canal the company aftewards landed at the wharfs on the two branches, and a large number of the shareholders partook of a festive repast at the Greyhound Inn, East Street, near the south basin. The navvies and other workmen who had been employed in the construction of the canal, were also regaled on the boats, and afterwards feasted at the Greyhound.
In following years an excursion was made annually by the Directors, conveyed down the canal, in a fine barge, which was their own property, named "The Lady Banks," in order to inspect its condition; and this was followed by a public dinner at the Bull Hotel, which continued to be an established institution during the period of the canal's prosperity.
The shares quickly rose considerably in value; a great number of barges came to the town, and it was no uncommon occurrence to see the whole distance from the South bridge to the Bow bridge packed closely with heavily laden vessels, carrying coals, grain, or other merchandise. In 1836 it was computed that about 30,000 quarters of wheat, and 3,000 packs of wool, passed through the canal annually; and in 1850 the profits of the traffic amounted to about £2,000 a year.
Consequent on the opening of the railway in August, 1855, the canal, as a means of goods conveyance, gradually became disused, until, of late years, it has become worse than a mere derelict, since it forms an obstruction to the free passage of the water brought down by the two rivers, and after heavy rain it has led to temporary inundations of the town, to the great inconvenience of those residing near it, as well as interfering, as might in some circumstances be serious, with the sanitary arrangements.
A few years ago an attempt was made to restore the canal traffic, but the railway monopoly had become too thoroughly established, and the project failed; yet the competition, could it have been maintained, might have had a salutary effect upon the cost of railway conveyance, to the advantage of the general public.
Our canals, it should be remembered, are a time-honoured institution; the Lincolnshire Cardyke and Fossdyke date from the period of the Roman occupation of this country. The Magna Charta of the early 13th century took cognizance, not only of the roads, called "The King's Highway," but also of inland navigation, under the term "Haut streames de le Roy." The latter half of the 18th century was remarkable for great achievements as regards internal waterways, notably in the Bridgewater Canal, and the Grand Junction Canal of London; and to this period, as we have seen, the Horncastle Canal belongs.
In this twentieth century, again, notwithstanding the great railway facilities, there is a wide-spread movement in favour of extended water traffic, headed by the very successful Suez Canal; with a prospect of the sister channel of Panama. Berlin is said to owe its prosperity largely to its well-organized system, connecting the rivers Oder, Elbe, Spree, &c., which have an annual traffic of some million and half tons. Our own Manchester Ship Canal is another instance; the most recent case being fresh developments of the Aire and Calder Navigation, in South Yorkshire. The canals, too, which have been recently constructed in India, are yielding, by the latest reports,[1] a handsome revenue to the Government, as well as greatly benefiting the native population.
- ↑ We refer to an admirable Paper, read before the Society of Arts, London, by Mr. Buckley, C.S.I., Feb. 15th, 1906.
