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The Severn Valley Railway Company (19th Century)

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additional info and history
On 15 April Peto addressed a similar meeting at Bewdley, where his speech was regularly met by cheers from those present.<ref>Bridgnorth Journal, 19 April 1856, via the British Newspaper Archive</ref> A meeting at Stourport on 6 May "...''gave general satisfaction, for strong expressions of support were given by most of the persons present''."<ref>Bridgnorth Journal, 10 May 1856, via the British Newspaper Archive</ref>
Another public meeting took place at Ironbridge on 1 July, at which Peto stated that nearly £70,000 had been raised of the £150,000 needed before work could start. The SVR Act of 21 July 1856 authorised the new deviations. At the end of July Fowler confirmed he had agreed the final route of the line through Apley to Thomas Whitmore’s satisfaction.<ref name=Marshall34>Marshall (1989), pp.34-3536.</ref>
Over the following months, fund raising continued and the process of obtaining a tender for construction began.
 
==1857==
On 10 July the Board resolved that a tender from the contractors Smith and Knight for construction of the line should be accepted, although no details of the tender are recorded. In response, [[Peto, Brassey and Betts# Involvement with the Severn Valley Railway |Morton Peto wrote to the Board on 28 July]] offering his resignation so he could tender for the Contract. His resignation was accepted.<ref name=Marshall34/>
 
Continued difficulties in raising the finance meant that two new Bills were drafted and put before Parliament, one to continue construction but with an extended deadline for completion and the other to abandon its construction. On Peto's advice, the decision on which should be adopted was deferred until the next half-yearly shareholders' meeting in February 1858.<ref name=Marshall34/>
 
Assuming that construction would go ahead, Peto in partnership with Brassey and Betts produced a tender for the contract with three costings (in each case prices included stations costing £22,500; the Contractors would accept £240,000 in shares as part of the consideration):<ref name=Marshall34/>
*a double track railway costing £469,740,
*all works built for double track but a single line of rails costing £389,690, and
*earthworks for two thirds of the line, and tunnels, for single line; underbridges (other than viaducts and bridges over streams) for single line with foundations for double line costing £363,690.
==See also==
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