sustain, and the next ten years were the most prolific in inventions of any period in Watt's life.