FREE BOOKS

Author's List




PREV.   NEXT  
|<   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32  
33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   >>   >|  
member of the School Board from its inception, and chairman from 1891 till his death in 1901. Indeed, there was no interest in the town,--administrative, commercial and recreative,--in which he did not fill a conspicuous role. But, perhaps, of all his services to the community, none was more opportune or more prolific of far-reaching results than that happy inspiration of introducing Messrs. Davies and Savin. II. Still, it takes more than a couple of contractors, however enthusiastic, to construct a railway. Though the more visible, the organiser of the labour is not the only parent. Not less essential, in his creative function, is the capitalist; and even the powerful combination of capitalist and contractor is insufficient to carry matters to a practical conclusion without the expert guidance of the engineer. Nevertheless, Messrs. Davies and Savin, as the new partnership was termed, had not long to wait before their opportunity arrived. The great "railway mania" which reached its climax on that notable Sunday, November 30th, 1845, to be followed by the catastrophic bursting of the bubble, had left men rather sobered in their outlook upon the future possibilities of speculation in this alluring direction. It had witnessed the formulation of no fewer than 1,263 separate railway schemes, involving an (hypothetical) expenditure of 560 millions sterling, of which 643 got no further than the issue of a prospectus, while over 500 went through all the necessary stages of being brought before Parliament and 272 actually became Acts--"to the ruin of thousands who had afterwards to find the money to fulfil the engagements into which they had so rashly entered." Amongst these was a Bill for converting the Montgomeryshire Canal into a railway line, for which an Act was passed in 1846, but it was a hare-brained scheme and soon came to nought. Other proposals, however, developed into what promised, and have since proved, to be highly profitable enterprises. The western Midlands and North Wales had been linked by the line from Shrewsbury to Chester, which Mr. Henry Robertson, M.P., for the former town and afterwards for the County of Merioneth, in which his residence, Pale, near Corwen, was situate, had carried over the great viaducts of Chirk and Cefn. From Chester, Mr. Robert Stephenson, even more daring, had flung his extension of the North Western system, by way of "The magic Bridge of Bangor Hu
PREV.   NEXT  
|<   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32  
33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   >>   >|  



Top keywords:
railway
 

Messrs

 
Davies
 

capitalist

 
Chester
 
rashly
 
prospectus
 

entered

 

Montgomeryshire

 

converting


millions

 

engagements

 

Amongst

 

thousands

 

sterling

 

Parliament

 

hypothetical

 

passed

 

brought

 

fulfil


stages

 

expenditure

 

promised

 

situate

 
Corwen
 
carried
 

viaducts

 

County

 

Merioneth

 

residence


Bridge

 
Bangor
 
system
 

Western

 

Stephenson

 

Robert

 

daring

 

extension

 

Robertson

 
proposals

developed
 
involving
 

nought

 

brained

 
scheme
 

linked

 

Shrewsbury

 

Midlands

 

western

 
proved