Genre:

News-Commentary

Subjects:

Railways, Transport, Commerce, Charlatanry, Crime, Morality, Military Technology, Engineers

    Discusses Samuel M Peto's speeches at a Colston Festival dinner. Alluding to Peto's role in the bankruptcy of the London, Chatham, and Dover Railway Company and its consequent failure to redeem its debentures, the article notes that while the subject of Peto's speech was 'Reform' he did not recommend an 'Official Registrar of Railway Debentures [...] to prevent cooked accounts'. Following Peto's criticism of the management of 'our naval and military administrations', it sarcastically suggests that these departments be conducted like the London, Chatham and Dover Railway Company—i.e. with financial dodges. Reports that Peto believed the fate of 'poor' Jacob Snider (who failed to be properly remunerated for his breech-loaders) had 'quite shocked the moral sense of the entire country'. Suggests that Snider should have invested in the London, Chatham and Dover Railway instead of breech-loaders.