pictured), known operationally as The Underground for much of its
existence, was established in 1902. It was the holding company for three
deep-level tubes (underground railway lines) opened in London during
1906 and 1907: the Bakerloo, Hampstead and Piccadilly tubes. It was also
the parent company of the District Railway and a precursor of today's
London Underground. The company struggled financially in its first years
and narrowly avoided bankruptcy in 1908. Acquisitions before World War I
gave the company control of most of the underground railways in London
and large bus and tram fleets, the profits from which subsidised the
financially weaker railways. After the war, new railway lines were
extended outward from London to stimulate passenger numbers. In the
1920s, competition from small unregulated bus operators reduced the
profitability of the road transport operations. The company's directors
sought government regulation, leading to the establishment of the London
Passenger Transport Board in 1933, which absorbed the company and all of
the other bus, tram and underground railway services in the London
Passenger Transport Area.
Read more: <https://en.wikipedia.org/wiki/Underground_Electric_Railways_Company_of_London>
_______________________________
Today's selected anniversaries:
1594:
In the Philippines, Philip II of Spain recognized the right to
govern of the Principalía, the local nobles and chieftains who had
converted to Roman Catholicism.
<https://en.wikipedia.org/wiki/Principal%C3%ADa>
1776:
The Second Continental Congress appointed Thomas Jefferson,
John Adams, Benjamin Franklin, Roger Sherman, and Robert R. Livingston
to the Committee of Five to draft a declaration of independence for
Britain's Thirteen Colonies.
<https://en.wikipedia.org/wiki/Committee_of_Five>
1917:
Alexander was crowned King of Greece, succeeding his father
Constantine, who had abdicated.
<https://en.wikipedia.org/wiki/Alexander_of_Greece>
1955:
More than 80 people were killed after cars driven by Pierre
Levegh and Lance Macklin collided during the 23rd running of the 24
Hours of Le Mans sports car endurance race.
<https://en.wikipedia.org/wiki/1955_Le_Mans_disaster>
2008:
Canadian Prime Minister Stephen Harper apologised to the First
Nations for past governments' policies of forced assimilation.
<https://en.wikipedia.org/wiki/Canadian_Indian_residential_school_system>
_____________________________
Wiktionary's word of the day:
piece together:
1. To physically assemble (or reassemble) from fragments or pieces.
2. (figuratively) To reconstruct an event or goal from incomplete or flawed
elements.
<https://en.wiktionary.org/wiki/piece_together>
___________________________
Wikiquote quote of the day:
True happiness Consists not in the multitude of friends, But in
the worth and choice.
--Ben Jonson
<https://en.wikiquote.org/wiki/Ben_Jonson>
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