gone by when, as they had done a little previously, a firm of London solicitors could refuse the business of the Brighton line on the plea that coaches would drive off the trains in a month. From 1836 and onward the Liverpool and Manchester, the London and Birmingham, and the North Midland lines were all paying ten per cent. During 1846, the year of the railway mania, 440 railway Bills passed authorizing the construction of 8,470 miles and the raising of £180,138,901. This was the zenith of the shortlived splendour of George Hudson, the railway King. He has been seen already in these pages, amid the Hyde Park crowd in the early forties, resting his large heavy person in his wife's chariot. The man himself had first become known on the City Board of Health in York. Afterwards he was elected Mayor of his native town. In that capacity he made the acquaintance of George Stephenson. In 1845 the son of the York linendraper, now a power in the railway world was returned to the House of Commons as Member for Sunderland. His parliamentary career is alone, if at all, remembered to-day by the frequent encounters on the floor of the House between himself and Mr Bernal Osborne. Diverting memories of these were often recalled for the benefit of his friends by Hudson's antagonist, with the generous admission of the raconteur that he had, in the ex-King, usually found his match, if not in humorous retort and thrust, yet in substantial argument. Two years after the 'King' drove the engine which took the Queen and her Consort to Cambridge, suspicions of Hudson's motive and conduct took (April 19, 1849) a definite shape. The shareholders of the Midland demanded a Committee of Inquiry. The incriminated Chairman resigned his post, and quietly accepted his permanent eclipse. It was noticed to his credit at the time, and has not since been denied, that he made no efforts at self exculpation, disclosed no names or confidential transactions, and thus refused, as unquestionably it was in his power to do, to associate persons of the highest consideration with himself in his fall. Hudson was only the type of a class whose members were invested by the railway passion of the period with brief splendour and unsubstantial prosperity. In the Upper House, Lord Clanricarde mentioned how Charles Guernsey, a broker's clerk, had subscribed fifty-two thousand pounds for shares in the London and York line. This was the undoubted original of Thackeray's 'de la Pluche.' The total of his gains appears to have amounted to thirty thousand pounds. The essential facts of the sequel with very little of fictitious amplification are given by the novelist.