RAILWAYS OF THE UNITED KINGDOM—COAL AND IRON. Thanks to the very valuable tables of railway statistics prepared by Mr. John Cleghorn, the secretary of the North-Eastern Railway, and compiled from the returns of the Board of Trade for the years from 1859 to 1865, both inclusive, we are able to present to our readers, in an abbreviated shape, a number of details respecting the railways of the United Kingdom, of a very interesting and instructive character. Prefacing them with the remark that on the 31st December, 1852, the capital invested in British railways was £264,165,672, yielding a gross revenue of £15,710,554, we proceed to state that on the 31st of December, 1859, the amount of capital paid up was £334,362,928, and that there were then 10,002 miles opened for traffic. The number of passengers carried in 1859, exclusive of journeys made by 49,856 holders of periodical tickets, were 149,757,294, of whom 19,204,151 were first class, 44,351,903 were second, and 86,201,240 were third. The receipts from passengers, luggage, parcels, horses, carriages, dogs, and mails, were £12,537,493. Merchandise, 22,005,737 tons; minerals, 51,756,782 tons; live stock, 12,805,613 head. Receipts from these sources, £13,206,009. Total receipts, £25,743,502. The number of miles run by passenger trains was 49,753,344; by those for goods, minerals, and cattle, 43,762,452; total, 93,516,796. The Board of Trade did not furnish returns of working expenses for 1863, but we know that their proportions to receipts were about 45 per cent. On the 31st of December, 1860, the capital paid up was £348,130,327. Miles opened for traffic, 10,433. Passengers conveyed in 1860 (exclusive of 47,894 holders of periodical tickets), 163,435,678, of whom 20,625,851 were first class, 49,041,814 were second, and 93,768,013 were third. Receipts from passenger traffic, &c., £13,085,756. Merchandise, 29,470,931 tons; minerals, 60,386,788 tons; live stock, 12,083,503 head. Receipts from these sources, £14,680,966. Total receipts, £27,766,622. The miles run by passenger trains were 52,816,579; by those for goods, minerals, and cattle, 49,427,113; total, 102,243,692. The total working expenses were £13,196,368; their proportion to receipts, 47 per cent. On the 31st December, 1861, the capital paid up was £362,327,338. Miles opened for traffic, 10,869. Passengers conveyed in 1861 (exclusive of 52,079 holders of periodical tickets), 173,721,139, of whom 21,917,936 were first class, 51,146,672 second, and 100,656,531 third. Receipts from passenger traffic, &c., £13,326,475. Merchandise, 30,638,893 tons; minerals, 63,604,434 tons; live stock, 12,870,683 head. Receipts from these sources, £15,238,880. Total receipts, £28,565,355. The miles run by passenger trains were 54,055,476; by those for goods, minerals, and cattle, 51,085,964; total, 105,141,440. Total working expenses, £13,843,337; their proportion to receipts, 48½ per cent. On the 31st December, 1862, the capital paid up was £385,218,438. Miles opened for traffic, 11,551. Passengers conveyed in 1862 (exclusive of 56,656 holders of periodical tickets), 180,429,071, of whom 23,105,351 were first class, 51,869,239 second, and 105,454,481 third. Receipts from passenger traffic, &c., £13,911,985. Merchandise, 30,256,913 tons; minerals, 63,405,864 tons; live stock, On the 31st December, 1863, the capital paid up was £404,215,802. Miles opened for traffic, 12,322. Passengers conveyed in 1863 (exclusive of 64,391 holders of periodical tickets), 204,635,075, of whom 26,086,008 were first class, 57,476,669 second, and 121,072,398 third. Receipts from passenger traffic, &c., £14,521,528. Merchandise, 32,517,247 tons; minerals, 68,043,154 tons; live stock, 13,029,675 head. Receipts from these sources, £16,663,869. Total receipts, £31,156,397. The miles run by passenger trains were 61,032,143; by those for goods, minerals and cattle, &c., 55,560,018; total, 116,592,161. Total working expenses, £15,027,234; their proportion to receipts 48·23 per cent. On the 31st December, 1864, the capital paid up was £425,719,613. Miles opened for traffic, 12,789. Passengers in 1864 (exclusive of 76,499 holders of periodical tickets), 229,272,165, of whom 27,701,415 were first class, 65,269,169 second, and 136,301,581 third. Receipts from passenger traffic, &c., £15,684,040. Merchandise, 34,914,913 tons; minerals, 75,445,781 tons; live stock, 13,673,786 head. Receipts from these sources, £18,331,524. Total receipts, £34,015,564. The miles run by passenger trains were 66,555,219; by those for goods, minerals and cattle, 62,575,724; total, 129,130,943. Total working expenses, £16,000,308; their proportion to receipts, 47·03 per cent. On the 31st December, 1865, the capital paid up was The length of the railways in Ireland is 1,948 miles. In Scotland it is about 2,350 miles, with gross traffic receipts of about £4,200,000, whilst the income derived from Irish railways did not exceed £1,800,000 in 1866. Thus the mileage of the Scotch railways is about a sixth of the total mileage of the United Kingdom; its receipts about a ninth, the total amount of British railway receipts for 1866, being about £37,800,000. One of the most objectionable features in Irish railway management is the high rates of fares charged to passengers, but especially to those of the third class; in fact rendering third class carriages in a great measure unavailable for the persons for whose use they were specially intended by the Legislature. We are happy, however, to perceive a better, a larger, and a more liberal view is beginning to be taken in The Board of Trade did not obtain returns of rolling stock from the companies until the year 1860. On the 31st December of that year they possessed 5,801 locomotive engines. By the 31st December, 1865, they had gradually increased to 7,414. The proportions have invariably been a little more than one engine for each two miles of railway open. On the London and North-Western, as already stated, the proportion Waggons, which comprise vehicles for the conveyance of every description of goods and minerals, timber waggons, cattle waggons, gunpowder waggons, bullion waggons, salt waggons, milk waggons, covered waggons, high-sided waggons, low-sided waggons, in short the genus waggon of every possible shape and conformity, were 188,623 on the 31st December, 1860, and on the 31st of December, 1865, they had The foregoing figures furnish matter for much consideration. They show, incontestably, how unceasingly the railway system of the United Kingdom, taken as a whole, continues its development. As new miles of railway are opened, and notwithstanding that they are situated principally in districts where both population and traffic are light, as compared with the population and traffic of the districts in which railways were first constructed, the total average of receipts throughout the United Kingdom, only receded three times. Thus, the average receipts per mile in 1852 were £2,141. In 1853, £2,346. In 1854, £2,510. In 1855, £2,597. In 1856, £2,659. In 1857, £2,660. There was a considerable fall in 1858 to £2,516. In 1859, they advanced to £2,574. In 1860, they were £2,661. In 1861, £2,628. In 1862, they fell to £2,523. They increased slightly in 1863, to £2,528. In 1864, they rose to £2,651; and, in 1865, they were the highest during the fifteen years, £2,691, or £550 a mile higher than in 1852. Although the number of passengers has increased very greatly in the seven years, the principal increase has been, as will be seen presently, in those of the third class. As the average distance which each third-class passenger travels is much less than the average of one of the second class, and still less comparatively than one of the first class, it cannot be a matter of surprise, that the average money value of each railway passenger should have fallen from 1s. 6d. in 1859, to 1s. 2d. in 1865, and that of the total increase of receipts between 1859 and 1865 (£10,146,611), the receipts from passengers only has not increased more than £3,606,223, whilst the increase from goods, minerals, and cattle, has been And here, as so much has recently been said about the enormous strides that have been made in the coal extraction from our collieries in the United Kingdom, a few words on the subject may not be deemed inappropriate. It is true that, as will be seen from the subjoined summary, extracted from the Times of the 13th of September last, its production has increased with very great rapidity during the last twelve years. In 1855 it was 64,453,679 tons; in 1856, 66,645,450 And now it will not be uninteresting to see what has become of all these coals. In the first place our export of The percentage of the working expenses of railways to the receipts was, for 1865, according to the returns of the Board of Trade, 48 per cent.; in 1862 it was the highest of the seven years, 49 per cent. But we fear that these returns are not very strictly accurate; recent inquiries and investigations have tended to show that some of the items charged to capital in the half-yearly accounts should have been debited to revenue. No doubt there has been exaggeration in several of the statements, which professional accountants have submitted to the committee of investigation by whom they have been employed. But whether this be so or not, the time has come when all charges must either be made against revenue or remain unpaid. Capital can no longer lend its friendly aid and assistance; therefore, in a year or so it will be seen how far the percentages hitherto published have been based on fact or on the fictions that have been alleged against them. The subject of working expenses is an important one, as affecting materially the question of dividend to shareholders. We therefore will give more detailed information respecting them when we connect them, in subsequent pages, with receipts and profits. In the meantime, we give, on the over-leaf, a return that has just been prepared from the three last half-yearly reports and statements of accounts published by the twelve following companies. We are aware that as regards one company, the London, Brighton and South Coast, the working expenses have been stated by the present board of directors at 10 per cent. higher than those we now publish, but we believe that these latter approach the nearer to correctness of the two. Statement of Working Expenses on Receipts, for the eighteen months ending 30th June, 1867.
We need not, at the present day, discuss the abstract question of the value of railways to the community, but it will be well to record some of the advantages which the population of Great Britain has obtained by their establishment. Let us begin with passenger traffic. Previous to 1837, the year of the opening of the line between Birmingham, Manchester and Liverpool, the speed of stage coaches did not average eight miles an hour. The speed of mail coaches was a little under ten. It is true that in former times we were proud, as we ought still to be, of the roads which the skill and ingenuity of our engineers had, by means of what were then considered vast excavations, extensive embankments, bridges, viaducts, and other works, carried through the country. In one grand respect British roads differ from those magnificent constructions of a similar nature which Imperial Rome had accomplished when in the In 1837, there were fifty-two mail coaches, and about 500 stage coaches. If we allow to each of them the full complement of passengers that it was authorised to carry, we shall probably arrive at a tolerably correct estimate of the number of persons who then used to travel daily in the United Kingdom. It is true that the average loads of mail and stage coaches was not considered to exceed two-thirds of their number when complete, but they should be considered as carrying full loads, to allow for passengers travelling only short stages. Thus viewed, the number of persons travelling by these conveyances throughout the Kingdom was (mail coaches seven, stage coaches fourteen, exclusive of guard and coachman) 7,364, or at the rate per annum (of 365 days) 2,687,860. If to these be added 25 per cent., as representing aristocracy with post horses, and plebiscity in waggons, and a few in canal boats, we arrive at a gross total of 3,359,825. To this number may be joined, say over a million who were passengers in river and coasting steamboats. In 1837 the population of the United Kingdom was By 1837, when the average speed had increased to 25 miles an hour, this quadrupling had increased seven-fold: at the present time the maximum running speed on this portion of the London and North-Western Railway is forty miles an hour—the average speed of trains is about twenty-seven miles, and on week-days there are sixteen trains in each direction, on Sundays six. Yet there are now three competing lines to that of the London and North-Western between Liverpool and Manchester. Adding the 604,000 passengers of the Liverpool and Manchester Railway, the proportion of land travellers to the whole population of the kingdom, in 1837, was not quite a sixth. The passengers who travelled on only thirty-one miles of railway were nearly one-sixth of all that travelled by all the mail coaches, stage coaches, post cars, post chaises, private carriages with post horses, waggons, and canal boats, over all the high roads, post roads, and the canals of the United Kingdom. Observe the onward progress of land passenger development. No railways of the slightest importance were finished between 1830 and 1837, but by the year 1843—two years and a-half after the Great Western line had been completed between London and Bristol—1,902 miles of railway had been opened for traffic, and in the year terminating at that date, 23,466,896 passengers were carried by railway. These were, of course, exclusive of those conveyed by mail and stage coaches, and other conveyances. Their numbers could not have diminished, on the contrary, they must have increased, seeing that these conveyances then began to be used in subordination, as it were, to railways, and not as the arterial and leading means of passenger communication. Travellers went shorter distances by them—nevertheless what used to be called the “post horse duty,” that is the tax levied upon public conveyances and horses employed in passenger traffic, never diminished—on the contrary, it increased slightly during several years. For some time past it has been modified in many of its features, so that a comparison between its amount, and what it was in 1837, cannot be instituted. But the fact is notorious, that even now, with upwards of 14,000 miles of railway open throughout the kingdom, many more horses are employed in connection with passenger traffic than there were in 1837. The number of persons who travelled by railway in the year ending 30th June, 1843, was 23,466,896: the number estimated by road, 3,359,825, total 26,826,721. As the estimated population of the United Kingdom in June, 1843, was 27,033,692, it follows that it and the number of persons who had travelled in the previous twelve months, both by rail and by road, were not far from equal. In fact the number of persons who travelled by railway Twelve months more, on the 30th of June, 1844, with 2,050 miles open, the railway passengers exceeded the total population of the kingdom by 407,799; the numbers being respectively 27,763,602, and 27,355,803, and third class passengers had risen to be almost exactly one-third of the whole. We exclude travellers by road, not because they were less numerous than previously, but because their numbers become every year less important in comparison with the total passenger movement of the empire. For any purposes of computation that may result from these statements, they may fairly be taken for what they were in 1837, 3,359,825. It was in 1848 that the greatest number of miles in any one year were opened for traffic,—1,191; the nearest approach to it was in the previous year,—780. In 1863, the number was 771. The smallest number was in 1843,—91 miles. The following year, 196; and in 1855, 236. The average from 1837 to 1866, both included, has been 690. In the twelve months ending the 30th June, 1848, with an estimated population of 28,015,685, the number of persons travelling by railway had increased to double that of the population, 57,965,071, of whom 29,083,782 were third class,—1,068,097 more than the population, and a few more than one-half of the whole number carried. “The cause of this augmentation of third class passengers is,” says the late Dr. Lardner, in his treatise upon Railway The very great development of third class traffic, by means of cheap parliamentary trains, has produced a marked change in the feelings of railway managers upon this subject in the last few years. Now, almost all the time tables show, specifically, the trains by which they can be conveyed, and by reference, among others, to the most recent monthly guide book of the London and North-Western Company, it will be seen that third class passengers are now conveyed from London to Liverpool by one particular train in six hours and a-half; to Manchester in five hours and twenty minutes. At the institution of parliamentary trains the time by them from London to both those cities was fifteen hours. But this was just half the time that the coaches took in the olden time between London and Liverpool, and it was also at just half the cost as regards fare, irrespective of the fees to guard and coachman. In the three last years, both the Metropolitan and the London, Chatham and Dover Companies have carried the principle of cheap fares for the labouring classes much beyond the penny-a-mile system. These companies issue what are called “workman’s tickets.” It will be seen by the subjoined notice With such facilities it cannot he a matter of surprise, that whilst in the seven years, between 1859 and 1865, both inclusive, the first class passengers increased 10,459,054, an average yearly increase of 1,494,122; the second 26,431,338, an average yearly increase of 3,775,905; those of the third class rose 65,215,029, an average yearly increase of 9,316,432. But this is not altogether the way to look at it, for whilst the increase of third class passengers, in the four years 1859-60-61-62, was 19,253,241—a yearly average of 4,893,310, the increase of 1863 over 1862 was 15,617,917; 1864 over 1863, 15,229,183; and 1865 over 1864, 15,114,688. In 1865 the total number of passengers carried (exclusive of 97,147 residential ticket holders) was 251,862,715, thus composed—first class, 29,663,205; second class, 70,783,241; third class, 151,416,269. But to the total number have to he added the journeys taken by the periodical ticket holders. If 100 journeys be allowed for each such holder (a number much below reality), it adds 9,717,400 to the gross amount, of which two-thirds should be attributed to first class, and one-third to second. Per contra, a deduction of about 5,000,000 must be made for passengers “booked through”—that is, passengers conveyed in a single journey over the lines of two or more companies. For instance, a passenger booked from London to Limerick, is carried, independent of his water conveyance, over the lines of four railway companies, and in the returns to the Board of Trade he is included as a passenger upon each of those lines as if he had taken a ticket upon it, yet, in reality, he takes but one journey, although it is a long one, 464 miles. Deducting say 5,000,000 on this account, it makes the total number of paying railway passengers about 256,500,000. In twenty-eight years, population and land-conveyed passengers have completely reversed their positions. In 1837 population was eight times as many As to the speed at which railway passengers are conveyed, we shall speak when referring to what our railways have done for postal service. “Forty shillings a ton for goods between Liverpool and Manchester.” Yes; that was the price paid just a hundred years ago, and nobody could reckon upon having them in less than a week from the time of consignment. But the opening of the Duke of Bridgewater’s Canal diminished the price to six shillings a ton, and the time to three days. Now-a-days, the cotton spinner of Manchester would “spin a yarn” of formidable dimensions to a goods manager of a railway that dared to keep his goods more than a couple of hours on the road, with four or five hours more added for loading, unloading, and delivery. Not forty years ago, the charge was 1s. 1d. a ton a mile for goods, no matter of what kind or quality, conveyed by waggon. Thus, if any were weak enough to send a ton of goods from London to Manchester, the tariff rate would be £5. 1s. 4d., although probably the carrier, as an act of amiable condescension towards his customer, and in hopes of future favours, might take off the odd shilling and the level fourpence, and be content to carry for an even “fiver.” He would proceed at the top-gallant speed of fifteen knots a day, and he would reach his port, if all were well, in eighteen to twenty days from the time of his heaving anchor. In process of time, the canal owners and lessees managed to more than double the charge for the conveyance of cotton between Liverpool and Manchester, and also to more than double the time for its delivery. They did more; if any of their customers happened to displease or offend them, their The goods traffic of the Liverpool and Manchester Railway commenced on the 4th December, 1830, with a train of eighteen waggons, the weight of each of which was a little over 1¼ tons. The eighteen waggons carried a paying weight of 51½ tons of goods, the tender, water, and fuel weighed 4 tons, and, with the fifteen persons in the train, there was a total weight of 80 tons, which was drawn by an engine weighing 7½ tons, in two hours and fifty-four minutes, just 10½ miles an hour. The development of goods traffic of our first-born English railway, although it was rapid and important, was not so striking as that of passengers; nevertheless, it increased from 1,432 tons in the first month to 5,104 tons in the fourth month. The coal traffic, from which much was expected, was practically nil; it did not become an important item of receipts until years afterwards. In fact, the Goods and Mineral Traffic of railways scarcely developed itself in the early period of their history, and, until about the year 1840, the relative proportions of passengers to goods was as 85 to 15. A striking illustration of this fact is afforded by the London and Birmingham Company; in its estimates of traffic submitted to Parliament in 1833, it was calculated that the goods traffic would produce £340,000 in the first year after opening. It barely realised £90,000, and it was twelve years before it had attained the sum of £340,000. But since 1840 the change has been gradually working. In 1847, with an average length of 3,426 miles open for traffic, 16,460,599 tons of goods of all kinds (in which are included minerals) were carried, and 3,709,030 head of cattle. All In order to show the present state and estimation of canal property in England, we have extracted from the Investor’s Manual for August last, a publication issued monthly in connection with the Economist newspaper, a statement of the dividends that canals now pay to their shareholders. Commencing with the least profitable, and gradually ascending, we find that the Gloucester and Berkeley pays 2 per cent. in addition to paying 5 per cent. on its preferential stock; the Sheffield 2½; the Warwick and Birmingham 3; the Lancaster is leased to the London and North-Western Railway, at 3?; the Barnsley Canal pays 4; the Macclesfield Canal is leased by the Manchester, Sheffield, and Lincolnshire Railway Company, at 4¼; the North Staffordshire Railway Company leases 116 miles of canal, which under the If we step from 1847 to 1859, we find that goods of all descriptions have in railway accounts become separated from minerals. Of the former, the 10,002 miles of railway that We have already referred so fully to coals and other subterranean products, at pages 48 et seq., that we only add here, that the average value to the companies of a ton of minerals was 1s. 7½d. in 1859, and that, with occasional fluctuations, it had increased to 1s. 8d. in 1865. This is a low average, and it looks as if the profits to the railway companies from mineral traffic must be very slight indeed. The carriage of cattle of all kinds increased from 3,709,030 head in 1847, to 12,805,613 in 1859, when each head was worth 11¼d. There was hardly any change or fluctuation until 1863, when the number increased to 13,029,675 head. In 1865 they were 14,530,937 head, but their value had risen to 11½d. a head. The conveyance of cattle by railway reminds us how enormously all the great centres and bee-hives of our population But we must not continue the subject in anything approaching detail; suffice it is to say, that among other articles from abroad, we had meat in the shape of bacon, beef, and pork, to the extent of about 1,000,000 cwt. in quantity, and £3,000,000 in value. Of butter and cheese we had 2,000,000 cwt., of the value of £9,000,000. The use of coffee among us is diminishing. In 1852 it was 42,000,000 lbs., in 1866, it was 10,000,000 lbs. less; but the home consumption of Tea has risen in the same period from 54,713,000 lbs. to 102,265,000 lbs., |