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[Note 119.0] The sceptical attitude to the likely profitability of the line suggests that the crash in railway share prices that began in 1846 was foreseen by the balladeer. Indeed the construction of the line to Falmouth was dogged by lack of funding and the line was not completed until 1863

[Note 119.1] The "Southern Railway" referred to may be either the London and South Western or the South Devon Railway Companies both of which were interested in the westward extrension of the railway network.

[Note 119.2] The price of half-a-crown a share is well below the stock market index for railway shares which stood at about £1 in 1844. (http://www.rba.gov.au/publications/confs/2003/simon.html).

[Note  119.3]: The phrase "never handled yet" is probably a reference to the feverish trading of railway shares that was a feature of the railway mania. A letter from "R.A.E." in the The Times, 12 July 1845 said 'There is not a single dabbler in scrip(1) who does not steadfastly believe-first, that a crash sooner or later, is inevitable; and, secondly, that he himself will escape it'. see The Times digital archive

[Note 119.4] "Money from the Western" suggests that the Great Western company were investing or expected to invest in the line to Falmouth. When the Cornwall Railway Act was passed in 1846, the Great Western was one of the Associated Companies authorised to subscribe to the undertaking.

[Note 119.5] The line from London to Falmouth was first proposed in 1835.  Parliament rejected the first version of an enabling act in 1845, a year after publication date of this song given by the British Library, so the confidence (in verse 7) that "the bill is certain" was misplaced. (http://en.wikipedia.org/wiki/Cornwall_Railway)

 

 

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