Origins
Priestley, writing in 1831, said:
The first act of parliament relating to this canal, received the royal assent on the 8th of March, 1768, and it is entitled, 'An Act for making and maintaining a navigable Canal from the Firth or River of Forth, at or near the mouth of the River Carron, in the county of Stirling, to the Firth or River of Clyde, at or near a place called Dalmuir Burnfoot, in the county of Dumbarton; and also a collateral Cut from the same to the city of Glasgow; and for making a navigable Cut or Canal of Communication from the Port or Harbour of Borrowstounness, to join the said Canal at or near the place where it will fall into the Firth of Forth.' The subscribers were incorporated by the name of "The Company of Proprietors of the Forth and Clyde Navigation," with power to raise among themselves the sum of £150,000, in fifteen hundred shares of £100 each, and an additional sum of £50,000, if necessary.
At first there were difficulties with securing the capital for the work, but soon "the execution of this canal proceeded with such rapidity, under the direction of Mr. Smeaton, that in two years and three quarters from the date of the first act, one half of the work was finished; when, in consequence of some misunderstanding between him and the proprietors, he declined any further connection with the work, which was shortly afterwards let to contractors, who however failed, and the canal was again placed under the direction of its original projector, who brought it to within six miles of its proposed junction with the Clyde, when the work was stopped in 1775 for want of funds, and it continued at a stand for several years."
Numerous supplementary Acts of Parliament preceded this period and more followed, but the key to unlocking the problem was some creativity, in which "the Barons of the Court of Exchequer in Scotland, are, out of the money arising from the sale of forfeited estates, directed to lend the Forth and Clyde Navigation Company the sum of £50,000, by which they were enabled to resume their labours, under the direction of Mr. Robert Whitworth, an engineer possessing a well earned reputation". The work was completed on the 28th July, 1790.
Read more about this topic: Forth And Clyde Canal
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