The Stratford-upon-Avon & Midland Junction Railway Volume Two: The S&MJR, LM&SR,
The Stratford-upon-Avon & Midland Junction Railway was formed in 1909 by the amalgamation of three particularly unsuccessful small railways, with a fourth being absorbed in the following year. The shareholders in these constituent companies had never seen anything in return for their investments but those that remained loyal to the new owners quickly received a modest dividend, which was to be repeated in every year of the existence of the S&MJR. Unfortunately, this period of operation was destined to be relatively short; after the initial progress had been interrupted by the rigours of the First World War, Britain\u2019s railways were then amalgamated into four large groups in 1923 and the S&MJR lost its identity after just fourteen years of independence.The new owners, the London Midland & Scottish Railway, then developed the line as a useful cross-country freight artery, linking the west of England with London and the East Midlands, although passenger traffic conti.
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