Online Encyclopedia

Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.

HUDSON, GEORGE (180o-1871)

Online Encyclopedia
Originally appearing in Volume V13, Page 849 of the 1911 Encyclopedia Britannica.
Spread the word: del.icio.us del.icio.us it!

See also:

HUDSON, See also:GEORGE (180o-1871) , See also:English railway financier, known as the " railway See also:king." was See also:born in See also:York in See also:March 1800. Apprenticed to a See also:firm of linendrapers in that See also:city, he soon became a successful See also:merchant, and in 1837 was elected See also:lord See also:mayor of York. Having inherited, in 1827, a sum of L30,000, he invested it in See also:North Midland Railway shares, and was shortly afterwards appointed a director. In 1833 he had founded and for some See also:time acted as manager of the York Banking See also:Company. He had for See also:long been impressed with the See also:necessity of getting the railway to York, and he took an active See also:part in securing the passing of the York and North Midland See also:Bill, and was elected chairman of the new company--the See also:line being opened in 1839. From this time he turned his undivided See also:attention to the proiec-tion of See also:railways. In 1841 he initiated the See also:Newcastle and See also:Darling-ton line. With George See also:Stephenson he planned and carried out the See also:extension of the Midland to Newcastle, and by 1844 had over a thousand See also:miles of railway under his See also:control. In this See also:year the See also:mania for railway See also:speculation was at its height, and no See also:man was more courted than the " railway king." All classes delighted to See also:honour him, and, as if a See also:colossal See also:fortune were an insufficient See also:reward for his public services, the richest men in See also:England presented him with a See also:tribute of £20,000. See also:Deputy-See also:lieutenant for See also:Durham, and thrice lord mayor of York, he was returned in the Conservative See also:interest for See also:Sunderland in 1845, the event being judged of such public interest that the See also:news was conveyed to See also:London by a See also:special See also:train, which travelled part of the way at the See also:rate of 75 M. an See also:hour. Full of rewards and honours, he was suddenly ruined by the disclosure of the Eastern Railway frauds. Sunderland clung to her generous representative till 1859, but on the bursting of the bubble he had lost See also:influence and fortune at a single stroke.

His later See also:

life was chiefly spent on the See also:continent, where he benefited little by a display of unabated See also:energy and enterprise. Some See also:friends gave him a small See also:annuity a See also:short time before his See also:death, which took See also:place in London, on the 14th of See also:December 1871. His name has long been used to point the moral of vaulting ambition and unstable fortune. The " big swollen gambler," as See also:Carlyle calls him in one of the Latter-See also:Day See also:Pamphlets, was savagely and excessively reprobated by the See also:world which had blindly believed in his See also:golden prophecies. He certainly ruined See also:scrip-holders, and disturbed the See also:great centres of See also:industry; but he had an honest faith in his own schemes, and, while he beggared himself in their promotion, he succeeded in overcoming the powerful landed interest which delayed the See also:adoption of railways in England long after the date of their See also:regular introduction into See also:America.

End of Article: HUDSON, GEORGE (180o-1871)

Additional information and Comments

There are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click, and select "copy." Then paste it into your website, email, or other HTML.
Site content, images, and layout Copyright © 2006 - Net Industries, worldwide.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.

Links to articles and home page are always encouraged.

[back]
HUDSON RIVER
[next]
HUDSON, HENRY