The Life of George Stephenson and of his Son Robert Stephenson: Comprising Also a History of the Invention and Introduction of the Railway LocomotiveSmiles, Samuel
History
The Life of George Stephenson and of his Son Robert Stephenson: Comprising Also a History of the Invention and Introduction of the Railway Locomotive
The details of the working were gradually perfected by experience,
the projectors of the line being scarcely conscious at first of the
importance and significance of the work which they had taken in hand,
and little thinking that they were laying the foundations of a system
which was yet to revolutionize the internal communications of the
world, and confer the greatest blessings on mankind. It is important
to note that the commercial results of the enterprise were considered
satisfactory from the opening of the railway. Besides conferring
a great public benefit upon the inhabitants of the district, and
throwing open entirely new markets for the almost boundless stores
of coal found in the Bishop Auckland district, the profits derived
from the traffic created by the railway enabled increasing dividends
to be paid to those who had risked their capital in the undertaking,
and thus held forth an encouragement to the projectors of railways
generally, which was not without an important effect in stimulating
the projection of similar enterprises in other districts. These
results, as displayed in the annual dividends, must have been eminently
encouraging to the astute commercial men of Liverpool and Manchester,
who were then engaged in the prosecution of their railway. Indeed, the
commercial success of the Stockton and Darlington Company may be justly
characterized as the turning-point of the railway system. With that
practical illustration daily in sight of the public, it was no longer
possible for Parliament to have prevented its eventual extension.
Public-domain text, read in full here on John Shaqi.
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