Railway mania

Definition and stakes

Joseph Tatlow,  Fifty Years of Railway Life in England…

“ Huge sums were wasted in the promotion and construction of British railways in early days, from which, in their excessive capital cost, they suffer now. In the mania period railways sprang into existence so quickly that, to use the words of Robert Stephenson, they “appeared like the realisation of fabled powers or the magician’s wand.” The Illustrated London News of the day said: “Railway speculation has become the sole object of the world—cupidity is aroused and roguery shields itself under its name, as a more safe and rapid way of gaining its ends. ”
Source: Gutenberg

John Ashton,  Gossip in the First Decade of Victoria's Reign

“ The news from India thus brought, was published in all the London papers, which were in Paris before the Mail from Marseilles was on its way to London.
p. 276
p. 277CHAPTER XXVI. The Railway Mania—Deposit of plans.
The accompanying illustration from Punch (18 Oct.) justly holds up to ridicule the Railway Mania, which might then be said to have been at its height. It is called “The March of Speculation.—‘This is the young Gent, as takes my Business, Mem. I’m agoin’ into the Railway—Director Line myself.’”
As a proof of this Madness, see this paragraph: “Oct. 25.
”
Source: Gutenberg

Portrait of Matilda Betham-Edwards Matilda Betham-Edwards,  In the Heart of the Vosges and Other Sketches by a "Devious Traveller"

“ From Marseilles to Nice, from the land of the olive to that of the palm, is a long and wearisome journey. That tyrannical monopoly, the Paris-Lyon-Méditerranée Railway Company, gives only slow trains, except to travellers provided with through tickets; and these so inconveniently arranged, that travellers unprovided with refreshments, have no opportunity of procuring any on the way. Whenever we travel by railway in France we are reminded of the crying need for competition. ”
Source: Gutenberg

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