Decline
Perhaps unwisely, North British supplied many of its diesel and electric locomotives to BR at a loss, hoping to make up for this on massive future orders that never came. This and the continuing stream of warranty claims to cure design and workmanship faults proved fatal - North British declared bankruptcy on 19 April 1962. Because of the unreliability of its UK diesel and electric locomotives, all were withdrawn after comparatively short lifespans. The Atlas works site is now an industrial estate and the Hyde Park works site is now the campus of North Glasgow College.
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Famous quotes containing the word decline:
“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
—Eric Hoffer (1902–1983)
“Reckoned physiologically, everything ugly weakens and afflicts man. It recalls decay, danger, impotence; he actually suffers a loss of energy in its presence. The effect of the ugly can be measured with a dynamometer. Whenever man feels in any way depressed, he senses the proximity of something “ugly.” His feeling of power, his will to power, his courage, his pride—they decline with the ugly, they increase with the beautiful.”
—Friedrich Nietzsche (1844–1900)
“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.”
—Walter Lippmann (1889–1974)