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. ”
