THE HISTORY OF EAST GRINSTEAD - Online Book

The rise and progress of the town and the history of its institutions & people.

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THE DEVELOPMENT OF THE RAILWAY. 163
more commodious station was opened and approached by way of Glen Vue. There was originally no station at Grange Road. Sir C. M. Lampson sold his land rather cheaply on condition that a station should be built at Rowfant and that the train leaving East Grinstead each morning between nine and ten o'clock, or the nearest to those hours, should always stop there, and this arrange­ment is still in force.
The provisional Directors of the Company, according to its prospectus, were Mr. J. Dorrien Magens, of Hammer-wood (Chairman), Mr. George Head (Banker, of East Grinstead), Mr. F. Moor (Holywych, Hartfield), Mr. Wm. Stenning (Halsford), Mr. C. C. Tooke (Hurst-an-Clays) and Mr. F. C. Worsley (Imberhorne), with Messrs. Wm. Pearless and Arthur Hastie as joint secretaries. The two latter acted until the Company was wound up, but the Directors were reduced to four in number, and the following acted for almost the whole time of the Com­pany's existence: Messrs. J. D. Magens, B. Hale, W. Stenning and G. Head. Before it was completed arrange­ments were made for leasing the line to the Brighton Railway Company for £2,000 per annum, not a very satisfactory financial bargain, as by the time all expenses had been met and interest on debentures paid there was not enough left for a 3 per cent, dividend on the ordinary shares, and the most the shareholders ever got in one year was £2. 18s. 8d. per cent. The Brighton Company had a purchasing clause in the lease, and in 1865 they put this in force, taking over the debenture debt of £10,000 and paying £43,000 in addition, so that the shareholders in the East Grinstead Railway Company did not get back their capital in full. The expenses of managing the Company were only about £60 a year. The Directors drew £20 a year between them, the two Secretaries only £12. 10s. each and the two Auditors (Messrs. John Mills and John Turley) a guinea each. Such economy of working is sufficiently rare as to merit notice.
At the outset the Sunday trains were naturally more freely patronised than were those on week-days, and this
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