London
In August 1900, Yerkes decided to become involved in the development of the London Underground railway system after riding along the route of one proposed line and surveying the City of London from the summit of Hampstead Heath. He established the Underground Electric Railways Company of London to take control of the Metropolitan District Railway and the part built Baker Street & Waterloo Railway; Charing Cross, Euston and Hampstead Railway; and Great Northern, Piccadilly and Brompton Railway. Yerkes employed complex financial arrangements similar to those that he had used in America to raise the funds necessary to construct the new lines and electrify the District railway. In one of his last great triumphs, Yerkes managed to thwart an attempt by J. P. Morgan to enter the London Underground field.
Read more about this topic: Charles Yerkes
Famous quotes containing the word london:
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