The Story of the Cambrian: A Biography of a Railway — John Shaqi
The Story of the Cambrian: A Biography of a RailwayGasquoine, C. P. (Charles Penrhyn)
History
The Story of the Cambrian: A Biography of a Railway
Gasquoine, C. P. (Charles Penrhyn)
Cambrian Railway
Nevertheless, it was no small undertaking. The Vyrnwy had to be crossed
at Llanymynech and the Severn at Pool Quay and again near Buttington.
The rest of the line was comparatively free from serious engineering
problems, but fresh Parliamentary powers had to be obtained to construct
a branch from Llynclys to the Porthywaen lime quarries, and even a little
addition of this sort involved endless correspondence over details and
other wearing worries. Difficulties of another sort, more formidable,
began to appear. The Earl of Powis, whose influence counted for so much,
expressing regret for certain differences which had arisen in relation to
the policy of the Board, wrote to Sir Watkin resigning his seat, adding
the warning note, "I think you should for your own sake watch somewhat
jealously the proceedings with regard to the contract." Sir Watkin
hastened to assure his lordship of the "grief and astonishment" which his
withdrawal had occasioned his colleagues and to deprecate divisions at
critical hours.
And it certainly was a critical hour. Money was urgently wanted,
borrowing was barred until provisions of the Act were complied with, and
though an attempt by Mr. Barlow to seek an injunction in Chancery failed
after a hard struggle, the contract had to be dissolved in order to
substitute an arrangement by which payment could be made by shares and
debentures in lieu of cash. It was on this account that Messrs. Davidson
and Oughterson, who had earlier succeeded Messrs. Thornton and McCormick,
in turn gave place to the men who had already come to the rescue of the
Newtown and Llanidloes undertaking.
Public-domain text, read in full here on John Shaqi.
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