The working of the line then commenced, and the results were such as to
surprise even the most sanguine of its projectors. The traffic upon
which they had formed their estimates of profit proved to be small in
comparison with that which flowed in upon them which they had never
dreamt of. Thus, what the company had principally relied upon for their
receipts was the carriage of coals for land sale at the stations along
the line, whereas the haulage of coals to the seaports for exportation to
the London market was not contemplated as possible. When the bill was
before Parliament, Mr. Lambton (afterwards Earl of Durham) succeeded in
getting a clause inserted, limiting the charge for the haulage of all
coal to Stockton-on-Tees for the purpose of shipment to ½d. per ton per
mile; whereas a rate of 4d. per ton was allowed to be taken for all coals
led upon the railway for land sale. Mr. Lambton’s object in enforcing
the low rate of ½d. was to protect his own trade in coal exported from
Sunderland and the northern ports. He believed, in common with everybody
else, that the ½d. rate would effectually secure him against competition
on the part of the Company; for it was not considered possible to lead
coals at that price, and the proprietors of the railway themselves
considered that such a rate would be utterly ruinous. The projectors
never contemplated sending more than 10,000 tons a year to Stockton, and
those only for shipment as ballast; they looked for their profits almost
exclusively to the land sale. The result, however, was as surprising to
them as it must have been to Mr. Lambton. The ½d. rate which was forced
upon them, instead of being ruinous, proved the vital element in the
success of the railway. In the course of a few years, the annual
shipment of coal, led by the Stockton and Darlington Railway to Stockton
and Middlesborough, was more than 500,000 tons; and it has since far
exceeded this amount. Instead of being, as anticipated, a subordinate
branch of traffic, it proved, in fact, the main traffic, while the land
sale was merely subsidiary.
Public-domain text, read in full here on John Shaqi.
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