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Archive Reference / Library Class No.D3580/C/655
TitleWL[Longsdon]'s manuscript notes from resolutions adopted at meeting of Great Western shareholders held at London Tavern, 6 April 1854. S Laing Chairman.
Necessary to discourage unnecessary and premature competition, purchases and amalgamation of subsidiary lines and construction of unprofitable branches until success of main track are fully secured. Policy of English shareholders not to aim at oppressive monopoly but co-operate with local interests in carrying out comprehensive well considered system of railways in connection with main lines for supply of all legitimate wants of district.
That question of Erie and Ontario purchases proceeding with Sawnia and other branches be referred to a committee before proxies of English shareholders are given and Directors in Canada in meantime requested to postpone any step committing company for expenditure not strictly confined to present main line. Committee 7 members included 3 Members of Parliament. S Laing, J B Smith, and J Baird.
Committee appointed issued following circular to Great Western shareholders in England.
Considering questions affecting interests of Great Western Railway of Canada arising out of prosposed purchases of Erie and Ontario Railway, construction of Sawnia and other branches, closing of capital account and measure for developing traffic, expediency of alliance with Grand Trunk Railway Co. and relations with different American Railroad Companies connected with Great Western. Committee needs more ample information.
Levelfile
RepositoryDerbyshire Record Office
Archive CreatorLongsdon family of Little Longstone
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