Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 369

Samuel Smiles《Thrift》· Thrift · Investing

He also became a large shareholder in railways. His status in the South-Eastern line was so great, that he was invited to become chairman of the company. He was instrumental, in conjunction with the late Sir William Cubitt, in pushing on the line to Dover. But the Dover Harbour Board being found too stingy in giving accommodation to the traffic, and too grasping in their charges for harbour dues, Mr. Baxendale at once proceeded, on his own responsibility, to purchase Folkestone Harbour as the port of the South-Eastern Company. He next proceeded to get up the Boulogne and Amiens Railway, which was for the most part constructed with English capital; and the direct line from London to Paris was thus completed.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 369 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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