For a time it looked as though the new vehicle was destined to a permanency and to accomplish a revolution in the methods of travel on the high-roads. But several things arose to determine otherwise. There sprang up an unreasoning senseless hostility to any substitute for the horse as the agent of vehicular traffic. The stage-coach drivers were afraid that they would be thrown out of work. Breeders of horses foresaw the destruction of their business, when horses should no longer be in demand. Farmers were sure that with horses superseded by steam, they would never be able to sell any more oats. This public animosity manifested itself wherever the steam carriages went. The coaches were hooted at and stoned amid cries of "down with machinery." Stones and other obstacles were placed in the roads, trenches were dug to trap the unsuspicious driver and stretches of roadway were dug up and made into quagmires to stall the machines. Parliament was called upon and enacted excessive highway tolls, especially directed at steam carriages. Another law that stood on the statute books of Great Britain until within comparatively recent times compelled every self-propelled vehicle moving on the highway to be preceded by a man walking and carrying a red flag. THE BEGINNING OF RAILROADS All this was undoubtedly due, in a large measure, if not wholly, to what was then known as the Turn Pike Trusts, which, in conjunction with the stage-line companies, in many cases, were owners of a thousand and more horses. The latter, quite naturally, objected to the introduction of the mechanical vehicle, while the former had such relations to them that both their interests were identical. But above all things, the great art of railroading had already grown from infant existence to a condition of great possibilities, which were now to be finally determined by a success, not alone mechanical and in the eyes of the inventor, but measured by the balance sheets of the companies of individuals who had made possible the construction of the various experimental locomotives or experimental lines then being operated in England and elsewhere. Just at this time, in the thirties of the nineteenth century, seems to have been the crucial point. The arguments of the engineers on the question of sufficient traction of the iron-shod wheels on iron or other hard railways, while given due consideration, were not wholly convincing, at least to the people investing their money in the enterprises; the profits were to tell in the final conclusion, and it would seem that the great era of railroading might be considered to have had its actual birth at this time, because: The first dividend was paid on one of the great railroad enterprises. INFLUENCE OF THE FIRST DIVIDEND