England -- Social life and customs; Gambling -- Great Britain
which broke the passage lamp in their fall. They were thrown back into
the street; and when the door was again opened, again went in the
plans, only to meet a similar fate. In the whole, upwards of 600 plans
were duly deposited.”
Mr Francis, in his “History of the English Railway,” says: “The daily
press was thoroughly deluged with advertisements; double sheets did not
supply space enough for them; double doubles were resorted to, and,
then, frequently, insertions were delayed. It has been estimated that
the receipts of the leading journals averaged, at one period, £12,000
and £14,000, a week, from this source. The railway papers, on some
occasions, contained advertisements that must have netted from £700
to £800 on each publication. The printer, the lithographer, and the
stationer, with the preparation of prospectuses, the execution of maps,
and the supply of other requisites, also made a considerable harvest.
“The leading engineers were, necessarily, at a great premium. Mr Brunel
was said to be connected with fourteen lines, Mr Robert Stephenson with
thirty-four, Mr Locke with thirty-one, Mr Rastrick with seventeen, and
other engineers with one hundred and thirteen.
“The novelist has appropriated this peculiar portion of commercial
history, and, describing it, says, gravely and graphically: ‘A Colony
of solicitors, engineers and seedy accountants, settled in the purlieus
of Threadneedle Street. Every town and parish in the kingdom blazed out
in zinc plates over the doorways. From the cellar to the roof, every
fragment of a room held its committee. The darkest cupboard on the
stairs contained a secretary or a clerk. Men who were never seen east
of Temple Bar before, or since, were, now, as familiar to the pavement
of Moorgate Street,[63] as the Stockbrokers: ladies of title, lords,
members of Parliament, and fashionable loungers thronged the noisy
passages, and were jostled by adventurers, by gamblers, rogues and
impostors.’
“The advantages of competition were pointed out, with the choicest
phraseology. Lines which passed by barren districts, and by waste
heaths, the termini of which were in uninhabitable places, reached a
high premium. The shares of one Company rose 2400 per cent. Everything
was to pay a large dividend; everything was to yield a large profit.
One railway was to cross the entire Principality without a single curve.
“The shares of another were issued; the company formed, and the
directors appointed, with only the terminal points surveyed. In the Ely
railway, not one person connected with the country through which it was
to pass, subscribed the title-deed.
Public-domain text, read in full here on John Shaqi.
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