Decline
In 1830 the company considered building a locomotive line from Derby to Smithy Houses, and two years later looked at the possibility of a locomotive line from Derby to Little Eaton. The first was surveyed by an engineer called Stephenson, presumed to be George Stephenson, but no further action was taken. Toll reductions were made from 1834, in an attempt to stay competitive, but by 1840 there were three main line railways in Derby. By 1845, tolls on the Little Eaton line were less than half what they had been five years earlier. The Derby and Gainsborough Company wanted to buy the Little Eaton line in 1846, and were quoted £30,000, as were the Midland Railway in 1847. Instead, they built a parallel line to Ripley, which opened in 1855.
Receipts fell from £8,180 to £2,556 between 1838 and 1868, and dividends for the same period fell from 10.5 per cent to 4 per cent. An attempt was made in 1872 to sell the whole canal to the Midland Railway for £90,000, without success, and a similar offer to the London and North Western Railway also failed. Traffic suffered further decline when Butterley Tunnel on the neighbouring Cromford Canal had to be closed. The Little Eaton gangway was closed in 1908, ten years after the action was first considered, and the Little Eaton branch followed on 4 July 1935, when the company obtained a warrant for its closure. Attempts to close the Sandiacre line in 1937 were thwarted by objections from Imperial Chemical Industries. Commercial traffic on the remainder of the canal ceased in 1945. In 1964 the canal company gained permission to close the rest of the canal. Over the next three decades, areas of the canal were built on while others were allowed to decay.
Read more about this topic: Derby Canal
Famous quotes containing the word decline:
“Where mass opinion dominates the government, there is a morbid derangement of the true functions of power. The derangement brings about the enfeeblement, verging on paralysis, of the capacity to govern. This breakdown in the constitutional order is the cause of the precipitate and catastrophic decline of Western society. It may, if it cannot be arrested and reversed, bring about the fall of the West.”
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