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The Baker Street and Waterloo Railway (BS&WR), also known as the Bakerloo tube, was a railway company established in 1893 that constructed a deep-level underground "tube" railway in London. Although construction began in 1898, the company was then hit by the financial collapse in 1900 of its parent company, the London & Globe Finance Corporation, through the fraud of its main shareholder, Whitaker Wright. In 1902, the BS&WR became a subsidiary of the Underground Electric Railways Company of London (UERL). The UERL quickly raised the funds, mainly from foreign investors.
When opened in 1906, the BS&WR's line ran completely underground in a pair of tunnels for 5.81 kilometres (3.61 mi) between its Baker Street and Elephant and Castle. By 1913 extensions had taken the northern end of the line to Paddington. Between 1915 and 1917, it was further extended to Queen's Park and then to Watford; a total distance of 33.34 kilometres (20.72 mi).
Within the first year of opening it became apparent to the management and investors that the estimated passenger numbers for the BS&WR and the other UERL lines were over-optimistic. Despite improved integration and cooperation with the other tube railways and the later extensions, the BS&WR struggled financially. In 1933, the BS&WR was taken into public ownership along with the UERL and became part of London Transport. (Full article...)
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Selected biography |
James Whitaker Wright (9 February 1846 - 26 January 1904) was an exceptionally wealthy English mining company owner. He became infamous when he committed suicide at the Royal Courts of Justice in London immediately following his conviction for fraud. Born in Stafford, Wright emigrated to Toronto, Canada in 1870, before moving to the United States. Wright began promoting silver-mining companies in Leadville, Colorado and Lake Valley, New Mexico. Although none of the companies made money for the shareholders, Wright made a fortune. After returning to Britain, he continued to promote mining companies in Australia and Canada on the London market and used his expanding fortune to develop a country estate at Witley Park in Surrey.
In the 1890s Wright established the London & Globe Finance Corporation (L&GFC) as a method of financing more mining issues. The L&GFC also took over the Baker Street & Waterloo Railway in 1897. In 1899, Wright manipulated the accounts of various L&GFC companies to conceal large losses by one of its mines. The fraud was discovered in December 1900 and the corporation collapsed. In 1904, Wright was sentenced to seven years imprisonment at the Royal Courts of Justice, but committed suicide by swallowing cyanide immediately after the verdict was announced. (Full article...)
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Did you know... |
- ...that the longest continuous tunnel on the London Underground is 27.8 km (17.25 miles) long, between Morden and East Finchley stations?
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Image 1Albert Bridge, opened in 1873, crosses the River Thames between Chelsea and Battersea.
Image 2Escalators at Westminster Underground station descend between beams and columns of the station box to reach the deep-level Jubilee line platforms.
Image 3Arguably the best-preserved disused station building in London, this is the former Alexandra Palace station on the GNR Highgate branch (closed in 1954). It is now in use as a community centre (CUFOS).
Image 4Hornsey Lane Bridge, Archway, more commonly known as "Suicide Bridge".
Image 5The Circle routes of Victorian London, comprising the Inner Circle, Middle Circle, Outer Circle and Super Outer Circle.
Image 6View of Old London Bridge, circa 1632 by Claude de Jongh.
Image 8Qantas Boeing 747-400 about to land at Heathrow Airport, seen beyond the roofs of Myrtle Avenue, Hounslow.
Image 9The original Hampton Court Bridge in 1753, the first of four on the site.
Image 10Ruislip Lido Railway's 12-inch (300 mm) gauge locomotive "Mad Bess" hauling a passenger train.
Image 11Woolwich Ferry boats "John Burns" and "James Newman" on the River Thames, 2012.
Image 12"Boris Bikes" from the Santander Cycles hire scheme waiting for use at a docking station in Victoria.
Image 13The multi-level junction between the M23 and M25 motorways near Merstham in Surrey. The M23 passes over the M25 with bridges carrying interchange slip roads for the two motorways in between.
Image 14Preserved AEC Routemaster coaches in London Transport Green Line livery.
Image 17TX4 London Taxi at Heathrow Airport.
Image 18The newly constructed junction of the Westway ( A40) and the West Cross Route ( A3220) at White City, circa 1970. Continuation of the West Cross Route northwards under the roundabout was cancelled leaving two short unused stubs for the slip roads that would have been provided for traffic joining or leaving the northern section.
Image 19Archer statue by Eric Aumonier at East Finchley Underground station.
Image 20Early style tube roundel in mosaic at Maida Vale Underground station.
Image 2155 Broadway, headquarters of the UERL and its successors, is a Grade I listed building in Westminster designed by Charles Holden.
Image 24Original stations on the Metropolitan Railway from The Illustrated London News, 27 December 1862.
Image 25The south façade of King's Cross railway station London terminus of the East Coast Main Line.
Image 29The western departures concourse of King's Cross railway station.
Image 30Planes waiting at Heathrow Airport's Terminal 4.
Image 31The New Routemaster built by Wrightbus has three entrances, two staircases and is designed to be reminiscent of the Routemaster.
Image 32Hammersmith Bridge, opened in 1887, crosses the River Thames in west London.
Image 33A tram of the London United Tramways at Boston Road, Hanwell, circa 1910.
Image 34Rail, road and river traffic, seen from the London Eye.
Image 35Helicopter landing at London Heliport, a jetty constructed in the River Thames in Battersea.
Image 38London Underground A60 Stock (left) and 1938 Stock (right) trains showing the difference in the sizes of the two types of rolling stock operated on the system. A60 stock trains operated on the surface and sub-surface sections of the Metropolitan line from 1961 to 2012 and 1938 Stock operated on various deep level tube lines from 1938 to 1988.
Image 40Central London Railway poster, published in 1905.
Image 41London Underground Battery-electric locomotive L16 designed to operate over tracks where the traction current is turned off for maintenance work.
Image 42Vauxhall Bridge across the River Thames opened in 1906 and features sculptures by F. W. Pomeroy.
Image 44Tram 2548 calls at Arena tram stop. This is one of the trams on the Tramlink network centred on Croydon in south London.
Image 45Sailing ships at West India Docks on the Isle of Dogs in 1810. The docks opened in 1802 and closed in 1980 and have since been redeveloped as the Canary Wharf development.
Image 46Clapham Common Underground station north and south-bound platforms on the Northern line.
Image 47Day (left) and Night (right) sculptures by Sir Jacob Epstein on the London Underground's headquarters at 55 Broadway.
Image 48London General Omnibus Company B-type bus B340 built in 1911 by AEC. One of a number of London buses purchased by the British military during World War I, this vehicle was operated on the Western Front.
Image 49Southern approach to the Rotherhithe Tunnel that runs under the River Thames in east London between Rotherhithe and Limehouse.
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