SOUTH-EASTERN RAILWAY. GENERAL STATEMENT OF THE POSITION AND PROJECTS OF THE COMPANY. 1845-6. LONDON: PRINTED BY C. ROWORTH AND BELL YARD, TEMPLE BAR. SONS, v. ECONOMICS, ¡f\vj i Otó, Üi G a ÍKf EXuhau South-Eastern Railway Office, London Terminus, 27th December, 1845. The Directors of The South-Eastern Railway have con¬ sidered it desirable to place before the Proprietors a State¬ ment of the position of the Company, with reference to the projects which it is intended to present to Parliament in the next Session. In doing this, it will be necessary to refer in some detail to past events, and to trace the pro¬ gress of the Company from an early date. It is apparent to those who have the responsible management of the affairs of this Company, that its inte¬ rests have suffered from the want of a full understanding of its position and policy, and this more especially in the districts through which a large portion of the proposed new works will pass. Rival projects have arisen, and misrepresentations have been put forth. The Directors have hitherto abstained from any notice of these misre¬ presentations, being satisfied that the soundness of the extensions which they should have to present would form the best answer, and that the character of their policy would be better exemplified by their acts than by any professions in anticipation; but they consider that the time has now come when a sense of justice to the Share¬ holders requires that an explicit statement of their position should be made, in order to bring their case fully and fairly before the public and the local interests of the dis¬ trict. With this view they are taking steps to have the whole of the Evidence given before the Committee of the b 2 ( 4 ) House of Commons of last Session on the Kentish Lines of Railway printed, feeling confident that its perusal will afford the best answer to the misrepresentations of rival parties, and will lead any unprejudiced mind to the same conclusion as the Committee, by whom the competing North Kent projects were unanimously rejected. In the meantime, however, they think it desirable briefly to recapitulate a few of the leading facts connected with the position of the South-Eastern Company, in order to enable their Shareholders, and the public of the South- Eastern district, to understand distinctly and appreciate the principles upon which they claim the sanction of Par¬ liament for the schemes proposed by them to complete the South-Eastern Railway system. The construction of a Railway through the County of Kent was first projected in the year 1825, and surveys were then made, and again in 1832 and 1835. Those who have seen the South-Eastern District only under its recent excitement on the question of Railway Communi¬ cation, can have little notion of the change of feeling which has taken place on the subject since those dates. The Promoters of a Railway from London to Dover ex¬ amined the country on the Northern side of the County. The project met with no local encouragement from the Towns, and with violent and almost universal opposi¬ tion among the Landed Proprietors. The system was not understood either in or out of Parliament. The powers of the Locomotive were little known, and it ap¬ peared that, to obtain in that direction the gradient then considered as the maximum surmountable by the engine, enormous expense must be incurred. The capacity of a Railway to compete successfully with parallel Steam Navigation had not been brought to the test, and the results of such a competition were distrusted. The passage of the Medway at Rochester was con- ( 5 ) sidered a.barrier almost insurmountable; and tbose wbo had the guardianship of the bridge shrunk from even communicating with a party who could be so wildly spe¬ culative as to propose a Railway from London to Dover. Between Canterbury and Dover too, the Works (difficult even now with all the intermediate experience) were con¬ sidered as entirely beyond the reach of any remunerative scheme, and parks and pleasure grounds intervened, which could not be avoided. To attempt to pass through these with a Railway was, with the then state of feeling in Par¬ liament, too extravagant to be thought of. The force of public opinion has long since brought such objections to their true bearing, and it is difficult now to appreciate the importance which attached to them in the early days of the Railway System. They were sufficient, however, in 1832 and 1833 to extinguish the projects in that direction. The period had not arrived for a Railway in North Kent. The parties who promoted the South-Eastern Line en¬ tered on the subject after a considerable interval subse¬ quent to the abandonment of the early projects through North Kent. They satisfied themselves that the true Line for a Railway to Dover lay through Maidstone. Surveys were made and the district was examined ; and, after these steps, application was made to the principal landowners along the Line. Deputations visited Maidstone and other places in the district. They were, however, met here, as on the northern side of the county, with the most decided opposition. The leading parties in Maidstone almost una¬ nimously declared, not against the Line in question only, but against any Line of Railway whatever through Kent ; and throughout Maidstqne and the vicinity, after much exertion, not a single individual could be found to support the project, whilst for many miles in each direction, the landowners combined to oppose it. These steps were taken in 1834 and 1835, It is scarcely possible to convey ( 6 ) now an accurate idea of the ridicule and contempt with which the project of any Line of Railway whatever to Dover was at that time treated in Mid Kent. In 1835 the London and Croydon Railway Bill passed. The success of this measure before Parliament was ma¬ terially aided by the circumstance of its not affecting pre¬ judicially any important private property, and adopting the Line of the old Canal, which had proved a failure. There was at the same time, in 1835, a strong expression in Parliament, that the country should not be " cut up" in various directions by Railways, but that the existing outlets should be adopted as far as possible. The Croydon Railway was indicated as the outlet both for Kent and for Brighton ; and the Promoters finding themselves ex¬ cluded by the local opposition from the more direct course, decided on adopting the Croydon Railway and the Weald Line, following out the principle then laid down, by making it for the first distance out of London common to a Line to Brighton. The Projectors of the South-Eastern Line were from the first aware of the imperfections of the Croydon Rail¬ way as a main outlet ; and they accordingly, in their first plans, surveyed and deposited a Line from the South¬ western Railway to Croydon ; but on coming into Parlia¬ ment in 1836, they received from the then Speaker a strong intimation that no second outlet would be permitted to the South ; and acting on this intimation, they abandoned the part of their project which lay between Croydon and Wandsworth, and commenced their Line at the termina¬ tion of the Croydon Railway at Croydon. The Line through Tunbridge and the Weald of Kent was strongly supported by many of the most influential landowners and the district generally ; and the inhabit¬ ants of the large towns north of the Line had at the first too mean an opinion of the capabilities of a Railway to ( 7 ) view it with any jealousy. As the South-Eastern Com¬ pany proceeded and gained strength the subject excited more attention, and the spirit of speculation which arose in the spring of 1836 much contributed to this. Two parties came forward when the Bill was before Parliament with rival schemes, but although it was strongly opposed on these and other grounds in its later stages, it passed by a large majority. The following extract from the Report of the Committee of the House of Commons will illustrate the state of opi¬ nion, in 1836, on the subject of the Kentish Lines, and the extent of accommodation which would be required. " That the South-Eastern Line, independent of the engineering advantages presented by the great extent of natural level through the Weald of Kent, appeared to your Committee to be superior to both the said contemplated Lines* in its essential features as connecting London with Dover and the Continent ; that it traverses the centre of the district between the Thames and the British Channel in a line nearly straight, and level for a distance of upwards of forty miles, where no means of water communication exist; that the agricultural districts in the Weald of Kent are greatly in want of improved communications, and that the Line of the South-Eastern Railway forms a Main Trunk, which, from its central direction, presents facilities of extension, by means of Branches on both sides, not only to most of the principal towns in the county of Kent, but also to several important districts in Surrey and in East Sussex, and to the southern coast, the towns and fisheries of which will de¬ rive from it the most essential benefits. * The Central Kent Line and the North Kent Line. ( 8 ) " That the Promoters of the Line called the ' Central Kent Railway' failed in proving their caseto the satisfaction of your Committee, in an engineering point of view, and that such Line is, from its direction, not calculated to afford such extended advantages as the South-Eastern Railway. " That the engineering Evidence on the Northern Line, or Kent Railway, did not establish a case in detail before your Committee ; but it appears to be a Line which, as connecting the Port of Ramsgate, and other large towns in the North of Kent with London, and showing public advantages, may, for such purposes, entitle it to consideration hereafter, provided it could be shown that such a Line may be accomplished without insuperable engineering difficulty. But your Committee do not, for the reasons before stated, consider it eligible as a Line from London to Dover." The extent to which the principle of Parliament—that what was then termed the unnecessary intersection of the country by Railways should, as far as possible, be dis¬ countenanced—was carried in 1836, was most forcibly illustrated in the House of Lords in that year, in the case of Mr. Stephenson's Brighton Line, through Leatherhead, Dorking, and Horsham. This Line had, after a severe contest, been adopted by the House of Commons by a large majority, but before it reached the House of Lords the South-Eastern Bill had received the Royal Assent. The mere suggestion of this fact—that there was a Line recently granted, which passed for twenty miles South in a direction which might be available for Brighton also— was sufficient to induce the Lords to throw out the Bill through Leatherhead and Dorking. ( 9 ) The same principle was in the instance of the South- Eastern Railway carried to a still further extent in 1837, when the Brighton Railway Act (adopting the Line by Croydon and Reigaté) passed. In this Act it is recited that The Line of a certain intended Railway, called the South-Eastern Railway, as already authorized by Parlia¬ ment to be made from the London and Croydon Railway to Dover, by an incorporated Company called the South- Eastern Railway Company, passed, for a considerable dis¬ tance, in a direction nearly parallel and approaching to the Line of the said London and Brighton Railway, thereby authorized to be made, and the last thereinbefore men¬ tioned Line might be made available for that distance for the purposes of the traffic from London to Dover, as well as to Brighton, by which, and by the abandonment of the parallel portion of the Line of the said South-Eastern Rail¬ way, much expenditure of money and much intersection of the country might be very advantageously avoided. And it was enacted, that if the said South-Eastern Railway Company, within the time therein mentioned, should be authorized to divert their Railway, so as to form a Junction with the Brighton Railway thereby authorized to be made, the Brighton Railway Company should sell to the South- Eastern the part of their Line North of Reigate, which would be used as the outlet common to both. In pursuance of this provision Parliament sanctioned an Act, whereby the South-Eastern Line, which, as originally laid down, passed independently through the Great Surrey Chalk Range at Oxted, was diverted so as to form a junction with the Brighton Line at Reigate. The passage of the Chalk Range was thus effected through Merst- ham, by a Line common to both. The distance to Dover was, it will be seen, increased, but that was considered as of no importance, as compared with the maintenance of the principle above stated. ( 10 ) In conformity with, and upon the faith of the principles thus laid down by Parliament, the Trunk Line of the pre¬ sent South-Eastern Railway was constructed from Reigate to Dover. The same principle of supplying the South-Eastern district by Branches from the Main Line, as pointed out by the Committee of 1836, has been further acted on by Parliament, by sanctioning, in 1843, the Branch from Paddock Wood in the Weald of Kent, to Maidstone ; in 1844, the Branch from Ashford to Canterbury, Ramsgate and Margate; in 1845, the Branch from Ashford to Rye and Hastings ; and in the same year that from Tunbridge to Tunbridge Wells, and that from Minster in Thanet, to Sandwich and Deal. The title and designation of the Corporation, as the South-Eastern Railway Company, shows distinctly what was intended. It was not a Com¬ pany for supplying railway communication between Lon¬ don and Dover only, but for the whole South-Eastern district ; and a reference to the map will show that, by the existing Lines of the Company, and those sanctioned by Parliament and in course of construction, this object has been in a great measure attained. Canterbury, Dover, Deal, Ramsgate, Margate, Folkestone, Whitstable, Maid¬ stone, Ashford, Tunbridge, Tunbridge Wells, Greenwich, and in fact almost every town of large population in the district, except Woolwich, Gravesend, Rochester, Chatham, and Faversham, are already provided with Railway com¬ munication by Lines of the South-Eastern Company. The course, it is true, is circuitous in many instances, but this was the defect of the times. The importance of the sys¬ tem was not then understood ; now it is understood, and the South-Eastern Company seek to supply the deficiencies which time and the progress of opinion have shown to exist. ( Il ) Incorporated for these purposes, and acting under the sanction of these Parliamentary decisions, the South- Eastern Company have invested the sum of Four Millions Five Hundred Thousand Pounds in the construction and purchase of the various Works now in their possession, which require a further outlay of Six Hundred and Twenty Thousand Pounds to complete the Branches granted to them by Parliament last Session. The position of the Company with reference to existing Works is as follows. Commencing at London Bridge the London and Green¬ wich Railway, and Works connected with it, have, under Parliamentary authority, been leased in perpetuity to the South-Eastern Company; and the Station of the Green¬ wich Railway at London Bridge is held by the South- Eastern Company separately and distinct from the Joint Station of the South-Eastern, Croydon and Brighton Companies, which adjoins it on the south. The total length of the Greenwich Railway is three miles and three quarters. It was widened, under Parliamentary powers granted in 1840, by laying down two additional Lines of Rails on the south for the use of the long Lines. These additional Lines are comprised in the lease to the South- Eastern Company. The total cost of the Greenwich Rail¬ way and its appurtenances has exceeded a million ster¬ ling. The Bricklayers' Arms Branch and Station was originally constructed at the joint cost of the South- Eastern and the Croydon Companies. It is now the sole property of the South-Eastern Company. It is one mile and three quarters in length, and its cost has been Two Hundred and Fifty Thousand Pounds. The two main outlets from London up to the junction with the Croydon Railway are therefore the property of the South-Eastern Company. From such junction to the point where the Brighton ( 12 ) Railway diverges near Croydon, a distance of about eight miles, the Croydon Line is used under an agreement to pay a proportionate toll according to distance. From Croydon to Reigate, a distance of twelve miles, the South- Eastern and Brighton Companies hold the Line in equal half-parts; The first six miles, commencing from the Croy¬ don Railway, are the property of the Brighton Company, and the next six miles, down to the Reigate Station, are the property of the South-Eastern. Each Company has the right to carry its traffic over the whole twelve miles, without paying toll to the other. The South-Eastern Company have paid to the Brighton Company one half of the total cost of the twelve miles, amounting to upwards of Three Hundred Thousand Pounds. From Reigate to Dover, a distance of sixty-seven miles, constitutes the Main Trunk of the South-Eastern Line, passing througli Edenbridge, Godstone, Penshurst, Tun- bridge, and thence through the Weald of Kent to Ashford, Folkestone and Dover. At Tunbridge the Branch to Tunbridge Wells com¬ mences ; the length is five miles. It was opened for public traffic in October last. From the Paddock Wood Station, six miles east of Tun- bridge, the Branch to Maidstone turns off ; it is ten miles in length, following throughout the course of the Medway ; it was opened for public traffic in September, 1844, as a single Line, but a double Line is in progress, and will be complete in the spring of 1846. From the Station at Ashford, the Branch to Canter¬ bury, Ramsgate, and Margate leaves the Main Line. This Branch is thirty-three miles and three quarters in length ; it follows throughout to the Isle of Thanet the Valley of the River Stour, passing by Wye and Chilham to Canter¬ bury, fourteen miles and a half from Ashford ; thence to ( 13 ) Minster, eleven miles from Canterbury ; thence to Rams- gate, four miles further, and thence to Margate, about four miles. The Line throughout the Valley of the Stour is almost entirely on the level, and the gradients are excellent; the Line will be opened to the public in January 1846. At Canterbury this Branch crosses the Station of the Canterbury and Whitstable Railway. The South-Eastern Company have leased this Railway (together with the Harbour of Whitstable, which forms part of the Under¬ taking,) from the Canterbury and Whitstable Company. The Lease contains a provision for purchase, which was sanctioned by Parliament in the last session. The Line is about six miles in length. From the Station at Folkestone, the Branch to Folke¬ stone Harbour turns off; it is three-fourths of a mile in length, and runs down into the deep water of the harbour. The construction of these extensive works has been carried on under circumstances of peculiar difficulty. The pressure in the money market, which began almost imme¬ diately after the South-Eastern Company obtained their Act in 1836, and continued for years, was felt peculiarly by a Railway, which, from its position, was not calcu¬ lated to give an immediate return on the capital called up. One of the main sources of profit calculated upon has not even yet been realized, owing to the delay which has taken place in the completion of the French Railways, and after a lapse of nine years, and a present expenditure of Four Millions and a Half sterling, the resources of the South-Eastern Railway can only be considered as beginning to be developed. After years of anxiety and depression, the Proprietors are only beginning to receive a very moderate return on the capital which has been invested in the execution of this great national work. ( 14 ) The amount of benefit conferred upon the county of Kent, and the community at large, by the South-Eastern Railway scarcely requires to be illustrated. The Rates charged for the Carriage of Goods have been reduced to nearly one-half what they formerly were, and although the Company became Carriers themselves only on the 1st February last, nearly 100,000 Tons of Goods have passed over the Railway during the last twelve months, and it is certain that this Traffic is still in its infancy. For Passengers the speed of travelling is three times as great as it was, and the fare less than one-half. The South-Eastern Company might perhaps have suc¬ cessfully advanced a claim to be protected from injurious competition, at any rate until a longer time had been afforded for the development of their system, and until some more adequate remuneration had been received on the capital invested under the sanction of parliament, and from the expenditure of which such beneficial results had accrued to the public. The Directors, however, have taken a wider, certainly a more liberal, and, as they believe, more politic view of the subject. They are prepared to admit that a great advance has taken place in the views of the public with regard to Railway communication, and they are not disposed to raise the plea of vested interest in bar to the fullest enjoyment by the South-Eastern dis¬ trict of the accommodation to which it is entitled. On the contrary, they have felt from the first that it would be unsound and impolitic for them to attempt to bring for¬ ward any imperfect scheme composed of Branches from their existing Lines, or other secondary expedients, which, although incomplete in themselves, might be sufficient to prevent the execution by other parties of further or improved projects; and that their only true security consisted in identifying their interests thoroughly with those of the ( 15 ) public, by providing the best possible communications, and the best possible accommodation, at the lowest pos¬ sible fares. Acting on these views, the Directors instructed Mr. Robert Stephenson to prepare for Parliament the most perfect scheme which he could devise for completing, ac¬ cording to the present advanced ideas of the necessities of the country, an entire system of Railway communication for the South-Eastern district. The instructions were ample, in fact almost unlimited. The Directors were con¬ vinced that the time had arrived for the completion of that comprehensive system, of which this Company, nine years ago, laid down the great backbone, and the full develop¬ ment of which had only bided its time. The eminent engineer, on whose talents the Directors have placed their faith, has, after the most careful exami¬ nation of the subject, prepared a scheme comprising the whole of the South-Eastern district. The plans and other necessary documents have been deposited, in compliance with the Standing Orders of Parliament. The following Statement, with the accompanying Map, will show the extensions which he has recommended, and the bearing which each of the proposed Lines has on the others, and also on the existing Lines which form the basis of the system. The Lines shown black on this Map indicate the Lines belonging to the South-Eastern Com¬ pany which are completed ; those marked blue show the Lines granted by Parliament and in course of construction : and the red Lines show the projects now to be presented to Parliament. ( 16 ) From Waterloo Road, near Hungerford Bridge, to the Greenwich Railway, at the Crossing of the Grand Surrey Canal. The object of this Line is to form a West-End Terminus for all the Lines in connection with the South-Eastern. This Terminus will be formed opening on the Waterloo Road, and also on the York Road, Lambeth, which will bring it into immediate communication both with Waterloo and Hungerford Bridges. It will connect the whole South-Eastern System with the South-Western Line, and through that Line and the extensions proposed by the Birmingham and Great Western Companies, the last link in the chain of connection will be established. The series will be thus complete from Dover to Edinburgh, to Holy¬ head, and to Falmouth. By adopting the Bricklayers' Arms Line, already con¬ structed, the expense of obtaining a West-End Terminus, although necessarily great, will be much less than it would be if sought by a new and independent Company ; and the Directors do not think that the expense will be mis¬ applied when they consider the great amount of public accommodation that will be afforded by providing a West- End Terminus for the continental traffic. When Paris, as will shortly be the case, is brought within a day's journey of London, the saving of time in traversing the crowded streets of the city will become a matter of great import¬ ance. The Terminus at the Waterloo Road is also ex¬ tremely important, if viewed only in the light of an ex¬ tension of the Greenwich Railway to the West. The increase of traffic since the opening of the Greenwich Line is enormous ; but it is still found, that, in consequence of the position of the Station at London Bridge, the Traffic from the West-end of London has scarcely felt the ( 17 ) influence of the Railway. There is no doubt, that a com¬ munication established with the West-End will bring a great accession of Traffic, and afford material accommo¬ dation to the population of Deptford, Greenwich, Black- heath, and Woolwich. The returns show, that, notwith¬ standing the vast increase by the Railway and the Cheap Steamers from all parts of the River, the Traffic on the Road from the West-End of London, to Greenwich, Black- heath, and Woolwich, remains substantially the same as before either Railway or Steamboat existed. The total length of the Line from the Waterloo Road to the junction with the London and Greenwich Railway at the Grand Surrey Canal, is 3 miles, 7 furlongs, and 174 yards, of which If mile passes over the Bricklayers' Arms Branch. From the Greenwich Railway at Deptford Creek and the Grand Surrey Canal, to Chilham, near Canterbury, with Branches to Sheerness and to Faversham Creek. This Line is the North-Kent Line, as promoted by this Company. The total length from the Greenwich Railway at Deptford Creek to Chilham is 52 miles, 3 furlongs, 105 yards, and from the Greenwich Railway at the Grand Surrey Canal to Chilham, 53 miles, 1 furlong, 213 yards, the portion from Dartford to Chilham being comprised in both. It is substantially the same as that presented to Parliament last year, the variations, where any exist, being improvements in detail suggested by more mature con¬ sideration, and for the avoidance of known local objec¬ tions. Commencing at the Greenwich Railway, at the point where the Line from Waterloo Road terminates, the North- c ( 18 ) Kent Line of this Company proceeds through a portion of Deptford-New-Town to Lewisham, thence by Eltham, Bexley, and Crayford, to Dartford. From Dartford to Gravesend the Line is substantially the same as last year, but from Gravesend onwards to Strood, a lower Level is taken, adopting the Line of the Thames and Medway Canal, and Gravesend and Rochester Railway. This Railway, having in the last session of Parliament received the sanction of the Legislature to its conversion from a Canal into a Railway, which is open for traffic, now ne¬ cessarily occupies an important position with reference to the North Kent Lines, as being an existing Line so re¬ cently authorized, adaptable to the purpose of the Main Project. Mr. Stephenson has therefore adopted it as a portion of his work ; and arrangements are in progress for the fusion of this Company with the South-Eastern Com¬ pany. The Gravesend and Rochester Line is 6 J miles in length, and is throughout on a level. Nearly the whole will be available as a portion of the South-Eastern North Kent Line. From Strood, where the Gravesend and Rochester Rail¬ way terminates, the Line proceeds across the Medway at about 100 yards below the existing Bridge at Rochester. The Wardens of Rochester Bridge have for some years entertained a project of removing the Bridge, and erecting a new one at a point lower down, which point would be suitable for the Railway. It is proposed to form jointly at this point a bridge, which shall answer the double pur¬ pose of the Railway and Road Bridge ; and the Directors have the gratification of stating that the plan proposed by Mr. Robert Stephenson on behalf of the South-Eastern Company for this purpose has received the approval of the Wardens, who will largely contribute to the cost. Through Rochester and Chatham, the Railway proceeds along the Marshes at the North side, and in the rear of the ( 19 ) Houses in the High Streets of Rochester and Chatham, with provisions for convenient Quays and Landing Places along- the River side, thence the Line proceeds under the High Ground which separates Chatham from Gillingham by a Tunnel 1219 yards in length, at a maximum depth of 163 feet. Thence by Gillingham, Milton, Sittingbourne, and Faversham, to Chilham, where it falls into the Line now just completed by the South-Eastern Company from Ash- ford to Canterbury, Ramsgate and Margate. From the Main Line above described at Lower Halstow, near Sittingbourne, a Branch, 5 miles 7 furlongs 138 yards in length, proceeds to Sheerness, and from the Faversham Station a Branch 1 mile 1 furlong and 39 yards in length will connect the Main Line with Faversham Creek, and the Quays there. Returning to the London end of the Line, it will be seen that, from a point at the north end of Lewisham, a Loop or duplicate Line, turns off, passing across Blackheath to Charlton and Woolwich, and thence following the Low Lands through Plumstead and Erith to Dartford, where it falls into the first described Main Line. To this " Black- heath Loop" (as it has been termed for distinction's sake) is added, as an alternative, a Line in continuation of the Greenwich Railway, which is laid down to pass under Greenwich Park, and which falls into the Blackheath Loop at Charlton near Woolwich. It is scarcely necessary to state that it is not proposed to carry into effect both the Greenwich Park Line and the Blackheath Loop. The former will obviously be the more eligible Line, if the ob¬ jections made to passing under the Park can be obviated, as the Directors have every reason to hope will be the case. The great importance of effecting the most direct com¬ munication with Woolwich and Gravesend has led the Directors to bestow much attention on this point. the plan proposed by Mr. R. Stephenson passes through c 2 ( 20 ) the Park entirely in a Tunnel, without in the slightest de¬ gree interfering with its character. The sole objection, therefore, arises from the fear of interfering with the Ob¬ servatory, by the vibration of passing trains affecting the instruments placed there. The apprehension of this led the Admiralty on a former occasion to refuse their consent to any Railway passing through the Park. But Mr. Stephenson has since that time instituted a series of expe¬ riments in the neighbourhood of other Tunnels, the results of which are conclusive to all who have witnessed them, that there is no risk whatever to the Observatory from the passage of the Railway in a Tunnel under the Park in the manner proposed. Being thus prepared to prove to demonstration that the sole ground of objection to the passage of the Railway under the Park is untenable and altogether unsupported by experiment, the Directors have too much confidence in the good sense of the government authorities to apprehend that they will oppose any obstacle to a measure by which the convenience of such large masses of population would be so materially promoted. In the event, however, of any insurmountable obstacle preventing any Line from being carried under or across the Park at Greenwich, the Blackheath Line will afford the best attainable communication. Pursuing the North Kent Line from the point of junc¬ tion at Chilham, it will be seen that it adopts from thence into Canterbury, a distance of six miles, the existing Ash- ford and Canterbury Line. From Canterbury, as another portion of the North Kent Series, the Canterbury and Dover Line proceeds by Nac- kington, Bridge and Barham to Buckland and Dover; terminating on the one hand at the existing station of the South-Eastern Line on the South Pier, and on the other at the east end of Dover, near Castle Street. The total ( '21 ) length from Canterbury to the junction at Dover will be 16 miles 4 furlongs. The remaining portion of the North Kent Series is a short Line from Sarre, about midway between Canterbury and Ramsgate, direct to Margate. The total length from Sarre to Margate will be 7 miles 4 furlongs 13 yards. From the Greenwich Railway at the crossing of the Grand Surrey Canal to Maidstone, Ash ford and Tunbridge. This is the central, or Mid-Kent portion of the Series, and is in length from the Greenwich Railway to Chart, near Ashford, 49 miles 6 furlongs and 79 yards. From the point of commencement to Lewisham will be common to this Line and the North Kent. From Lewisham the Line proceeds, following the valley of the Ravensbourne, to Bromley, thence by Farnborough to the valley of the Darent, which it will cross by a viaduct near Shoreham and Otford. Thence by Kemsing, Wrotham and Ightham to West and East Mailing ; and thence to Maidstone, forming there a Main Station in the High Street, close to the Town Hall. From Maidstone the Line proceeds by Hollingbourne, Harrietsham and Lenham, to Little Chart, where it falls into the South-Eastern Line, about two miles west of Ash¬ ford. From Ightham, 22 miles from the point of starting on the Greenwich Railway, a Branch, 8 miles 2 furlongs and 4 yards in length, proceeds to Tunbridge, forming there a Junction with the Main South-Eastern Line, and also with the Tunbridge Wells Branch; and from Otford, 17J miles from the point of starting, a Branch, 2| miles in length, is laid down to Riverhead, near Sevenoaks. ( 22 ) As an accessory equally important both to the North Kent and the Mid Kent system, the Line from Maidstone to Rochester stands next in order. This Line will commence by a Junction with the ex¬ isting South-Eastern Branch Line at Maidstone, and in connection also with the Main Station at the Town Hall. It will proceed as far as Allington, 2 miles 6 furlongs and 77 yards in a Line common to the Mid Kent Line. From Allington it follows the valley of the Medway throughout to Strood, near the foot of Rochester Bridge, where it will form a Junction with the South-Eastern North Kent Line, and also with the existing Gravesend and Rochester Rail¬ way; the length from Maidstone to the Junction with the Gravesend and Rochester Railway at Strood is 11 miles 6 furlongs and 22 yards. The Line next in importance is the extension of the Tunbridge Wells Branch through Battle to St. Leonard's, near Hastings, and (by a Junction with the Ashford and Hastings Line) to Rye. The total length of Line from Tun- bridge Wells to the Junction at St. Leonard's is 25f miles, that of the Branch from Whatlington towards Rye, 5\ miles. This Line becomes, in connection with the Mid Kent Line, as proposed by this Company, an extremely impor¬ tant work, as opening a direct Line from London viâ Tun- bridge to Hastings and Rye. The total distance from London to Hastings will be 64 miles. That from London to Rye, 67 miles. From the Line already authorized at Rye, and which is in course of construction, a Branch is proposed to Rye Harbour, 1| mile. From a point near the Godstone Station a Branch is proposed to East Grinstead, 6 J- miles, and from the Reigate Station a Branch to Reigate and to Dorking, 7| miles. An examination of the Map will show that the entire Works, as above described, will, by their connection with ( 23 ) the other Works of the South-Eastern Company, either actually executed or in course of execution, connect Lon¬ don with every Town of importance in Kent and East Sussex, and those Towns with each other. The South-Eastern Company found their claims to the attention of Parliament on the great extent of accommoda¬ tion which they will, if the Lines in question be granted to them, be able to afford to the Public. They believe that the Lines which have been selected are the best which the features of the country admit of, and their instructions to the Engineer were, as before stated, so to arrange them as to leave no point of any importance in the Sout.h- Eastern district unserved. They trust that they shall show that the Plans which they have put forward, if taken as a whole, will fully carry out this purpose. In examining the Northern part of Kent for the pur¬ pose of a Railway, it is apparent that the first important point not already touched is Woolwich, and in projecting a Line to connect London with Chatham, Sheerness, and the Downs, it appeared essential to connect also those im¬ portant points with Woolwich. It was also apparent that, in order to render a Railway properly available for the traffic between London and Woolwich, it must actually touch the latter Town and place it on a Main Line. Any secondary mode of effect¬ ing the communication would be a failure, both as a com¬ mercial enterprize and as affording convenience to the Public. In order to bring the traffic on the Railway from Woolwich, the Trains must be frequent, rapid and cheap. These requisites can only be effected by placing it on a Main Line, so as to form a portion of a comprehensive system. The Railway placed at a distance from the population, or connecting with the Main Line by a Branch, would, at so short a distance from London, be of comparatively little ( 24 ) use. It was therefore determined to encounter the ex¬ pense, and by passing through the Town of Woolwich and close to the Dock Yard, to make the Work as perfect and as extensively useful as possible. The South - Eastern Line, therefore, passes directly through Woolwich. But whilst examining into the requirements of the nor¬ thern side of Kent next the river, the South-Eastern Com¬ pany were aware that there was also the important and populous district of Eltham, Bexley and the Crays, which required to be opened to railway communication. Mr. Stephenson attempted to lay down a Line which might by a devious course accomplish both objects in one work, but this he found would be impossible ; such a Line would serve neither purpose well. He therefore early recommended that one complete and independent Line should be made through Woolwich, and another complete and independent Line through Eltham, Bexley and Cray- ford, to form a Junction with the first-mentioned or strictly North Kent Line, near Dartford. Each Work is in this manner made perfect in itself, and all the important points are actually touched, whilst the more distant traffic may be carried on without the risk of being interrupted by the numerous short trains to Woolwich, an inconvenience which this Company frequently experiences at present in working its trains over the Croydon Railway. The same principle which has been applied to Woolwich with reference to approaching the population has been carried throughout the Line. Taking the towns of Dart- ford, Gravesend, Strood, Rochester and Chatham, Gilling- ham, Milton, Sittingbourne and Faversham, the Line has been carried as nearly as possible into the heart of the population, and in every instance the Stations will be so placed as to give the most ample accommodation. The Lines from Canterbury to Dover and from Sarre to ( 25 ) Margate require no particular remark ; they are designed to carry into effect the principle to which this Company have pledged themselves, viz. to connect in the most direct manner consistently with engineering capability every im¬ portant town in the South-Eastern district, and to leave nothing undone which the wants of the more important masses of population might fairly be said to require. The Central or Mid Kent Line proposed by this Com¬ pany has for its object to form a direct Line to Maidstone and Ashford, as well as to Tunbridge and Tunbridge Wells, and, by means of the Tunbridge Wells and Hast¬ ings Line, to Hastings, St. Leonard's and Rye. It will also materially shorten the distance to Dover and Folkestone, and afford the best possible line of communication between the Metropolis and the Continent. In this latter point of view it is a work of the highest importance to this Com¬ pany as well as to the Public. The following table will show the saving of distance by the proposed new Lines to some of the principal places already in communication with London by the existing South-Eastern Lines : London Bridge to — Tunbridge Maidstone Ashford Canterbury Tunbridge Wells Whitstable Folkestone Dover (by Mid Kent Line). Ditto (by North Kent Line) Margate Ramsgate Sandwich Deal m 86J 82 88 88 100 96| 96f 1 00; 56 67 80# 41| Miles. 76 76 Miles. 32 351 531 361 66 68J 741 76J 764 80f Miles. 204 20| 20 12 24 10 ( 26 ) The Line from Reigate to Dorking will, it is considered, be peculiarly valuable to this Company as opening a communication to the westward, which will in all proba¬ bility at no distant day be carried out so as to form almost a direct Line between Dover and Bristol. The import¬ ance of this will be felt when the opening of the Great North Line of France and the other Lines in progress towards Germany and to the Mediterranean, shall have altered, as they inevitably will, the whole character of the communication between this Country and the Continent. The East Grinstead Branch is calculated to secure to this Company the traffic of an important district which it has hitherto supplied, and the inhabitants of which are extremely desirous of such a communication. It will be borne in mind that in the last Session of Par¬ liament, and as part of the results of the contest for the projects in Kent and East Sussex comprised in Group A., the Legislature granted to this Company the Line from Tunbridge to Tunbridge Wells, the Line from Minster in Thanet to Deal, and also the Line from Ashford to Hast¬ ings, which last mentioned Line completes the coast com¬ munication. The only other act granted for a Railway in Kent was that of the Gravesend and Rochester Railway (previously known as the Thames and Medway Canal) Company. The Company were empowered to convert their Canal into a Railway. The South-Eastern Company have made arrangements for purchasing the Railway so authorized. Taking therefore the works granted in the last Session of Pai'liament, and adding to them the Works previously executed by the South-Eastern Company, the Proprietors will, with the projects now to be presented to Parliament, have before them the entire scheme of the South-Eastern System. ( 27 ) The Directors appeal with confidence to the public ac¬ quainted with the district to say, whether the pledge given, that a complete and comprehensive scheme for its accom¬ modation should be brought forward, has not been realized to the fullest extent. They stated at the outset that, al¬ though possessing peculiar claims of vested interests, they had made up their minds at once and frankly to waive all such claims as bars to further improvement, and to meet the altered circumstances of the time by affording the best possible system of Railway Communication for the entire district. And they now invite attention to the above description of the Lines proposed by them, as well as to the Plans and Sections which they have deposited, and to the Evidence before the Committee of last Session, in the confident belief that the scheme proposed by them, under the advice of Mr. R. Stephenson, will be found, on investigation, to afford much more extensive accommoda¬ tion to the public than is to be given by any of their in¬ dividual competitors, and as much at least as could be furnished by the whole of them, taken in the aggregate. If this be so, the question becomes narrowed to the con¬ sideration, whether the existing Company have superior claims to have the execution of these works entrusted to them, and whether they are able and willing to offer guarantees for the public advantage superior to any that can be afforded by new Companies. Upon the latter point the first question that arises is, as to the comparative security that is afforded for the com¬ pletion of the Works sanctioned by Parliament by the existing as compared with any new Company. A short statement of the actual financial position of the South- Eastern Company will afford the best answer to this ques¬ tion. The Company have paid up a Million and a Half of capital during the last twelve months, a test which of itself speaks volumes as to the confidence of the Propri¬ etors in the concern, as well as to their wealth and ability ( 28 ) to meet any further Calls that may be required. The total amount of capital which has been paid up in cash by the Proprietors is Three Million Four Hundred Thousand Pounds, and an additional sum of One Million Six Hundred Thousand Pounds, which has been borrowed on mortgage, is in process of being paid off and converted into Share Capital, making together a Capital of Five Millions; and to complete the Works, for which Par¬ liamentary Powers have been obtained, Six Hundred and Twenty Thousand Pounds more will be required to be called up. Those who are familiar with the early history of the South-Eastern Company, will remember, that, in conse¬ quence of the difficulty of the times, the paid up shares, instead of realizing in Capital Fifty Pounds each, did not, on the average, actually produce more than Thirty-Two Pounds each, at which price the Shares commonly known as No. One were issued ; the No. Twos were issued at Thirty-Three Pounds Six Shillings and Eight Pence ; and the No. Threes at Thirty Pounds each. The reason for fixing this rate was, that, by issuing a Share of Thirty Pounds to every then holder of an existing Share, the exact amount of Capital estimated for constructing the Lines then projected was represented by so near an ap¬ proximation as Two Thousand Pounds. The No. Three Shares are not to receive any Dividend until the construc¬ tion of the Lines shall be complete for which this parti¬ cular Capital was raised. The No. Four Shares were necessarily a repetition of the No. Threes, and issued on the same principle, divided into Half Shares on account of the increased deposit required by Parliament. The present arrangement of Shares must continue until all the Shares are paid up; until which time, the proportion of a Dividend to which each Class is entitled is ascertained by taking the Calls that are paid up at the time as if they were the same proportion ( 29 ) of Fifty pounds (the nominal amount of the shares paid up in full), as they actually are of Thirty-Two Pounds, Thirty-Three Pounds Six Shillings and Eightpence, and Thirty Pounds respectively: this puts these shares on a level with the paid up shares. This is a subject on which unjustifiable comments have been made by those who were hostile to the Company, supposing that there was in these arrangements a weak point to attack, which is not the case. By one stroke of the pen, when all Calls are paid up, the Nominal amount of Capital will be blotted out, and all the Shares will take rank alike in Amount as in Dividend. Till this occurs, let it be repeated, that the present arrangement is sound, right, and equitable to all parties concerned. Four Millions and a Half have, as before stated, been already expended in the construction of the Railway, and the Directors have in hand Cash, Exchequer Bills, and Three per Cent. Consols, to the amount of Half a Mil¬ lion, with which they are prepared to pay the Ten per Cent. Deposit on the Capital for constructing the new Lines when Parliament meets. The difference in the nature of the Security for the speedy completion of any extensive and expensive Works, which is afforded by an Established Company with a paid up Capital of Five Millions, and in possession of a property which, although undeveloped, has yielded in the last twelve months a gross income of upwards of Two Hundred and Sixty Thousand Pounds, as, compared with that of a new Company, whose sole guarantee consists in a Parliamentary Deposit on a Nominal Capital, will be better appreciated now than it might have been a few months ago, in the full tide of Railway speculation. The difference between projecting a Railway on paper and carrying out the same scheme in its integrity, amidst the practical difficulties which every great undertaking has to encounter, is begin¬ ning to be understood, and there are not wanting examples ( 30 ) to show that the public cannot always rely implicitly on the promises of projectors. This is more especially the case with a Line like that in North Kent, where, in order to establish even the possibility of an independent and com¬ peting Line, an enormous expense must be incurred in pro¬ viding Metropolitan termini and constructing Lines of Railway parallel to and duplicate with portions of the existing South-Eastern system. It has been urged, however, that admitting the superior ability of the South-Eastern Company to execute the Lines in question, their sincerity might be questioned, and that such projects were only put forward by them for the purpose of impeding their execution by other parties. In support of this assertion, it has been asked, why, if they really intended to execute their Lines, they did not bring them forward before ? The history of the early pro¬ gress of the South-Eastern Railway affords a sufficient answer to this objection. The Line was opened for traffic to Dover on the 7th February, 1844. It has been already seen, that the South-Eastern Company were precluded by Parliament, and by the prejudices of the county, from at¬ tempting any other Line than their existing one, and that, in carrying out this to its completion, they had to con¬ tend with unexampled difficulties. It is notorious that even with Railway Companies more fortunately situated, it was impossible to raise money for new projects until the pres¬ sure which had so long affected the commercial world began to be relieved in 1844. The " North Kent" and other competing schemes owe their existence entirely to the facility for obtaining money which then began to prevail, and the South-Eastern Company did not delay for a mo¬ ment when the opportunity was afforded to meet the de¬ mand of the district for further accommodation. Instead of imputing tardiness to them in meeting this demand, it may with more justice be said, that, looking at the position of the South-Eastern Company, and comparing their con- ( 3] ) duct with that of other Railway Companies more fortu¬ nately circumstanced, they may claim credit for having at such an early period brought forward the Branches and Extensions by which Maidstone, Tunbridge Wells, Can¬ terbury, Ramsgate, Margate, and Deal, have received, or are about to receive, the benefits of Railway communica¬ tion. The South-Eastern Company might answer any imputa¬ tion on their sincerity, by appealing to the notorious fact that they have never yet failed in carrying through any portion of the extensive Works entrusted to them by Par¬ liament, but they are prepared to appeal to a still more conclusive test. They proposed last session, before the Board of Trade, to insert in their Acts clauses declaring that, if any of the Works to be granted to them should not be completed within the time to be fixed in the Act, they should pay no dividend until such new Works should be completed. This provision was inserted in the Acts of last session, and the Company are willing to insert it again in the ensuing session. In other words they are prepared to pledge the whole income of a property upon which four millions and a half has been already expended, for the completion within a reasonable time of whatever additional works Parliament may sanction ; and they will leave it to the public to judge of the fairness of the attempts which have been made to discredit the sincerity of their professions, by parties who knew that such a pledge had been voluntarily offered by the South-Eastern Company. The Directors do not wish to cast any imputation on the sincerity of other parties, but they cannot abstain from ob¬ serving, that Lines may be put forward for other than the ostensible motives by new as well as by existing Companies, and that the example of last session does not favour the presumption, that those who have been the loudest in pro¬ claiming the advantage of independent Lines, will be the most resolute in maintaining that independence, when in- ( 32 ) terest points to a compromise. It is notorious to every one who has watched the progress of events in the Rail¬ way world, that the latter half of the present year has been employed in negotiating sales, amalgamations, and compromises, for the purpose of undoing what Parliament had done in the first half in the way of sanctioning new and independent schemes to compete with existing in¬ terests. Nor will any one say that there is any thing in the position of the North Kent Line to exempt it from the general law which has prevailed in other similar cases. On the contrary, there are many peculiar circumstances, such as the expense of procuring an independent metro¬ politan Terminus,—the certainty of competition at every point from the river on the one hand, and from the existing South-Eastern Lines on the other, and the nature of the internal traffic of Kent, requiring unity of management, in order to be conducted with any tolerable economy and convenience,—which must inevitably make it for the inte¬ rest of any Company sanctioned in North Kent as inde¬ pendent, to sell itself to the rival by whom the greatei portion of the field was already pre-occupied. The Directors assert most confidently, that the same ne¬ cessity which has already led to the amalgamation of the London and Birmingham with the Grand Junction, Man¬ chester and Birmingham, and Liverpool and Manchester, of the Lines from Newcastle and Hull to Birmingham and Bristol, of the whole of the Railways of the West Riding of Yorkshire and North Lancashire with the Manchester and Leeds Railway, and to the numerous other amalga¬ mations which have recently taken place, must eventually lead to the consolidation of the whole of the Railways in the South-Eastern district into one system. The interest of the Proprietors would enforce this, whether the Di¬ rectors might desire it or not. The only question is, whether the necessity of such consolidation shall be at ( 33 ) once admitted, and the best scheme of communication, on a comprehensive and uniform system, be at once entrusted to the Company already established for the purpose, and by whose efforts the system has been carried far towards its completion ; or whether a disjointed portion of it shall be given to a nominally independent Company, with the moral certainty that it will be used as a weapon of annoy¬ ance, to force the old Company to buy it up at a price for which the public in some shape or other must ultimately be taxed. This subject has been most ably treated in the Fifth Report of the Committee of the House of Commons on Railways (printed May, 1844). " And lastly," the Report proceeds, " with regard to the check of competition by the Railways among themselves, the Committee cannot, in all cases, re¬ pose implicit faith in it. * * # * In consi¬ dering the case of passenger charges, and in all classes of Lines except those which are so short as to be effectually checked by the ordinary road, the Committee think that little can be permanently ex¬ pected from the mere multiplication of Railways in the way of security for moderation of charge. There may indeed be indirect and accidental competition between Railways which may cause cheapness, and there may even be direct and brisk competition, with great reductions of fare for short periods, but in such cases of competition somewhat modified, as have hitherto occurred, the result has generally been increase of charge by mutual arrangement, or positive amalgamation of the competing Companies. The experience of the past is, however, limited, and might not, if taken alone, warrant any conclusive opinion ; but in looking to the nature of the ques¬ tion itself, the Committee feel this difficulty, that they cannot in the case of Railways anticipate any ( 34 ) such facilities in the introduction of new competi¬ tors, as to check the proceedings of the Companies actually in possession of the Traffic ; that in fact there is no district of which the Traffic will support any considerable number of Railways ; that there is no case in which they can imagine a likelihood of more than two, or at the very utmost three Lines of Railway communication, which could be so situate as to compete with one another ; and they cannot conceive that two bodies, or even three, acting by compact executive boards, and secure against the entrance of any other party into the field, will fail to combine together The evidence on which this Report was founded was taken early in February and March, 1844. The Members who composed the Committee were men of high standing and ability, and the concurrent opinion of two Presidents of the Board of Trade who sat on the inquiry and voted for the Report, Mr. Gladstone and Mr. Labouchere, esta¬ blishes an amount of authority not easily surpassed, upon a great commercial question. The main principles which were put forward in that Report were recognized and further illustrated in the Re¬ port of the Board of Trade on the South-Eastern Schemes of last year. This Report of the Board of Trade has been the subject of much interested comment, but no one has answered or refuted it. On the contrary, the results of subsequent experience have served in a remarkable manner to verify the anticipations which it contains. These results have established beyond all question the fact, that rivalry and competition between Railways can never long exist. In the peculiar case of the North Kent district, a most effective competition must always exist from the facilities of water conveyance, to which allusion has already been ( 35 ) made ; and in whatever hands a Railway there be placed, it can only be made profitable by charging extremely low fares and affording abundant accommodation under econo¬ mical and vigilant management. The true safeguard to the public against the evils of mo¬ nopoly will be found however in every instance in the fact, that the railways profit most when they serve the public best. The South-Eastern Company can speak from expe¬ rience on this subject. They have long since and on prin¬ ciple adopted the system of moderate fares and frequent trains as that which alone would bring a large traffic on their Line. They were carrying third class passengers at less than a penny per mile long before the subject of third class fares bad attracted the attention of Parliament, and long before they had any competitors in the field. They were the first Railway Company in the South of England who adopted the system of attaching third class carriages to the ordinary trains, and in respect of the amount and cheapness of accommodation afforded to the poorer classes, they feel that they may safely challenge a comparison with any other Line. Whilst the London and Birmingham, Great Western, South-Western, Brighton and other great Railways, were only running one third class train each way daily at a reduced speed, and at fares of one penny per mile or upwards, the South-Eastern Company were con¬ veying third class passengers by numerous Trains at fares of six-sevenths of a penny per mile. When the present Directors assumed the management, they resolved on carrying the principle of reduction still farther, and at once to test by experiment the degree to which a lowering of fares would tend to produce an increase of traffic. This resolution they proceeded to carry out as soon as they could obtain a supply of locomotive power sufficient to enable them to conduct an increased traffic D 2 ( 36 ) with safety and punctuality. Accordingly, on the 1st of September last, they carried into effect a sweeping resolu¬ tion, by which the fares, already low, were reduced on the average more than twenty per cent. At the same time they proceeded to carry out the system of day tickets, to an extent which had never previously been attempted, granting tickets for a journey out and home, from every station, and by any train, at a fare and a half, or at a further reduction of twenty-five per cent. The Directors did not attempt to conceal from them¬ selves, that the experiment was a hazardous one, but the result has fully justified their policy. A great benefit has been conferred on the public, without any loss being sus¬ tained by the Company. The amount of benefit which has accrued to the public may be estimated from the fact that the number of persons carried during the three months from the 1st September, 1845, exclusive of the Greenwich Railway, has amounted to 299,528, while during the cor¬ responding period of 1844, the number was 209,932, show¬ ing an increase of persons travelling of 89,596, or at the rate of 358,384 per annum. On the other hand, the average amount paid by each person in 1844, was 5s. 2d., while in 1845 it is only 3s. 8d. The system of day tickets has proved an especial boon to the Second and Third Class of Passengers, about one- half of the former, and two-thirds of the latter, or nearly one-half of the whole number travelling, have availed themselves of the privilege during the three months it has been in operation. The following Summary of the Fares per Mile, actually charged on the South-Eastern Railway, as compared with some of the other leading Lines of Railway, will conclude this branch of the question, and will exhibit the great advantage presented to the public by the South-Eastern system. DECEMBER, 1845. Express. 1st Class Mail. 1st Class mixed. 2nd Class Mail. 2nd Class mixed. 3rd Class. RAILWAY. Fare per Mile. Fare per Mile. Fare per Mile. Fare per Mile. Fare per Mile. No. of Trains. Speed per Hour. Fare per Mile. South-Eastern d. 2-45 d. 2-05 d. 2-05 d. 1-36 d. 1-36 12 Miles. 20f d. •82 Do. Day Tickets 1-84 1-53 1-53 1-02 1-02 12 20f •01 Grand Junction 2-46 2-09 2-09 1-72 1-72 2 14 1 London and Birmingham 2-88 2-45 2-13 1-81 1-49 2 15 1 London and Brighton 2-97 Í 2-97 7 1 2-37 S 2-37 1-78 5 20 1 1-19 1 Do. Day Tickets 2-26 f 2-26 7 I 1-78 J 1-78 {&•} 1-37 5 20 •89 South-Western 3-23 S 2-77 7 1 2-4Ö) 2-46 f 2-15 7 1 1-84 5 1-84 2 15J 1 Great Western 3-10 2-75 2-75 1-86 1-86 4 14 1 ( 38 ) Concurrently with the above reductions on Passenger Fares, great reductions and improvements have been carried into effect in the carriage of Goods. The Company have themselves become carriers, by which a saving to the public of from 20 to 50 per cent, on the charges formerly made by carriers has been effected, accompanied with great increased facility for the receipt and delivery of goods, with uniformity of charge to all classes of persons, while, at the same time, the amount of Traffic and the receipts of the Company have been greatly increased. The Directors refer to these facts in order to bear out the statement which they have made—that they have ever acted, and they act still, on the profound conviction that the true interests of the Company are thoroughly identified with those of the public ; and they may be permitted to feel some pride in the circumstance that the South-Eastern Company have been the first to act upon this principle,both with regard to the introduction of cheap fares, the extension of Third Class accommodation by the ordinary Trains, and the general adoption of the day-ticket system. They may also refer to the exertions which they have made to place their Locomotive Force on a footing of efficiency, as a proof of their determination to spare no ex¬ pense in accommodating the public. Since they assumed the management in 1844, they have ordered no fewer than Seventy Engines of the best description, which are now in course of delivery. They have also given a proof of their anxiety to promote in every possible way the public service, by laying down, at the expense of the Company, the Electric Telegraph over their whole Line. The series is just completed and ready for operation. Under these circumstances the Directors feel that while, on the one hand, the Scheme of New Lines which they ( 39 ) propose is the most complete and comprehensive, and the guarantee which they offer for its construction the most substantial ; on the other hand, their past conduct affords the best answer to the objections of monopoly, and the best earnest of their future intentions. They feel therefore, that they are in a position to urge, with the strongest effect, the equitable claim of the South-Eastern Company to com¬ plete their own system. They have shown that the original direction of the South-Eastern Line was actually forced upon them by the circumstances of the time, and was adopted at the first, and has since been repeatedly sanc¬ tioned by Parliament, as the proper Trunk Line for the accommodation of the District. Experience has shown that a larger amount of accom¬ modation is required. The Directors do not complain of this, and they are ready and willing to make the Scheme of Lines for the entire District as complete as possible. But they do claim from the justice of Parliament to be allowed to effect these improvements them¬ selves. They consider that it would be a case of in¬ justice, if, after having been led to expend Four Mil¬ lions and a Half of money in opening up the Railway communications in a manner dictated to them by the pre¬ judices of the Country and by the requisitions of Par¬ liament no longer ago than the year 1836, and having to expend upwards of Six Hundred Thousand Pounds to complete the Works in progress, they should now be placed in a worse position than any new adventure, and precluded from protecting their original outlay by effecting those improvements which further experience has shown to be necessary to make their system complete and efficient for the purposes for which it was originally sanctioned by the Legislature. They are in the position of manufacturers who, having been led to embark a large capital on the faith of a protecting duty, are willing to abandon that protection ( 40 ) and march with the times, on the sole condition of being allowed to embark further capital in providing the best machinery and introducing the latest improvements; and they cannot believe that while fair play and common sense, which are the basis of confidence and prosperity in a great commercial country, prevail, such a claim can ever be dis¬ regarded. In this view the Directors are confirmed by what took place during the last Session. It will be recollected that the Main Schemes proposed by the South-Eastern Company for the accommodation of Kent were prevented, by defects in point of form, from being presented as substantive measures to Parliament. The competing projects therefore had every advantage, and, under ordinary circumstances, and in the absence of strong and special reasons weighing with the Committee to the contrary, might have been ex¬ pected to pass. Notwithstanding these drawbacks, the case of the South-Eastern Company presented such a decided superiority, both on general grounds of policy and in local details, that the Committee decided unanimously on the rejection of the rival North Kent "Schemes," thus practically deciding that it was better for the County of Kent to wait for a year longer for the completion of its Railway communications, than to accept the inferior and disjointed schemes which had for that Session an advan¬ tage over the complete and comprehensive projects of the South-Eastern Company. The Company will therefore meet their opponents in Parliament next Session, not with the uncertainty at¬ tending a first trial of strength, but with the advantage of having already had verdicts in their favour twice re¬ corded by independent tribunals after full investigation, viz. : by the Board of Trade in the first instance, and subsequently, under circumstances the most unfavourable, by the confirmation of that Report and rejection of the ( 41 ) rival North Keilt Schemes, by the Committee of the House of Commons. There are other reasons also why the Directors are prepared to meet Parliament with increased confidence that the de¬ cisions of last Session in their favour will be confirmed. The value of the South-Eastern scheme for purposes of national defence, as passing close to the Dock Yard at Woolwich, connecting that important point in the best manner with the other great naval and military establish¬ ments, and completing the chain of coast communication, were strongly dwelt upon last year. Since that period, various circumstances have occurred to call public atten¬ tion still more strongly to this subject. The recom¬ mendation of the Commissioners that Dover and other points along the South-Eastern Coast should be converted into harbours of refuge, obviously gives an additional inducement to Parliament to place the system of Railway Communication which connects these points with one another, with the Dockyards and Arsenals, with the Me¬ tropolis, and with the Railway System of the rest of the kingdom, in the hands of a powerful Company, who can afford the best guarantee for its early completion and effectual maintenance, and who in the event of any emer¬ gency can command the largest amount of materiel and promptest arrangements for the public service. The evi¬ dence given by those high military authorities, Sir Wil- loughby Gordon and Sir John Burgoyne, before the Commissioners on the Gauge Question, clearly demon¬ strates the great importance of the latter consideration in a national point of view. The sanction given by Parliament to the purchase of the Greenwich Railway by the South-Eastern Company, and the Extension Lines of that Company to Deal and Hastings, together with the completion of the Lines to Maidstone and to Canterbury, Ramsgate and Margate, also obviously ( 42 ) place it in a better position than it occupied last Session. If competition in the North Kent District had been the object of Parliament, it would never have sanctioned measures which have a manifest tendency to defeat such competition, and which in point of fact would go far towards rendering its existence impossible. Nor can it be conceived that Parliament would sanction the waste of Capital, and wanton interference with private property, that would be now required to construct a nominally inde¬ pendent North Kent Line from London to Canterbury, when it can be shown that seventeen miles of such Line, including a Metropolitan Terminus, viz. three miles and three quarters from London Bridge to Lewisham, one mile and three quarters the Bricklayers' Arms Branch, five miles and a half from Gravesend to Rochester, and six miles from Chilham to Canterbury, would be saved by adopting Lines already constructed, or whose construction is necessary for other objects, under the arrangements of the South-Eastern Company. Nor can the Directors doubt that the extravagant length to which speculation in new Railway Schemes has been carried, and the ruinous reaction which has at length over¬ taken such speculation, must have a strong effect on the Legislature in disposing them to view, with more dis¬ trust than last year, the promises of projectors, and the policy of indiscriminate encouragement to competition. It is obvious that if under the circumstances of the Kentish District, a new North Kent Line is sanctioned, although intrinsically inferior, simply because it is new and competes with an established interest, a direct bounty is held out to explore the map of England in every direction, with a view to find where an old Line is open to plausible attack, and where a paper project can be devised, which, if good for nothing else, is at anyrate worth something to be bought off, when it has got its act under pretences of independence. Of the ( 43 ) Lines sanctioned last year by Parliament as Independent Schemes likely to create a beneficial competition, the Directors believe that scarcely one can be pointed out which has not already negotiated its amalgamation, and merged its independence, and they cannot but feel con¬ fident that the result of experience will have its weight, when Schemes of a similar character are brought forward in a future Session. Last Session the Directors are aware that they had to contend with a prejudice against the Company, arising from the deficiency in power in the Engines originally ordered to command the gradients of the Line, and from irregularities incidental to a total change of management on the eve of going to Parliament, aggravated by accidents altogether beyond their control, such as the partial destruc¬ tion of the Locomotive Establishment at New Cross by fire. It has been their business, during the interval which has elapsed, to remove all causes of complaint against the Com¬ pany, AND TO PLACE ITS INTERESTS ON THE ONLY SECURE BASIS, BY IDENTIFYING THEM WITH THOSE OF THE PUBLIC. By the extensive reductions of Fares, already alluded to, this has been in a great measure effected as regards cheapness and accommodation, while as regards safety and punctuality, they have omitted no exertion and spared no expense, as is proved by the steps, already described, taken to erect the Electric Telegraph and to procure an adequate supply of Engines; and, if a just regard be paid to the difficulties under which they have laboured, in common with other Railway Companies, from the impossibility of supplying Locomotive Power to meet the extraordinary increase of Traffic at a short notice, they feel entitled to say that their exertions have been successful. With regard to the atmospheric system of traction on which the projects of the Croydon party in opposition to this Company are based, the Directors only think it ( 44 ) necessary to observe that it has not at present been shown to be practically applicable to long lines, so as to combine all the conditions of economy and regularity which are essential to the success of any system applied to the pur¬ poses of commercial enterprise. It is however apparent that whatever improvements the progress of science may bring forward, either on this or any other system of loco¬ motion, such improvements must work more effectively on a line with good gradients than on one where they are severe. This Company will always be prepared to march with the times and to adopt any improvements which may be shown by experience to be sound and useful. It is on the principles above stated, proved as they have been by overwhelming evidence, that the Directors will, with increased confidence, take their stand before Parliament in the ensuing Session. They will maintain that the true in¬ terests of the Public will be better served by committing the whole of the Extensive Scheme of Railways for the South-Eastern District to one management, than by any subdivision—that they have a Property to place in the scale which must form a most ample security under any conceivable state of pressure on the Money Market or otherwise, for the performance of their engagements—that having, at a period when the subject was little understood, and through almost unexampled difficulties, carried through a great Work at a cost of Four Millions and a Half already expended, and with more than Six Hundred Thousand Pounds to lay out to complete the construction of the Works committed to this Company in the last Session, they claim of Parliament the privilege of adding to it such Ex¬ pansions and Amendments as the progress of the Railway System and the wants of the People have shown to be re¬ quired. The Directors believe the Scheme of the South-Eastern Railway, as now submitted, to be complete and sound in all ( 45 ) its parts, and they solicit from the Proprietors, who have already provided the Funds for carrying it out, their aid to bring the whole case fully and fairly before Parliament and the Public. The Directors have perfect confidence in its principles and in its details, and they will endeavour to perform faithfully the duty incumbent upon them to insure its success. TM1E ®(®WrM EASÏÏ2EIRH COIMII" LUNES OF RAILWAY MADE, MAKING & PROJECTED. SESS: 184-6. t.R J'-l>/».".< .i Wrnv;rf. '"f fhlh v LONDON: PRINTED BY C. KOWORTH AND SOI« TEMPLE BAR.