Hi Rhona,
If you are still interested I might have an answer. Morgan and Waide were taken to court in 1877 regarding the unpaid debts of the Lake District Hematite Co. of which they were two of the directors. It is referenced in a book I have if you want a copy of the entry? Also there is an article on the Durham Mining Museum website:
http://www.dmm.org.uk/news18/8771004.htmI am currently surveying the mine opened up by the company near Grasmere.
Cheers
Pete