Peccavi by E.W. Hornung

Wilton Gleed owed his success in life to a natural bent for the politic virtues, and to the quality of energy unalloyed by enterprise. He was a man of much shrewdness and extraordinary tenacity, but absolutely no initiative; so he had taken his opportunities and held his ground without running a risk that he could remember. Not a self-made man, he was, however, the son of one who had made himself by dint of that very enterprise which was lacking in Wilton Gleed. The father had seen a certain want and filled it to the satisfaction of the wide world; the son had extended the business without meddling with the product of the firm. Monopolies die hard. Gleed & Son did nothing to deserve a swift demise. They just stalked behind the times, and appeared to thrive on a sublime contempt of competition.

And those who knew him best were the most surprised when Wilton Gleed turned the great concern into a limited liability company, and made a fortune out of the transaction alone; it was the most daring thing that he had ever done.