Never had there occurred, in the history of joint-stock enterprise, such another day as the 30th of November, 1845. It was the day on which a madness for speculation arrived at its height, to be followed by a collapse terrible to many thousand families. Railways had been gradually becoming successful, and the old companies had, in many cases, bought off, on very high terms, rival lines which threatened to interfere with their profits. Both of these circumstances tended to encourage the concoction of new schemes. There is always floating capital in England waiting for profitable employment; there are always professional men looking out for employment in great engineering works; and there are always scheming moneyless men ready to trade on the folly of others. Thus the bankers and capitalists were willing to supply the capital; the engineers, surveyors, architects, contractors, builders, solicitors, barristers, and Parliamentary agents were willing to supply the brains and fingers; while, too often, cunning schemers pulled the strings. This was especially the case in 1845, when plans for new railways were brought forward literally by hundreds, and with a recklessness perfectly marvellous. By an enactment in force at that time, it was necessary, for the prosecution of any railway scheme in Parliament, that a mass of documents should be deposited with the Board of Trade, on or before the 30th of November in the preceding year. The multitude of these schemes in 1845 was so great that there could not be found surveyors enough to prepare the plans and sections in time. Advertisements were inserted in the newspapers offering enormous pay for even a smattering of this kind of skill. Surveyors and architects from abroad were attracted to England; young men at home were tempted to break the articles into which they had entered with their masters; and others were seduced from various professions into that of railway engineers. Sixty persons in the employment of the Ordnance Department left their situations to gain enormous earnings in this way. There were desperate fights in various parts of England between property-owners who were determined that their land should not be entered upon for the purpose of railway surveying, and surveyors who knew that the schemes of their companies would be frustrated unless the surveys were made and the plans deposited by the 30th of November. To attain this end, force, fraud, and bribery were freely made use of. The 30th of November, 1845, fell on a Sunday; but it was no Sunday at the office near the Board of Trade. Vehicles were driving up during the whole of the day, with agents and clerks bringing plans and sections. In country districts, as the day approached, and on the morning of the day, coaches-and-four were in greater request than even at race-time, galloping at full speed to the nearest railway station. On the Great Western Railway an express train was hired by the agents of one new scheme.