CLC Is Formed and Finds Modest Success
In January 1900, following the decision of both the CPR and the GTR to build their own locomotives, the CL&EC once again became insolvent, and the plant was closed. It was bought by new investors and incorporated in February 1901 as the Canadian Locomotive Company Ltd. Improvements followed which allowed production of one locomotive per week. Reorganization once again took place under new management in June 1911 although the name remained the same.
CLC contributed to the war effort in two world wars by manufacturing armaments and munitions, as did the competing shops of the Montreal Locomotive Works, the CPR, and others. Large numbers of locomotives were also built for the war effort and for reconstruction afterwards.
By the end of World War II steam technology was at its peak, but production was declining except for exports to France, Belgium and India. CLC felt its future lay with diesel locomotives, but lacking expertise it sought out opportunities with existing builders in the United States.
Read more about this topic: Canadian Locomotive Company
Famous quotes containing the words formed, finds, modest and/or success:
“Obviously the facts are never just coming at you but are incorporated by an imagination that is formed by your previous experience. Memories of the past are not memories of facts but memories of your imaginings of the facts.”
—Philip Roth (b. 1933)
“Every one finds by his own experience, as well as in history, that the era in which men cultivate the apple, and the amenities of the garden, is essentially different from that of the hunter and forest life, and neither can displace the other without loss.”
—Henry David Thoreau (18171862)
“Men sometimes feel injured by praise because it assigns a limit to their merit; few people are modest enough not to take offense that one appreciates them.”
—Luc, Marquis de Vauvenargues (17151747)
“Men of extraordinary success, in their honest moments, have always sung, Not unto us, not unto us. According to the faith of their times, they have built altars to Fortune, or to Destiny, or to St. Julian. Their success lay in their parallelism to the course of thought, which found in them an unobstructed channel; and the wonders of which they were the visible conductors seemed to their eye their deed.”
—Ralph Waldo Emerson (18031882)