Railway Projects
There were a number of abortive projects to convert the route of the canal into a railway. In September 1845 a special general assembly of the proprietors approved the sale of the canal at the price of one million pounds to a group of businessmen who had formed the Regent's Canal Railway Company for the purpose. The advertisement for the company explained:
The vast importance of this undertaking, whereby a junction will be effected between all existing and projected railways north of the Thames, combined with the advantage of a General City Terminus, is too obvious to require comment. By the proposed railway, passengers and goods will be brought into the heart of the City at a great saving of time and expense, and facilities will be afforded for the more expeditious transmission of the mails to most parts of the kingdom.
The railway company subsequently failed, but in 1846 the directors of the canal went about trying to obtain an Act of Parliament to allow them to build a railway along its banks. The scheme was abandoned in the face of vigorous opposition, especially from the government who objected to the idea of a railway passing through Regent's Park. In 1859, two further schemes to convert the canal into a railway were proposed. One, from a company called the Central London Railway and Dock Company, was accepted by the directors, but once again the railway company failed. In 1860 the Regent's Canal Company proposed a railway track alongside the canal from Kings Cross to Limehouse, but funds could not be raised. Further schemes over the next twenty years also came to nothing.
In 1883, after some years of negotiation, the canal was sold to a company called the Regent's Canal and City Docks Railway Company. at a cost of £1,170,585. The company altered its name to the North Metropolitan Railway and Canal Company in 1892, but no railway was ever built; instead it raised money for dock and canal improvement and eventually, in 1904, became the Regent's Canal and Dock Company.
Read more about this topic: Regent's Canal, History
Famous quotes containing the words railway and/or projects:
“Her personality had an architectonic quality; I think of her when I see some of the great London railway termini, especially St. Pancras, with its soot and turrets, and she overshadowed her own daughters, whom she did not understand—my mother, who liked things to be nice; my dotty aunt. But my mother had not the strength to put even some physical distance between them, let alone keep the old monster at emotional arm’s length.”
—Angela Carter (1940–1992)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)