History
The canal obtained its Act of Parliament in 1763 (although the canal had been planned as far back as 1756) and construction started in 1767. The canal opened in 1770. The canal cost £28,000 to build and was able to carry seagoing boats.
For much of its life the canal was leased by the Chaplin family who were able to run it at something of a profit with estimated tolls getting as high as £5000 a year in the late 1820s.
The coming of the railways lead to a decline in the use of the canal and the First World War killed what traffic was left. The final blow was the devastation caused by the Louth Flood of 1920 to the Riverhead area, the terminus of the canal. The canal closed in 1924.
Read more about this topic: Louth Navigation
Famous quotes containing the word history:
“When the coherence of the parts of a stone, or even that composition of parts which renders it extended; when these familiar objects, I say, are so inexplicable, and contain circumstances so repugnant and contradictory; with what assurance can we decide concerning the origin of worlds, or trace their history from eternity to eternity?”
—David Hume (1711–1776)
“Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.”
—Andrew Jackson (1767–1845)
“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
—Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)